Encompass Health Correlations

EHC Stock

USD 97.10 0.00 0.00%

The current 90-days correlation between Encompass Health Corp and The Ensign Group is 0.67 (i.e., Poor diversification). The correlation of Encompass Health 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.

Encompass Health Correlation With Market

Very weak diversification

The correlation between Encompass Health Corp and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Encompass Health Corp 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 Encompass Health Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Encompass Stock

0.69	PEN	Penumbra	Pair Corr
0.77	HIMS	Hims Hers Health Buyout Trend	Pair Corr
0.75	INMD	InMode	Pair Corr
0.74	ACONW	Aclarion	Pair Corr
0.68	LUCD	Lucid Diagnostics	Pair Corr
0.64	MASI	Masimo	Pair Corr
0.75	NURO	NeuroMetrix	Pair Corr
0.63	DCTH	Delcath Systems Earnings Call Today	Pair Corr
0.67	AZN	AstraZeneca PLC ADR	Pair Corr

Moving against Encompass Stock

0.73	HAE	Haemonetics	Pair Corr
0.54	HOLX	Hologic	Pair Corr
0.77	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.68	SSKN	STRATA Skin Sciences Earnings Call Tomorrow	Pair Corr
0.37	CDIOW	Cardio Diagnostics	Pair Corr
0.36	TELA	Tela Bio	Pair Corr
0.35	PAVMZ	PAVmed Series Z	Pair Corr
0.72	MRK	Merck Company	Pair Corr
0.67	WINT	Windtree Therapeutics	Pair Corr
0.49	VRDN	Viridian Therapeutics	Pair Corr
0.48	ELVN	Enliven Therapeutics	Pair Corr
0.31	ELEV	Elevation Oncology	Pair Corr

Related Correlations Analysis

	PNTG	ENSG	INNV	MODV	ACHC	SEM	ADUS	EHAB	CCM	NHC
PNTG		0.71	0.63	0.63	0.8	0.79	0.87	-0.37	0.17	0.72	PNTG
ENSG	0.71		0.55	0.3	0.55	0.77	0.63	-0.12	0.14	0.45	ENSG
INNV	0.63	0.55		0.81	0.38	0.5	0.72	-0.47	0.14	0.79	INNV
MODV	0.63	0.3	0.81		0.4	0.37	0.65	-0.59	0.26	0.87	MODV
ACHC	0.8	0.55	0.38	0.4		0.81	0.81	-0.47	0.33	0.36	ACHC
SEM	0.79	0.77	0.5	0.37	0.81		0.78	-0.33	0.33	0.46	SEM
ADUS	0.87	0.63	0.72	0.65	0.81	0.78		-0.63	0.16	0.66	ADUS
EHAB	-0.37	-0.12	-0.47	-0.59	-0.47	-0.33	-0.63		-0.32	-0.38	EHAB
CCM	0.17	0.14	0.14	0.26	0.33	0.33	0.16	-0.32		0.15	CCM
NHC	0.72	0.45	0.79	0.87	0.36	0.46	0.66	-0.38	0.15		NHC
	PNTG	ENSG	INNV	MODV	ACHC	SEM	ADUS	EHAB	CCM	NHC

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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

ADUS	+ 0.87	PNTG
NHC	+ 0.87	MODV
MODV	+ 0.81	INNV
SEM	+ 0.81	ACHC
ADUS	+ 0.81	ACHC
ACHC	+ 0.8	PNTG

High negative correlations

EHAB	- 0.63	ADUS
EHAB	- 0.59	MODV
EHAB	- 0.47	ACHC
EHAB	- 0.47	INNV
NHC	- 0.38	EHAB
EHAB	- 0.37	PNTG

Risk-Adjusted Indicators

There is a big difference between Encompass Stock performing well and Encompass Health 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 Encompass Health'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
PNTG	1.99	(0.28)	0.00	(0.66)	0.00	0.00	3.57	(3.99)	15.62
ENSG	1.32	(0.10)	0.00	(0.21)	0.00	0.00	2.40	(2.56)	11.10
INNV	2.59	(0.38)	0.00	(0.47)	0.00	0.00	5.44	(7.11)	27.64
MODV	7.19	(2.44)	0.00	(1.25)	0.00	0.00	13.42	(16.45)	60.89
ACHC	2.06	(0.46)	0.00	13.63	0.00	0.00	4.10	(3.00)	34.24
SEM	1.67	(0.14)	0.00	(0.18)	0.00	0.00	3.41	(3.79)	11.55
ADUS	1.45	(0.45)	0.00	(0.89)	0.00	0.00	2.34	(3.22)	14.72
EHAB	1.65	0.17	0.07	0.11	2.40	(1.59)	3.81	(3.65)	10.46
CCM	4.87	(0.09)	0.00	(0.72)	0.00	0.00	11.55	(10.53)	50.12
NHC	1.32	(0.39)	0.00	(0.72)	0.00	0.00	2.19	(3.51)	7.80

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