Assure Holdings Correlations

Summary

IONMDelisted Stock

USD 0.68 0.08 13.33%

The current 90-days correlation between Assure Holdings Corp and Novo Integrated Sciences is -0.26 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assure Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assure Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assure Holdings Correlation With Market

Good diversification

The correlation between Assure Holdings Corp 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 Assure Holdings Corp 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Assure Stock

0.89	NVOS	Novo Integrated Sciences	Pair Corr
0.65	DWTX	Dogwood Therapeutics, Symbol Change	Pair Corr
0.66	EFTR	Effector Therapeutics	Pair Corr
0.75	EMMA	Emmaus Life Sciences	Pair Corr
0.62	WUHN	Wuhan General Gr	Pair Corr
0.76	KDLYW	Kindly MD, Warrants	Pair Corr

Moving against Assure Stock

0.67	YCBD-PA	cbdMD Inc	Pair Corr
0.64	VAXX	Vaxxinity	Pair Corr
0.51	EPRX	Eupraxia Pharmaceuticals	Pair Corr
0.47	VASO	Vaso Corp	Pair Corr
0.42	ELTP	Elite Pharma	Pair Corr
0.4	CLRD	Clearday	Pair Corr
0.38	ECIA	Encision	Pair Corr
0.82	RCM	R1 RCM Inc	Pair Corr
0.81	BTSGU	BrightSpring Health	Pair Corr
0.78	ATR	AptarGroup	Pair Corr
0.66	FRTX	Fresh Tracks Therapeutics	Pair Corr
0.61	GRCE	Grace Therapeutics, Symbol Change	Pair Corr
0.49	EVLO	Evelo Biosciences	Pair Corr

Related Correlations Analysis

	IMACW	NVOS	AVAH	PIII	AIH	SNDA	ACHC	CCEL	AIRS	PNTG
IMACW		0.73	0.12	0.6	-0.16	0.58	0.7	-0.38	-0.65	0.22	IMACW
NVOS	0.73		-0.16	0.8	-0.14	0.65	0.78	-0.62	-0.69	0.44	NVOS
AVAH	0.12	-0.16		-0.03	0.32	0.12	0.12	0.45	0.17	0.08	AVAH
PIII	0.6	0.8	-0.03		0.14	0.76	0.78	-0.6	-0.65	0.47	PIII
AIH	-0.16	-0.14	0.32	0.14		0.15	-0.11	0.11	0.24	0.05	AIH
SNDA	0.58	0.65	0.12	0.76	0.15		0.66	-0.44	-0.44	0.39	SNDA
ACHC	0.7	0.78	0.12	0.78	-0.11	0.66		-0.64	-0.83	0.54	ACHC
CCEL	-0.38	-0.62	0.45	-0.6	0.11	-0.44	-0.64		0.71	-0.52	CCEL
AIRS	-0.65	-0.69	0.17	-0.65	0.24	-0.44	-0.83	0.71		-0.21	AIRS
PNTG	0.22	0.44	0.08	0.47	0.05	0.39	0.54	-0.52	-0.21		PNTG
	IMACW	NVOS	AVAH	PIII	AIH	SNDA	ACHC	CCEL	AIRS	PNTG

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

PIII	+ 0.8	NVOS
ACHC	+ 0.78	NVOS
ACHC	+ 0.78	PIII
SNDA	+ 0.76	PIII
NVOS	+ 0.73	IMACW
AIRS	+ 0.71	CCEL

High negative correlations

AIRS	- 0.83	ACHC
AIRS	- 0.69	NVOS
AIRS	- 0.65	PIII
AIRS	- 0.65	IMACW
CCEL	- 0.64	ACHC
CCEL	- 0.62	NVOS

Risk-Adjusted Indicators

There is a big difference between Assure Stock performing well and Assure 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 Assure 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
IMACW	45.76	18.43	0.44	(1.10)	26.50	(88.58)	166.67	(69.50)	707.09
NVOS	7.53	(2.41)	0.00	(1.25)	0.00	0.00	11.54	(17.57)	90.12
AVAH	2.76	(0.08)	0.01	0.08	3.31	(3.03)	5.69	(5.31)	20.22
PIII	5.15	(1.20)	0.00	(0.47)	0.00	0.00	10.00	(9.30)	65.63
AIH	16.55	1.94	0.10	0.52	18.11	(22.04)	56.25	(37.88)	125.38
SNDA	2.41	(0.23)	0.00	(0.04)	0.00	0.00	5.59	(4.77)	12.89
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
CCEL	3.17	0.45	0.12	(35.23)	2.48	(4.81)	7.14	(4.42)	30.49
AIRS	4.66	0.45	0.14	0.24	4.81	(5.01)	12.81	(7.74)	30.40
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06

View Assure Holdings Related Equities

IMAC Holdings Novo Integrated Sciences Aveanna Healthcare Holdings P3 Health Partners Aesthetic Medical Intl Sonida Senior Living Acadia Healthcare CryoCell International Airsculpt Technologies Pennant Group Amedisys Oncology Institute Cano Health Lifestance Health Group agilon health

Risk & Return

Correlation

Assure Holdings Corporate Management

John Price	CFO Sec	Profile
Brian McDonald	Chief Officer	Profile
Craig Caviness	VP Devel	Profile
Jerod Powell	Chief Officer	Profile
Paul Webster	Interim Management	Profile
Scott Kozak	Director Relations	Profile

Still Interested in Assure Holdings Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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