RadNet Correlations

RDNT Stock

USD 59.86 1.02 1.68%

The current 90-days correlation between RadNet Inc and Sotera Health Co is 0.1 (i.e., Average diversification). The correlation of RadNet 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. If the correlation is 0, the equities are not correlated; they are entirely random.

RadNet Correlation With Market

Good diversification

The correlation between RadNet Inc and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RadNet 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, which includes a position in RadNet Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with RadNet Stock

0.69	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.81	PBH	Prestige Brand Holdings	Pair Corr

Moving against RadNet Stock

0.68	ADUS	Addus HomeCare	Pair Corr
0.53	DRMA	Dermata Therapeutics	Pair Corr
0.66	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.66	RDY	Dr Reddys Laboratories Earnings Call This Week	Pair Corr
0.57	SNY	Sanofi ADR	Pair Corr
0.45	AZN	AstraZeneca PLC ADR	Pair Corr
0.36	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	CUE	Cue Biopharma	Pair Corr
0.31	ITCI	Intracellular Th Trending	Pair Corr

Related Correlations Analysis

	SHC	SYNH	NEOG	MYGN	BIAFW	ABMC	ARYC	BDSX	GTH	FONR
SHC		0.0	0.66	0.79	0.64	0.0	0.0	0.6	0.0	-0.25	SHC
SYNH	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SYNH
NEOG	0.66	0.0		0.53	0.68	0.0	0.0	0.18	0.0	0.14	NEOG
MYGN	0.79	0.0	0.53		0.8	0.0	0.0	0.7	0.0	0.12	MYGN
BIAFW	0.64	0.0	0.68	0.8		0.0	0.0	0.38	0.0	0.24	BIAFW
ABMC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ABMC
ARYC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ARYC
BDSX	0.6	0.0	0.18	0.7	0.38	0.0	0.0		0.0	-0.02	BDSX
GTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GTH
FONR	-0.25	0.0	0.14	0.12	0.24	0.0	0.0	-0.02	0.0		FONR
	SHC	SYNH	NEOG	MYGN	BIAFW	ABMC	ARYC	BDSX	GTH	FONR

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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

BIAFW	+ 0.8	MYGN
MYGN	+ 0.79	SHC
BDSX	+ 0.7	MYGN
BIAFW	+ 0.68	NEOG
NEOG	+ 0.66	SHC
BIAFW	+ 0.64	SHC

High negative correlations

FONR	- 0.25	SHC
FONR	- 0.02	BDSX
FONR	- 0.0	GTH
GTH	- 0.0	BDSX
FONR	- 0.0	ARYC
GTH	- 0.0	ARYC

Risk-Adjusted Indicators

There is a big difference between RadNet Stock performing well and RadNet 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 RadNet'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
SHC	1.53	(0.24)	0.00	0.92	0.00	0.00	3.45	(3.00)	10.53
SYNH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEOG	2.23	(0.27)	0.00	(0.53)	0.00	0.00	3.99	(5.43)	12.51
MYGN	2.18	(1.02)	0.00	(23.59)	0.00	0.00	2.93	(5.41)	20.32
BIAFW	11.06	(0.04)	0.00	0.00	13.48	(13.52)	28.21	(26.92)	96.67
ABMC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARYC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDSX	3.07	(0.39)	0.00	(0.78)	0.00	0.00	6.67	(6.67)	29.63
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FONR	1.34	(0.02)	(0.01)	0.00	1.63	(1.43)	2.13	(2.81)	13.34

RadNet Corporate Executives

Elected by the shareholders, the RadNet's board of directors comprises two types of representatives: RadNet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RadNet. The board's role is to monitor RadNet's management team and ensure that shareholders' interests are well served. RadNet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RadNet's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Mark Stolper	CFO and Executive VP	Profile
	Stephen Forthuber	COO of Eastern Operations and Executive VP	Profile

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