Acadia Healthcare Correlations
| 7RA Stock | EUR 42.40 0.20 0.47% |
The current 90-days correlation between Acadia Healthcare and Fresenius Medical Care is -0.06 (i.e., Good diversification). The correlation of Acadia Healthcare 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.
Acadia Healthcare Correlation With Market
Good diversification
The correlation between Acadia Healthcare and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Healthcare and DJI in the same portfolio, assuming nothing else is changed.
Acadia |
The ability to find closely correlated positions to Acadia Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadia Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acadia Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acadia Healthcare to buy it.
Moving together with Acadia Stock
| 0.63 | VOWB | VOLKSWAGEN AG VZ | PairCorr |
| 0.66 | VOW3 | Volkswagen AG VZO | PairCorr |
| 0.67 | VOW3 | Volkswagen AG | PairCorr |
| 0.73 | VOW | Volkswagen AG | PairCorr |
Moving against Acadia Stock
| 0.67 | VIP | Virtus Investment Earnings Call This Week | PairCorr |
| 0.64 | PNP | PNC Financial | PairCorr |
| 0.42 | WMT | Walmart | PairCorr |
| 0.41 | WMT | Walmart | PairCorr |
| 0.4 | FME | Fresenius Medical Care | PairCorr |
| 0.39 | AMZ | Amazon Inc Earnings Call This Week | PairCorr |
| 0.38 | FMEA | Fresenius Medical Care | PairCorr |
| 0.38 | AMZ | Amazon Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Acadia Stock performing well and Acadia Healthcare 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 Acadia Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FMEA | 1.71 | 0.36 | 0.16 | 1.44 | 1.60 | 3.88 | 11.31 | |||
| CXM | 1.13 | (0.06) | 0.00 | 0.24 | 0.00 | 2.52 | 15.41 | |||
| 8SP | 2.12 | (0.16) | 0.00 | (0.22) | 0.00 | 3.17 | 20.22 | |||
| 39O1 | 3.01 | (0.73) | 0.00 | (1.49) | 0.00 | 7.69 | 29.56 | |||
| INVN | 2.57 | 0.17 | 0.03 | (0.16) | 2.85 | 6.28 | 14.01 | |||
| IUI1 | 1.29 | 0.44 | 0.33 | 1.98 | 0.79 | 3.28 | 10.73 | |||
| INL | 2.44 | 0.00 | 0.00 | 0.04 | 2.94 | 7.04 | 16.28 | |||
| VOW | 1.13 | 0.02 | (0.02) | (0.09) | 1.38 | 2.81 | 5.55 | |||
| RS6 | 1.37 | 0.03 | 0.01 | 0.10 | 1.54 | 2.92 | 15.24 | |||
| VUSA | 0.63 | 0.12 | 0.09 | (96.75) | 0.63 | 1.29 | 6.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Acadia Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Acadia Healthcare Corporate Management
Elected by the shareholders, the Acadia Healthcare's board of directors comprises two types of representatives: Acadia Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Acadia. The board's role is to monitor Acadia Healthcare's management team and ensure that shareholders' interests are well served. Acadia Healthcare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Acadia Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Laurence Harrod | Ex Fin | Profile | |
| Christopher Hunter | CEO Director | Profile | |
| Gretchen Hommrich | VP Relations | Profile | |
| David Duckworth | Chief Officer | Profile | |
| Isa Diaz | VP Affairs | Profile |