US Physicalrapy Correlations

USPH Stock

USD 89.02 0.47 0.53%

The current 90-days correlation between US Physicalrapy and InnovAge Holding Corp is 0.27 (i.e., Modest 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

Average diversification

The correlation between US Physicalrapy and DJI is 0.11 (i.e., Average 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

0.87	VREX	Varex Imaging Corp Earnings Call This Week	Pair Corr
0.8	ENOV	Enovis Corp	Pair Corr
0.64	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.82	HSTM	HealthStream	Pair Corr
0.73	MASI	Masimo	Pair Corr

Moving against USPH Stock

0.59	FIGS	Figs Inc	Pair Corr
0.54	EVH	Evolent Health	Pair Corr
0.49	TFX	Teleflex Incorporated	Pair Corr
0.31	MOH	Molina Healthcare Earnings Call This Week	Pair Corr
0.66	WGSWW	GeneDx Holdings Corp	Pair Corr
0.63	XTNT	Xtant Medical Holdings	Pair Corr
0.53	GCTK	GlucoTrack	Pair Corr
0.46	AKYA	Akoya Biosciences	Pair Corr
0.4	HSCSW	Heart Test Laboratories	Pair Corr

Related Correlations Analysis

	ACHC	THC	HCA	DVA	INNV	AGL	EHAB	ENSG	PNTG	SGRY
ACHC		0.06	0.42	0.12	0.16	0.58	-0.21	0.25	0.15	0.38	ACHC
THC	0.06		0.87	-0.13	0.87	-0.04	-0.31	0.84	0.86	0.82	THC
HCA	0.42	0.87		-0.06	0.85	0.16	-0.44	0.87	0.84	0.9	HCA
DVA	0.12	-0.13	-0.06		-0.37	0.47	0.32	-0.1	-0.17	-0.26	DVA
INNV	0.16	0.87	0.85	-0.37		-0.2	-0.43	0.88	0.93	0.89	INNV
AGL	0.58	-0.04	0.16	0.47	-0.2		0.29	0.0	-0.19	0.03	AGL
EHAB	-0.21	-0.31	-0.44	0.32	-0.43	0.29		-0.35	-0.4	-0.45	EHAB
ENSG	0.25	0.84	0.87	-0.1	0.88	0.0	-0.35		0.92	0.81	ENSG
PNTG	0.15	0.86	0.84	-0.17	0.93	-0.19	-0.4	0.92		0.82	PNTG
SGRY	0.38	0.82	0.9	-0.26	0.89	0.03	-0.45	0.81	0.82		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

PNTG	+ 0.93	INNV
PNTG	+ 0.92	ENSG
SGRY	+ 0.9	HCA
SGRY	+ 0.89	INNV
ENSG	+ 0.88	INNV
HCA	+ 0.87	THC

High negative correlations

SGRY	- 0.45	EHAB
EHAB	- 0.44	HCA
EHAB	- 0.43	INNV
PNTG	- 0.4	EHAB
INNV	- 0.37	DVA
ENSG	- 0.35	EHAB

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	1.84	(0.16)	0.00	(2.82)	0.00	0.00	4.60	(3.00)	19.21
THC	1.91	(0.08)	0.00	(0.13)	0.00	0.00	2.99	(3.84)	21.18
HCA	1.24	(0.29)	0.00	(0.63)	0.00	0.00	2.13	(2.80)	8.86
DVA	1.41	0.06	0.02	0.16	2.37	(1.41)	3.08	(2.69)	11.60
INNV	2.41	(0.62)	0.00	(0.49)	0.00	0.00	3.79	(5.51)	22.97
AGL	5.41	0.70	0.08	1.33	7.81	(5.70)	11.56	(9.04)	39.93
EHAB	1.78	0.30	0.11	0.83	1.69	(2.22)	4.08	(3.25)	17.54
ENSG	1.06	(0.09)	0.00	(0.17)	0.00	0.00	2.32	(1.84)	10.08
PNTG	1.66	(0.29)	0.00	(1.93)	0.00	0.00	3.76	(3.63)	8.51
SGRY	2.84	(0.22)	0.00	2.95	0.00	0.00	4.58	(5.92)	17.45

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