Correlation Between Capital Clean and Sabra Healthcare
Can any of the company-specific risk be diversified away by investing in both Capital Clean and Sabra Healthcare at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Capital Clean and Sabra Healthcare into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Capital Clean Energy and Sabra Healthcare REIT, you can compare the effects of market volatilities on Capital Clean and Sabra Healthcare and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Capital Clean with a short position of Sabra Healthcare. Check out your portfolio center. Please also check ongoing floating volatility patterns of Capital Clean and Sabra Healthcare.
Diversification Opportunities for Capital Clean and Sabra Healthcare
-0.45 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Capital and Sabra is -0.45. Overlapping area represents the amount of risk that can be diversified away by holding Capital Clean Energy and Sabra Healthcare REIT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Sabra Healthcare REIT and Capital Clean is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Capital Clean Energy are associated (or correlated) with Sabra Healthcare. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Sabra Healthcare REIT has no effect on the direction of Capital Clean i.e., Capital Clean and Sabra Healthcare go up and down completely randomly.
Pair Corralation between Capital Clean and Sabra Healthcare
Given the investment horizon of 90 days Capital Clean Energy is expected to under-perform the Sabra Healthcare. In addition to that, Capital Clean is 2.22 times more volatile than Sabra Healthcare REIT. It trades about 0.0 of its total potential returns per unit of risk. Sabra Healthcare REIT is currently generating about 0.03 per unit of volatility. If you would invest 1,882 in Sabra Healthcare REIT on September 11, 2025 and sell it today you would earn a total of 42.50 from holding Sabra Healthcare REIT or generate 2.26% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Capital Clean Energy vs. Sabra Healthcare REIT
Performance |
| Timeline |
| Capital Clean Energy |
| Sabra Healthcare REIT |
Capital Clean and Sabra Healthcare Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Capital Clean and Sabra Healthcare
The main advantage of trading using opposite Capital Clean and Sabra Healthcare positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Capital Clean position performs unexpectedly, Sabra Healthcare can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sabra Healthcare will offset losses from the drop in Sabra Healthcare's long position.| Capital Clean vs. Costamare | Capital Clean vs. Navios Maritime Partners | Capital Clean vs. Okeanis Eco Tankers | Capital Clean vs. Global Ship Lease |
| Sabra Healthcare vs. National Health Investors | Sabra Healthcare vs. Arbor Realty Trust | Sabra Healthcare vs. Phillips Edison Co | Sabra Healthcare vs. EPR Properties |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Other Complementary Tools
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |