Acadia Healthcare Correlations

ACHC Stock

USD 28.69 0.32 1.10%

The current 90-days correlation between Acadia Healthcare and Encompass Health Corp is 0.17 (i.e., Average 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 -0.07 (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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadia Healthcare. 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.

For information on how to trade Acadia Stock refer to our How to Trade Acadia Stock guide.

Moving together with Acadia Stock

0.84	ELMD	Electromed	Pair Corr
0.78	ICUI	ICU Medical	Pair Corr
0.62	INFU	InfuSystems Holdings	Pair Corr
0.69	LIVN	LivaNova PLC	Pair Corr
0.68	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.62	NPCE	Neuropace	Pair Corr
0.7	NVST	Envista Holdings Corp	Pair Corr
0.64	OFIX	Orthofix Medical	Pair Corr
0.62	PODD	Insulet	Pair Corr
0.72	CLPT	Clearpoint Neuro	Pair Corr
0.78	CVRX	CVRx Inc	Pair Corr
0.7	ELEV	Elevation Oncology	Pair Corr

Moving against Acadia Stock

0.5	INMD	InMode	Pair Corr
0.42	LUCD	Lucid Diagnostics	Pair Corr
0.4	LUNG	Pulmonx Corp	Pair Corr
0.36	ACONW	Aclarion	Pair Corr
0.6	MNDR	Mobile health Network	Pair Corr
0.73	OCX	OncoCyte Corp	Pair Corr
0.62	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.59	GILD	Gilead Sciences	Pair Corr
0.52	NVS	Novartis AG ADR	Pair Corr
0.5	AZN	AstraZeneca PLC ADR	Pair Corr
0.42	BMY	Bristol Myers Squibb	Pair Corr

Related Correlations Analysis

	EHC	PNTG	SEM	ADUS	THC	HCA	USPH	DVA	ENSG	AMED
EHC		-0.19	0.04	-0.46	0.42	0.71	-0.26	0.1	0.01	0.34	EHC
PNTG	-0.19		0.84	0.88	0.69	-0.13	0.86	0.74	0.67	-0.17	PNTG
SEM	0.04	0.84		0.81	0.8	-0.01	0.89	0.71	0.78	-0.14	SEM
ADUS	-0.46	0.88	0.81		0.5	-0.37	0.9	0.66	0.62	-0.28	ADUS
THC	0.42	0.69	0.8	0.5		0.47	0.58	0.8	0.69	0.15	THC
HCA	0.71	-0.13	-0.01	-0.37	0.47		-0.34	0.26	0.26	0.48	HCA
USPH	-0.26	0.86	0.89	0.9	0.58	-0.34		0.56	0.57	-0.32	USPH
DVA	0.1	0.74	0.71	0.66	0.8	0.26	0.56		0.68	0.18	DVA
ENSG	0.01	0.67	0.78	0.62	0.69	0.26	0.57	0.68		-0.03	ENSG
AMED	0.34	-0.17	-0.14	-0.28	0.15	0.48	-0.32	0.18	-0.03		AMED
	EHC	PNTG	SEM	ADUS	THC	HCA	USPH	DVA	ENSG	AMED

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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

USPH	+ 0.9	ADUS
USPH	+ 0.89	SEM
ADUS	+ 0.88	PNTG
USPH	+ 0.86	PNTG
SEM	+ 0.84	PNTG
ADUS	+ 0.81	SEM

High negative correlations

ADUS	- 0.46	EHC
HCA	- 0.37	ADUS
USPH	- 0.34	HCA
AMED	- 0.32	USPH
AMED	- 0.28	ADUS
USPH	- 0.26	EHC

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
EHC	1.07	0.06	0.08	0.89	1.34	(1.11)	1.84	(2.14)	6.49
PNTG	1.96	(0.22)	0.00	0.71	0.00	0.00	3.57	(3.99)	15.62
SEM	1.61	(0.22)	0.00	2.50	0.00	0.00	2.86	(3.71)	10.84
ADUS	1.42	(0.58)	0.00	48.18	0.00	0.00	2.12	(3.22)	13.15
THC	1.80	(0.06)	0.00	53.83	0.00	0.00	2.77	(3.57)	11.98
HCA	1.54	0.15	0.09	2.29	2.11	(1.45)	3.07	(3.75)	10.61
USPH	1.13	(0.33)	0.00	13.54	0.00	0.00	2.13	(2.54)	8.66
DVA	1.50	(0.03)	0.00	(0.58)	0.00	0.00	3.15	(3.23)	14.24
ENSG	1.33	(0.07)	0.00	0.63	0.00	0.00	2.40	(2.29)	11.10
AMED	0.34	0.13	0.42	(4.20)	0.00	(0.40)	0.61	(0.42)	6.31

Acadia Healthcare Corporate Management

Laura Groschen	Chief Officer	Profile
Heather CPA	Chief Officer	Profile
Laurence Harrod	Ex Fin	Profile
Mark Palmenter	Chief Officer	Profile

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