Enhabit Correlations

EHAB Stock

USD 7.56 0.09 1.20%

The current 90-days correlation between Enhabit and Pennant Group is 0.38 (i.e., Weak diversification). The correlation of Enhabit 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.

Enhabit Correlation With Market

Weak diversification

The correlation between Enhabit and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enhabit 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 Enhabit. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade Enhabit Stock refer to our How to Trade Enhabit Stock guide.

Moving together with Enhabit Stock

0.61	CI	Cigna Corp	Pair Corr
0.61	ELAB	Elevai Labs, Common	Pair Corr
0.62	EMBC	Embecta Corp	Pair Corr
0.62	ENOV	Enovis Corp	Pair Corr
0.67	FLGT	Fulgent Genetics	Pair Corr

Moving against Enhabit Stock

0.57	ELMD	Electromed	Pair Corr
0.49	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.36	MD	Mednax Inc	Pair Corr
0.31	DOCS	Doximity	Pair Corr
0.68	BVS	Bioventus	Pair Corr
0.59	BSX	Boston Scientific Corp	Pair Corr
0.38	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.33	FEMY	Femasys	Pair Corr
0.32	AMS	American Shared Hospital	Pair Corr

Related Correlations Analysis

	ENSG	PNTG	INNV	NHC	SEM	EHC	ACHC	ADUS	CCM	HCSG
ENSG		0.24	0.43	-0.15	-0.19	-0.05	0.24	0.24	0.18	0.17	ENSG
PNTG	0.24		0.5	0.11	-0.28	-0.35	0.54	0.82	0.3	-0.05	PNTG
INNV	0.43	0.5		0.31	-0.23	-0.39	0.62	0.75	0.36	-0.07	INNV
NHC	-0.15	0.11	0.31		0.61	-0.02	0.29	0.2	-0.41	0.43	NHC
SEM	-0.19	-0.28	-0.23	0.61		0.57	-0.34	-0.32	-0.64	0.78	SEM
EHC	-0.05	-0.35	-0.39	-0.02	0.57		-0.84	-0.5	-0.11	0.56	EHC
ACHC	0.24	0.54	0.62	0.29	-0.34	-0.84		0.69	-0.02	-0.28	ACHC
ADUS	0.24	0.82	0.75	0.2	-0.32	-0.5	0.69		0.41	-0.19	ADUS
CCM	0.18	0.3	0.36	-0.41	-0.64	-0.11	-0.02	0.41		-0.53	CCM
HCSG	0.17	-0.05	-0.07	0.43	0.78	0.56	-0.28	-0.19	-0.53		HCSG
	ENSG	PNTG	INNV	NHC	SEM	EHC	ACHC	ADUS	CCM	HCSG

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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

ADUS	+ 0.82	PNTG
HCSG	+ 0.78	SEM
ADUS	+ 0.75	INNV
ADUS	+ 0.69	ACHC
ACHC	+ 0.62	INNV
SEM	+ 0.61	NHC

High negative correlations

ACHC	- 0.84	EHC
CCM	- 0.64	SEM
HCSG	- 0.53	CCM
ADUS	- 0.5	EHC
CCM	- 0.41	NHC
EHC	- 0.39	INNV

Risk-Adjusted Indicators

There is a big difference between Enhabit Stock performing well and Enhabit 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 Enhabit'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
ENSG	1.06	0.03	(0.07)	(0.01)	1.63	(1.04)	2.32	(2.11)	10.08
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06
INNV	2.19	(0.53)	0.00	(0.16)	0.00	0.00	4.28	(4.81)	11.60
NHC	1.53	(0.24)	0.00	(0.01)	0.00	0.00	3.12	(3.57)	11.56
SEM	1.48	0.05	0.06	0.15	1.56	(1.60)	3.02	(2.50)	14.58
EHC	0.90	0.14	0.06	0.48	0.84	(0.97)	1.76	(1.86)	9.75
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
ADUS	1.20	(0.23)	0.00	(0.08)	0.00	0.00	2.50	(2.48)	7.74
CCM	3.96	(0.31)	0.00	0.30	0.00	0.00	7.85	(8.15)	41.12
HCSG	1.64	0.02	0.02	0.13	2.31	(1.64)	3.41	(3.52)	11.71

Enhabit Corporate Management

Mark Brewer	Chief Officer	Profile
Dylan Black	General Secretary	Profile
RN BSN	Executive Operations	Profile
Tanya Marion	Chief Officer	Profile
PT MBA	Ex Strategy	Profile
Langham MBA	Executive Strategy	Profile
Dan Peoples	Ex Marketing	Profile

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