PACS Correlations

PACS Stock

35.14 0.93 2.58%

The current 90-days correlation between PACS Group and Morgan Stanley Direct is -0.07 (i.e., Good diversification). The correlation of PACS 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.

PACS Correlation With Market

Poor diversification

The correlation between PACS Group and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PACS Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PACS Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PACS Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with PACS Stock

0.88	NPTH	NeuPath Health	Pair Corr
0.95	NEO	NeoGenomics	Pair Corr
0.76	SBC	SBC Communications	Pair Corr
0.86	RHC	Ramsay Health Care	Pair Corr
0.88	DR	Medical Facilities	Pair Corr
0.8	SHL	Sonic Healthcare	Pair Corr
0.86	OPCH	Option Care Health	Pair Corr
0.82	OCA	Oceania Healthcare	Pair Corr
0.83	ALHC	Alignment Healthcare LLC	Pair Corr
0.77	PPERY	Bank Mandiri Persero	Pair Corr
0.73	PPERF	Bank Mandiri Persero	Pair Corr

Moving against PACS Stock

0.87	300015	Aier Eye Hospital	Pair Corr
0.86	SPI	Spire Healthcare	Pair Corr
0.72	301267	Huaxia Eye Hospital	Pair Corr
0.33	600763	Top Choice Medical	Pair Corr
0.31	PHA	Premier Health	Pair Corr
0.9	PINC	Premier	Pair Corr
0.73	SIG	Sigma Healthcare	Pair Corr
0.62	WELL	WELL Health Technologies	Pair Corr
0.61	PBCRY	Bank Central Asia	Pair Corr
0.47	ADUS	Addus HomeCare	Pair Corr
0.4	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	MSDL	STC	SKWD	WT	SF	HMN	PWP	LC	NIC	AGM
MSDL		0.3	-0.08	0.05	0.33	-0.25	0.08	0.39	0.38	0.44	MSDL
STC	0.3		0.34	-0.71	-0.22	0.39	-0.52	-0.29	-0.07	0.15	STC
SKWD	-0.08	0.34		-0.24	0.3	0.82	-0.62	0.16	-0.05	0.53	SKWD
WT	0.05	-0.71	-0.24		0.47	-0.49	0.69	0.6	0.56	0.18	WT
SF	0.33	-0.22	0.3	0.47		0.08	0.0	0.91	0.47	0.84	SF
HMN	-0.25	0.39	0.82	-0.49	0.08		-0.77	-0.07	-0.26	0.35	HMN
PWP	0.08	-0.52	-0.62	0.69	0.0	-0.77		0.22	0.42	-0.27	PWP
LC	0.39	-0.29	0.16	0.6	0.91	-0.07	0.22		0.57	0.75	LC
NIC	0.38	-0.07	-0.05	0.56	0.47	-0.26	0.42	0.57		0.5	NIC
AGM	0.44	0.15	0.53	0.18	0.84	0.35	-0.27	0.75	0.5		AGM
	MSDL	STC	SKWD	WT	SF	HMN	PWP	LC	NIC	AGM

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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

LC	+ 0.91	SF
AGM	+ 0.84	SF
HMN	+ 0.82	SKWD
AGM	+ 0.75	LC
PWP	+ 0.69	WT
LC	+ 0.6	WT

High negative correlations

PWP	- 0.77	HMN
WT	- 0.71	STC
PWP	- 0.62	SKWD
PWP	- 0.52	STC
HMN	- 0.49	WT
LC	- 0.29	STC

Risk-Adjusted Indicators

There is a big difference between PACS Stock performing well and PACS 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 PACS'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
MSDL	0.89	(0.05)	(0.06)	0.03	1.16	(0.95)	1.82	(1.84)	6.37
STC	1.41	(0.11)	0.00	(0.06)	0.00	0.00	3.21	(3.25)	9.24
SKWD	1.58	(0.12)	0.00	(0.06)	0.00	0.00	3.99	(2.98)	11.17
WT	1.61	0.23	0.15	0.32	1.39	(1.94)	4.19	(2.35)	8.38
SF	1.11	0.15	0.11	0.21	1.13	(1.13)	2.43	(2.17)	7.58
HMN	0.88	(0.05)	0.00	(0.04)	0.00	0.00	2.09	(2.17)	6.64
PWP	1.94	0.18	0.05	0.53	2.40	(2.16)	4.96	(3.42)	12.28
LC	2.50	0.31	0.17	0.21	2.42	(2.89)	6.30	(4.44)	16.56
NIC	1.43	0.15	0.08	0.25	1.55	(1.55)	2.95	(2.92)	7.36
AGM	1.19	0.11	0.07	0.22	1.31	(1.40)	2.86	(2.09)	9.39

PACS Corporate Management

Joseph Lee	Chief Officer	Profile
Trent Bingham	Chief Officer	Profile
Kathy Lauer	Executive Officer	Profile
Derick Apt	Chief Officer	Profile

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