DocGo Correlations

DCGO Stock

USD 4.89 0.04 0.82%

The current 90-days correlation between DocGo Inc and Enhabit is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DocGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocGo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DocGo Correlation With Market

Average diversification

The correlation between DocGo Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DocGo Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with DocGo Stock

0.63	EHAB	Enhabit	Pair Corr
0.74	CAH	Cardinal Health	Pair Corr
0.88	LNSR	LENSAR Inc	Pair Corr
0.76	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr

Moving against DocGo Stock

0.81	UPC	Universe Pharmaceuticals	Pair Corr
0.74	TFX	Teleflex Incorporated	Pair Corr
0.74	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.63	PNTG	Pennant Group	Pair Corr
0.59	MASS	908 Devices	Pair Corr
0.58	ENSG	Ensign Group	Pair Corr
0.55	JNJ	Johnson Johnson	Pair Corr
0.51	MRK	Merck Company Earnings Call This Week	Pair Corr
0.43	NHC	National HealthCare	Pair Corr
0.43	SNDA	Sonida Senior Living	Pair Corr
0.37	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.33	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.77	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.71	AQST	Aquestive Therapeutics	Pair Corr
0.7	301367	BMC Medical	Pair Corr
0.64	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.62	688198	Beijing Balance Medical	Pair Corr
0.61	ABBV	AbbVie Inc Buyout Trend	Pair Corr
0.55	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.54	300869	Contec Medical Systems	Pair Corr
0.49	301370	GKHT Medical Technology	Pair Corr
0.45	VTI	Visioneering Technologies	Pair Corr
0.44	CPHI	China Pharma Holdings	Pair Corr
0.42	600587	Shinva Medical Instrument	Pair Corr
0.38	SNOA	Sonoma Pharmaceuticals Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV
EHAB		-0.34	-0.4	-0.41	-0.21	0.34	0.06	0.26	-0.49	-0.24	EHAB
ENSG	-0.34		0.92	0.87	0.68	0.22	0.74	0.41	0.64	0.59	ENSG
PNTG	-0.4	0.92		0.93	0.84	0.3	0.76	0.49	0.52	0.73	PNTG
INNV	-0.41	0.87	0.93		0.8	0.21	0.69	0.43	0.66	0.73	INNV
NHC	-0.21	0.68	0.84	0.8		0.49	0.79	0.59	0.21	0.91	NHC
SEM	0.34	0.22	0.3	0.21	0.49		0.7	0.85	-0.39	0.34	SEM
EHC	0.06	0.74	0.76	0.69	0.79	0.7		0.75	0.14	0.67	EHC
MD	0.26	0.41	0.49	0.43	0.59	0.85	0.75		-0.14	0.37	MD
CCM	-0.49	0.64	0.52	0.66	0.21	-0.39	0.14	-0.14		0.28	CCM
MODV	-0.24	0.59	0.73	0.73	0.91	0.34	0.67	0.37	0.28		MODV
	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV

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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

INNV	+ 0.93	PNTG
PNTG	+ 0.92	ENSG
MODV	+ 0.91	NHC
INNV	+ 0.87	ENSG
MD	+ 0.85	SEM
NHC	+ 0.84	PNTG

High negative correlations

CCM	- 0.49	EHAB
INNV	- 0.41	EHAB
PNTG	- 0.4	EHAB
CCM	- 0.39	SEM
ENSG	- 0.34	EHAB
MODV	- 0.24	EHAB

Risk-Adjusted Indicators

There is a big difference between DocGo Stock performing well and DocGo 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 DocGo'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
EHAB	1.82	0.26	0.10	0.60	1.80	(2.22)	4.08	(3.56)	17.54
ENSG	1.05	(0.16)	0.00	(0.36)	0.00	0.00	1.86	(2.09)	10.08
PNTG	1.70	(0.36)	0.00	(1.78)	0.00	0.00	3.76	(3.68)	8.51
INNV	2.44	(0.63)	0.00	(0.48)	0.00	0.00	3.79	(5.51)	22.97
NHC	1.50	(0.24)	0.00	(0.34)	0.00	0.00	3.00	(3.27)	13.46
SEM	1.79	0.20	0.08	0.42	1.94	(2.04)	3.61	(3.08)	16.75
EHC	0.92	0.07	0.02	0.25	1.02	(0.99)	1.72	(1.93)	10.30
MD	1.98	0.20	0.08	0.54	1.86	(2.34)	3.63	(3.02)	27.59
CCM	5.22	(0.28)	0.00	(0.47)	0.00	0.00	11.55	(9.82)	50.12
MODV	5.45	(1.66)	0.00	(0.62)	0.00	0.00	7.43	(11.70)	60.89

DocGo Corporate Management

Anthony Capone	President	Profile
Ely Tendler	Secretary Counsel	Profile
Aaron Severs	Chief Officer	Profile
Mike Cole	Vice Relations	Profile
Lee Bienstock	Chief Officer	Profile
Andre CPA	Executive Strategy	Profile

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