Select Medical Correlations

SEM Stock

USD 19.07 0.11 0.57%

The current 90-days correlation between Select Medical Holdings and The Ensign Group is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Select Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Select Medical Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Select Medical Correlation With Market

Average diversification

The correlation between Select Medical Holdings and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Select Medical Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Select Medical Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Select Stock

0.75	LH	Laboratory	Pair Corr
0.73	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.83	PBH	Prestige Brand Holdings	Pair Corr

Moving against Select Stock

0.49	ADUS	Addus HomeCare	Pair Corr
0.46	DRMA	Dermata Therapeutics	Pair Corr
0.34	VRCA	Verrica Pharmaceuticals	Pair Corr
0.68	PFE	Pfizer Inc Earnings Call Next Week	Pair Corr
0.68	RDY	Dr Reddys Laboratories Earnings Call Next Week	Pair Corr
0.65	AZN	AstraZeneca PLC ADR	Pair Corr
0.52	SNY	Sanofi ADR	Pair Corr
0.5	LLY	Eli Lilly	Pair Corr
0.47	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.4	GSK	GlaxoSmithKline PLC ADR Sell-off Trend	Pair Corr
0.32	XFOR	X4 Pharmaceuticals	Pair Corr
0.41	INZY	Inozyme Pharma	Pair Corr
0.32	MBIO	Mustang Bio Downward Rally	Pair Corr

Related Correlations Analysis

	ENSG	EHC	INNV	EHAB	PNTG	ACHC	ADUS	NHC	MD
ENSG		0.64	0.9	-0.43	0.92	0.4	-0.04	0.73	0.18	ENSG
EHC	0.64		0.53	0.17	0.56	-0.2	-0.44	0.83	0.73	EHC
INNV	0.9	0.53		-0.45	0.94	0.51	0.08	0.71	0.12	INNV
EHAB	-0.43	0.17	-0.45		-0.45	-0.49	-0.16	-0.02	0.43	EHAB
PNTG	0.92	0.56	0.94	-0.45		0.54	0.08	0.76	0.1	PNTG
ACHC	0.4	-0.2	0.51	-0.49	0.54		0.51	-0.02	-0.63	ACHC
ADUS	-0.04	-0.44	0.08	-0.16	0.08	0.51		-0.3	-0.36	ADUS
NHC	0.73	0.83	0.71	-0.02	0.76	-0.02	-0.3		0.56	NHC
MD	0.18	0.73	0.12	0.43	0.1	-0.63	-0.36	0.56		MD
	ENSG	EHC	INNV	EHAB	PNTG	ACHC	ADUS	NHC	MD

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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

PNTG	+ 0.94	INNV
PNTG	+ 0.92	ENSG
INNV	+ 0.9	ENSG
NHC	+ 0.83	EHC
NHC	+ 0.76	PNTG
NHC	+ 0.73	ENSG

High negative correlations

MD	- 0.63	ACHC
ACHC	- 0.49	EHAB
PNTG	- 0.45	EHAB
EHAB	- 0.45	INNV
ADUS	- 0.44	EHC
EHAB	- 0.43	ENSG

Risk-Adjusted Indicators

There is a big difference between Select Stock performing well and Select Medical 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 Select Medical'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
ENSG	1.02	(0.12)	0.00	(0.38)	0.00	0.00	2.32	(1.84)	10.08
EHC	0.86	(0.03)	0.00	(0.07)	0.00	0.00	1.66	(1.93)	10.30
INNV	2.47	(0.73)	0.00	(0.84)	0.00	0.00	3.17	(5.51)	22.97
EHAB	1.70	0.18	0.08	0.52	1.77	(2.06)	4.08	(3.25)	17.54
PNTG	1.75	(0.35)	0.00	(2.22)	0.00	0.00	3.76	(3.74)	8.51
ACHC	2.06	(0.35)	0.00	(1.31)	0.00	0.00	4.60	(3.21)	21.39
ADUS	1.25	0.03	0.00	(0.39)	1.46	(1.33)	2.46	(2.51)	8.16
NHC	1.39	(0.30)	0.00	(0.51)	0.00	0.00	3.12	(3.24)	13.46
MD	1.93	0.22	0.11	0.79	1.73	(2.35)	3.63	(3.02)	27.59

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