TruBridge Correlations

TBRG Stock

USD 19.69 0.19 0.97%

The current 90-days correlation between TruBridge and Spok Holdings is 0.21 (i.e., Modest diversification). The correlation of TruBridge 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.

TruBridge Correlation With Market

Very good diversification

The correlation between TruBridge and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TruBridge and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with TruBridge Stock

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

For more detail on how to invest in TruBridge Stock please use our How to Invest in TruBridge guide.

Moving together with TruBridge Stock

0.68	DH	Definitive Healthcare Earnings Call This Week	Pair Corr
0.79	DOCS	Doximity	Pair Corr
0.65	VEEV	Veeva Systems Class	Pair Corr
0.65	VSEE	VSee Health	Pair Corr
0.68	4LL	Teladoc Earnings Call Next Week	Pair Corr
0.79	EVH	Evolent Health Earnings Call Next Week	Pair Corr
0.73	PHR	Phreesia	Pair Corr
0.77	WAY	Waystar Holding Corp Buyout Trend	Pair Corr
0.77	GDRX	Goodrx Holdings Earnings Call Next Week	Pair Corr
0.62	HCAT	Health Catalyst	Pair Corr
0.63	HL5	HealthStream Earnings Call This Week	Pair Corr
0.77	HSTM	HealthStream Earnings Call This Week	Pair Corr
0.7	EQS	Equasens S A	Pair Corr

Moving against TruBridge Stock

0.72	ALMDT	Mediantechn	Pair Corr
0.63	AJ91	DocCheck AG	Pair Corr
0.45	FDBK	Feedback PLC Earnings Call This Week	Pair Corr
0.63	CHS	Comprehensive Healthcare	Pair Corr
0.52	DOC	Doctor Care Anywhere Earnings Call Next Week	Pair Corr
0.33	KOO	Kooth plc	Pair Corr

Related Correlations Analysis

	SPOK	DH	NRC	CERS	LFMD	OPRX	SOPH	SLP	MASS	SENS
SPOK		-0.58	-0.04	0.65	-0.58	-0.32	0.29	-0.33	0.5	0.67	SPOK
DH	-0.58		0.54	-0.39	0.76	0.32	0.16	0.7	-0.46	-0.72	DH
NRC	-0.04	0.54		0.43	0.5	-0.07	0.59	0.74	-0.32	-0.05	NRC
CERS	0.65	-0.39	0.43		-0.24	-0.35	0.57	0.13	0.16	0.7	CERS
LFMD	-0.58	0.76	0.5	-0.24		0.34	0.16	0.65	-0.41	-0.4	LFMD
OPRX	-0.32	0.32	-0.07	-0.35	0.34		-0.36	0.22	-0.12	-0.36	OPRX
SOPH	0.29	0.16	0.59	0.57	0.16	-0.36		0.44	0.17	0.37	SOPH
SLP	-0.33	0.7	0.74	0.13	0.65	0.22	0.44		-0.27	-0.26	SLP
MASS	0.5	-0.46	-0.32	0.16	-0.41	-0.12	0.17	-0.27		0.53	MASS
SENS	0.67	-0.72	-0.05	0.7	-0.4	-0.36	0.37	-0.26	0.53		SENS
	SPOK	DH	NRC	CERS	LFMD	OPRX	SOPH	SLP	MASS	SENS

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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

LFMD	+ 0.76	DH
SLP	+ 0.74	NRC
SLP	+ 0.7	DH
SENS	+ 0.7	CERS
SENS	+ 0.67	SPOK
CERS	+ 0.65	SPOK

High negative correlations

SENS	- 0.72	DH
LFMD	- 0.58	SPOK
DH	- 0.58	SPOK
MASS	- 0.46	DH
MASS	- 0.41	LFMD
SENS	- 0.4	LFMD

Risk-Adjusted Indicators

There is a big difference between TruBridge Stock performing well and TruBridge 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 TruBridge'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
SPOK	0.96	0.15	0.09	(0.86)	1.01	(1.10)	2.33	(1.44)	5.59
DH	2.82	(0.68)	0.00	0.92	0.00	0.00	4.20	(7.26)	30.23
NRC	3.00	(0.37)	0.00	0.68	0.00	0.00	4.32	(5.85)	27.21
CERS	3.26	0.83	0.20	(5.82)	3.38	(4.03)	8.73	(5.22)	21.55
LFMD	3.60	(0.42)	0.00	1.27	0.00	0.00	8.55	(6.87)	28.11
OPRX	2.93	(0.89)	0.00	(32.02)	0.00	0.00	6.58	(6.80)	18.56
SOPH	2.61	0.02	0.02	0.06	2.95	(3.18)	5.62	(6.03)	24.71
SLP	2.46	(0.42)	0.00	1.20	0.00	0.00	5.08	(4.95)	22.31
MASS	2.87	0.34	0.11	2.35	2.68	(3.73)	6.91	(3.95)	23.15
SENS	3.24	0.51	0.12	0.61	3.44	(3.40)	8.04	(7.00)	18.36

TruBridge Corporate Management

Lance Park	VP Officer	Profile
Claire Stephens	Senior AHT	Profile
Kevin Plessner	Corporate Secretary	Profile
Robert Hinckle	Senior Services	Profile
James MBA	Senior TruBridge	Profile
Jody Harbour	Senior Management	Profile
Tracey Schroeder	Chief Officer	Profile

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