Universal Health Correlations

UHS Stock

USD 197.61 0.09 0.05%

The current 90-days correlation between Universal Health Services and The Ensign Group is 0.27 (i.e., Modest diversification). The correlation of Universal Health 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.

Universal Health Correlation With Market

Average diversification

The correlation between Universal Health Services and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Universal Health Services 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 Universal Health Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Universal Stock

0.71	CI	Cigna Corp	Pair Corr
0.78	VERO	Venus Concept	Pair Corr
0.83	EKSO	Ekso Bionics Holdings	Pair Corr
0.69	ELAB	Elevai Labs, Common	Pair Corr
0.62	FLGT	Fulgent Genetics	Pair Corr
0.81	AGL	agilon health	Pair Corr
0.73	ALC	Alcon AG	Pair Corr
0.78	AMN	AMN Healthcare Services	Pair Corr
0.8	BAX	Baxter International	Pair Corr

Moving against Universal Stock

0.78	MD	Mednax Inc	Pair Corr
0.78	ECOR	Electrocore LLC Upward Rally	Pair Corr
0.76	ELMD	Electromed	Pair Corr
0.7	VREX	Varex Imaging Corp	Pair Corr
0.64	DOCS	Doximity	Pair Corr
0.57	OM	Outset Medical	Pair Corr
0.48	LH	Laboratory	Pair Corr
0.36	DXCM	DexCom Inc	Pair Corr
0.31	GH	Guardant Health	Pair Corr
0.61	BSX	Boston Scientific Corp	Pair Corr
0.59	XAIR	Beyond Air	Pair Corr
0.35	BVS	Bioventus	Pair Corr
0.31	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	ENSG	ADUS	EHC	SGRY	HCA	CYH	ACHC	THC	DVA	AMN
ENSG		0.21	0.0	0.28	0.08	-0.01	0.2	0.13	-0.26	0.24	ENSG
ADUS	0.21		-0.49	0.86	0.76	0.72	0.69	0.46	0.21	0.77	ADUS
EHC	0.0	-0.49		-0.4	-0.59	-0.57	-0.83	0.15	-0.18	-0.76	EHC
SGRY	0.28	0.86	-0.4		0.84	0.79	0.6	0.46	0.18	0.69	SGRY
HCA	0.08	0.76	-0.59	0.84		0.93	0.68	0.34	0.44	0.66	HCA
CYH	-0.01	0.72	-0.57	0.79	0.93		0.72	0.41	0.43	0.62	CYH
ACHC	0.2	0.69	-0.83	0.6	0.68	0.72		0.31	0.13	0.87	ACHC
THC	0.13	0.46	0.15	0.46	0.34	0.41	0.31		0.03	0.27	THC
DVA	-0.26	0.21	-0.18	0.18	0.44	0.43	0.13	0.03		-0.11	DVA
AMN	0.24	0.77	-0.76	0.69	0.66	0.62	0.87	0.27	-0.11		AMN
	ENSG	ADUS	EHC	SGRY	HCA	CYH	ACHC	THC	DVA	AMN

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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

CYH	+ 0.93	HCA
AMN	+ 0.87	ACHC
SGRY	+ 0.86	ADUS
HCA	+ 0.84	SGRY
CYH	+ 0.79	SGRY
AMN	+ 0.77	ADUS

High negative correlations

ACHC	- 0.83	EHC
AMN	- 0.76	EHC
HCA	- 0.59	EHC
CYH	- 0.57	EHC
EHC	- 0.49	ADUS
SGRY	- 0.4	EHC

Risk-Adjusted Indicators

There is a big difference between Universal Stock performing well and Universal 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 Universal 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
ENSG	1.06	0.05	(0.04)	(0.11)	1.65	(1.04)	2.32	(2.11)	10.08
ADUS	1.15	(0.24)	0.00	(0.13)	0.00	0.00	2.13	(2.48)	7.74
EHC	0.88	0.13	0.06	0.48	0.88	(0.94)	1.76	(1.86)	9.75
SGRY	2.33	(0.37)	0.00	(0.13)	0.00	0.00	3.73	(4.88)	31.36
HCA	1.17	(0.20)	0.00	(1.14)	0.00	0.00	2.06	(2.82)	11.25
CYH	2.83	(0.48)	0.00	(0.21)	0.00	0.00	5.15	(6.25)	30.14
ACHC	2.23	(1.08)	0.00	(0.85)	0.00	0.00	3.36	(5.78)	22.87
THC	2.04	(0.11)	0.00	(0.14)	0.00	0.00	3.81	(4.49)	21.18
DVA	1.33	0.11	0.02	0.42	2.24	(1.37)	3.21	(2.24)	14.55
AMN	2.86	(1.03)	0.00	(0.73)	0.00	0.00	4.43	(5.71)	36.93

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