Agilon Health Correlations

AGL Stock

USD 4.10 0.30 6.82%

The current 90-days correlation between agilon health and The Ensign Group is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Agilon Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if agilon health moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Agilon Health Correlation With Market

Average diversification

The correlation between agilon health and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding agilon health 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 agilon health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For more information on how to buy Agilon Stock please use our How to buy in Agilon Stock guide.

Moving together with Agilon Stock

0.71	ALC	Alcon AG	Pair Corr
0.77	BSX	Boston Scientific Corp	Pair Corr
0.88	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.85	FNA	Paragon 28	Pair Corr
0.9	MDT	Medtronic PLC	Pair Corr
0.79	IRTC	iRhythm Technologies	Pair Corr
0.63	KIDS	Orthopediatrics Corp	Pair Corr
0.71	LUCD	Lucid Diagnostics Buyout Trend	Pair Corr
0.88	NVRO	Nevro Corp	Pair Corr
0.84	NYXH	Nyxoah	Pair Corr
0.93	OPCH	Option Care Health	Pair Corr

Moving against Agilon Stock

0.57	EW	Edwards Lifesciences Corp	Pair Corr
0.55	WST	West Pharmaceutical	Pair Corr
0.54	INSP	Inspire Medical Systems	Pair Corr
0.5	TFX	Teleflex Incorporated	Pair Corr
0.45	GKOS	Glaukos Corp	Pair Corr
0.42	LIVN	LivaNova PLC	Pair Corr
0.31	SEM	Select Medical Holdings	Pair Corr
0.84	SGHT	Sight Sciences	Pair Corr
0.82	SRDX	SurModics	Pair Corr
0.79	APYX	Apyx Medical	Pair Corr
0.77	RXST	Rxsight	Pair Corr
0.73	MODD	Modular Medical	Pair Corr
0.62	MDAI	Spectral AI	Pair Corr
0.61	ADUS	Addus HomeCare	Pair Corr
0.56	CNMD	CONMED	Pair Corr
0.5	ACET	Adicet Bio	Pair Corr

Related Correlations Analysis

	ENSG	UHS	ADUS	EHC	SGRY	ACHC	AMED	MODV	PNTG	HCSG
ENSG		0.71	0.61	0.07	-0.23	0.52	-0.3	0.37	0.72	0.56	ENSG
UHS	0.71		0.63	0.19	0.02	0.84	0.01	0.25	0.74	0.36	UHS
ADUS	0.61	0.63		-0.46	-0.54	0.79	-0.37	0.59	0.83	0.69	ADUS
EHC	0.07	0.19	-0.46		0.75	-0.17	0.21	-0.37	-0.11	-0.45	EHC
SGRY	-0.23	0.02	-0.54	0.75		-0.15	0.5	-0.63	-0.36	-0.72	SGRY
ACHC	0.52	0.84	0.79	-0.17	-0.15		0.01	0.33	0.75	0.41	ACHC
AMED	-0.3	0.01	-0.37	0.21	0.5	0.01		-0.76	-0.48	-0.53	AMED
MODV	0.37	0.25	0.59	-0.37	-0.63	0.33	-0.76		0.67	0.81	MODV
PNTG	0.72	0.74	0.83	-0.11	-0.36	0.75	-0.48	0.67		0.72	PNTG
HCSG	0.56	0.36	0.69	-0.45	-0.72	0.41	-0.53	0.81	0.72		HCSG
	ENSG	UHS	ADUS	EHC	SGRY	ACHC	AMED	MODV	PNTG	HCSG

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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

ACHC	+ 0.84	UHS
PNTG	+ 0.83	ADUS
HCSG	+ 0.81	MODV
ACHC	+ 0.79	ADUS
SGRY	+ 0.75	EHC
PNTG	+ 0.75	ACHC

High negative correlations

MODV	- 0.76	AMED
HCSG	- 0.72	SGRY
MODV	- 0.63	SGRY
SGRY	- 0.54	ADUS
HCSG	- 0.53	AMED
PNTG	- 0.48	AMED

Risk-Adjusted Indicators

There is a big difference between Agilon Stock performing well and Agilon Health 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 Agilon Health'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
ENSG	1.32	(0.07)	0.00	(0.18)	0.00	0.00	2.40	(2.56)	11.10
UHS	1.53	(0.04)	0.00	(0.14)	0.00	0.00	2.96	(3.61)	9.97
ADUS	1.49	(0.37)	0.00	(0.78)	0.00	0.00	2.46	(3.22)	14.72
EHC	1.08	0.02	0.00	(0.04)	0.00	0.00	1.84	(2.71)	6.49
SGRY	1.88	0.33	0.18	0.36	1.81	(2.67)	4.58	(2.73)	23.37
ACHC	2.08	(0.40)	0.00	9.83	0.00	0.00	4.10	(3.00)	34.24
AMED	0.36	0.12	0.35	2.56	0.19	(0.40)	0.82	(0.52)	6.31
MODV	7.19	(2.25)	0.00	(1.17)	0.00	0.00	13.42	(16.45)	60.89
PNTG	1.98	(0.26)	0.00	(0.62)	0.00	0.00	3.57	(3.99)	15.62
HCSG	1.35	(0.18)	0.00	(0.32)	0.00	0.00	2.51	(2.96)	9.76

Agilon Health Corporate Management

Timothy Gertsch	Controller VP	Profile
Benjamin Shaker	Chief Officer	Profile
Bill Farry	Chief Innovation	Profile
Derek Strum	Director	Profile
Michelle Gourdine	Independent Director	Profile
Denise Zamore	Chief Secretary	Profile

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