ATI Physical Correlations

ATIP Stock

USD 1.51 0.08 5.03%

The current 90-days correlation between ATI Physical Therapy and Lifestance Health Group is 0.07 (i.e., Significant diversification). The correlation of ATI Physical 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ATI Physical Correlation With Market

Good diversification

The correlation between ATI Physical Therapy and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATI Physical Therapy 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 ATI Physical Therapy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with ATI Stock

0.63	FIGS	Figs Inc	Pair Corr
0.78	AGL	agilon health	Pair Corr
0.79	AMN	AMN Healthcare Services	Pair Corr
0.86	EVH	Evolent Health	Pair Corr
0.78	PHG	Koninklijke Philips	Pair Corr
0.72	ADUS	Addus HomeCare	Pair Corr
0.76	ME	23Andme Holding	Pair Corr
0.67	VALN	Valneva SE ADR Downward Rally	Pair Corr
0.74	EXAS	EXACT Sciences	Pair Corr

Moving against ATI Stock

0.9	FOXO	FOXO Technologies	Pair Corr
0.77	ITGR	Integer Holdings Corp	Pair Corr
0.76	DOCS	Doximity	Pair Corr
0.58	ENOV	Enovis Corp	Pair Corr
0.46	VMD	Viemed Healthcare	Pair Corr
0.44	VEEV	Veeva Systems Class	Pair Corr
0.87	CRVL	CorVel Corp Normal Trading	Pair Corr
0.84	MMSI	Merit Medical Systems	Pair Corr
0.73	OMIC	Singular Genomics Systems	Pair Corr
0.69	NXGL	Nexgel Inc	Pair Corr
0.87	EXEL	Exelixis	Pair Corr
0.77	BMY	Bristol Myers Squibb	Pair Corr
0.44	EWTX	Edgewise Therapeutics	Pair Corr

Related Correlations Analysis

	UHS	LFST	SEM	ACHC	SGRY	AIRS	PNTG	AIH	AMED	ENSG
UHS		-0.39	-0.32	0.86	0.76	-0.64	0.66	-0.06	0.73	0.17	UHS
LFST	-0.39		0.32	-0.62	-0.22	0.64	-0.13	0.13	-0.47	-0.05	LFST
SEM	-0.32	0.32		-0.31	-0.39	0.56	-0.23	0.12	-0.52	-0.15	SEM
ACHC	0.86	-0.62	-0.31		0.6	-0.83	0.51	-0.15	0.69	0.2	ACHC
SGRY	0.76	-0.22	-0.39	0.6		-0.36	0.74	-0.01	0.84	0.28	SGRY
AIRS	-0.64	0.64	0.56	-0.83	-0.36		-0.17	0.19	-0.56	-0.08	AIRS
PNTG	0.66	-0.13	-0.23	0.51	0.74	-0.17		-0.01	0.53	0.23	PNTG
AIH	-0.06	0.13	0.12	-0.15	-0.01	0.19	-0.01		0.01	0.47	AIH
AMED	0.73	-0.47	-0.52	0.69	0.84	-0.56	0.53	0.01		0.23	AMED
ENSG	0.17	-0.05	-0.15	0.2	0.28	-0.08	0.23	0.47	0.23		ENSG
	UHS	LFST	SEM	ACHC	SGRY	AIRS	PNTG	AIH	AMED	ENSG

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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

ACHC	+ 0.86	UHS
AMED	+ 0.84	SGRY
SGRY	+ 0.76	UHS
PNTG	+ 0.74	SGRY
AMED	+ 0.73	UHS
AMED	+ 0.69	ACHC

High negative correlations

AIRS	- 0.83	ACHC
AIRS	- 0.64	UHS
ACHC	- 0.62	LFST
AMED	- 0.56	AIRS
AMED	- 0.52	SEM
AMED	- 0.47	LFST

Risk-Adjusted Indicators

There is a big difference between ATI Stock performing well and ATI Physical 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 ATI Physical'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
UHS	1.35	(0.24)	0.00	(0.53)	0.00	0.00	2.22	(4.07)	14.88
LFST	1.70	0.28	0.14	0.39	1.60	(1.96)	4.15	(3.30)	11.88
SEM	1.47	0.07	0.07	0.15	1.56	(1.57)	3.02	(2.50)	14.58
ACHC	2.23	(1.08)	0.00	(0.85)	0.00	0.00	3.36	(5.78)	22.87
SGRY	2.33	(0.37)	0.00	(0.13)	0.00	0.00	3.73	(4.88)	31.36
AIRS	4.63	0.49	0.14	0.23	4.81	(4.94)	12.81	(7.74)	30.40
PNTG	2.17	(0.25)	0.00	(0.06)	0.00	0.00	4.19	(3.97)	13.06
AIH	16.55	2.99	0.11	(0.56)	18.11	(22.04)	56.25	(37.88)	125.38
AMED	0.42	(0.16)	0.00	(0.50)	0.00	0.00	0.61	(0.93)	5.99
ENSG	1.06	0.05	(0.04)	(0.11)	1.65	(1.04)	2.32	(2.11)	10.08

ATI Physical Corporate Management

Augustus Oakes	Chief Officer	Profile
Christopher Thunander	Chief Officer	Profile
Christopher Cox	Chief Officer	Profile
Eimile Tansey	Chief Officer	Profile
Ray Wahl	Chief Officer	Profile
Greg Steil	Founder	Profile

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