Addus HomeCare Correlations

Stocks . Germany . 
Stock . Addus HomeCare
A41 Stock  EUR 82.00  0.50  0.61%   
The current 90-days correlation between Addus HomeCare and China Datang is 0.09 (i.e., Significant diversification). The correlation of Addus HomeCare 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.

Addus HomeCare Correlation With Market

Significant diversification

The correlation between Addus HomeCare and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addus HomeCare and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Addus HomeCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Addus HomeCare 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 Addus HomeCare - 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 Addus HomeCare to buy it.

Moving together with Addus Stock

  0.68UHS Universal Health ServicesPairCorr
  0.66TRL DaVita IncPairCorr
  0.61ASJA ASTRA INTERNATIONALPairCorr
  0.61ASJA ASTRA INTERNATIONALPairCorr
  0.67ASJA ASTRA INTERNATIONALPairCorr
  0.71BYRA PT Bank RakyatPairCorr
  0.63J9I0 5E ADVANCED MATERIALS SplitPairCorr

Moving against Addus Stock

  0.64FREA FRESENIUS SECO ADRPairCorr
  0.62FRE Fresenius SEPairCorr
  0.47CXM ChemedPairCorr
  0.72ZEG ASTRAZENECAPairCorr
  0.71STD STANDARD CHARTEREDPairCorr
  0.68PZX Ping An InsurancePairCorr
  0.65AV6 AvistaPairCorr
  0.63OKL Orkla ASAPairCorr
  0.6AFX Carl Zeiss MeditecPairCorr
  0.51G8G GREATLAND GOLD PLCPairCorr
  0.51KGHA KGHM Polska Miedz Earnings Call This WeekPairCorr
  0.51C7H DRAIG RESOURCESPairCorr
  0.41INL IntelPairCorr
  0.41LBL KAROON GAS AUSTPairCorr
  0.37LL6 MTN GROUPPairCorr
  0.84VOWA VOLKSWAGEN ADR 110ONPairCorr
  0.83NOAA NokiaPairCorr
  0.75APM AD PEPPER MEDIAPairCorr
  0.72VOL3 VOLVO -A-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   
TWY
+ 0.59
DT7
TWY
+ 0.48
37H
DAM
+ 0.37
LNSX
BJI
+ 0.36
TWY
LNSX
+ 0.36
BJI
DAM
+ 0.27
UR3
  
High negative correlations   
TWY
- 0.64
UR3
UR3
- 0.58
37H
DAM
- 0.57
DT7
UR3
- 0.54
DT7
DAM
- 0.53
TWY
BJI
- 0.41
UR3

Risk-Adjusted Indicators

There is a big difference between Addus Stock performing well and Addus HomeCare 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 Addus HomeCare'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Addus HomeCare 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.

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Addus HomeCare Corporate Management

Elected by the shareholders, the Addus HomeCare's board of directors comprises two types of representatives: Addus HomeCare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Addus. The board's role is to monitor Addus HomeCare's management team and ensure that shareholders' interests are well served. Addus HomeCare'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, Addus HomeCare's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michael WattenbargerEx OfficerProfile
Sean GaffneyEx OfficerProfile
Brian PoffExec CFOProfile
Diane KumarichVP InnovationProfile
Zach SimpsonVP OfficerProfile
Robby StevensonEx OfficerProfile
Darby AndersonExec OfficerProfile
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