BrightSpring Health Correlations

BTSGU Stock

135.36 0.05 0.04%

The current 90-days correlation between BrightSpring Health and Oscar Health is 0.32 (i.e., Weak diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

BrightSpring Health Correlation With Market

Very poor diversification

The correlation between BrightSpring Health Services and DJI is 0.89 (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.

Build AI portfolio with BrightSpring Stock

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

Moving together with BrightSpring Stock

0.98	BTSG	BrightSpring Health Earnings Call This Week	Pair Corr
0.77	VNDA	Vanda Pharmaceuticals Downward Rally	Pair Corr
0.72	AROW	Arrow Financial	Pair Corr
0.65	ESIFF	ESG Global Impact	Pair Corr
0.82	MOG-A	Moog Inc	Pair Corr
0.69	RNECF	Renesas Electronics	Pair Corr
0.83	NEWP	New Pacific Metals Buyout Trend	Pair Corr
0.74	AUOTY	AU Optronics Corp	Pair Corr
0.78	IPSC	Century Therapeutics	Pair Corr
0.71	VTDRF	Vantage Drilling Int	Pair Corr
0.69	BMYMP	Bristol Myers Squibb	Pair Corr
0.66	SSEZY	SSE PLC ADR	Pair Corr
0.68	CE	Celanese	Pair Corr
0.74	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.61	MGNC	Mag Magna Corp	Pair Corr
0.68	PUPOF	Public PowerSA	Pair Corr
0.61	GROW	US Global Investors	Pair Corr
0.73	NVST	Envista Holdings Corp	Pair Corr
0.76	ALRS	Alerus Financial Corp	Pair Corr

Moving against BrightSpring Stock

0.81	MTHRY	M3 Inc	Pair Corr
0.73	VEEV	Veeva Systems Class	Pair Corr
0.71	HQY	HealthEquity	Pair Corr
0.6	ENSV	Enservco Earnings Call This Week	Pair Corr
0.5	MTHRF	M3 Inc	Pair Corr

Related Correlations Analysis

	OSCR	HNGE	GKOS	ARWR	BLCO	TFX	MMSI	PTCT	ALKS	ACLX
OSCR		0.72	-0.02	0.11	0.15	0.31	0.46	0.59	-0.46	-0.17	OSCR
HNGE	0.72		-0.2	-0.02	0.03	0.71	0.72	0.52	-0.87	-0.07	HNGE
GKOS	-0.02	-0.2		0.8	0.72	-0.03	-0.21	-0.23	0.45	-0.75	GKOS
ARWR	0.11	-0.02	0.8		0.81	0.27	-0.1	-0.23	0.25	-0.84	ARWR
BLCO	0.15	0.03	0.72	0.81		0.17	-0.05	-0.33	0.23	-0.84	BLCO
TFX	0.31	0.71	-0.03	0.27	0.17		0.61	0.27	-0.71	-0.31	TFX
MMSI	0.46	0.72	-0.21	-0.1	-0.05	0.61		0.57	-0.74	-0.09	MMSI
PTCT	0.59	0.52	-0.23	-0.23	-0.33	0.27	0.57		-0.47	0.1	PTCT
ALKS	-0.46	-0.87	0.45	0.25	0.23	-0.71	-0.74	-0.47		-0.13	ALKS
ACLX	-0.17	-0.07	-0.75	-0.84	-0.84	-0.31	-0.09	0.1	-0.13		ACLX
	OSCR	HNGE	GKOS	ARWR	BLCO	TFX	MMSI	PTCT	ALKS	ACLX

Please upgrade your account to get full access to Macroaxis premium features

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

BLCO	+ 0.81	ARWR
ARWR	+ 0.8	GKOS
HNGE	+ 0.72	OSCR
MMSI	+ 0.72	HNGE
BLCO	+ 0.72	GKOS
TFX	+ 0.71	HNGE

High negative correlations

ALKS	- 0.87	HNGE
ACLX	- 0.84	BLCO
ACLX	- 0.84	ARWR
ACLX	- 0.75	GKOS
ALKS	- 0.74	MMSI
ALKS	- 0.71	TFX

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
OSCR	2.96	(0.08)	(0.02)	0.01	3.48	(3.38)	5.59	(5.37)	30.41
HNGE	2.42	0.02	0.00	0.11	2.97	(2.57)	4.16	(4.39)	18.62
GKOS	2.16	0.41	0.18	0.54	1.93	(2.70)	5.29	(3.93)	16.69
ARWR	3.32	0.64	0.19	0.44	2.91	(3.77)	10.85	(5.66)	32.02
BLCO	1.27	0.14	0.10	0.20	1.21	(1.56)	3.17	(2.93)	6.84
TFX	1.80	0.09	0.03	0.18	2.69	(2.01)	3.55	(2.93)	22.60
MMSI	1.32	(0.10)	0.00	(1.07)	0.00	0.00	3.44	(2.64)	11.35
PTCT	1.50	(0.16)	0.00	(0.08)	0.00	0.00	3.41	(3.49)	11.90
ALKS	1.44	0.06	0.05	0.12	1.50	(1.75)	3.16	(2.67)	11.25
ACLX	2.20	(0.45)	0.00	2.39	0.00	0.00	4.69	(4.57)	17.58

BrightSpring Health Corporate Management

Steven Esq	Corporate Officer	Profile
Lisa Nalley	Chief Resources	Profile
BSN CHCE	Chief Officer	Profile
Phani Konduru	Chief Officer	Profile
William MD	Senior Affairs	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC