PACS Correlations

PACS Stock

38.46 0.00 0.00%

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

Good diversification

The correlation between PACS Group and DJI is -0.13 (i.e., Good 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 manufacturing.

Moving together with PACS Stock

0.7	GH	Guardant Health	Pair Corr
0.85	NPTH	NeuPath Health	Pair Corr
0.64	CAH	Cardinal Health	Pair Corr
0.82	CNC	Centene Corp Sell-off Trend	Pair Corr
0.63	HCA	HCA Holdings	Pair Corr
0.82	HSIC	Henry Schein	Pair Corr
0.84	RHC	Ramsay Health Care	Pair Corr
0.71	DNTL	dentalcorp Holdings	Pair Corr
0.84	DR	Medical Facilities	Pair Corr
0.88	SHL	Sonic Healthcare	Pair Corr
0.78	PRPO	Precipio	Pair Corr
0.86	SIA	Sienna Senior Living	Pair Corr
0.75	OCA	Oceania Healthcare	Pair Corr

Moving against PACS Stock

0.94	300015	Aier Eye Hospital	Pair Corr
0.93	IVP	Inspire Veterinary	Pair Corr
0.71	DVA	DaVita HealthCare	Pair Corr
0.66	FMS	Fresenius Medical Care	Pair Corr
0.65	301293	Sanbo Hospital Management	Pair Corr
0.49	UNH	UnitedHealth Group CDR	Pair Corr
0.46	LH	Laboratory	Pair Corr
0.45	PHA	Premier Health	Pair Corr
0.85	301267	Huaxia Eye Hospital	Pair Corr
0.85	SPI	Spire Healthcare	Pair Corr
0.77	000503	China Reform Health	Pair Corr
0.75	WELL	WELL Health Technologies	Pair Corr
0.7	INFU	InfuSystems Holdings	Pair Corr
0.69	HIMS	Hims Hers Health	Pair Corr
0.55	OPT	Optima Health plc	Pair Corr
0.48	002173	Innovative Medical	Pair Corr

Related Correlations Analysis

	MSDL	STC	SKWD	WT	SF	HMN	PWP	LC	NIC	AGM
MSDL		0.42	0.04	-0.45	0.56	0.02	-0.33	0.66	-0.03	0.49	MSDL
STC	0.42		0.02	-0.5	0.44	0.17	-0.18	0.36	0.13	0.48	STC
SKWD	0.04	0.02		0.07	0.48	0.75	-0.45	0.41	0.22	0.59	SKWD
WT	-0.45	-0.5	0.07		-0.49	-0.3	0.7	-0.44	0.54	-0.28	WT
SF	0.56	0.44	0.48	-0.49		0.63	-0.62	0.93	-0.07	0.85	SF
HMN	0.02	0.17	0.75	-0.3	0.63		-0.61	0.53	-0.08	0.62	HMN
PWP	-0.33	-0.18	-0.45	0.7	-0.62	-0.61		-0.54	0.43	-0.53	PWP
LC	0.66	0.36	0.41	-0.44	0.93	0.53	-0.54		-0.11	0.77	LC
NIC	-0.03	0.13	0.22	0.54	-0.07	-0.08	0.43	-0.11		0.28	NIC
AGM	0.49	0.48	0.59	-0.28	0.85	0.62	-0.53	0.77	0.28		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	+ 0.93	SF
AGM	+ 0.85	SF
AGM	+ 0.77	LC
HMN	+ 0.75	SKWD
PWP	+ 0.7	WT
LC	+ 0.66	MSDL

High negative correlations

PWP	- 0.62	SF
PWP	- 0.61	HMN
LC	- 0.54	PWP
AGM	- 0.53	PWP
WT	- 0.5	STC
SF	- 0.49	WT

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	0.04	0.02	0.10	0.89	(1.03)	1.64	(1.49)	7.08
STC	1.35	(0.08)	0.00	(0.09)	0.00	0.00	3.21	(3.25)	9.24
SKWD	1.63	0.10	0.04	0.15	2.46	(1.64)	3.99	(2.98)	13.05
WT	1.33	(0.23)	0.00	(0.24)	0.00	0.00	2.38	(2.37)	5.78
SF	1.15	0.07	0.05	0.10	1.55	(1.09)	2.22	(2.84)	7.58
HMN	0.91	0.03	0.00	0.10	1.23	(0.94)	2.23	(2.16)	6.47
PWP	1.78	(0.40)	0.00	(0.15)	0.00	0.00	3.69	(4.42)	12.28
LC	2.60	0.16	0.08	0.11	2.99	(2.82)	6.30	(5.87)	16.56
NIC	1.40	(0.18)	0.00	(0.13)	0.00	0.00	2.79	(3.26)	10.97
AGM	1.20	0.04	0.02	0.12	1.59	(1.32)	2.36	(2.85)	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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