Astrana Health Correlations

ASTH Stock

20.91 0.96 4.81%

The current 90-days correlation between Astrana Health and Select Medical Holdings is 0.28 (i.e., Modest diversification). The correlation of Astrana Health 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.

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Moving together with Astrana Stock

0.79	UNH	UnitedHealth Group CDR	Pair Corr
0.64	V3V	VITA 34 AG	Pair Corr
0.84	AGL	agilon health Earnings Call This Week	Pair Corr
0.69	CCM	Concord Medical Services	Pair Corr
0.61	CNC	Centene Corp	Pair Corr

Moving against Astrana Stock

0.66	LH	Laboratory	Pair Corr
0.49	ANCR	Animalcare Group Plc Earnings Call This Week	Pair Corr
0.44	GD6	Ramsay Gnrale de Earnings Call Today	Pair Corr
0.43	X2S	Sinopharm Group	Pair Corr
0.43	S00	Spire Healthcare Earnings Call This Week	Pair Corr
0.33	ELM	Element Lifestyle	Pair Corr
0.64	ENSG	Ensign Group	Pair Corr
0.62	BKD	Brookdale Senior Living	Pair Corr
0.44	FMEA	Fresenius Medical Care	Pair Corr
0.36	636	Sienna Senior Living	Pair Corr
0.35	EHAB	Enhabit Earnings Call This Week	Pair Corr
0.76	DVA	DaVita HealthCare	Pair Corr
0.73	HCA	HCA Holdings	Pair Corr
0.69	DGX	Quest Diagnostics	Pair Corr
0.54	CON	Concentra Group Holdings	Pair Corr
0.54	0NR	UNIPHAR PLC EO	Pair Corr
0.49	CAH	Cardinal Health	Pair Corr

Related Correlations Analysis

	SEM	MD	NHC	AVAH	ACHC	USPH	MNKD	OMCL	HCSG	LFST
SEM		-0.09	0.6	-0.18	0.06	0.6	0.21	-0.09	0.49	0.25	SEM
MD	-0.09		-0.57	0.73	-0.08	-0.55	0.13	-0.17	-0.45	-0.42	MD
NHC	0.6	-0.57		-0.73	0.31	0.58	-0.18	-0.32	0.77	0.18	NHC
AVAH	-0.18	0.73	-0.73		-0.39	-0.4	0.32	0.26	-0.59	-0.23	AVAH
ACHC	0.06	-0.08	0.31	-0.39		-0.27	-0.56	-0.58	0.43	-0.24	ACHC
USPH	0.6	-0.55	0.58	-0.4	-0.27		0.18	0.45	0.48	0.76	USPH
MNKD	0.21	0.13	-0.18	0.32	-0.56	0.18		0.29	-0.28	0.09	MNKD
OMCL	-0.09	-0.17	-0.32	0.26	-0.58	0.45	0.29		-0.2	0.68	OMCL
HCSG	0.49	-0.45	0.77	-0.59	0.43	0.48	-0.28	-0.2		0.34	HCSG
LFST	0.25	-0.42	0.18	-0.23	-0.24	0.76	0.09	0.68	0.34		LFST
	SEM	MD	NHC	AVAH	ACHC	USPH	MNKD	OMCL	HCSG	LFST

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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

HCSG	+ 0.77	NHC
LFST	+ 0.76	USPH
AVAH	+ 0.73	MD
LFST	+ 0.68	OMCL
NHC	+ 0.6	SEM
USPH	+ 0.6	SEM

High negative correlations

AVAH	- 0.73	NHC
HCSG	- 0.59	AVAH
OMCL	- 0.58	ACHC
NHC	- 0.57	MD
MNKD	- 0.56	ACHC
USPH	- 0.55	MD

Risk-Adjusted Indicators

There is a big difference between Astrana Stock performing well and Astrana Health 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 Astrana Health'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
SEM	1.20	0.09	0.07	0.20	1.29	(1.50)	2.25	(1.58)	17.79
MD	1.73	(0.29)	0.00	(0.19)	0.00	0.00	3.16	(3.75)	15.59
NHC	1.39	0.29	0.14	0.58	1.42	(1.58)	4.32	(2.46)	9.28
AVAH	2.01	(0.27)	0.00	(0.23)	0.00	0.00	4.50	(3.66)	17.34
ACHC	3.33	0.69	0.14	26.79	3.51	(3.96)	6.63	(7.74)	33.41
USPH	1.48	0.11	0.07	0.21	1.51	(1.71)	3.72	(3.21)	10.34
MNKD	2.59	(0.50)	0.00	(2.52)	0.00	0.00	4.09	(6.92)	42.20
OMCL	2.20	0.46	0.05	(0.26)	3.41	(2.27)	6.48	(4.34)	23.86
HCSG	1.69	0.28	0.10	0.45	2.17	(1.82)	3.75	(3.39)	20.02
LFST	1.31	0.04	0.04	0.14	1.76	(1.39)	3.78	(2.82)	9.83

Astrana Health Corporate Management

WaiChow MD	Chief Officer	Profile
Rita Pew	Vice Operations	Profile
Carlos MD	Chief Texas	Profile
Glenn Sobotka	Chief Officer	Profile

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