Option Care Correlations

OPCH Stock

USD 31.40 0.45 1.45%

The current 90-days correlation between Option Care Health and Addus HomeCare is 0.38 (i.e., 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

Average diversification

The correlation between Option Care Health and DJI is 0.15 (i.e., Average 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

0.62	XTNT	Xtant Medical Holdings	Pair Corr
0.63	XYLO	Xylo Technologies Symbol Change	Pair Corr
0.64	INGN	Inogen Inc	Pair Corr

Moving against Option Stock

0.48	XAIR	Beyond Air	Pair Corr
0.45	VREX	Varex Imaging Corp Earnings Call This Week	Pair Corr
0.42	NRC	National Research Corp	Pair Corr
0.39	MRM	Medirom Healthcare	Pair Corr
0.68	HCAT	Health Catalyst	Pair Corr
0.38	INMD	InMode	Pair Corr
0.32	LUNG	Pulmonx Corp	Pair Corr
0.36	OMIC	Singular Genomics Systems	Pair Corr

Related Correlations Analysis

	ADUS	ACHC	EHC	SEM	ENSG	UHS	SGRY	AMED	EHAB	PNTG
ADUS		0.31	-0.45	-0.31	-0.24	-0.28	-0.08	0.24	0.14	-0.31	ADUS
ACHC	0.31		-0.2	-0.53	0.25	0.31	0.38	0.62	-0.21	0.15	ACHC
EHC	-0.45	-0.2		0.7	0.72	0.69	0.47	0.0	0.07	0.74	EHC
SEM	-0.31	-0.53	0.7		0.18	0.26	0.0	-0.16	0.38	0.25	SEM
ENSG	-0.24	0.25	0.72	0.18		0.88	0.81	0.4	-0.35	0.92	ENSG
UHS	-0.28	0.31	0.69	0.26	0.88		0.83	0.55	-0.41	0.9	UHS
SGRY	-0.08	0.38	0.47	0.0	0.81	0.83		0.63	-0.45	0.82	SGRY
AMED	0.24	0.62	0.0	-0.16	0.4	0.55	0.63		-0.43	0.35	AMED
EHAB	0.14	-0.21	0.07	0.38	-0.35	-0.41	-0.45	-0.43		-0.4	EHAB
PNTG	-0.31	0.15	0.74	0.25	0.92	0.9	0.82	0.35	-0.4		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

PNTG	+ 0.92	ENSG
PNTG	+ 0.9	UHS
UHS	+ 0.88	ENSG
SGRY	+ 0.83	UHS
PNTG	+ 0.82	SGRY
SGRY	+ 0.81	ENSG

High negative correlations

SEM	- 0.53	ACHC
EHAB	- 0.45	SGRY
EHC	- 0.45	ADUS
EHAB	- 0.43	AMED
EHAB	- 0.41	UHS
PNTG	- 0.4	EHAB

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	1.43	(0.01)	0.00	0.20	0.00	0.00	2.76	(3.15)	9.95
ACHC	1.84	(0.16)	0.00	(2.82)	0.00	0.00	4.60	(3.00)	19.21
EHC	0.92	0.03	(0.02)	0.16	1.09	(0.99)	1.72	(1.93)	10.30
SEM	1.82	0.17	0.06	0.41	1.99	(2.04)	3.61	(3.08)	16.75
ENSG	1.06	(0.09)	0.00	(0.17)	0.00	0.00	2.32	(1.84)	10.08
UHS	1.33	(0.29)	0.00	(0.59)	0.00	0.00	2.45	(2.78)	9.75
SGRY	2.84	(0.22)	0.00	2.95	0.00	0.00	4.58	(5.92)	17.45
AMED	0.64	(0.08)	0.00	(6.10)	0.00	0.00	0.94	(1.78)	7.27
EHAB	1.78	0.30	0.11	0.83	1.69	(2.22)	4.08	(3.25)	17.54
PNTG	1.66	(0.29)	0.00	(1.93)	0.00	0.00	3.76	(3.63)	8.51

Option Care Corporate Management

Femi MD	Chief Officer	Profile
Nicole Maggio	Principal Officer	Profile
Jill Rhodes	Senior Officer	Profile
Kim Harvey	Senior Operations	Profile
Cari Reed	Senior Services	Profile
Christopher Hartman	Chief Officer	Profile

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