Community Health Correlations

CYH Stock

USD 3.13 0.07 2.19%

The current 90-days correlation between Community Health Systems and Compass Pathways Plc is 0.06 (i.e., Significant diversification). The correlation of Community 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.

Community Health Correlation With Market

Good diversification

The correlation between Community Health Systems and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Health Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Community Stock

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

Moving together with Community Stock

0.67

HIMS

Hims Hers Health

Pair Corr

Moving against Community Stock

0.61	HSIC	Henry Schein	Pair Corr
0.58	FLGT	Fulgent Genetics	Pair Corr
0.52	CAH	Cardinal Health	Pair Corr
0.43	GH	Guardant Health Sell-off Trend	Pair Corr
0.37	SHL	Sonic Healthcare	Pair Corr
0.59	SNPHF	Santen Pharmaceutical Earnings Call Next Week	Pair Corr
0.53	BKKPF	Bangkok Bank Public	Pair Corr
0.42	OCA	Oceania Healthcare	Pair Corr
0.37	MGPUF	MG Plc	Pair Corr
0.34	MZDAF	Mazda Motor	Pair Corr
0.34	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	CMPS	TALK	SNDA	AVNS	EHAB	INNV	AUNA	VREX	TOI	FDMT
CMPS		0.56	-0.04	0.5	0.67	0.44	0.0	0.74	0.34	-0.63	CMPS
TALK	0.56		0.65	0.5	0.68	0.5	-0.52	0.67	-0.31	-0.81	TALK
SNDA	-0.04	0.65		0.19	0.35	0.45	-0.8	0.12	-0.74	-0.51	SNDA
AVNS	0.5	0.5	0.19		0.67	0.6	0.02	0.74	-0.12	-0.41	AVNS
EHAB	0.67	0.68	0.35	0.67		0.65	-0.41	0.71	-0.28	-0.64	EHAB
INNV	0.44	0.5	0.45	0.6	0.65		-0.36	0.5	-0.33	-0.56	INNV
AUNA	0.0	-0.52	-0.8	0.02	-0.41	-0.36		0.04	0.69	0.34	AUNA
VREX	0.74	0.67	0.12	0.74	0.71	0.5	0.04		0.08	-0.63	VREX
TOI	0.34	-0.31	-0.74	-0.12	-0.28	-0.33	0.69	0.08		0.13	TOI
FDMT	-0.63	-0.81	-0.51	-0.41	-0.64	-0.56	0.34	-0.63	0.13		FDMT
	CMPS	TALK	SNDA	AVNS	EHAB	INNV	AUNA	VREX	TOI	FDMT

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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

VREX	+ 0.74	CMPS
VREX	+ 0.74	AVNS
VREX	+ 0.71	EHAB
TOI	+ 0.69	AUNA
EHAB	+ 0.68	TALK
EHAB	+ 0.67	CMPS

High negative correlations

FDMT	- 0.81	TALK
AUNA	- 0.8	SNDA
TOI	- 0.74	SNDA
FDMT	- 0.64	EHAB
FDMT	- 0.63	VREX
FDMT	- 0.63	CMPS

Risk-Adjusted Indicators

There is a big difference between Community Stock performing well and Community 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 Community 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
CMPS	3.34	0.14	0.02	0.27	4.46	(3.34)	8.25	(5.73)	28.62
TALK	2.35	0.55	0.22	0.42	2.25	(2.80)	4.69	(4.72)	18.78
SNDA	1.29	0.29	0.22	0.92	0.77	(1.60)	3.04	(1.70)	17.12
AVNS	1.62	0.14	0.07	0.23	1.74	(1.99)	4.68	(3.06)	9.85
EHAB	1.80	0.36	0.14	1.51	1.80	(2.05)	4.81	(3.40)	11.79
INNV	4.01	0.20	0.04	0.25	5.07	(4.29)	7.78	(7.68)	32.32
AUNA	2.10	(0.21)	0.00	(0.24)	0.00	0.00	4.65	(4.06)	14.81
VREX	1.74	0.20	0.07	0.22	3.18	(1.74)	4.43	(3.53)	18.19
TOI	4.07	(0.40)	0.00	(0.18)	0.00	0.00	6.53	(8.31)	42.16
FDMT	4.10	(0.33)	0.00	0.57	0.00	0.00	8.07	(9.30)	33.45

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