Premier Correlations

PINC Stock

USD 20.78 0.03 0.14%

The current 90-days correlation between Premier and Integer Holdings Corp is 0.13 (i.e., Average diversification). The correlation of Premier 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.

Premier Correlation With Market

Pay attention - limited upside

The correlation between Premier and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premier and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Premier Stock

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

For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.

Moving together with Premier Stock

0.75	MD	Mednax Inc Earnings Call Tomorrow	Pair Corr
0.8	S00	Spire Healthcare	Pair Corr
0.83	PXS	Paragon Care Limited Earnings Call This Week	Pair Corr

Moving against Premier Stock

0.81	NPTH	NeuPath Health	Pair Corr
0.73	X34	ENHABIT INC DL	Pair Corr
0.5	V3V	VITA 34 AG	Pair Corr
0.44	GD6	Ramsay Gnrale de	Pair Corr
0.42	CV	CapsoVision Common Stock	Pair Corr
0.31	CI	Cigna Corp	Pair Corr
0.92	UOM	AS Latvijas Juras	Pair Corr
0.67	EHAB	Enhabit	Pair Corr
0.67	CLARI	Clariane SE	Pair Corr
0.52	636	Sienna Senior Living Earnings Call Tomorrow	Pair Corr
0.37	FRE	Fresenius SE Earnings Call This Week	Pair Corr
0.37	AGL	agilon health	Pair Corr
0.31	BKD	Brookdale Senior Living Earnings Call This Week	Pair Corr
0.62	ELV	Elevance Health	Pair Corr
0.6	CNC	Centene Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	ITGR	INSP	ADUS	CON	HAE	RXRX	AGIO	PGNY	XRAY	LMAT
ITGR		-0.64	-0.53	0.75	-0.62	-0.18	-0.35	-0.38	0.89	0.16	ITGR
INSP	-0.64		0.66	-0.63	0.81	0.59	-0.12	0.53	-0.5	-0.53	INSP
ADUS	-0.53	0.66		-0.29	0.49	0.22	-0.02	0.28	-0.37	-0.19	ADUS
CON	0.75	-0.63	-0.29		-0.87	-0.52	-0.2	-0.76	0.79	0.44	CON
HAE	-0.62	0.81	0.49	-0.87		0.6	-0.08	0.82	-0.62	-0.63	HAE
RXRX	-0.18	0.59	0.22	-0.52	0.6		0.06	0.59	-0.12	-0.28	RXRX
AGIO	-0.35	-0.12	-0.02	-0.2	-0.08	0.06		-0.01	-0.28	0.45	AGIO
PGNY	-0.38	0.53	0.28	-0.76	0.82	0.59	-0.01		-0.47	-0.57	PGNY
XRAY	0.89	-0.5	-0.37	0.79	-0.62	-0.12	-0.28	-0.47		0.2	XRAY
LMAT	0.16	-0.53	-0.19	0.44	-0.63	-0.28	0.45	-0.57	0.2		LMAT
	ITGR	INSP	ADUS	CON	HAE	RXRX	AGIO	PGNY	XRAY	LMAT

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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

XRAY	+ 0.89	ITGR
PGNY	+ 0.82	HAE
HAE	+ 0.81	INSP
XRAY	+ 0.79	CON
CON	+ 0.75	ITGR
ADUS	+ 0.66	INSP

High negative correlations

HAE	- 0.87	CON
PGNY	- 0.76	CON
INSP	- 0.64	ITGR
LMAT	- 0.63	HAE
CON	- 0.63	INSP
XRAY	- 0.62	HAE

Risk-Adjusted Indicators

There is a big difference between Premier Stock performing well and Premier 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 Premier'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
ITGR	1.12	0.32	0.21	0.62	1.05	(1.19)	2.74	(2.10)	8.03
INSP	3.51	(0.52)	0.00	(0.28)	0.00	0.00	6.01	(8.74)	49.96
ADUS	1.33	(0.03)	0.00	(0.03)	0.00	0.00	2.87	(2.57)	8.19
CON	1.33	0.28	0.17	0.58	1.24	(1.58)	3.13	(1.68)	8.84
HAE	1.49	(0.30)	0.00	(3.45)	0.00	0.00	2.66	(3.70)	13.62
RXRX	3.36	(0.49)	0.00	(0.15)	0.00	0.00	7.87	(5.78)	20.15
AGIO	2.99	(0.38)	0.00	(0.36)	0.00	0.00	5.48	(3.94)	54.28
PGNY	2.03	(0.23)	0.00	(0.40)	0.00	0.00	3.57	(4.17)	20.44
XRAY	2.01	0.15	0.09	0.11	1.99	(2.53)	5.73	(3.60)	16.38
LMAT	1.14	(0.04)	0.00	(0.02)	0.00	0.00	2.05	(2.30)	8.28

Premier Corporate Management

Andrew Brailo	Chief Officer	Profile
Lisa Benna	Chief Officer	Profile
Kaycee Kalpin	Chief Officer	Profile
Laurie Graham	Chief Staff	Profile

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