Correlation Between Healthpeak Properties and Iron Mountain
Can any of the company-specific risk be diversified away by investing in both Healthpeak Properties and Iron Mountain 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 Iron Mountain into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Healthpeak Properties and Iron Mountain Incorporated, you can compare the effects of market volatilities on Healthpeak Properties and Iron Mountain 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 Iron Mountain. Check out your portfolio center. Please also check ongoing floating volatility patterns of Healthpeak Properties and Iron Mountain.
Diversification Opportunities for Healthpeak Properties and Iron Mountain
0.76 | Correlation Coefficient |
Poor diversification
The 3 months correlation between Healthpeak and Iron is 0.76. Overlapping area represents the amount of risk that can be diversified away by holding Healthpeak Properties and Iron Mountain Incorporated in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Iron Mountain 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 Iron Mountain. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Iron Mountain has no effect on the direction of Healthpeak Properties i.e., Healthpeak Properties and Iron Mountain go up and down completely randomly.
Pair Corralation between Healthpeak Properties and Iron Mountain
Considering the 90-day investment horizon Healthpeak Properties is expected to generate 0.77 times more return on investment than Iron Mountain. However, Healthpeak Properties is 1.31 times less risky than Iron Mountain. It trades about -0.13 of its potential returns per unit of risk. Iron Mountain Incorporated is currently generating about -0.18 per unit of risk. If you would invest 1,852 in Healthpeak Properties on October 8, 2025 and sell it today you would lose (213.00) from holding Healthpeak Properties or give up 11.5% 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. Iron Mountain Incorporated
Performance |
| Timeline |
| Healthpeak Properties |
| Iron Mountain |
Healthpeak Properties and Iron Mountain Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Healthpeak Properties and Iron Mountain
The main advantage of trading using opposite Healthpeak Properties and Iron Mountain positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Healthpeak Properties position performs unexpectedly, Iron Mountain 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 Iron Mountain will offset losses from the drop in Iron Mountain'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 |
| Iron Mountain vs. Extra Space Storage | Iron Mountain vs. VICI Properties | Iron Mountain vs. Ventas Inc | Iron Mountain vs. CoStar 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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