Nutex Health Correlations

NUTX Stock

USD 34.76 0.54 1.58%

The current 90-days correlation between Nutex Health and EUDA Health Holdings is -0.08 (i.e., Good diversification). The correlation of Nutex Health 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.

Nutex Health Correlation With Market

Significant diversification

The correlation between Nutex Health and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutex Health 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 Nutex Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Nutex Stock

0.72	DOCS	Doximity Upward Rally	Pair Corr
0.67	VEEV	Veeva Systems Class Earnings Call This Week	Pair Corr
0.69	FOXO	FOXO Technologies	Pair Corr
0.83	HQY	HealthEquity	Pair Corr
0.82	WAY	Waystar Holding Corp	Pair Corr
0.9	HSTM	HealthStream	Pair Corr
0.73	LFMD	LifeMD Inc	Pair Corr

Moving against Nutex Stock

0.81	EVH	Evolent Health Buyout Trend	Pair Corr
0.78	GDRX	Goodrx Holdings	Pair Corr
0.72	GEHC	GE HealthCare Techno Sell-off Trend	Pair Corr
0.56	TXG	10X Genomics	Pair Corr
0.53	ZCMD	Zhongchao	Pair Corr
0.52	KDLYW	Kindly MD, Warrants	Pair Corr
0.46	FORA	Forian Inc	Pair Corr
0.43	LIFWW	MSP Recovery	Pair Corr
0.37	SY	So Young International	Pair Corr
0.68	LIFW	MSP Recovery	Pair Corr
0.64	ICCT	iCoreConnect Common stock	Pair Corr
0.62	MNDR	Mobile health Network	Pair Corr
0.61	OPRX	OPTIMIZERx Corp	Pair Corr
0.53	ONMDW	OneMedNet Corp	Pair Corr
0.5	MGRX	Mangoceuticals, Common	Pair Corr
0.5	MPLN	MultiPlan Trending	Pair Corr
0.47	OTRK	Ontrak Inc	Pair Corr
0.4	BFRGW	Bullfrog AI Holdings,	Pair Corr
0.35	AMWL	American Well Corp	Pair Corr

Related Correlations Analysis

	FOXO	BEAT	EUDA	UTRS	PRVA	EVH	HSTM	STRM	NRC	LIFW
FOXO		0.32	0.24	0.0	0.75	-0.75	0.77	-0.17	-0.2	-0.61	FOXO
BEAT	0.32		0.48	0.0	0.55	-0.65	0.62	0.0	-0.36	-0.65	BEAT
EUDA	0.24	0.48		0.0	0.27	-0.49	0.34	-0.11	-0.44	-0.24	EUDA
UTRS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	UTRS
PRVA	0.75	0.55	0.27	0.0		-0.67	0.89	0.06	0.0	-0.52	PRVA
EVH	-0.75	-0.65	-0.49	0.0	-0.67		-0.87	0.4	0.57	0.87	EVH
HSTM	0.77	0.62	0.34	0.0	0.89	-0.87		-0.23	-0.25	-0.73	HSTM
STRM	-0.17	0.0	-0.11	0.0	0.06	0.4	-0.23		0.57	0.52	STRM
NRC	-0.2	-0.36	-0.44	0.0	0.0	0.57	-0.25	0.57		0.63	NRC
LIFW	-0.61	-0.65	-0.24	0.0	-0.52	0.87	-0.73	0.52	0.63		LIFW
	FOXO	BEAT	EUDA	UTRS	PRVA	EVH	HSTM	STRM	NRC	LIFW

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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

HSTM	+ 0.89	PRVA
LIFW	+ 0.87	EVH
HSTM	+ 0.77	FOXO
PRVA	+ 0.75	FOXO
LIFW	+ 0.63	NRC
HSTM	+ 0.62	BEAT

High negative correlations

HSTM	- 0.87	EVH
EVH	- 0.75	FOXO
LIFW	- 0.73	HSTM
EVH	- 0.67	PRVA
LIFW	- 0.65	BEAT
EVH	- 0.65	BEAT

Risk-Adjusted Indicators

There is a big difference between Nutex Stock performing well and Nutex Health 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 Nutex Health'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	17.43	1.97	0.47	0.17	9.49	(36.66)	35.14	(10.00)	509.71
BEAT	3.31	0.59	0.09	(0.44)	3.18	(4.12)	10.30	(6.23)	22.69
EUDA	4.60	0.13	0.00	(0.22)	6.84	(4.43)	9.70	(10.50)	25.66
UTRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRVA	2.01	0.02	0.00	0.14	2.24	(2.21)	4.23	(3.57)	15.04
EVH	3.25	(1.18)	0.00	(1.26)	0.00	0.00	5.49	(5.92)	51.11
HSTM	1.22	0.17	0.05	1.16	1.32	(1.33)	2.33	(2.00)	10.49
STRM	7.12	(0.51)	0.00	0.31	0.00	0.00	19.40	(14.33)	55.52
NRC	2.00	(0.18)	0.00	(2.19)	0.00	0.00	3.79	(4.72)	13.17
LIFW	5.75	(1.92)	0.00	(1.34)	0.00	0.00	9.88	(14.04)	40.15

Nutex Health Corporate Management

Vivian MBA	Director Marketing	Profile
BSN JD	Chief Sec	Profile
Elizabeth Hall	HR Mang	Profile
Jon Bates	Chief Officer	Profile
MD MBA	Chairman CEO	Profile
Lawrence FACS	Chief Officer	Profile

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