Global Medical Correlations

Stocks . USA . 
Stock . Global Medical REIT
GMRE Stock  USD 7.15  0.08  1.13%   
The current 90-days correlation between Global Medical REIT and Community Healthcare Trust is 0.41 (i.e., Very weak diversification). The correlation of Global Medical is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Global Medical Correlation With Market

Weak diversification

The correlation between Global Medical REIT and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Medical REIT and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Global Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Medical 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.

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Medical 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 Global Medical'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.

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