Streamline Health Correlations

STRM Stock

USD 3.12 0.03 0.95%

The current 90-days correlation between Streamline Health and Forian Inc is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Streamline Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Streamline Health Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Streamline Health Correlation With Market

Significant diversification

The correlation between Streamline Health Solutions and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Streamline Health Solutions 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 Streamline Health Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Streamline Stock

0.68	EDAP	EDAP TMS SA	Pair Corr
0.62	EHAB	Enhabit	Pair Corr
0.71	ELAB	Elevai Labs, Common	Pair Corr
0.64	AMN	AMN Healthcare Services	Pair Corr
0.62	AWH	Aspira Womens Health	Pair Corr

Moving against Streamline Stock

0.72	ELMD	Electromed	Pair Corr
0.57	DOCS	Doximity	Pair Corr
0.57	ECOR	Electrocore LLC	Pair Corr
0.51	DRIO	DarioHealth Corp	Pair Corr
0.48	MD	Mednax Inc	Pair Corr
0.82	BVS	Bioventus	Pair Corr
0.69	BSX	Boston Scientific Corp	Pair Corr
0.45	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	HSTM	NRC	CPSI	NXGN	FORA	HQY	HCAT	AGTI
HSTM		-0.25	-0.16	0.06	-0.5	0.86	0.17	-0.26	HSTM
NRC	-0.25		0.12	0.23	0.67	-0.59	-0.07	0.07	NRC
CPSI	-0.16	0.12		0.71	0.6	-0.2	-0.67	0.42	CPSI
NXGN	0.06	0.23	0.71		0.62	-0.1	-0.44	0.2	NXGN
FORA	-0.5	0.67	0.6	0.62		-0.7	-0.53	0.26	FORA
HQY	0.86	-0.59	-0.2	-0.1	-0.7		0.18	-0.18	HQY
HCAT	0.17	-0.07	-0.67	-0.44	-0.53	0.18		-0.1	HCAT
AGTI	-0.26	0.07	0.42	0.2	0.26	-0.18	-0.1		AGTI
	HSTM	NRC	CPSI	NXGN	FORA	HQY	HCAT	AGTI

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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

HQY	+ 0.86	HSTM
NXGN	+ 0.71	CPSI
FORA	+ 0.67	NRC
FORA	+ 0.62	NXGN
FORA	+ 0.6	CPSI
AGTI	+ 0.42	CPSI

High negative correlations

HQY	- 0.7	FORA
HCAT	- 0.67	CPSI
HQY	- 0.59	NRC
HCAT	- 0.53	FORA
FORA	- 0.5	HSTM
HCAT	- 0.44	NXGN

Risk-Adjusted Indicators

There is a big difference between Streamline Stock performing well and Streamline Health 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 Streamline Health'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
HSTM	1.22	0.08	0.06	0.21	1.32	(1.35)	2.33	(2.00)	10.49
NRC	2.00	(0.31)	0.00	(0.05)	0.00	0.00	4.51	(4.72)	13.17
CPSI	1.50	(0.12)	0.00	0.43	0.00	0.00	2.85	(3.01)	14.25
NXGN	1.10	(0.08)	0.00	0.54	0.00	0.00	2.81	(2.35)	7.28
FORA	1.18	(0.16)	0.00	(1.24)	0.00	0.00	2.82	(2.38)	12.38
HQY	1.59	0.29	0.22	0.28	1.40	(1.93)	3.46	(2.12)	15.16
HCAT	2.46	0.02	0.04	0.13	3.07	(2.57)	6.14	(5.64)	16.86
AGTI	2.06	(0.02)	(0.04)	0.05	2.87	(1.81)	4.03	(4.45)	10.75

Streamline Health Corporate Management

Ben Stilwill	President	Profile
Donald Vick	Director Analytics	Profile
Bryant Reeves	Interim Staff	Profile
Lance Seach	Senior Development	Profile
Jawad Shaikh	Chief Officer	Profile
Benjamin Stilwill	Chief Officer	Profile

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