OPTIMIZERx Corp Correlations

OPRX Stock

USD 4.65 0.22 4.52%

The current 90-days correlation between OPTIMIZERx Corp and Forian Inc is 0.01 (i.e., Significant diversification). The correlation of OPTIMIZERx Corp 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.

OPTIMIZERx Corp Correlation With Market

Very weak diversification

The correlation between OPTIMIZERx Corp and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OPTIMIZERx Corp 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 OPTIMIZERx Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with OPTIMIZERx Stock

0.79	CI	Cigna Corp	Pair Corr
0.77	VERO	Venus Concept	Pair Corr
0.66	EDAP	EDAP TMS SA	Pair Corr
0.68	EHAB	Enhabit	Pair Corr
0.82	EKSO	Ekso Bionics Holdings	Pair Corr
0.75	ELAB	Elevai Labs, Common	Pair Corr
0.81	FLGT	Fulgent Genetics	Pair Corr
0.91	AGL	agilon health Buyout Trend	Pair Corr
0.82	ALC	Alcon AG	Pair Corr
0.83	AMN	AMN Healthcare Services	Pair Corr
0.79	BAX	Baxter International	Pair Corr

Moving against OPTIMIZERx Stock

0.87	ELMD	Electromed	Pair Corr
0.81	ECOR	Electrocore LLC	Pair Corr
0.78	MD	Mednax Inc	Pair Corr
0.73	VREX	Varex Imaging Corp	Pair Corr
0.62	DOCS	Doximity	Pair Corr
0.56	DXCM	DexCom Inc	Pair Corr
0.45	OM	Outset Medical	Pair Corr
0.42	LH	Laboratory	Pair Corr
0.31	VEEV	Veeva Systems Class	Pair Corr
0.78	BSX	Boston Scientific Corp	Pair Corr
0.6	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.6	CAH	Cardinal Health Sell-off Trend	Pair Corr
0.54	BVS	Bioventus	Pair Corr
0.53	XAIR	Beyond Air	Pair Corr

Related Correlations Analysis

	FORA	STRM	ACON	HSTM	MDRX	NRC	CPSI	DH	NXGN	DOCS
FORA		0.87	0.53	-0.5	-0.06	0.67	0.6	0.47	0.62	-0.7	FORA
STRM	0.87		0.53	-0.29	0.17	0.58	0.76	0.27	0.66	-0.57	STRM
ACON	0.53	0.53		-0.2	0.02	0.19	0.61	0.24	0.48	-0.41	ACON
HSTM	-0.5	-0.29	-0.2		0.72	-0.25	-0.16	-0.08	0.06	0.82	HSTM
MDRX	-0.06	0.17	0.02	0.72		-0.06	0.31	-0.18	0.43	0.48	MDRX
NRC	0.67	0.58	0.19	-0.25	-0.06		0.12	0.58	0.23	-0.38	NRC
CPSI	0.6	0.76	0.61	-0.16	0.31	0.12		0.06	0.71	-0.35	CPSI
DH	0.47	0.27	0.24	-0.08	-0.18	0.58	0.06		0.36	-0.19	DH
NXGN	0.62	0.66	0.48	0.06	0.43	0.23	0.71	0.36		-0.2	NXGN
DOCS	-0.7	-0.57	-0.41	0.82	0.48	-0.38	-0.35	-0.19	-0.2		DOCS
	FORA	STRM	ACON	HSTM	MDRX	NRC	CPSI	DH	NXGN	DOCS

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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

STRM	+ 0.87	FORA
DOCS	+ 0.82	HSTM
CPSI	+ 0.76	STRM
MDRX	+ 0.72	HSTM
NXGN	+ 0.71	CPSI
NRC	+ 0.67	FORA

High negative correlations

DOCS	- 0.7	FORA
DOCS	- 0.57	STRM
HSTM	- 0.5	FORA
DOCS	- 0.41	ACON
DOCS	- 0.38	NRC
DOCS	- 0.35	CPSI

Risk-Adjusted Indicators

There is a big difference between OPTIMIZERx Stock performing well and OPTIMIZERx Corp 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 OPTIMIZERx Corp'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
FORA	1.18	(0.16)	0.00	(1.24)	0.00	0.00	2.82	(2.38)	12.38
STRM	7.24	(0.99)	0.00	(1.05)	0.00	0.00	19.40	(14.33)	55.52
ACON	4.36	(0.46)	0.00	(0.07)	0.00	0.00	11.11	(10.00)	35.83
HSTM	1.22	0.08	0.06	0.21	1.32	(1.35)	2.33	(2.00)	10.49
MDRX	1.27	0.15	(0.01)	(0.35)	2.08	(1.14)	2.58	(3.07)	8.73
NRC	2.00	(0.31)	0.00	(0.05)	0.00	0.00	4.51	(4.72)	13.17
CPSI	1.50	(0.12)	0.00	0.43	0.00	0.00	2.85	(3.01)	14.25
DH	2.07	(0.17)	(0.02)	0.03	2.42	(2.28)	4.37	(4.00)	13.20
NXGN	1.10	(0.08)	0.00	0.54	0.00	0.00	2.81	(2.35)	7.28
DOCS	2.14	0.38	0.14	0.45	2.31	(2.29)	4.53	(3.81)	43.10

OPTIMIZERx Corp Corporate Management

Maira Alejandra	Media Manager	Profile
Sheryl Kearney	Human Manager	Profile
CMA MBA	CFO COO	Profile
Theresa Greco	Chief Officer	Profile
Todd Inman	Chief Officer	Profile

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