Universal Health Correlations

UHS Stock

USD 184.80 0.74 0.40%

The current 90-days correlation between Universal Health Services and The Ensign Group is 0.3 (i.e., Weak 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 0.15 (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

0.8	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.79	VMD	Viemed Healthcare	Pair Corr
0.75	PRPO	Precipio	Pair Corr
0.63	IINNW	Inspira Technologies Oxy	Pair Corr
0.71	UTMD	Utah Medical Products Earnings Call Next Week	Pair Corr
0.82	VRCA	Verrica Pharmaceuticals	Pair Corr
0.85	EOLS	Evolus Inc	Pair Corr
0.89	WINT	Windtree Therapeutics	Pair Corr
0.75	AZN	AstraZeneca PLC ADR	Pair Corr
0.85	GSK	GlaxoSmithKline PLC ADR Sell-off Trend	Pair Corr
0.94	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.78	LLY	Eli Lilly	Pair Corr
0.72	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.94	NVS	Novartis AG ADR	Pair Corr
0.64	PFE	Pfizer Inc Earnings Call Next Week	Pair Corr
0.77	SNY	Sanofi ADR	Pair Corr
0.7	HEPA	Hepion Pharmaceuticals	Pair Corr
0.87	HOOK	Hookipa Pharma	Pair Corr

Moving against Universal Stock

0.82	STRM	Streamline Health	Pair Corr
0.81	ETON	Eton Pharmaceuticals	Pair Corr
0.51	ELDN	Eledon Pharmaceuticals	Pair Corr
0.47	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.45	ENSC	Ensysce Biosciences Upward Rally	Pair Corr
0.44	LH	Laboratory	Pair Corr
0.68	FENC	Fennec Pharmaceuticals	Pair Corr
0.56	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.4	PBH	Prestige Brand Holdings	Pair Corr
0.38	XFOR	X4 Pharmaceuticals	Pair Corr
0.35	FBIO	Fortress Biotech	Pair Corr
0.72	IMMX	Immix Biopharma	Pair Corr
0.67	MESO	Mesoblast	Pair Corr
0.6	GILD	Gilead Sciences	Pair Corr
0.4	ITCI	Intracellular Th Trending	Pair Corr

Related Correlations Analysis

	ENSG	ADUS	EHC	SGRY	HCA	CYH	ACHC	THC	DVA	AMN
ENSG		-0.04	0.64	0.79	0.76	0.7	0.4	0.85	0.07	0.69	ENSG
ADUS	-0.04		-0.44	0.36	0.31	0.33	0.51	0.02	-0.05	0.41	ADUS
EHC	0.64	-0.44		0.26	0.22	0.24	-0.2	0.62	0.15	0.1	EHC
SGRY	0.79	0.36	0.26		0.94	0.91	0.7	0.84	0.03	0.88	SGRY
HCA	0.76	0.31	0.22	0.94		0.96	0.75	0.83	0.2	0.86	HCA
CYH	0.7	0.33	0.24	0.91	0.96		0.73	0.82	0.17	0.81	CYH
ACHC	0.4	0.51	-0.2	0.7	0.75	0.73		0.37	0.23	0.8	ACHC
THC	0.85	0.02	0.62	0.84	0.83	0.82	0.37		0.06	0.66	THC
DVA	0.07	-0.05	0.15	0.03	0.2	0.17	0.23	0.06		-0.04	DVA
AMN	0.69	0.41	0.1	0.88	0.86	0.81	0.8	0.66	-0.04		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	+ 0.96	HCA
HCA	+ 0.94	SGRY
CYH	+ 0.91	SGRY
AMN	+ 0.88	SGRY
AMN	+ 0.86	HCA
THC	+ 0.85	ENSG

High negative correlations

EHC	- 0.44	ADUS
ACHC	- 0.2	EHC
DVA	- 0.05	ADUS
AMN	- 0.04	DVA
ADUS	- 0.04	ENSG

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	1.02	(0.12)	0.00	(0.38)	0.00	0.00	2.32	(1.84)	10.08
ADUS	1.25	0.03	0.00	(0.39)	1.46	(1.33)	2.46	(2.51)	8.16
EHC	0.86	(0.03)	0.00	(0.07)	0.00	0.00	1.66	(1.93)	10.30
SGRY	2.52	(0.65)	0.00	(0.80)	0.00	0.00	3.73	(5.92)	17.45
HCA	1.13	(0.36)	0.00	(1.85)	0.00	0.00	2.05	(2.71)	11.09
CYH	2.65	(0.85)	0.00	(0.98)	0.00	0.00	3.95	(6.12)	28.57
ACHC	2.06	(0.35)	0.00	(1.31)	0.00	0.00	4.60	(3.21)	21.39
THC	1.95	(0.23)	0.00	(0.76)	0.00	0.00	3.19	(3.90)	21.18
DVA	1.38	0.04	0.01	0.06	2.36	(1.37)	2.92	(2.72)	12.49
AMN	3.02	(0.55)	0.00	(1.80)	0.00	0.00	5.11	(5.70)	33.44

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