Medical Properties Correlations

MPW Stock

USD 4.08 0.05 1.21%

The current 90-days correlation between Medical Properties Trust and Omega Healthcare Investors is 0.21 (i.e., Modest diversification). The correlation of Medical Properties 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Medical Properties Correlation With Market

Very weak diversification

The correlation between Medical Properties Trust and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medical Properties Trust and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Medical Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medical Properties Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Medical Stock

0.92	JBGS	JBG SMITH Properties Earnings Call Next Week	Pair Corr
0.86	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.86	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.85	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.85	DOUG	Douglas Elliman	Pair Corr
0.83	SLG	SL Green Realty	Pair Corr
0.82	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.78	BXP	Boston Properties Sell-off Trend	Pair Corr
0.74	DEI	Douglas Emmett	Pair Corr
0.73	OZ	Belpointe PREP LLC	Pair Corr
0.73	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.67	MITT-PA	AG Mortgage Investment	Pair Corr
0.63	DX	Dynex Capital Earnings Call Tomorrow	Pair Corr
0.59	PK	Park Hotels Resorts	Pair Corr
0.59	VNO-PL	Vornado Realty Trust	Pair Corr
0.57	VNO-PM	Vornado Realty Trust	Pair Corr
0.55	VNO-PN	Vornado Realty Trust	Pair Corr
0.54	KW	Kennedy Wilson Holdings	Pair Corr
0.53	HPP	Hudson Pacific Properties	Pair Corr
0.53	UE	Urban Edge Properties	Pair Corr
0.49	FR	First Industrial Realty	Pair Corr
0.48	VICI	VICI Properties	Pair Corr
0.39	VNO-PO	Vornado Realty Trust	Pair Corr
0.36	WY	Weyerhaeuser Earnings Call This Week	Pair Corr
0.88	AHR	American Healthcare REIT,	Pair Corr
0.87	EARN	Ellington Residential	Pair Corr
0.87	AAT	American Assets Trust Earnings Call Next Week	Pair Corr
0.86	MITT-PC	AG Mortgage Investment	Pair Corr
0.85	CDR-PC	Cedar Realty Trust	Pair Corr
0.82	MITT-PB	AG Mortgage Investment	Pair Corr
0.81	BFS-PE	Saul Centers	Pair Corr
0.79	AIV	Apartment Investment and	Pair Corr
0.76	ELME	Elme Communities	Pair Corr
0.76	WELL	Welltower Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	OHI	LTC	DOC	GMRE	SBRA	WPC	STAG	O	IRM
OHI		0.09	0.5	0.21	0.16	0.16	-0.1	0.32	-0.29	OHI
LTC	0.09		0.13	0.14	0.23	0.19	0.05	0.21	0.04	LTC
DOC	0.5	0.13		0.67	0.3	0.16	-0.21	0.52	-0.45	DOC
GMRE	0.21	0.14	0.67		-0.1	-0.2	-0.58	0.29	-0.57	GMRE
SBRA	0.16	0.23	0.3	-0.1		0.8	0.69	0.67	0.57	SBRA
WPC	0.16	0.19	0.16	-0.2	0.8		0.74	0.75	0.61	WPC
STAG	-0.1	0.05	-0.21	-0.58	0.69	0.74		0.25	0.91	STAG
O	0.32	0.21	0.52	0.29	0.67	0.75	0.25		0.1	O
IRM	-0.29	0.04	-0.45	-0.57	0.57	0.61	0.91	0.1		IRM
	OHI	LTC	DOC	GMRE	SBRA	WPC	STAG	O	IRM

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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

IRM	+ 0.91	STAG
WPC	+ 0.8	SBRA
O	+ 0.75	WPC
STAG	+ 0.74	WPC
STAG	+ 0.69	SBRA
GMRE	+ 0.67	DOC

High negative correlations

STAG	- 0.58	GMRE
IRM	- 0.57	GMRE
IRM	- 0.45	DOC
IRM	- 0.29	OHI
STAG	- 0.21	DOC
WPC	- 0.2	GMRE

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
OHI	0.86	0.00	(0.08)	0.10	1.28	(0.84)	2.13	(1.85)	6.12
LTC	0.84	0.03	(0.08)	0.54	1.06	(0.80)	1.48	(1.66)	5.33
DOC	0.96	(0.09)	(0.08)	0.00	1.47	(0.94)	2.23	(1.68)	7.12
GMRE	1.27	(0.06)	(0.04)	0.05	2.22	(1.27)	2.64	(2.06)	12.27
SBRA	1.04	0.04	(0.05)	0.38	1.21	(1.10)	1.98	(1.70)	7.90
WPC	0.83	0.04	(0.06)	0.38	0.97	(0.92)	1.82	(1.55)	4.98
STAG	0.94	0.08	0.03	0.24	1.20	(0.97)	2.20	(1.64)	5.84
O	0.74	0.00	(0.11)	0.15	0.94	(0.80)	1.57	(1.56)	6.17
IRM	1.05	0.16	0.09	0.34	1.21	(1.20)	2.43	(2.44)	8.65

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