IMAC Holdings Correlations

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USD 0.42 0.01 2.33%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IMAC Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IMAC Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IMAC Holdings Correlation With Market

Good diversification

The correlation between IMAC Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IMAC Holdings 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 IMAC Holdings. 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.

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

Moving together with IMAC Stock

0.9	EYEN	Eyenovia	Pair Corr
0.64	INBX	Inhibrx Symbol Change	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr

Moving against IMAC Stock

0.91	NVRO	Nevro Corp	Pair Corr
0.88	T	ATT Inc Earnings Call This Week	Pair Corr
0.88	IBM	International Business	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.73	VZ	Verizon Communications	Pair Corr
0.72	CSCO	Cisco Systems	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.68	CMRX	Chimerix Sell-off Trend	Pair Corr
0.57	BKLRF	Berkeley Energy	Pair Corr
0.53	CVX	Chevron Corp	Pair Corr
0.47	INTC	Intel	Pair Corr
0.44	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.38	DD	Dupont De Nemours	Pair Corr
0.33	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Related Correlations Analysis

	TOI	AVAH	PIII	NVOS	IONM	CANO	HCA	AIRS	ACHC
TOI		0.05	-0.3	0.0	0.0	0.0	0.74	-0.31	-0.03	TOI
AVAH	0.05		-0.02	0.0	0.0	0.0	0.15	0.16	0.25	AVAH
PIII	-0.3	-0.02		0.0	0.0	0.0	-0.51	0.69	0.56	PIII
NVOS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NVOS
IONM	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	IONM
CANO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CANO
HCA	0.74	0.15	-0.51	0.0	0.0	0.0		-0.42	-0.07	HCA
AIRS	-0.31	0.16	0.69	0.0	0.0	0.0	-0.42		0.76	AIRS
ACHC	-0.03	0.25	0.56	0.0	0.0	0.0	-0.07	0.76		ACHC
	TOI	AVAH	PIII	NVOS	IONM	CANO	HCA	AIRS	ACHC

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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	+ 0.76	AIRS
HCA	+ 0.74	TOI
AIRS	+ 0.69	PIII
ACHC	+ 0.56	PIII
ACHC	+ 0.25	AVAH
AIRS	+ 0.16	AVAH

High negative correlations

HCA	- 0.51	PIII
AIRS	- 0.42	HCA
AIRS	- 0.31	TOI
PIII	- 0.3	TOI
ACHC	- 0.07	HCA
ACHC	- 0.03	TOI

Risk-Adjusted Indicators

There is a big difference between IMAC Stock performing well and IMAC Holdings 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 IMAC Holdings' 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
TOI	7.71	2.84	0.38	0.88	5.37	(11.66)	20.24	(8.00)	38.02
AVAH	3.30	0.30	0.08	0.19	3.56	(3.98)	6.17	(5.40)	38.16
PIII	3.86	(0.20)	0.00	(0.36)	0.00	0.00	9.52	(5.88)	28.70
NVOS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IONM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HCA	1.54	0.15	0.08	0.17	2.16	(1.45)	3.07	(3.75)	10.61
AIRS	4.24	(0.85)	0.00	(0.91)	0.00	0.00	7.93	(11.45)	27.83
ACHC	2.08	(0.40)	0.00	9.83	0.00	0.00	4.10	(3.00)	34.24

IMAC Holdings Corporate Management

Frank III	Director Sales	Profile
Ben Lerner	Chief Officer	Profile
Sandy Miller	Chief Staff	Profile
Jeffrey MBA	Chairman CEO	Profile

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