Adapthealth Corp Correlations

AHCO Stock

USD 9.86 0.03 0.30%

The current 90-days correlation between Adapthealth Corp and Axogen Inc is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adapthealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adapthealth Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adapthealth Corp Correlation With Market

Very weak diversification

The correlation between Adapthealth Corp and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adapthealth Corp 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 Adapthealth Corp. 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.

To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.

Moving together with Adapthealth Stock

0.61	VERO	Venus Concept	Pair Corr
0.76	EKSO	Ekso Bionics Holdings	Pair Corr
0.66	ELAB	Elevai Labs, Common	Pair Corr
0.62	AMN	AMN Healthcare Services	Pair Corr
0.69	BAX	Baxter International	Pair Corr

Moving against Adapthealth Stock

0.65	MD	Mednax Inc	Pair Corr
0.61	ELMD	Electromed	Pair Corr
0.56	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.55	VREX	Varex Imaging Corp	Pair Corr
0.52	OM	Outset Medical	Pair Corr
0.49	DOCS	Doximity	Pair Corr
0.54	BSX	Boston Scientific Corp	Pair Corr
0.39	XAIR	Beyond Air	Pair Corr

Related Correlations Analysis

	AXGN	AORT	ITGR	FNA	LIVN	ANIK	OFIX	SRDX	LUNG	ELMD
AXGN		-0.05	-0.2	-0.52	0.31	0.12	-0.35	-0.31	0.38	0.02	AXGN
AORT	-0.05		0.54	0.18	0.37	-0.66	0.62	-0.34	-0.32	0.59	AORT
ITGR	-0.2	0.54		0.42	0.39	-0.61	0.55	-0.12	-0.28	0.73	ITGR
FNA	-0.52	0.18	0.42		-0.37	-0.46	0.72	0.58	0.02	0.2	FNA
LIVN	0.31	0.37	0.39	-0.37		-0.13	-0.21	-0.61	-0.3	0.65	LIVN
ANIK	0.12	-0.66	-0.61	-0.46	-0.13		-0.75	0.27	0.32	-0.74	ANIK
OFIX	-0.35	0.62	0.55	0.72	-0.21	-0.75		0.19	-0.13	0.42	OFIX
SRDX	-0.31	-0.34	-0.12	0.58	-0.61	0.27	0.19		0.44	-0.46	SRDX
LUNG	0.38	-0.32	-0.28	0.02	-0.3	0.32	-0.13	0.44		-0.49	LUNG
ELMD	0.02	0.59	0.73	0.2	0.65	-0.74	0.42	-0.46	-0.49		ELMD
	AXGN	AORT	ITGR	FNA	LIVN	ANIK	OFIX	SRDX	LUNG	ELMD

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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

ELMD	+ 0.73	ITGR
OFIX	+ 0.72	FNA
ELMD	+ 0.65	LIVN
OFIX	+ 0.62	AORT
ELMD	+ 0.59	AORT
SRDX	+ 0.58	FNA

High negative correlations

OFIX	- 0.75	ANIK
ELMD	- 0.74	ANIK
ANIK	- 0.66	AORT
SRDX	- 0.61	LIVN
ANIK	- 0.61	ITGR
FNA	- 0.52	AXGN

Risk-Adjusted Indicators

There is a big difference between Adapthealth Stock performing well and Adapthealth Corp 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 Adapthealth Corp'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
AXGN	2.21	0.02	0.01	0.14	3.70	(2.19)	4.73	(5.50)	21.60
AORT	1.34	(0.01)	0.02	0.11	1.46	(1.50)	2.74	(2.63)	9.51
ITGR	1.24	0.17	0.02	(1.74)	1.44	(1.30)	2.48	(2.16)	7.64
FNA	3.86	0.22	0.10	0.20	4.05	(4.41)	7.83	(6.30)	43.16
LIVN	1.20	0.05	0.03	0.17	1.42	(1.18)	3.73	(2.55)	8.68
ANIK	1.77	(0.67)	0.00	(0.31)	0.00	0.00	3.23	(2.96)	34.28
OFIX	1.87	0.04	0.04	0.15	2.03	(2.09)	3.90	(3.85)	12.11
SRDX	0.48	(0.07)	0.00	(0.10)	0.00	0.00	1.26	(1.01)	3.22
LUNG	3.27	(0.19)	(0.01)	0.03	4.10	(3.67)	9.00	(6.89)	20.52
ELMD	2.60	0.91	0.31	0.98	2.15	(3.15)	6.65	(4.47)	13.47

Adapthealth Corp Corporate Management

Jonathan JD	General Counsel	Profile
Nalin Narayanam	Chief Officer	Profile
Joel Mills	Chief Officer	Profile
Wendy Russalesi	Chief Officer	Profile

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