Premier Correlations

PINC Stock

USD 20.00 0.05 0.25%

The current 90-days correlation between Premier and Integer Holdings Corp is -0.04 (i.e., Good 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

Good diversification

The correlation between Premier and DJI is -0.1 (i.e., Good diversification) 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 employment.

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

Moving together with Premier Stock

0.86	300015	Aier Eye Hospital	Pair Corr
0.63	DVA	DaVita HealthCare	Pair Corr
0.82	IVP	Inspire Veterinary	Pair Corr
0.68	INFU	InfuSystems Holdings	Pair Corr
0.75	301267	Huaxia Eye Hospital	Pair Corr
0.76	000503	China Reform Health	Pair Corr
0.84	SPI	Spire Healthcare	Pair Corr

Moving against Premier Stock

0.78	NPTH	NeuPath Health	Pair Corr
0.78	CNC	Centene Corp Aggressive Push	Pair Corr
0.6	GH	Guardant Health	Pair Corr
0.53	HCA	HCA Holdings	Pair Corr
0.52	CAH	Cardinal Health	Pair Corr
0.5	UHS	Universal Health Services	Pair Corr
0.9	RHC	Ramsay Health Care	Pair Corr
0.9	DR	Medical Facilities	Pair Corr
0.8	SHL	Sonic Healthcare	Pair Corr
0.73	HSIC	Henry Schein	Pair Corr
0.73	SIA	Sienna Senior Living	Pair Corr
0.71	DNTL	dentalcorp Holdings	Pair Corr
0.71	OCA	Oceania Healthcare	Pair Corr
0.69	PRPO	Precipio	Pair Corr
0.47	CRRX	CareRx Corp	Pair Corr
0.46	REG	Regis Healthcare	Pair Corr
0.44	AHX	Apiam Animal Health	Pair Corr

Related Correlations Analysis

	ITGR	INSP	ADUS	CON	HAE	RXRX	AGIO	PGNY	XRAY	LMAT
ITGR		-0.42	0.13	0.53	-0.59	0.57	0.34	-0.42	0.57	0.21	ITGR
INSP	-0.42		-0.01	-0.17	0.79	-0.47	-0.71	0.66	-0.48	-0.65	INSP
ADUS	0.13	-0.01		0.51	-0.42	0.57	0.28	-0.47	0.6	0.3	ADUS
CON	0.53	-0.17	0.51		-0.42	0.43	0.2	-0.25	0.55	0.18	CON
HAE	-0.59	0.79	-0.42	-0.42		-0.82	-0.8	0.92	-0.82	-0.66	HAE
RXRX	0.57	-0.47	0.57	0.43	-0.82		0.65	-0.82	0.84	0.58	RXRX
AGIO	0.34	-0.71	0.28	0.2	-0.8	0.65		-0.76	0.55	0.78	AGIO
PGNY	-0.42	0.66	-0.47	-0.25	0.92	-0.82	-0.76		-0.79	-0.63	PGNY
XRAY	0.57	-0.48	0.6	0.55	-0.82	0.84	0.55	-0.79		0.43	XRAY
LMAT	0.21	-0.65	0.3	0.18	-0.66	0.58	0.78	-0.63	0.43		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

PGNY	+ 0.92	HAE
XRAY	+ 0.84	RXRX
HAE	+ 0.79	INSP
LMAT	+ 0.78	AGIO
PGNY	+ 0.66	INSP
AGIO	+ 0.65	RXRX

High negative correlations

PGNY	- 0.82	RXRX
XRAY	- 0.82	HAE
RXRX	- 0.82	HAE
AGIO	- 0.8	HAE
XRAY	- 0.79	PGNY
PGNY	- 0.76	AGIO

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	1.96	(0.29)	0.00	(0.85)	0.00	0.00	2.74	(3.44)	34.70
INSP	3.41	0.35	0.09	0.22	4.14	(4.33)	7.93	(4.87)	49.96
ADUS	1.37	(0.18)	0.00	(0.12)	0.00	0.00	2.84	(3.16)	11.54
CON	1.08	(0.12)	0.00	(0.09)	0.00	0.00	1.95	(2.25)	8.84
HAE	1.72	0.85	0.49	(5.08)	0.73	(1.93)	3.49	(2.37)	36.02
RXRX	4.20	(0.29)	0.00	(0.04)	0.00	0.00	11.43	(7.86)	26.43
AGIO	3.17	(0.28)	0.00	(0.11)	0.00	0.00	5.99	(4.29)	56.88
PGNY	2.22	0.31	0.11	0.53	2.38	(2.62)	4.97	(4.17)	29.36
XRAY	1.62	(0.19)	0.00	(0.06)	0.00	0.00	3.41	(3.24)	16.11
LMAT	1.04	(0.11)	0.00	(0.11)	0.00	0.00	2.42	(2.20)	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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