Community Healthcare Correlations

CHCT Stock

USD 18.79 0.28 1.51%

The current 90-days correlation between Community Healthcare and Global Medical REIT is 0.39 (i.e., Weak diversification). The correlation of Community Healthcare 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.

Community Healthcare Correlation With Market

Average diversification

The correlation between Community Healthcare Trust and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Healthcare Trust and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Community Healthcare 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 main economic indicators.

Moving together with Community Stock

0.63

DOUG

Douglas Elliman

Pair Corr

Moving against Community Stock

0.66	WHLR	Wheeler Real Estate	Pair Corr
0.58	O	Realty Income	Pair Corr
0.46	ADC-PA	Agree Realty	Pair Corr
0.4	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.38	HASI	Hannon Armstrong Sus	Pair Corr
0.32	HR	Healthcare Realty Trust	Pair Corr
0.66	FCPT	Four Corners Property	Pair Corr
0.54	VICI	VICI Properties	Pair Corr
0.49	VNO-PL	Vornado Realty Trust	Pair Corr
0.45	EPRT	Essential Properties	Pair Corr
0.43	BFS-PD	Saul Centers	Pair Corr
0.41	VNO-PO	Vornado Realty Trust	Pair Corr
0.41	MITT-PA	AG Mortgage Investment	Pair Corr
0.4	BFS-PE	Saul Centers	Pair Corr
0.38	VNO-PM	Vornado Realty Trust	Pair Corr
0.36	VNO-PN	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	GMRE	NHI	DOC	SBRA	HR	UHT	GMRE-PA	PEAK	CTRE	VTR
GMRE		0.66	0.41	0.6	0.53	0.65	0.24	-0.39	0.51	0.5	GMRE
NHI	0.66		0.33	0.44	0.52	0.8	0.18	-0.31	0.42	0.43	NHI
DOC	0.41	0.33		0.68	0.5	0.16	0.45	0.28	0.64	0.69	DOC
SBRA	0.6	0.44	0.68		0.33	0.05	0.72	-0.13	0.92	0.93	SBRA
HR	0.53	0.52	0.5	0.33		0.58	0.08	-0.32	0.24	0.46	HR
UHT	0.65	0.8	0.16	0.05	0.58		-0.18	-0.28	-0.03	0.03	UHT
GMRE-PA	0.24	0.18	0.45	0.72	0.08	-0.18		-0.01	0.78	0.68	GMRE-PA
PEAK	-0.39	-0.31	0.28	-0.13	-0.32	-0.28	-0.01		-0.12	-0.23	PEAK
CTRE	0.51	0.42	0.64	0.92	0.24	-0.03	0.78	-0.12		0.9	CTRE
VTR	0.5	0.43	0.69	0.93	0.46	0.03	0.68	-0.23	0.9		VTR
	GMRE	NHI	DOC	SBRA	HR	UHT	GMRE-PA	PEAK	CTRE	VTR

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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

VTR	+ 0.93	SBRA
CTRE	+ 0.92	SBRA
VTR	+ 0.9	CTRE
UHT	+ 0.8	NHI
CTRE	+ 0.78	GMRE-PA
GMRE-PA	+ 0.72	SBRA

High negative correlations

PEAK	- 0.39	GMRE
PEAK	- 0.32	HR
PEAK	- 0.31	NHI
PEAK	- 0.28	UHT
VTR	- 0.23	PEAK
GMRE-PA	- 0.18	UHT

Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community Healthcare 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 Community Healthcare'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
GMRE	1.01	(0.07)	(0.10)	0.03	1.27	(1.04)	2.49	(2.31)	6.41
NHI	1.07	0.11	0.00	0.57	1.23	(1.09)	2.38	(2.12)	6.17
DOC	1.00	0.09	(0.04)	1.00	1.10	(1.09)	2.04	(2.02)	6.16
SBRA	1.15	0.30	0.08	(3.60)	1.25	(1.21)	2.52	(2.08)	6.92
HR	1.05	0.03	(0.09)	(1.83)	1.33	(1.06)	2.02	(2.41)	4.93
UHT	1.06	(0.07)	(0.09)	0.05	1.27	(1.10)	2.24	(1.86)	6.11
GMRE-PA	0.56	0.07	(0.17)	(0.14)	0.65	(0.61)	1.22	(1.21)	4.02
PEAK	1.20	0.07	(0.06)	6.94	1.41	(1.22)	2.88	(2.16)	6.74
CTRE	0.93	0.26	0.03	(0.58)	1.19	(1.04)	2.04	(1.28)	7.20
VTR	0.88	0.20	0.00	(0.65)	0.98	(0.92)	1.99	(1.80)	5.92

Community Healthcare Corporate Executives

Elected by the shareholders, the Community Healthcare's board of directors comprises two types of representatives: Community Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Community. The board's role is to monitor Community Healthcare's management team and ensure that shareholders' interests are well served. Community Healthcare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Community Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.

William IV

Executive CFO

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