Goodrx Holdings Correlations

GDRX Stock

USD 4.57 0.15 3.39%

The current 90-days correlation between Goodrx Holdings and Teladoc is 0.13 (i.e., Average diversification). The correlation of Goodrx Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Goodrx Holdings Correlation With Market

Significant diversification

The correlation between Goodrx Holdings and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goodrx Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodrx Holdings. 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.

For more information on how to buy Goodrx Stock please use our How to Invest in Goodrx Holdings guide.

Moving together with Goodrx Stock

0.72	VERO	Venus Concept	Pair Corr
0.73	EDAP	EDAP TMS SA	Pair Corr
0.89	EKSO	Ekso Bionics Holdings	Pair Corr
0.88	ELAB	Elevai Labs, Common	Pair Corr
0.68	ENSG	Ensign Group	Pair Corr
0.71	FEMY	Femasys	Pair Corr
0.77	AGL	agilon health Trending	Pair Corr
0.94	ALC	Alcon AG	Pair Corr
0.94	AMN	AMN Healthcare Services	Pair Corr
0.68	AWH	Aspira Womens Health	Pair Corr
0.86	BAX	Baxter International	Pair Corr

Moving against Goodrx Stock

0.86	ELMD	Electromed	Pair Corr
0.85	GH	Guardant Health	Pair Corr
0.81	DOCS	Doximity	Pair Corr
0.72	DXCM	DexCom Inc	Pair Corr
0.72	ECOR	Electrocore LLC	Pair Corr
0.71	LH	Laboratory	Pair Corr
0.7	VVOS	Vivos Therapeutics	Pair Corr
0.68	OM	Outset Medical	Pair Corr
0.68	ENOV	Enovis Corp	Pair Corr
0.66	EMBC	Embecta Corp	Pair Corr
0.65	VREX	Varex Imaging Corp	Pair Corr
0.54	EHAB	Enhabit	Pair Corr
0.47	EW	Edwards Lifesciences Corp Sell-off Trend	Pair Corr
0.41	MD	Mednax Inc	Pair Corr
0.37	WORX	Scworx Corp	Pair Corr
0.79	CAH	Cardinal Health	Pair Corr
0.68	BSX	Boston Scientific Corp	Pair Corr
0.51	FOXO	FOXO Technologies	Pair Corr
0.38	AHG	Akso Health Group	Pair Corr

Related Correlations Analysis

	TDOC	TALK	ACCD	DOCS	VEEV	PGNY	TXG	DH	NRC	EVH
TDOC		0.67	0.03	0.37	0.59	-0.07	0.15	0.71	0.35	-0.42	TDOC
TALK	0.67		-0.18	0.53	0.63	-0.23	0.05	0.46	0.31	-0.57	TALK
ACCD	0.03	-0.18		0.13	-0.12	0.73	0.03	-0.32	-0.31	-0.25	ACCD
DOCS	0.37	0.53	0.13		0.44	0.04	-0.33	0.13	-0.12	-0.87	DOCS
VEEV	0.59	0.63	-0.12	0.44		-0.24	0.16	0.72	0.47	-0.34	VEEV
PGNY	-0.07	-0.23	0.73	0.04	-0.24		0.29	-0.34	-0.25	-0.02	PGNY
TXG	0.15	0.05	0.03	-0.33	0.16	0.29		0.25	0.3	0.51	TXG
DH	0.71	0.46	-0.32	0.13	0.72	-0.34	0.25		0.6	-0.04	DH
NRC	0.35	0.31	-0.31	-0.12	0.47	-0.25	0.3	0.6		0.27	NRC
EVH	-0.42	-0.57	-0.25	-0.87	-0.34	-0.02	0.51	-0.04	0.27		EVH
	TDOC	TALK	ACCD	DOCS	VEEV	PGNY	TXG	DH	NRC	EVH

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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

PGNY	+ 0.73	ACCD
DH	+ 0.72	VEEV
DH	+ 0.71	TDOC
TALK	+ 0.67	TDOC
VEEV	+ 0.63	TALK
NRC	+ 0.6	DH

High negative correlations

EVH	- 0.87	DOCS
EVH	- 0.57	TALK
EVH	- 0.42	TDOC
DH	- 0.34	PGNY
EVH	- 0.34	VEEV
TXG	- 0.33	DOCS

Risk-Adjusted Indicators

There is a big difference between Goodrx Stock performing well and Goodrx Holdings 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 Goodrx Holdings' 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
TDOC	3.08	0.07	0.02	0.09	3.19	(3.70)	6.28	(5.49)	21.61
TALK	2.72	0.38	0.15	0.51	2.47	(3.29)	5.56	(3.94)	23.43
ACCD	4.16	1.39	0.48	(0.43)	2.04	(6.20)	5.00	(4.76)	105.21
DOCS	2.65	0.43	0.12	0.37	2.78	(2.89)	5.69	(5.22)	43.10
VEEV	1.50	0.04	0.02	0.27	1.96	(1.75)	4.79	(2.75)	13.12
PGNY	2.37	0.45	0.11	0.58	3.70	(2.48)	7.08	(3.05)	24.16
TXG	2.70	(0.06)	0.00	(0.11)	0.00	0.00	5.49	(5.52)	16.51
DH	1.84	(0.15)	0.00	(1.66)	0.00	0.00	3.86	(4.06)	12.70
NRC	2.01	(0.10)	0.00	(0.18)	0.00	0.00	3.87	(4.35)	13.15
EVH	3.58	(1.18)	0.00	0.99	0.00	0.00	5.49	(9.77)	51.11

Goodrx Holdings Corporate Management

Andrew Slutsky	Chief Officer	Profile
Nitin Shingate	Chief Officer	Profile
Babak Azad	Chief Communications	Profile
Whitney Notaro	Vice Relations	Profile

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