DocGo Correlations

DCGO Stock

USD 4.30 0.03 0.69%

The current 90-days correlation between DocGo Inc and Enhabit is 0.02 (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

Very weak diversification

The correlation between DocGo Inc and DJI is 0.5 (i.e., Very weak 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

0.88	LH	Laboratory	Pair Corr
0.77	VREX	Varex Imaging Corp	Pair Corr
0.79	XAIR	Beyond Air	Pair Corr
0.82	CAH	Cardinal Health	Pair Corr
0.77	LNSR	LENSAR Inc	Pair Corr
0.78	MMSI	Merit Medical Systems	Pair Corr
0.72	RDNT	RadNet Inc	Pair Corr
0.84	ATEC	Alphatec Holdings Buyout Trend	Pair Corr

Moving against DocGo Stock

0.74	TFX	Teleflex Incorporated	Pair Corr
0.7	ZJYL	JIN MEDICAL INTERNATIONAL	Pair Corr
0.67	GCTK	GlucoTrack	Pair Corr
0.66	XTNT	Xtant Medical Holdings	Pair Corr
0.59	MASS	908 Devices	Pair Corr
0.57	AHG	Akso Health Group	Pair Corr
0.56	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.5	FEMY	Femasys	Pair Corr
0.49	CNC	Centene Corp Sell-off Trend	Pair Corr
0.49	ICUI	ICU Medical Downward Rally	Pair Corr
0.42	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.36	MOH	Molina Healthcare	Pair Corr
0.76	ACET	Adicet Bio Buyout Trend	Pair Corr
0.63	A	Agilent Technologies	Pair Corr
0.58	NEUE	NeueHealth Symbol Change	Pair Corr
0.51	TNDM	Tandem Diabetes Care	Pair Corr
0.48	NYXH	Nyxoah	Pair Corr
0.43	VALN	Valneva SE ADR	Pair Corr
0.37	MXCT	MaxCyte	Pair Corr

Related Correlations Analysis

	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV
EHAB		0.01	0.3	0.4	0.71	0.24	-0.35	-0.4	-0.4	0.33	EHAB
ENSG	0.01		0.28	0.48	-0.14	0.1	-0.12	-0.21	0.22	0.04	ENSG
PNTG	0.3	0.28		0.55	0.06	0.31	-0.41	-0.53	0.34	-0.25	PNTG
INNV	0.4	0.48	0.55		0.22	0.5	-0.45	-0.47	0.4	0.36	INNV
NHC	0.71	-0.14	0.06	0.22		0.25	0.06	0.06	-0.45	0.43	NHC
SEM	0.24	0.1	0.31	0.5	0.25		-0.06	-0.01	0.06	0.02	SEM
EHC	-0.35	-0.12	-0.41	-0.45	0.06	-0.06		0.9	-0.15	-0.36	EHC
MD	-0.4	-0.21	-0.53	-0.47	0.06	-0.01	0.9		-0.14	-0.29	MD
CCM	-0.4	0.22	0.34	0.4	-0.45	0.06	-0.15	-0.14		-0.12	CCM
MODV	0.33	0.04	-0.25	0.36	0.43	0.02	-0.36	-0.29	-0.12		MODV
	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MD	+ 0.9	EHC
NHC	+ 0.71	EHAB
INNV	+ 0.55	PNTG
SEM	+ 0.5	INNV
INNV	+ 0.48	ENSG
MODV	+ 0.43	NHC

High negative correlations

MD	- 0.53	PNTG
MD	- 0.47	INNV
CCM	- 0.45	NHC
EHC	- 0.45	INNV
EHC	- 0.41	PNTG
CCM	- 0.4	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	1.89	(0.14)	0.00	(0.21)	0.00	0.00	5.22	(4.56)	11.79
ENSG	1.06	0.03	(0.08)	0.02	1.64	(1.03)	2.32	(2.11)	10.08
PNTG	2.18	(0.31)	0.00	(0.09)	0.00	0.00	4.12	(3.97)	12.42
INNV	2.16	(0.60)	0.00	(0.23)	0.00	0.00	4.23	(4.81)	11.60
NHC	1.49	(0.26)	0.00	(0.03)	0.00	0.00	3.12	(3.57)	11.56
SEM	2.23	(0.57)	0.00	(2.27)	0.00	0.00	2.92	(2.51)	56.83
EHC	0.89	0.16	0.07	0.57	0.83	(0.97)	1.74	(1.86)	9.75
MD	1.97	0.26	0.19	0.28	1.47	(2.37)	3.63	(2.85)	27.59
CCM	4.09	(0.19)	0.00	0.25	0.00	0.00	10.40	(8.15)	41.12
MODV	4.55	(0.08)	0.00	(0.21)	0.00	0.00	7.43	(8.25)	65.08

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

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

2024 Macroaxis LLC