Premier Correlations

PINC Stock

USD 20.15 0.16 0.79%

The current 90-days correlation between Premier and Humana Inc is -0.18 (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

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 employment.

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

Moving together with Premier Stock

0.84	300015	Aier Eye Hospital	Pair Corr
0.67	301267	Huaxia Eye Hospital	Pair Corr
0.87	SPI	Spire Healthcare	Pair Corr
0.7	SIG	Sigma Healthcare	Pair Corr

Moving against Premier Stock

0.89	DR	Medical Facilities	Pair Corr
0.86	NEO	NeoGenomics	Pair Corr
0.85	RHC	Ramsay Health Care	Pair Corr
0.82	NPTH	NeuPath Health	Pair Corr
0.77	SBC	SBC Communications	Pair Corr
0.72	SHL	Sonic Healthcare	Pair Corr
0.46	CAH	Cardinal Health	Pair Corr
0.43	AHX	Apiam Animal Health	Pair Corr
0.97	PPERF	Bank Mandiri Persero	Pair Corr
0.82	WF	Woori Financial Group	Pair Corr
0.81	OPCH	Option Care Health	Pair Corr
0.8	ALHC	Alignment Healthcare LLC	Pair Corr
0.79	OCA	Oceania Healthcare	Pair Corr
0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.62	CV	CapsoVision Common Stock	Pair Corr
0.53	KB	KB Financial Group	Pair Corr
0.43	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	MCK	CI	ELV	GSK	HCA	BMY	VRTX	MDT	COR	HUM
MCK		-0.4	-0.33	0.15	0.62	-0.06	-0.25	0.25	0.92	-0.67	MCK
CI	-0.4		0.42	-0.37	-0.36	-0.16	0.01	0.06	-0.42	0.49	CI
ELV	-0.33	0.42		0.5	-0.06	0.73	0.68	0.34	-0.31	0.51	ELV
GSK	0.15	-0.37	0.5		0.47	0.89	0.81	0.47	0.12	-0.19	GSK
HCA	0.62	-0.36	-0.06	0.47		0.26	0.15	0.65	0.57	-0.55	HCA
BMY	-0.06	-0.16	0.73	0.89	0.26		0.88	0.45	-0.06	0.05	BMY
VRTX	-0.25	0.01	0.68	0.81	0.15	0.88		0.46	-0.26	0.1	VRTX
MDT	0.25	0.06	0.34	0.47	0.65	0.45	0.46		0.31	-0.4	MDT
COR	0.92	-0.42	-0.31	0.12	0.57	-0.06	-0.26	0.31		-0.74	COR
HUM	-0.67	0.49	0.51	-0.19	-0.55	0.05	0.1	-0.4	-0.74		HUM
	MCK	CI	ELV	GSK	HCA	BMY	VRTX	MDT	COR	HUM

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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

COR	+ 0.92	MCK
BMY	+ 0.89	GSK
VRTX	+ 0.88	BMY
VRTX	+ 0.81	GSK
BMY	+ 0.73	ELV
VRTX	+ 0.68	ELV

High negative correlations

HUM	- 0.74	COR
HUM	- 0.67	MCK
HUM	- 0.55	HCA
COR	- 0.42	CI
HUM	- 0.4	MDT
CI	- 0.4	MCK

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
MCK	0.93	0.05	(0.01)	0.33	1.24	(0.95)	2.19	(2.22)	5.78
CI	1.46	(0.16)	0.00	(0.13)	0.00	0.00	3.20	(2.38)	19.84
ELV	1.35	0.00	0.01	0.07	1.56	(1.48)	3.40	(2.51)	8.06
GSK	1.12	0.15	0.07	0.44	1.29	(1.27)	2.41	(2.17)	8.39
HCA	1.13	0.10	0.04	0.27	1.47	(1.21)	2.91	(2.71)	8.70
BMY	1.31	0.33	0.22	0.63	1.01	(1.67)	3.59	(1.98)	11.16
VRTX	1.22	0.12	0.08	0.24	1.20	(1.39)	3.37	(2.36)	9.91
MDT	0.93	0.06	0.02	0.28	0.84	(1.19)	2.41	(1.62)	6.95
COR	0.88	0.10	0.03	0.47	1.29	(0.87)	1.79	(2.39)	7.13
HUM	1.73	(0.18)	0.00	(0.04)	0.00	0.00	3.83	(5.22)	12.22

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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