Cross Country Correlations

Stocks . USA . 
Stock . Cross Country Healthcare
CCRN Stock  USD 10.38  0.17  1.67%   
The current 90-days correlation between Cross Country Healthcare and ASGN Inc is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cross Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cross Country Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cross Country Correlation With Market

Modest diversification

The correlation between Cross Country Healthcare and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cross Country Healthcare 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 Cross Country Healthcare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cross Stock

  0.77CI Cigna CorpPairCorr
  0.76VERO Venus ConceptPairCorr
  0.72EDAP EDAP TMS SAPairCorr
  0.68EHAB EnhabitPairCorr
  0.83EKSO Ekso Bionics HoldingsPairCorr
  0.86ELAB Elevai Labs, CommonPairCorr
  0.83FLGT Fulgent GeneticsPairCorr
  0.94AGL agilon healthPairCorr
  0.74ALC Alcon AGPairCorr
  0.94AMN AMN Healthcare ServicesPairCorr
  0.82BAX Baxter InternationalPairCorr

Moving against Cross Stock

  0.92ELMD ElectromedPairCorr
  0.86ECOR Electrocore LLCPairCorr
  0.83MD Mednax IncPairCorr
  0.79DOCS DoximityPairCorr
  0.71VREX Varex Imaging CorpPairCorr
  0.54OM Outset MedicalPairCorr
  0.38DXCM DexCom IncPairCorr
  0.37VEEV Veeva Systems ClassPairCorr
  0.36LH LaboratoryPairCorr
  0.84BSX Boston Scientific CorpPairCorr
  0.57BVS BioventusPairCorr
  0.52ABT Abbott Laboratories Fiscal Year End 22nd of January 2025 PairCorr
  0.41XAIR Beyond AirPairCorr

Related Correlations Analysis

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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   
CENTA
+ 0.93
KFRC
AMN
+ 0.83
KELYA
AMN
+ 0.54
KFRC
CENTA
+ 0.44
AMN
KELYA
+ 0.42
ASGN
AMN
+ 0.28
ASGN
  
High negative correlations   
CENTA
- 0.06
ASGN

Risk-Adjusted Indicators

There is a big difference between Cross Stock performing well and Cross Country 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 Cross Country'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.

Cross Country Corporate Management

Karen VargaSinkaDirector CommunicationsProfile
Joshua VogelVice RelationsProfile
Colin MSChief OfficerProfile
MBA JDGroup DeliveryProfile
Daniel WhiteChief OfficerProfile
III CPASenior OfficerProfile
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