CareTrust REIT Correlations

CareTrust REIT Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations    SBRA + 0.65 CHCT DOC + 0.57 GMRE NHI + 0.49 GMRE DOC + 0.13 NHI SBRA + 0.03 DOC

High negative correlations    GMRE - 0.33 CHCT NHI - 0.32 CHCT SBRA - 0.28 NHI SBRA - 0.26 GMRE DOC - 0.26 CHCT

Risk-Adjusted Indicators

There is a big difference between CareTrust Stock performing well and CareTrust REIT Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CareTrust REIT's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.