Amedisys Correlations

AMED Stock

USD 92.50 0.14 0.15%

The current 90-days correlation between Amedisys and Acadia Healthcare is 0.07 (i.e., Significant diversification). The correlation of Amedisys 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.

Amedisys Correlation With Market

Significant diversification

The correlation between Amedisys 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 Amedisys 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 Amedisys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Amedisys Stock

0.68	GH	Guardant Health	Pair Corr
0.65	LH	Laboratory	Pair Corr
0.74	AGL	agilon health	Pair Corr

Moving against Amedisys Stock

0.75	EUDA	EUDA Health Holdings	Pair Corr
0.71	FLGT	Fulgent Genetics	Pair Corr
0.68	OM	Outset Medical	Pair Corr
0.66	VREX	Varex Imaging Corp	Pair Corr
0.52	ESTA	Establishment Labs	Pair Corr
0.48	EMBC	Embecta Corp	Pair Corr
0.47	ELAB	Elevai Labs, Common Upward Rally	Pair Corr
0.43	EW	Edwards Lifesciences Corp	Pair Corr
0.39	VVOS	Vivos Therapeutics Earnings Call This Week	Pair Corr
0.36	ENSG	Ensign Group	Pair Corr
0.72	ENZ	Enzo Biochem	Pair Corr
0.7	AWH	Aspira Womens Health Earnings Call This Week	Pair Corr
0.7	FOXO	FOXO Technologies	Pair Corr
0.65	AMS	American Shared Hospital Earnings Call This Week	Pair Corr
0.58	XAIR	Beyond Air	Pair Corr
0.56	BVS	Bioventus	Pair Corr
0.49	DXR	Daxor	Pair Corr
0.47	EVH	Evolent Health	Pair Corr

Related Correlations Analysis

	ACHC	ADUS	EHC	ENSG	OPCH	UHS	SGRY	EHAB	PNTG	INNV
ACHC		0.77	-0.14	0.5	-0.33	0.82	-0.13	-0.29	0.71	0.26	ACHC
ADUS	0.77		-0.42	0.6	-0.68	0.62	-0.54	-0.49	0.79	0.57	ADUS
EHC	-0.14	-0.42		0.14	0.56	0.26	0.71	0.79	0.0	-0.15	EHC
ENSG	0.5	0.6	0.14		-0.36	0.72	-0.23	0.08	0.74	0.62	ENSG
OPCH	-0.33	-0.68	0.56	-0.36		-0.21	0.73	0.58	-0.62	-0.77	OPCH
UHS	0.82	0.62	0.26	0.72	-0.21		0.01	0.03	0.75	0.4	UHS
SGRY	-0.13	-0.54	0.71	-0.23	0.73	0.01		0.64	-0.35	-0.56	SGRY
EHAB	-0.29	-0.49	0.79	0.08	0.58	0.03	0.64		-0.1	-0.14	EHAB
PNTG	0.71	0.79	0.0	0.74	-0.62	0.75	-0.35	-0.1		0.71	PNTG
INNV	0.26	0.57	-0.15	0.62	-0.77	0.4	-0.56	-0.14	0.71		INNV
	ACHC	ADUS	EHC	ENSG	OPCH	UHS	SGRY	EHAB	PNTG	INNV

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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

UHS	+ 0.82	ACHC
PNTG	+ 0.79	ADUS
EHAB	+ 0.79	EHC
ADUS	+ 0.77	ACHC
PNTG	+ 0.75	UHS
PNTG	+ 0.74	ENSG

High negative correlations

INNV	- 0.77	OPCH
OPCH	- 0.68	ADUS
PNTG	- 0.62	OPCH
INNV	- 0.56	SGRY
SGRY	- 0.54	ADUS
EHAB	- 0.49	ADUS

Risk-Adjusted Indicators

There is a big difference between Amedisys Stock performing well and Amedisys 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 Amedisys' 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
ACHC	2.09	(0.43)	0.00	6.94	0.00	0.00	4.10	(3.00)	34.24
ADUS	1.50	(0.33)	0.00	(0.73)	0.00	0.00	2.46	(3.22)	14.72
EHC	1.07	0.01	0.00	(0.08)	0.00	0.00	1.84	(2.71)	6.49
ENSG	1.32	(0.06)	0.00	(0.18)	0.00	0.00	2.40	(2.56)	11.10
OPCH	1.42	0.67	0.52	0.63	0.75	(1.68)	3.61	(1.88)	17.52
UHS	1.51	(0.08)	0.00	(0.21)	0.00	0.00	2.96	(3.61)	9.97
SGRY	1.95	0.26	0.13	0.23	1.94	(2.67)	4.58	(3.15)	23.37
EHAB	1.60	0.16	0.06	0.06	2.31	(1.58)	3.81	(3.65)	10.46
PNTG	1.98	(0.25)	0.00	(0.63)	0.00	0.00	3.57	(3.99)	15.62
INNV	2.46	(0.42)	0.00	(0.48)	0.00	0.00	4.53	(7.11)	27.64

Amedisys Corporate Management

John Nugent	Chief Officer	Profile
Pete Hartley	CTO Systems	Profile
Kendra Kimmons	VP Relations	Profile
Jennifer Griffin	Chief Secretary	Profile
Janet Britt	VP Collections	Profile
Francis Mayer	Senior Development	Profile

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