P3 Health Correlations

PIII Stock

USD 0.24 0.03 14.29%

The current 90-days correlation between P3 Health Partners and Aesthetic Medical Intl is 0.11 (i.e., Average diversification). The correlation of P3 Health 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.

P3 Health Correlation With Market

Average diversification

The correlation between P3 Health Partners and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding P3 Health Partners 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 P3 Health Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with PIII Stock

0.73	AGL	agilon health	Pair Corr
0.84	AMN	AMN Healthcare Services	Pair Corr
0.63	FORA	Forian Inc	Pair Corr
0.81	EVH	Evolent Health Buyout Trend	Pair Corr
0.71	ADUS	Addus HomeCare	Pair Corr
0.77	BACK	IMAC Holdings	Pair Corr
0.66	CYRX	Cryoport	Pair Corr
0.68	ME	23Andme Holding	Pair Corr
0.84	VALN	Valneva SE ADR	Pair Corr

Moving against PIII Stock

0.69	DOCS	Doximity Upward Rally	Pair Corr
0.65	ITGR	Integer Holdings Corp	Pair Corr
0.62	FOXO	FOXO Technologies	Pair Corr
0.49	VMD	Viemed Healthcare	Pair Corr
0.75	OMIC	Singular Genomics Systems	Pair Corr
0.66	CRVL	CorVel Corp	Pair Corr
0.6	MMSI	Merit Medical Systems	Pair Corr
0.48	NXGL	Nexgel Inc	Pair Corr
0.81	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.65	EXEL	Exelixis	Pair Corr
0.6	EWTX	Edgewise Therapeutics	Pair Corr
0.5	KZR	Kezar Life Sciences	Pair Corr
0.33	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr

Related Correlations Analysis

	AIH	SNDA	ACHC	CCEL	CYH	LFST	AGL	BKD	INNV	USPH
AIH		0.2	-0.09	0.16	-0.24	0.17	-0.23	0.03	0.24	0.28	AIH
SNDA	0.2		0.66	-0.43	0.47	-0.47	0.68	0.86	0.68	-0.11	SNDA
ACHC	-0.09	0.66		-0.65	0.76	-0.65	0.89	0.87	0.63	-0.42	ACHC
CCEL	0.16	-0.43	-0.65		-0.72	0.54	-0.74	-0.7	-0.52	0.81	CCEL
CYH	-0.24	0.47	0.76	-0.72		-0.34	0.81	0.7	0.55	-0.54	CYH
LFST	0.17	-0.47	-0.65	0.54	-0.34		-0.67	-0.7	-0.48	0.58	LFST
AGL	-0.23	0.68	0.89	-0.74	0.81	-0.67		0.9	0.71	-0.52	AGL
BKD	0.03	0.86	0.87	-0.7	0.7	-0.7	0.9		0.79	-0.45	BKD
INNV	0.24	0.68	0.63	-0.52	0.55	-0.48	0.71	0.79		-0.38	INNV
USPH	0.28	-0.11	-0.42	0.81	-0.54	0.58	-0.52	-0.45	-0.38		USPH
	AIH	SNDA	ACHC	CCEL	CYH	LFST	AGL	BKD	INNV	USPH

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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

BKD	+ 0.9	AGL
AGL	+ 0.89	ACHC
BKD	+ 0.87	ACHC
BKD	+ 0.86	SNDA
USPH	+ 0.81	CCEL
AGL	+ 0.81	CYH

High negative correlations

AGL	- 0.74	CCEL
CYH	- 0.72	CCEL
BKD	- 0.7	LFST
BKD	- 0.7	CCEL
AGL	- 0.67	LFST
LFST	- 0.65	ACHC

Risk-Adjusted Indicators

There is a big difference between PIII Stock performing well and P3 Health 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 P3 Health'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
AIH	16.55	2.14	0.10	0.75	18.11	(22.04)	56.25	(37.88)	125.38
SNDA	2.36	(0.26)	0.00	(0.08)	0.00	0.00	5.59	(4.77)	12.89
ACHC	2.22	(1.11)	0.00	(0.88)	0.00	0.00	3.36	(5.78)	21.88
CCEL	3.26	0.55	0.17	3.12	2.47	(4.86)	7.14	(4.42)	30.49
CYH	2.82	(0.55)	0.00	(0.28)	0.00	0.00	5.15	(6.25)	30.14
LFST	1.65	0.21	0.11	0.32	1.61	(1.88)	3.94	(3.30)	11.88
AGL	5.31	(1.12)	0.00	(0.23)	0.00	0.00	9.62	(11.52)	45.03
BKD	1.90	(0.54)	0.00	(0.22)	0.00	0.00	3.10	(4.56)	21.81
INNV	2.15	(0.61)	0.00	(0.24)	0.00	0.00	4.23	(4.81)	11.60
USPH	1.35	(0.03)	0.09	0.11	1.21	(1.64)	3.06	(2.56)	20.31

P3 Health Corporate Management

BSN CRNI	Chief Staff	Profile
Leslie Fisher	General Affairs	Profile
Kassi APR	Culture Communications	Profile
Todd MHA	Chief Officer	Profile
James II	Chief Officer	Profile
FACEP FACP	CEO CoFounder	Profile

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