MEDIFAST INC Correlations

MED Stock

USD 18.50 0.20 1.09%

The current 90-days correlation between MEDIFAST INC and Bright Horizons Family is -0.22 (i.e., Very good diversification). The correlation of MEDIFAST INC 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.

MEDIFAST INC Correlation With Market

Significant diversification

The correlation between MEDIFAST INC and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEDIFAST INC and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEDIFAST 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 income.

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

Moving against MEDIFAST Stock

0.43	HELE	Helen of Troy	Pair Corr
0.34	TANH	Tantech Holdings	Pair Corr

Related Correlations Analysis

	ROL	CSV	SCI	BFAM	HRB	DSEY	MCW	TRNR	EM
ROL		0.0	0.19	0.05	0.37	-0.38	-0.06	0.28	-0.42	ROL
CSV	0.0		0.95	-0.82	-0.48	0.49	0.94	-0.47	0.0	CSV
SCI	0.19	0.95		-0.72	-0.35	0.32	0.86	-0.37	-0.22	SCI
BFAM	0.05	-0.82	-0.72		0.69	-0.69	-0.81	0.61	-0.28	BFAM
HRB	0.37	-0.48	-0.35	0.69		-0.8	-0.47	0.68	-0.43	HRB
DSEY	-0.38	0.49	0.32	-0.69	-0.8		0.57	-0.89	0.61	DSEY
MCW	-0.06	0.94	0.86	-0.81	-0.47	0.57		-0.51	0.14	MCW
TRNR	0.28	-0.47	-0.37	0.61	0.68	-0.89	-0.51		-0.39	TRNR
EM	-0.42	0.0	-0.22	-0.28	-0.43	0.61	0.14	-0.39		EM
	ROL	CSV	SCI	BFAM	HRB	DSEY	MCW	TRNR	EM

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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

SCI	+ 0.95	CSV
MCW	+ 0.94	CSV
MCW	+ 0.86	SCI
HRB	+ 0.69	BFAM
TRNR	+ 0.68	HRB
TRNR	+ 0.61	BFAM

High negative correlations

TRNR	- 0.89	DSEY
BFAM	- 0.82	CSV
MCW	- 0.81	BFAM
DSEY	- 0.8	HRB
BFAM	- 0.72	SCI
DSEY	- 0.69	BFAM

Risk-Adjusted Indicators

There is a big difference between MEDIFAST Stock performing well and MEDIFAST INC 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 MEDIFAST INC'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
ROL	0.94	(0.03)	(0.05)	0.01	1.77	(0.81)	1.45	(2.26)	9.52
CSV	1.19	0.27	0.20	0.59	0.85	(1.41)	2.84	(2.10)	16.85
SCI	0.88	0.16	0.13	0.41	0.73	(1.12)	2.11	(1.37)	8.36
BFAM	1.14	(0.31)	0.00	(3.20)	0.00	0.00	1.71	(2.27)	15.27
HRB	1.05	(0.29)	0.00	(0.38)	0.00	0.00	2.08	(2.11)	11.70
DSEY	0.19	0.04	(0.15)	1.13	0.00	(0.29)	0.49	(0.36)	1.22
MCW	1.68	0.23	0.13	0.33	1.41	(2.02)	4.63	(3.20)	16.56
TRNR	8.67	(2.97)	0.00	(3.10)	0.00	0.00	13.89	(20.17)	74.44
EM	3.23	0.04	0.00	0.15	3.21	(4.73)	7.04	(5.66)	36.17

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