Astrana Health Correlations

ASTH Stock

27.40 2.18 8.64%

The current 90-days correlation between Astrana Health and Select Medical Holdings is 0.19 (i.e., Average 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.

Astrana Health Correlation With Market

Modest diversification

The correlation between Astrana Health and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrana Health and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Astrana Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrana Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Astrana Stock please use our How to Invest in Astrana Health guide.

Moving together with Astrana Stock

0.74	UNH	UnitedHealth Group CDR	Pair Corr
0.61	300015	Aier Eye Hospital	Pair Corr
0.72	301293	Sanbo Hospital Management	Pair Corr
0.63	DVA	DaVita HealthCare	Pair Corr
0.86	FMS	Fresenius Medical Care	Pair Corr
0.78	IVP	Inspire Veterinary	Pair Corr
0.7	HIMS	Hims Hers Health	Pair Corr

Moving against Astrana Stock

0.75	CAH	Cardinal Health Sell-off Trend	Pair Corr
0.72	GH	Guardant Health	Pair Corr
0.63	HCA	HCA Holdings	Pair Corr
0.63	UHS	Universal Health Services	Pair Corr
0.56	NPTH	NeuPath Health	Pair Corr
0.5	HQY	HealthEquity	Pair Corr
0.48	MCK	McKesson	Pair Corr
0.46	CNC	Centene Corp Aggressive Push	Pair Corr
0.78	HSIC	Henry Schein	Pair Corr
0.67	PRPO	Precipio	Pair Corr
0.64	SIA	Sienna Senior Living	Pair Corr
0.63	SHL	Sonic Healthcare	Pair Corr
0.62	OCA	Oceania Healthcare	Pair Corr
0.56	REG	Regis Healthcare	Pair Corr
0.54	DNTL	dentalcorp Holdings	Pair Corr
0.54	DR	Medical Facilities	Pair Corr
0.53	RHC	Ramsay Health Care	Pair Corr
0.41	AHX	Apiam Animal Health	Pair Corr

Related Correlations Analysis

	SEM	MD	NHC	AVAH	ACHC	USPH	MNKD	OMCL	HCSG	LFST
SEM		0.44	0.79	0.08	-0.59	-0.16	0.6	0.72	0.7	0.62	SEM
MD	0.44		0.76	-0.38	-0.86	-0.87	0.16	0.66	0.51	0.74	MD
NHC	0.79	0.76		-0.22	-0.85	-0.57	0.54	0.89	0.73	0.89	NHC
AVAH	0.08	-0.38	-0.22		0.37	0.41	0.21	-0.35	0.09	-0.52	AVAH
ACHC	-0.59	-0.86	-0.85	0.37		0.77	-0.3	-0.86	-0.61	-0.86	ACHC
USPH	-0.16	-0.87	-0.57	0.41	0.77		0.15	-0.45	-0.26	-0.65	USPH
MNKD	0.6	0.16	0.54	0.21	-0.3	0.15		0.6	0.62	0.3	MNKD
OMCL	0.72	0.66	0.89	-0.35	-0.86	-0.45	0.6		0.65	0.87	OMCL
HCSG	0.7	0.51	0.73	0.09	-0.61	-0.26	0.62	0.65		0.54	HCSG
LFST	0.62	0.74	0.89	-0.52	-0.86	-0.65	0.3	0.87	0.54		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

OMCL	+ 0.89	NHC
LFST	+ 0.89	NHC
LFST	+ 0.87	OMCL
NHC	+ 0.79	SEM
USPH	+ 0.77	ACHC
NHC	+ 0.76	MD

High negative correlations

USPH	- 0.87	MD
LFST	- 0.86	ACHC
OMCL	- 0.86	ACHC
ACHC	- 0.86	MD
ACHC	- 0.85	NHC
LFST	- 0.65	USPH

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	1.38	0.17	0.12	0.20	1.17	(1.61)	3.49	(2.62)	13.50
MD	1.84	0.38	0.17	0.64	1.69	(2.03)	3.16	(2.69)	28.51
NHC	1.20	0.04	0.01	0.14	1.47	(1.19)	2.29	(2.20)	9.28
AVAH	2.03	(0.12)	0.00	(39.10)	0.00	0.00	4.92	(3.80)	13.00
ACHC	2.41	(0.88)	0.00	(0.52)	0.00	0.00	5.67	(6.87)	19.35
USPH	1.58	(0.12)	(0.02)	0.00	2.87	(1.45)	3.72	(3.27)	14.51
MNKD	1.79	0.04	(0.02)	(0.04)	2.29	(2.11)	4.48	(3.73)	16.52
OMCL	1.95	0.64	0.39	0.77	1.19	(2.55)	5.25	(2.43)	17.09
HCSG	1.65	0.18	0.06	0.32	2.27	(1.80)	3.74	(3.39)	23.02
LFST	1.80	0.38	0.16	0.77	1.65	(2.14)	2.99	(2.89)	32.28

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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