R1 RCM Correlations

Summary

RCMDelisted Stock

USD 14.31 0.01 0.07%

The current 90-days correlation between R1 RCM Inc and Veradigm is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as R1 RCM moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if R1 RCM Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

R1 RCM Correlation With Market

Good diversification

The correlation between R1 RCM Inc and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding R1 RCM Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with RCM Stock

0.79	BA	Boeing	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.64	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.86	AXP	American Express	Pair Corr

Moving against RCM Stock

0.84	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.82	JNJ	Johnson Johnson	Pair Corr
0.78	PTAIF	PT Astra International	Pair Corr
0.77	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.71	PTAIY	Astra International Tbk	Pair Corr
0.69	KO	Coca Cola Earnings Call This Week	Pair Corr
0.68	INTC	Intel	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.51	TRV	The Travelers Companies	Pair Corr
0.48	MCD	McDonalds Earnings Call This Week	Pair Corr
0.47	VZ	Verizon Communications	Pair Corr
0.35	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MDRX	NRC	CPSI	DH	HSTM	EVH	AGTI	CMAX	CERT	PRVA
MDRX		-0.34	0.31	0.14	-0.16	0.04	-0.06	-0.11	0.62	0.17	MDRX
NRC	-0.34		-0.09	0.3	0.23	0.23	-0.03	0.54	-0.26	0.27	NRC
CPSI	0.31	-0.09		-0.14	-0.75	0.7	0.42	0.38	-0.04	-0.62	CPSI
DH	0.14	0.3	-0.14		0.53	-0.28	0.3	-0.21	0.61	0.55	DH
HSTM	-0.16	0.23	-0.75	0.53		-0.78	-0.15	-0.52	0.43	0.83	HSTM
EVH	0.04	0.23	0.7	-0.28	-0.78		0.13	0.79	-0.43	-0.62	EVH
AGTI	-0.06	-0.03	0.42	0.3	-0.15	0.13		-0.03	0.08	-0.22	AGTI
CMAX	-0.11	0.54	0.38	-0.21	-0.52	0.79	-0.03		-0.5	-0.31	CMAX
CERT	0.62	-0.26	-0.04	0.61	0.43	-0.43	0.08	-0.5		0.6	CERT
PRVA	0.17	0.27	-0.62	0.55	0.83	-0.62	-0.22	-0.31	0.6		PRVA
	MDRX	NRC	CPSI	DH	HSTM	EVH	AGTI	CMAX	CERT	PRVA

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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

PRVA	+ 0.83	HSTM
CMAX	+ 0.79	EVH
EVH	+ 0.7	CPSI
CERT	+ 0.62	MDRX
CERT	+ 0.61	DH
PRVA	+ 0.6	CERT

High negative correlations

EVH	- 0.78	HSTM
HSTM	- 0.75	CPSI
PRVA	- 0.62	EVH
PRVA	- 0.62	CPSI
CMAX	- 0.52	HSTM
CERT	- 0.5	CMAX

Risk-Adjusted Indicators

There is a big difference between RCM Stock performing well and R1 RCM 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 R1 RCM'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
MDRX	1.27	0.10	0.01	0.64	2.08	(1.14)	2.58	(3.07)	8.73
NRC	2.20	(0.19)	0.00	(0.20)	0.00	0.00	4.29	(4.35)	18.65
CPSI	1.50	(0.16)	0.00	(7.62)	0.00	0.00	2.85	(3.01)	14.25
DH	2.27	0.21	0.07	0.51	2.27	(2.93)	5.83	(4.35)	16.28
HSTM	0.98	0.15	0.08	0.36	1.09	(1.00)	2.33	(2.00)	8.52
EVH	3.50	(0.77)	0.00	0.79	0.00	0.00	5.49	(9.77)	51.11
AGTI	2.06	0.03	(0.02)	(0.08)	2.87	(1.81)	4.03	(4.45)	10.75
CMAX	19.91	(4.60)	0.00	2.91	0.00	0.00	32.03	(56.52)	242.98
CERT	2.18	0.36	0.16	0.36	1.98	(2.48)	6.08	(3.72)	13.03
PRVA	1.92	0.37	0.15	0.84	2.03	(2.17)	4.34	(3.55)	15.04

View R1 RCM Related Equities

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Risk & Return

Correlation

R1 RCM Corporate Management

Brian Gambs	EVP Officer	Profile
Sean Radcliffe	General VP	Profile
Pamela Spikner	Principal Officer	Profile
Atif Rahim	Sr Devel	Profile
Kate Sanderson	Executive Officer	Profile
Evan CFA	Senior Relations	Profile

Still Interested in R1 RCM Inc?

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