BrightSpring Health Correlations
| BTSG Stock | 40.13 0.67 1.64% |
The correlation of BrightSpring 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.
BrightSpring Health Correlation With Market
Very poor diversification
The correlation between BrightSpring Health Services and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BrightSpring Health Services and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with BrightSpring Stock
| 0.62 | CI | Cigna Corp | PairCorr |
| 0.72 | X34 | ENHABIT INC DL Earnings Call This Week | PairCorr |
| 0.74 | GD6 | Ramsay Gnrale de Earnings Call Tomorrow | PairCorr |
| 0.61 | ANCR | Animalcare Group Plc Earnings Call This Week | PairCorr |
| 0.7 | EHAB | Enhabit Earnings Call This Week | PairCorr |
| 0.68 | CLARI | Clariane SE | PairCorr |
| 0.65 | FRE | Fresenius SE | PairCorr |
| 0.77 | 636 | Sienna Senior Living | PairCorr |
| 0.63 | BKD | Brookdale Senior Living | PairCorr |
| 0.67 | CAH | Cardinal Health | PairCorr |
| 0.7 | CNC | Centene Corp | PairCorr |
| 0.66 | CON | Concentra Group Holdings | PairCorr |
Moving against BrightSpring Stock
| 0.61 | MD | Mednax Inc | PairCorr |
| 0.38 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.37 | ELM | Element Lifestyle | PairCorr |
| 0.33 | CV | CapsoVision Common Stock | PairCorr |
| 0.69 | PXS | Paragon Care Limited | PairCorr |
| 0.65 | KDA | KDA Group | PairCorr |
| 0.61 | FLGT | Fulgent Genetics | PairCorr |
| 0.5 | WGRX | Wellgistics Health Common | PairCorr |
| 0.73 | HQY | HealthEquity | PairCorr |
| 0.54 | EHC | Encompass Health Corp | PairCorr |
Related Correlations Analysis
| 0.0 | 0.05 | 0.05 | 0.0 | 0.27 | 0.0 | WEQL | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 1.0 | NWCI | ||
| 0.05 | 0.0 | 0.14 | 0.0 | 0.14 | 0.0 | FPMI | ||
| 0.05 | 0.0 | 0.14 | 0.0 | 0.4 | 0.0 | PAOG | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | 1.0 | RBSH | ||
| 0.27 | 0.0 | 0.14 | 0.4 | 0.0 | 0.0 | NMXS | ||
| 0.0 | 1.0 | 0.0 | 0.0 | 1.0 | 0.0 | SNNAQ | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between BrightSpring Stock performing well and BrightSpring 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 BrightSpring 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEQL | 86.59 | 46.47 | 0.00 | (1.21) | 0.00 | 0.00 | 2,993 | |||
| NWCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FPMI | 3.17 | 0.73 | 0.00 | 0.21 | 0.00 | 0.00 | 100.00 | |||
| PAOG | 10.74 | 0.90 | 0.09 | 0.24 | 9.77 | 25.00 | 78.57 | |||
| RBSH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NMXS | 7.47 | 4.30 | 0.00 | (1.12) | 0.00 | 0.00 | 200.00 | |||
| SNNAQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
BrightSpring Health Corporate Management
| Steven Esq | Corporate Officer | Profile | |
| Lisa Nalley | Chief Resources | Profile | |
| Meghan Kinnan | Senior Care | Profile | |
| BSN CHCE | Chief Officer | Profile | |
| Jennifer Phipps | Chief Officer | Profile | |
| Phani Konduru | Chief Officer | Profile | |
| William MD | Senior Affairs | Profile |