CareMax Correlations

CMAX Stock

USD 0.46 0.04 9.52%

The current 90-days correlation between CareMax and Agiliti is -0.06 (i.e., Good diversification). The correlation of CareMax 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CareMax Correlation With Market

Average diversification

The correlation between CareMax and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CareMax 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 CareMax. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with CareMax Stock

0.64	EKSO	Ekso Bionics Holdings	Pair Corr
0.67	LIFWW	MSP Recovery	Pair Corr

Moving against CareMax Stock

0.77	ELMD	Electromed	Pair Corr
0.65	VREX	Varex Imaging Corp	Pair Corr
0.57	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.54	DOCS	Doximity	Pair Corr
0.51	OM	Outset Medical	Pair Corr
0.48	GH	Guardant Health	Pair Corr
0.46	MD	Mednax Inc	Pair Corr
0.42	EW	Edwards Lifesciences Corp	Pair Corr
0.32	LH	Laboratory	Pair Corr
0.74	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.66	PODD	Insulet	Pair Corr
0.6	LNSR	LENSAR Inc	Pair Corr
0.56	WGS	GeneDx Holdings Corp	Pair Corr
0.55	NPCE	Neuropace	Pair Corr
0.54	SYK	Stryker	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.41	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.38	FNA	Paragon 28	Pair Corr
0.34	OFIX	Orthofix Medical	Pair Corr
0.76	TCMD	Tactile Systems Tech	Pair Corr
0.63	DMAC	DiaMedica Therapeutics Trending	Pair Corr
0.42	BWAY	Brainsway	Pair Corr
0.41	AORT	Artivion	Pair Corr
0.4	CVRX	CVRx Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.31	VANI	Vivani Medical	Pair Corr

Related Correlations Analysis

	EVH	AGTI	CERT	RCM	PRVA	HSTM	NRC	HQY	CPSI	FORA
EVH		0.22	0.55	-0.87	-0.66	-0.87	0.57	-0.94	0.23	0.71	EVH
AGTI	0.22		0.42	-0.19	-0.35	-0.29	-0.08	-0.18	0.42	0.24	AGTI
CERT	0.55	0.42		-0.58	-0.18	-0.32	0.55	-0.48	0.46	0.65	CERT
RCM	-0.87	-0.19	-0.58		0.43	0.71	-0.72	0.88	-0.42	-0.89	RCM
PRVA	-0.66	-0.35	-0.18	0.43		0.87	0.0	0.72	0.15	-0.22	PRVA
HSTM	-0.87	-0.29	-0.32	0.71	0.87		-0.26	0.89	-0.12	-0.53	HSTM
NRC	0.57	-0.08	0.55	-0.72	0.0	-0.26		-0.55	0.26	0.68	NRC
HQY	-0.94	-0.18	-0.48	0.88	0.72	0.89	-0.55		-0.19	-0.69	HQY
CPSI	0.23	0.42	0.46	-0.42	0.15	-0.12	0.26	-0.19		0.64	CPSI
FORA	0.71	0.24	0.65	-0.89	-0.22	-0.53	0.68	-0.69	0.64		FORA
	EVH	AGTI	CERT	RCM	PRVA	HSTM	NRC	HQY	CPSI	FORA

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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

HQY	+ 0.89	HSTM
HQY	+ 0.88	RCM
HSTM	+ 0.87	PRVA
HQY	+ 0.72	PRVA
FORA	+ 0.71	EVH
HSTM	+ 0.71	RCM

High negative correlations

HQY	- 0.94	EVH
FORA	- 0.89	RCM
HSTM	- 0.87	EVH
RCM	- 0.87	EVH
NRC	- 0.72	RCM
FORA	- 0.69	HQY

Risk-Adjusted Indicators

There is a big difference between CareMax Stock performing well and CareMax 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 CareMax'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
EVH	3.23	(1.19)	0.00	(0.83)	0.00	0.00	5.49	(5.92)	51.11
AGTI	2.06	0.06	(0.04)	(0.04)	2.87	(1.81)	4.03	(4.45)	10.75
CERT	1.93	(0.38)	0.00	(0.07)	0.00	0.00	5.82	(3.98)	15.96
RCM	0.10	0.02	(0.65)	2.14	0.00	(0.15)	0.29	(0.21)	0.64
PRVA	1.99	(0.13)	(0.01)	0.05	2.22	(2.16)	4.23	(3.57)	15.04
HSTM	1.21	0.10	0.06	0.24	1.31	(1.29)	2.33	(2.00)	10.49
NRC	1.97	(0.37)	0.00	(0.08)	0.00	0.00	3.79	(4.72)	13.17
HQY	1.59	0.24	0.19	0.27	1.40	(1.97)	3.46	(2.12)	15.16
CPSI	1.50	(0.22)	0.00	(0.35)	0.00	0.00	2.85	(3.01)	14.25
FORA	1.22	(0.24)	0.00	1.24	0.00	0.00	2.67	(2.38)	9.93

CareMax Corporate Management

Carlos Solo	President, CoFounder	Profile
Samantha Swerdlin	Vice Relations	Profile
Niberto MD	Chief Officer	Profile
Nicole Cable	Chief Officer	Profile
Teresa McMeans	Chief Officer	Profile
Erick CPA	Chief Officer	Profile

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