Cross Country Correlations

Stocks . USA . 
Stock . Cross Country Healthcare
CCRN Stock  USD 14.96  0.04  0.27%   
The current 90-days correlation between Cross Country Healthcare and Kforce Inc is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cross Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cross Country Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cross Country Correlation With Market

Average diversification

The correlation between Cross Country Healthcare and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cross Country 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 Cross Country 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 metropolitan statistical area.

Moving together with Cross Stock

  0.78ELMD ElectromedPairCorr
  0.73HOLX HologicPairCorr
  0.75ICUI ICU MedicalPairCorr
  0.63INFU InfuSystems HoldingsPairCorr
  0.61LIVN LivaNova PLCPairCorr
  0.66MLSS Milestone Scientific Earnings Call TomorrowPairCorr
  0.76NVST Envista Holdings Corp Sell-off TrendPairCorr
  0.69OFIX Orthofix MedicalPairCorr
  0.68CLPT Clearpoint NeuroPairCorr
  0.72CVRX CVRx IncPairCorr
  0.69ELEV Elevation OncologyPairCorr
  0.7WINT Windtree TherapeuticsPairCorr

Moving against Cross Stock

  0.31INMD InModePairCorr
  0.31ACONW AclarionPairCorr
  0.31LUCD Lucid DiagnosticsPairCorr
  0.9MNDR Mobile health NetworkPairCorr
  0.85GSK GlaxoSmithKline PLC ADRPairCorr
  0.83NVS Novartis AG ADRPairCorr
  0.62OCX OncoCyte CorpPairCorr
  0.45BMY Bristol Myers SquibbPairCorr
  0.42GILD Gilead Sciences Potential GrowthPairCorr
  0.36SNY Sanofi ADRPairCorr

Related Correlations Analysis

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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   
KFRC
+ 0.9
ASGN
KELYA
+ 0.53
ASGN
AMN
+ 0.51
KELYA
KELYA
+ 0.36
KFRC
AMN
+ 0.35
ASGN
AMN
+ 0.19
KFRC
  
High negative correlations   
CENTA
- 0.57
AMN
CENTA
- 0.36
KELYA
CENTA
- 0.04
ASGN

Risk-Adjusted Indicators

There is a big difference between Cross Stock performing well and Cross Country 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 Cross Country'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.

Cross Country Corporate Management

Karen VargaSinkaDirector CommunicationsProfile
Joshua VogelVice RelationsProfile
Colin MSChief OfficerProfile
BA MDivSenior OfficerProfile
MBA JDGroup DeliveryProfile
Daniel WhiteChief OfficerProfile
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