Welltower Correlations

WELL Stock

USD 139.30 0.34 0.24%

The current 90-days correlation between Welltower and Boston Properties is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Welltower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welltower moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Welltower Correlation With Market

Good diversification

The correlation between Welltower and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welltower and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welltower. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Welltower Stock please use our How to buy in Welltower Stock guide.

Moving together with Welltower Stock

0.86	EQIX	Equinix	Pair Corr
0.62	GTY	Getty Realty	Pair Corr
0.73	KRG	Kite Realty Group	Pair Corr
0.87	SLG	SL Green Realty Fiscal Year End 22nd of January 2025	Pair Corr
0.81	SPG	Simon Property Group	Pair Corr
0.76	SBRA	Sabra Healthcare REIT	Pair Corr
0.92	UE	Urban Edge Properties	Pair Corr
0.62	DOUG	Douglas Elliman	Pair Corr

Moving against Welltower Stock

0.83	OPI	Office Properties Income	Pair Corr
0.77	HPP	Hudson Pacific Properties	Pair Corr
0.76	LXP	LXP Industrial Trust	Pair Corr
0.74	FR	First Industrial Realty	Pair Corr
0.71	EGP	EastGroup Properties	Pair Corr
0.67	O	Realty Income	Pair Corr
0.63	UK	Ucommune International	Pair Corr
0.62	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.59	RC	Ready Capital Corp	Pair Corr
0.58	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.55	INN	Summit Hotel Properties	Pair Corr
0.54	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.48	JBGS	JBG SMITH Properties	Pair Corr
0.47	HASI	Hannon Armstrong Sus	Pair Corr
0.36	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.75	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.72	VTMX	Corporacin Inmobiliaria	Pair Corr
0.55	VICI	VICI Properties	Pair Corr
0.5	ELME	Elme Communities	Pair Corr
0.45	ADC-PA	Agree Realty	Pair Corr
0.42	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO
BXP		0.77	0.88	0.08	0.81	0.9	-0.21	0.8	-0.18	-0.05	BXP
DEI	0.77		0.91	-0.43	0.95	0.53	-0.64	0.44	-0.69	-0.5	DEI
KRC	0.88	0.91		-0.14	0.93	0.74	-0.36	0.67	-0.43	-0.27	KRC
ARE	0.08	-0.43	-0.14		-0.35	0.37	0.87	0.5	0.84	0.86	ARE
VNO	0.81	0.95	0.93	-0.35		0.6	-0.53	0.54	-0.63	-0.47	VNO
HIW	0.9	0.53	0.74	0.37	0.6		0.12	0.94	0.12	0.17	HIW
HPP	-0.21	-0.64	-0.36	0.87	-0.53	0.12		0.28	0.85	0.79	HPP
PDM	0.8	0.44	0.67	0.5	0.54	0.94	0.28		0.17	0.24	PDM
OPI	-0.18	-0.69	-0.43	0.84	-0.63	0.12	0.85	0.17		0.86	OPI
CIO	-0.05	-0.5	-0.27	0.86	-0.47	0.17	0.79	0.24	0.86		CIO
	BXP	DEI	KRC	ARE	VNO	HIW	HPP	PDM	OPI	CIO

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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

VNO	+ 0.95	DEI
PDM	+ 0.94	HIW
VNO	+ 0.93	KRC
KRC	+ 0.91	DEI
HIW	+ 0.9	BXP
KRC	+ 0.88	BXP

High negative correlations

OPI	- 0.69	DEI
HPP	- 0.64	DEI
OPI	- 0.63	VNO
HPP	- 0.53	VNO
CIO	- 0.5	DEI
CIO	- 0.47	VNO

Risk-Adjusted Indicators

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

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BXP	1.10	0.11	0.04	0.29	1.40	(1.09)	2.06	(2.65)	7.04
DEI	1.32	0.22	0.13	0.36	1.37	(1.51)	2.78	(2.06)	7.68
KRC	1.39	0.10	0.08	0.20	1.37	(1.63)	3.38	(2.85)	7.68
ARE	1.12	(0.14)	0.00	(0.49)	0.00	0.00	2.06	(2.48)	5.13
VNO	1.30	0.25	0.16	0.37	1.27	(1.52)	2.75	(2.44)	10.57
HIW	0.93	(0.03)	(0.06)	0.07	1.16	(0.96)	1.73	(2.16)	5.78
HPP	2.93	(0.65)	0.00	(0.31)	0.00	0.00	6.35	(5.70)	16.57
PDM	1.25	(0.08)	(0.06)	0.02	1.56	(1.46)	3.08	(2.47)	8.49
OPI	3.03	(0.30)	0.00	2.65	0.00	0.00	4.69	(5.66)	24.08
CIO	1.69	(0.12)	0.00	(0.03)	0.00	0.00	3.84	(3.44)	8.90

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