Owens Minor Correlations

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Owens Minor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Owens Stock please use our How to Invest in Owens Minor guide.

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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    PDCO + 0.88 ABC MCK + 0.77 CAH CAH + 0.57 ABC CAH + 0.39 HSIC MCK + 0.35 HSIC PDCO + 0.33 CAH

High negative correlations    ZYXI - 0.56 ABC ZYXI - 0.45 CAH MCK - 0.42 ZYXI PDCO - 0.4 ZYXI ZYXI - 0.19 HSIC

Risk-Adjusted Indicators

There is a big difference between Owens Stock performing well and Owens Minor 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 Owens Minor'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.