Correlation Between Healthpeak Properties and Douglas Emmett
Can any of the company-specific risk be diversified away by investing in both Healthpeak Properties and Douglas Emmett 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 Healthpeak Properties and Douglas Emmett into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Healthpeak Properties and Douglas Emmett, you can compare the effects of market volatilities on Healthpeak Properties and Douglas Emmett 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 Healthpeak Properties with a short position of Douglas Emmett. Check out your portfolio center. Please also check ongoing floating volatility patterns of Healthpeak Properties and Douglas Emmett.
Diversification Opportunities for Healthpeak Properties and Douglas Emmett
0.66 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Healthpeak and Douglas is 0.66. Overlapping area represents the amount of risk that can be diversified away by holding Healthpeak Properties and Douglas Emmett in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Douglas Emmett and Healthpeak Properties 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 Healthpeak Properties are associated (or correlated) with Douglas Emmett. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Douglas Emmett has no effect on the direction of Healthpeak Properties i.e., Healthpeak Properties and Douglas Emmett go up and down completely randomly.
Pair Corralation between Healthpeak Properties and Douglas Emmett
Considering the 90-day investment horizon Healthpeak Properties is expected to generate 0.9 times more return on investment than Douglas Emmett. However, Healthpeak Properties is 1.11 times less risky than Douglas Emmett. It trades about -0.13 of its potential returns per unit of risk. Douglas Emmett is currently generating about -0.34 per unit of risk. If you would invest 1,818 in Healthpeak Properties on September 22, 2025 and sell it today you would lose (219.00) from holding Healthpeak Properties or give up 12.05% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Healthpeak Properties vs. Douglas Emmett
Performance |
| Timeline |
| Healthpeak Properties |
| Douglas Emmett |
Healthpeak Properties and Douglas Emmett Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Healthpeak Properties and Douglas Emmett
The main advantage of trading using opposite Healthpeak Properties and Douglas Emmett positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Healthpeak Properties position performs unexpectedly, Douglas Emmett 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 Douglas Emmett will offset losses from the drop in Douglas Emmett's long position.| Healthpeak Properties vs. Omega Healthcare Investors | Healthpeak Properties vs. Regency Centers | Healthpeak Properties vs. Lamar Advertising | Healthpeak Properties vs. American Homes 4 |
| Douglas Emmett vs. Empire State Realty | Douglas Emmett vs. National Storage Affiliates | Douglas Emmett vs. Inventrust Properties Corp | Douglas Emmett vs. Digitalbridge Group |
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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Other Complementary Tools
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |