US Physicalrapy Correlations

USPH Stock

USD 98.02 0.19 0.19%

The current 90-days correlation between US Physicalrapy and InnovAge Holding Corp is 0.42 (i.e., Very weak diversification). The correlation of US Physicalrapy 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.

US Physicalrapy Correlation With Market

Poor diversification

The correlation between US Physicalrapy and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Physicalrapy 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 US Physicalrapy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving together with USPH Stock

0.8	GH	Guardant Health	Pair Corr
0.79	LH	Laboratory	Pair Corr
0.62	MD	Mednax Inc	Pair Corr
0.65	OM	Outset Medical	Pair Corr
0.77	VREX	Varex Imaging Corp	Pair Corr
0.79	ENOV	Enovis Corp	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr

Moving against USPH Stock

0.58	EKSO	Ekso Bionics Holdings	Pair Corr
0.47	DRIO	DarioHealth Corp	Pair Corr
0.4	VERO	Venus Concept	Pair Corr
0.31	ELAB	Elevai Labs, Common	Pair Corr
0.67	ALC	Alcon AG	Pair Corr
0.61	BDX	Becton Dickinson	Pair Corr
0.6	FIGS	Figs Inc	Pair Corr
0.54	AHG	Akso Health Group	Pair Corr
0.53	BAX	Baxter International	Pair Corr
0.51	AGL	agilon health Buyout Trend	Pair Corr
0.5	AMN	AMN Healthcare Services	Pair Corr
0.45	FEMY	Femasys	Pair Corr
0.43	BKD	Brookdale Senior Living	Pair Corr
0.37	FLGT	Fulgent Genetics	Pair Corr

Related Correlations Analysis

	ACHC	THC	HCA	DVA	INNV	AGL	EHAB	ENSG	PNTG	SGRY
ACHC		0.35	0.7	0.11	0.62	0.89	0.67	0.24	0.54	0.63	ACHC
THC	0.35		0.4	-0.02	0.51	0.39	0.58	0.15	0.5	0.51	THC
HCA	0.7	0.4		0.37	0.57	0.77	0.25	0.1	0.69	0.86	HCA
DVA	0.11	-0.02	0.37		-0.31	0.04	-0.02	-0.29	0.4	0.11	DVA
INNV	0.62	0.51	0.57	-0.31		0.7	0.48	0.43	0.5	0.77	INNV
AGL	0.89	0.39	0.77	0.04	0.7		0.58	0.1	0.58	0.76	AGL
EHAB	0.67	0.58	0.25	-0.02	0.48	0.58		0.05	0.35	0.35	EHAB
ENSG	0.24	0.15	0.1	-0.29	0.43	0.1	0.05		0.24	0.28	ENSG
PNTG	0.54	0.5	0.69	0.4	0.5	0.58	0.35	0.24		0.75	PNTG
SGRY	0.63	0.51	0.86	0.11	0.77	0.76	0.35	0.28	0.75		SGRY
	ACHC	THC	HCA	DVA	INNV	AGL	EHAB	ENSG	PNTG	SGRY

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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	+ 0.89	ACHC
SGRY	+ 0.86	HCA
AGL	+ 0.77	HCA
SGRY	+ 0.77	INNV
SGRY	+ 0.76	AGL
SGRY	+ 0.75	PNTG

High negative correlations

INNV	- 0.31	DVA
ENSG	- 0.29	DVA
EHAB	- 0.02	DVA
DVA	- 0.02	THC

Risk-Adjusted Indicators

There is a big difference between USPH Stock performing well and US Physicalrapy 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 US Physicalrapy'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
ACHC	2.23	(1.11)	0.00	(0.86)	0.00	0.00	3.36	(5.78)	22.87
THC	2.06	(0.18)	0.00	(0.31)	0.00	0.00	3.81	(4.49)	21.18
HCA	1.18	(0.26)	0.00	(1.71)	0.00	0.00	2.06	(2.82)	11.25
DVA	1.33	0.09	0.01	0.38	2.24	(1.36)	3.21	(2.24)	14.55
INNV	2.19	(0.53)	0.00	(0.16)	0.00	0.00	4.28	(4.81)	11.60
AGL	5.02	(1.37)	0.00	(0.37)	0.00	0.00	9.09	(11.52)	45.03
EHAB	1.92	(0.23)	0.00	(0.05)	0.00	0.00	5.22	(4.56)	11.79
ENSG	1.06	0.03	(0.07)	(0.01)	1.63	(1.04)	2.32	(2.11)	10.08
PNTG	2.19	(0.27)	0.00	(0.04)	0.00	0.00	4.19	(3.97)	13.06
SGRY	2.31	(0.47)	0.00	(0.17)	0.00	0.00	3.73	(4.88)	31.36

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