Option Care Correlations

OPCH Stock

USD 23.13 0.64 2.85%

The current 90-days correlation between Option Care Health and Addus HomeCare is 0.44 (i.e., Very weak diversification). The correlation of Option Care 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.

Option Care Correlation With Market

Weak diversification

The correlation between Option Care Health and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Option Care Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Option Care 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 main economic indicators.

Moving together with Option Stock

0.71	CI	Cigna Corp	Pair Corr
0.73	VERO	Venus Concept	Pair Corr
0.92	EKSO	Ekso Bionics Holdings	Pair Corr
0.74	ELAB	Elevai Labs, Common	Pair Corr
0.84	AGL	agilon health	Pair Corr
0.84	ALC	Alcon AG	Pair Corr
0.82	AMN	AMN Healthcare Services	Pair Corr
0.84	BAX	Baxter International	Pair Corr

Moving against Option Stock

0.9	MD	Mednax Inc	Pair Corr
0.86	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.82	ELMD	Electromed	Pair Corr
0.81	VREX	Varex Imaging Corp	Pair Corr
0.75	DOCS	Doximity	Pair Corr
0.72	OM	Outset Medical	Pair Corr
0.65	LH	Laboratory	Pair Corr
0.52	GH	Guardant Health	Pair Corr
0.42	DXCM	DexCom Inc	Pair Corr
0.31	VEEV	Veeva Systems Class	Pair Corr
0.73	XAIR	Beyond Air	Pair Corr
0.66	BSX	Boston Scientific Corp	Pair Corr
0.42	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.37	ENOV	Enovis Corp	Pair Corr
0.31	BVS	Bioventus	Pair Corr

Related Correlations Analysis

	ADUS	ACHC	EHC	SEM	ENSG	UHS	SGRY	AMED	EHAB	PNTG
ADUS		0.69	-0.5	-0.32	0.24	0.8	0.87	0.83	0.47	0.82	ADUS
ACHC	0.69		-0.84	-0.34	0.24	0.86	0.63	0.7	0.67	0.54	ACHC
EHC	-0.5	-0.84		0.57	-0.05	-0.67	-0.46	-0.62	-0.38	-0.35	EHC
SEM	-0.32	-0.34	0.57		-0.19	-0.35	-0.46	-0.56	0.38	-0.28	SEM
ENSG	0.24	0.24	-0.05	-0.19		0.2	0.28	0.27	0.05	0.24	ENSG
UHS	0.8	0.86	-0.67	-0.35	0.2		0.78	0.75	0.54	0.68	UHS
SGRY	0.87	0.63	-0.46	-0.46	0.28	0.78		0.87	0.35	0.75	SGRY
AMED	0.83	0.7	-0.62	-0.56	0.27	0.75	0.87		0.33	0.56	AMED
EHAB	0.47	0.67	-0.38	0.38	0.05	0.54	0.35	0.33		0.35	EHAB
PNTG	0.82	0.54	-0.35	-0.28	0.24	0.68	0.75	0.56	0.35		PNTG
	ADUS	ACHC	EHC	SEM	ENSG	UHS	SGRY	AMED	EHAB	PNTG

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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

SGRY	+ 0.87	ADUS
AMED	+ 0.87	SGRY
UHS	+ 0.86	ACHC
AMED	+ 0.83	ADUS
PNTG	+ 0.82	ADUS
UHS	+ 0.8	ADUS

High negative correlations

EHC	- 0.84	ACHC
UHS	- 0.67	EHC
AMED	- 0.62	EHC
AMED	- 0.56	SEM
EHC	- 0.5	ADUS
SGRY	- 0.46	SEM

Risk-Adjusted Indicators

There is a big difference between Option Stock performing well and Option Care 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 Option Care'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
ADUS	1.20	(0.23)	0.00	(0.08)	0.00	0.00	2.50	(2.48)	7.74
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
EHC	0.90	0.14	0.06	0.48	0.84	(0.97)	1.76	(1.86)	9.75
SEM	1.48	0.05	0.06	0.15	1.56	(1.60)	3.02	(2.50)	14.58
ENSG	1.06	0.03	(0.07)	(0.01)	1.63	(1.04)	2.32	(2.11)	10.08
UHS	1.34	(0.26)	0.00	(0.53)	0.00	0.00	2.22	(4.07)	14.88
SGRY	2.31	(0.47)	0.00	(0.17)	0.00	0.00	3.73	(4.88)	31.36
AMED	0.42	(0.15)	0.00	(0.43)	0.00	0.00	0.61	(0.93)	5.99
EHAB	1.92	(0.23)	0.00	(0.05)	0.00	0.00	5.22	(4.56)	11.79
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06

Option Care Corporate Management

Femi MD	Chief Officer	Profile
Nicole Maggio	Principal Officer	Profile
Kim Harvey	Senior Operations	Profile
Cari Reed	Senior Services	Profile
Christopher Hartman	Chief Officer	Profile
Richard Denness	NonExecutive Employee	Profile

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