Adapthealth Corp Correlations

AHCO Stock

USD 9.99 0.02 0.20%

The current 90-days correlation between Adapthealth Corp and Axogen Inc is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adapthealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adapthealth Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adapthealth Corp Correlation With Market

Average diversification

The correlation between Adapthealth Corp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adapthealth Corp 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 Adapthealth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.

Moving against Adapthealth Stock

0.42	EW	Edwards Lifesciences Corp	Pair Corr
0.34	MDAI	Spectral AI	Pair Corr

Related Correlations Analysis

	AXGN	AORT	ITGR	FNA	LIVN	ANIK	OFIX	SRDX	LUNG	ELMD
AXGN		-0.03	-0.05	0.63	-0.27	0.34	0.18	-0.5	0.43	0.15	AXGN
AORT	-0.03		0.96	-0.32	0.92	0.21	0.84	0.64	-0.66	0.91	AORT
ITGR	-0.05	0.96		-0.31	0.9	0.25	0.87	0.64	-0.69	0.88	ITGR
FNA	0.63	-0.32	-0.31		-0.44	0.56	0.07	-0.81	0.49	-0.16	FNA
LIVN	-0.27	0.92	0.9	-0.44		0.18	0.79	0.76	-0.63	0.76	LIVN
ANIK	0.34	0.21	0.25	0.56	0.18		0.57	-0.15	0.2	0.19	ANIK
OFIX	0.18	0.84	0.87	0.07	0.79	0.57		0.36	-0.45	0.81	OFIX
SRDX	-0.5	0.64	0.64	-0.81	0.76	-0.15	0.36		-0.51	0.46	SRDX
LUNG	0.43	-0.66	-0.69	0.49	-0.63	0.2	-0.45	-0.51		-0.63	LUNG
ELMD	0.15	0.91	0.88	-0.16	0.76	0.19	0.81	0.46	-0.63		ELMD
	AXGN	AORT	ITGR	FNA	LIVN	ANIK	OFIX	SRDX	LUNG	ELMD

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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

ITGR	+ 0.96	AORT
LIVN	+ 0.92	AORT
ELMD	+ 0.91	AORT
LIVN	+ 0.9	ITGR
ELMD	+ 0.88	ITGR
OFIX	+ 0.87	ITGR

High negative correlations

SRDX	- 0.81	FNA
LUNG	- 0.69	ITGR
LUNG	- 0.66	AORT
ELMD	- 0.63	LUNG
LUNG	- 0.63	LIVN
LUNG	- 0.51	SRDX

Risk-Adjusted Indicators

There is a big difference between Adapthealth Stock performing well and Adapthealth Corp 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 Adapthealth Corp'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
AXGN	2.65	0.46	0.18	0.49	2.43	(3.63)	5.97	(3.56)	21.80
AORT	1.36	(0.25)	0.00	(0.47)	0.00	0.00	2.99	(2.60)	13.14
ITGR	1.14	(0.20)	0.00	(0.29)	0.00	0.00	1.68	(3.63)	8.30
FNA	1.19	0.40	0.27	1.28	1.03	(1.58)	3.78	(3.09)	8.63
LIVN	1.65	(0.31)	0.00	(0.52)	0.00	0.00	2.87	(3.78)	20.10
ANIK	1.44	(0.06)	0.00	(0.13)	0.00	0.00	2.68	(2.32)	14.35
OFIX	1.21	(0.04)	0.00	(0.12)	0.00	0.00	2.18	(2.74)	6.60
SRDX	1.49	(0.38)	0.00	(0.71)	0.00	0.00	2.15	(5.79)	10.84
LUNG	3.29	0.47	0.15	(2.05)	3.16	(3.75)	6.59	(5.54)	41.39
ELMD	2.32	(0.08)	0.00	(0.15)	0.00	0.00	3.90	(4.34)	21.31

Adapthealth Corp Corporate Management

Jonathan JD	General Counsel	Profile
Nalin Narayanam	Chief Officer	Profile
Richard II	Chief Counsel	Profile
Joel Mills	Chief Officer	Profile

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