DocGo Correlations

DCGO Stock

USD 2.84 0.02 0.70%

The current 90-days correlation between DocGo Inc and Enhabit is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DocGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocGo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DocGo Correlation With Market

Average diversification

The correlation between DocGo Inc and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DocGo Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with DocGo Stock

0.94	DH	Definitive Healthcare Buyout Trend	Pair Corr
0.65	DXCM	DexCom Inc	Pair Corr
0.7	ECOR	Electrocore LLC	Pair Corr
0.69	ELMD	Electromed Potential Growth	Pair Corr
0.73	ENOV	Enovis Corp	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr

Moving against DocGo Stock

0.48	CI	Cigna Corp	Pair Corr
0.42	ESTA	Establishment Labs	Pair Corr
0.66	BKD	Brookdale Senior Living	Pair Corr
0.56	BAX	Baxter International	Pair Corr
0.55	CHE	Chemed Corp	Pair Corr
0.31	DXR	Daxor	Pair Corr

Related Correlations Analysis

	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV
EHAB		0.08	-0.1	-0.14	-0.09	0.0	0.79	0.46	-0.1	-0.26	EHAB
ENSG	0.08		0.74	0.62	0.54	0.81	0.14	-0.06	0.07	0.42	ENSG
PNTG	-0.1	0.74		0.71	0.77	0.79	0.0	-0.12	0.05	0.7	PNTG
INNV	-0.14	0.62	0.71		0.86	0.53	-0.15	-0.23	0.05	0.88	INNV
NHC	-0.09	0.54	0.77	0.86		0.48	-0.04	-0.21	0.03	0.91	NHC
SEM	0.0	0.81	0.79	0.53	0.48		0.21	0.03	0.14	0.39	SEM
EHC	0.79	0.14	0.0	-0.15	-0.04	0.21		0.63	0.06	-0.21	EHC
MD	0.46	-0.06	-0.12	-0.23	-0.21	0.03	0.63		-0.1	-0.27	MD
CCM	-0.1	0.07	0.05	0.05	0.03	0.14	0.06	-0.1		0.13	CCM
MODV	-0.26	0.42	0.7	0.88	0.91	0.39	-0.21	-0.27	0.13		MODV
	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV

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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

MODV	+ 0.91	NHC
MODV	+ 0.88	INNV
NHC	+ 0.86	INNV
SEM	+ 0.81	ENSG
EHC	+ 0.79	EHAB
SEM	+ 0.79	PNTG

High negative correlations

MODV	- 0.27	MD
MODV	- 0.26	EHAB
MD	- 0.23	INNV
MODV	- 0.21	EHC
MD	- 0.21	NHC
EHC	- 0.15	INNV

Risk-Adjusted Indicators

There is a big difference between DocGo Stock performing well and DocGo 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 DocGo'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
EHAB	1.60	0.16	0.06	0.06	2.31	(1.58)	3.81	(3.65)	10.46
ENSG	1.32	(0.06)	0.00	(0.18)	0.00	0.00	2.40	(2.56)	11.10
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
NHC	1.29	(0.35)	0.00	(0.71)	0.00	0.00	2.19	(3.29)	7.80
SEM	1.67	(0.10)	0.00	(0.16)	0.00	0.00	3.41	(3.79)	11.55
EHC	1.07	0.01	0.00	(0.08)	0.00	0.00	1.84	(2.71)	6.49
MD	2.02	0.12	0.06	0.04	2.31	(2.43)	3.79	(2.93)	31.51
CCM	4.94	0.34	0.05	1.28	6.54	(6.85)	11.55	(9.82)	50.12
MODV	7.02	(2.32)	0.00	(1.11)	0.00	0.00	13.41	(16.45)	60.89

DocGo Corporate Management

Anthony Capone	President	Profile
Ely Tendler	Secretary Counsel	Profile
Aaron Severs	Chief Officer	Profile
Mike Cole	Vice Relations	Profile
Lee Bienstock	Chief Officer	Profile
Andre CPA	Executive Strategy	Profile

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