MultiPlan Correlations

MPLN Stock

USD 19.44 2.92 17.68%

The current 90-days correlation between MultiPlan and Nutex Health is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MultiPlan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MultiPlan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MultiPlan Correlation With Market

Significant diversification

The correlation between MultiPlan and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MultiPlan 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 MultiPlan. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in MultiPlan Stock, please use our How to Invest in MultiPlan guide.

Moving together with MultiPlan Stock

0.65	AHG	Akso Health Group	Pair Corr
0.64	XTNT	Xtant Medical Holdings	Pair Corr
0.78	XYLO	Xylo Technologies Symbol Change	Pair Corr
0.61	LNSR	LENSAR Inc	Pair Corr
0.71	MBOT	Microbot Medical	Pair Corr
0.74	TNDM	Tandem Diabetes Care	Pair Corr

Moving against MultiPlan Stock

0.8	HCAT	Health Catalyst	Pair Corr
0.7	XAIR	Beyond Air	Pair Corr
0.57	NRC	National Research Corp	Pair Corr
0.5	VMD	Viemed Healthcare	Pair Corr
0.46	JYNT	Joint Corp	Pair Corr
0.64	FLGC	Flora Growth Corp	Pair Corr
0.45	ESPR	Esperion Therapeutics	Pair Corr
0.4	SNDA	Sonida Senior Living	Pair Corr
0.73	KRYS	Krystal Biotech	Pair Corr
0.59	HCM	HUTCHMED DRC	Pair Corr

Related Correlations Analysis

	FOXO	BEAT	EUDA	UTRS	NUTX	HCTI	CMAX	LIFW	BFRG	SHCR
FOXO		0.36	0.1	-0.39	0.15	0.22	0.26	0.36	0.1	-0.41	FOXO
BEAT	0.36		0.55	-0.24	0.06	-0.2	0.0	0.33	0.0	-0.48	BEAT
EUDA	0.1	0.55		0.11	-0.27	-0.05	-0.05	0.1	0.01	-0.3	EUDA
UTRS	-0.39	-0.24	0.11		0.05	-0.1	-0.36	-0.48	0.07	0.4	UTRS
NUTX	0.15	0.06	-0.27	0.05		-0.38	-0.65	-0.52	0.07	0.62	NUTX
HCTI	0.22	-0.2	-0.05	-0.1	-0.38		0.51	0.35	0.25	-0.27	HCTI
CMAX	0.26	0.0	-0.05	-0.36	-0.65	0.51		0.82	0.29	-0.8	CMAX
LIFW	0.36	0.33	0.1	-0.48	-0.52	0.35	0.82		0.16	-0.84	LIFW
BFRG	0.1	0.0	0.01	0.07	0.07	0.25	0.29	0.16		-0.13	BFRG
SHCR	-0.41	-0.48	-0.3	0.4	0.62	-0.27	-0.8	-0.84	-0.13		SHCR
	FOXO	BEAT	EUDA	UTRS	NUTX	HCTI	CMAX	LIFW	BFRG	SHCR

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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

LIFW	+ 0.82	CMAX
SHCR	+ 0.62	NUTX
EUDA	+ 0.55	BEAT
CMAX	+ 0.51	HCTI
SHCR	+ 0.4	UTRS
BEAT	+ 0.36	FOXO

High negative correlations

SHCR	- 0.84	LIFW
SHCR	- 0.8	CMAX
CMAX	- 0.65	NUTX
LIFW	- 0.52	NUTX
LIFW	- 0.48	UTRS
SHCR	- 0.48	BEAT

Risk-Adjusted Indicators

There is a big difference between MultiPlan Stock performing well and MultiPlan 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 MultiPlan'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
FOXO	20.22	6.83	0.45	(2.22)	11.47	(40.95)	35.90	(27.17)	509.71
BEAT	3.37	0.05	(0.01)	0.33	4.41	(3.67)	7.37	(7.17)	27.25
EUDA	4.88	(0.20)	0.00	5.52	0.00	0.00	10.81	(8.57)	33.72
UTRS	6.67	0.88	0.07	(0.57)	6.57	(13.00)	14.81	(13.04)	107.58
NUTX	4.71	1.01	0.20	0.52	4.95	(5.26)	9.24	(8.36)	47.75
HCTI	10.05	2.23	0.23	(1.07)	7.69	(17.10)	34.83	(18.07)	151.78
CMAX	19.62	(4.19)	0.00	2.29	0.00	0.00	32.03	(56.52)	242.98
LIFW	8.60	(0.27)	0.00	(0.03)	0.00	0.00	14.73	(15.84)	132.79
BFRG	4.52	0.42	0.07	12.75	4.73	(5.40)	12.69	(7.69)	38.10
SHCR	0.36	0.06	(0.05)	15.18	0.24	(0.76)	0.73	(0.72)	2.13

MultiPlan Corporate Management

P Philbrick	Independent Director	Profile
William Veghte	Independent Director	Profile
Bruce Singleton	Senior Strategy	Profile
Danielle Dupre	Chief Officer	Profile
Lucas CFA	Senior Relations	Profile
Tara ONeil	General Counsel	Profile

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