Oncology Institute Correlations

TOI Stock

USD 1.00 0.01 0.99%

The current 90-days correlation between Oncology Institute and Medical Facilities is -0.02 (i.e., Good diversification). The correlation of Oncology Institute 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.

Oncology Institute Correlation With Market

Significant diversification

The correlation between Oncology Institute and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oncology Institute 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 Oncology Institute. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with Oncology Stock

0.61

LNSR

LENSAR Inc

Pair Corr

Moving against Oncology Stock

0.69	NHC	National HealthCare	Pair Corr
0.45	ESPR	Esperion Therapeutics	Pair Corr
0.39	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.38	PNTG	Pennant Group	Pair Corr
0.31	EHC	Encompass Health Corp Earnings Call This Week	Pair Corr
0.74	002382	Blue Sail Medical	Pair Corr
0.68	600587	Shinva Medical Instrument	Pair Corr
0.67	300981	Zhonghong Pulin Medical	Pair Corr
0.65	300869	Contec Medical Systems	Pair Corr
0.64	301370	GKHT Medical Technology	Pair Corr
0.6	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.6	688198	Beijing Balance Medical	Pair Corr
0.5	LFCR	Lifecore Biomedical	Pair Corr
0.48	AQST	Aquestive Therapeutics	Pair Corr
0.46	688139	Qingdao Haier Biomedical	Pair Corr
0.43	688626	Xiangyu Medical	Pair Corr
0.35	301367	BMC Medical	Pair Corr
0.35	VTI	Visioneering Technologies	Pair Corr

Related Correlations Analysis

	RMYHY	MFCSF	JNHMF	MCIOF	FSNUY	CANO	LFST	AGL	PNTG	BKD
RMYHY		-0.29	0.22	0.0	-0.21	-0.46	-0.76	-0.33	0.87	0.85	RMYHY
MFCSF	-0.29		-0.2	0.0	0.16	0.66	0.52	0.22	-0.25	-0.47	MFCSF
JNHMF	0.22	-0.2		0.0	0.12	-0.11	-0.26	0.04	0.33	0.33	JNHMF
MCIOF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MCIOF
FSNUY	-0.21	0.16	0.12	0.0		0.18	0.38	0.9	-0.06	0.02	FSNUY
CANO	-0.46	0.66	-0.11	0.0	0.18		0.6	0.25	-0.56	-0.57	CANO
LFST	-0.76	0.52	-0.26	0.0	0.38	0.6		0.51	-0.63	-0.73	LFST
AGL	-0.33	0.22	0.04	0.0	0.9	0.25	0.51		-0.19	-0.06	AGL
PNTG	0.87	-0.25	0.33	0.0	-0.06	-0.56	-0.63	-0.19		0.84	PNTG
BKD	0.85	-0.47	0.33	0.0	0.02	-0.57	-0.73	-0.06	0.84		BKD
	RMYHY	MFCSF	JNHMF	MCIOF	FSNUY	CANO	LFST	AGL	PNTG	BKD

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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

AGL	+ 0.9	FSNUY
PNTG	+ 0.87	RMYHY
BKD	+ 0.85	RMYHY
BKD	+ 0.84	PNTG
CANO	+ 0.66	MFCSF
LFST	+ 0.6	CANO

High negative correlations

LFST	- 0.76	RMYHY
BKD	- 0.73	LFST
PNTG	- 0.63	LFST
BKD	- 0.57	CANO
PNTG	- 0.56	CANO
BKD	- 0.47	MFCSF

Risk-Adjusted Indicators

There is a big difference between Oncology Stock performing well and Oncology Institute 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 Oncology Institute'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
RMYHY	1.30	(0.52)	0.00	2.09	0.00	0.00	0.00	(4.57)	26.48
MFCSF	1.20	0.08	0.00	1.30	1.11	(1.69)	3.58	(2.02)	7.68
JNHMF	12.05	3.88	0.00	7.03	0.00	0.00	20.83	0.00	250.46
MCIOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSNUY	1.06	0.05	0.00	0.20	1.14	(1.20)	2.20	(1.86)	5.16
CANO	4.54	0.40	0.04	(0.31)	4.70	(6.08)	11.11	(9.77)	36.13
LFST	1.57	0.19	0.07	0.47	1.69	(1.67)	3.84	(3.36)	13.30
AGL	5.41	0.70	0.08	1.33	7.81	(5.70)	11.56	(9.04)	39.93
PNTG	1.66	(0.29)	0.00	(1.93)	0.00	0.00	3.76	(3.63)	8.51
BKD	1.78	(0.40)	0.00	(1.99)	0.00	0.00	3.10	(4.13)	14.96

Oncology Institute Corporate Management

FACHE MD	Chief Officer	Profile
Mark Esq	General Counsel	Profile
Rob Carter	Senior Finance	Profile
Bradford Hively	CEO Director	Profile
Rakesh MBA	Director Technology	Profile
Laura Szitar	Chief Officer	Profile
Richard Barasch	Executive Board	Profile

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