Ensign Correlations

ENSG Stock

USD 128.24 1.35 1.04%

The current 90-days correlation between Ensign Group and Select Medical Holdings is 0.63 (i.e., Poor diversification). The correlation of Ensign 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.

Ensign Correlation With Market

Weak diversification

The correlation between The Ensign Group and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Ensign Group 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 The Ensign Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Ensign Stock

0.62	ELMD	Electromed	Pair Corr
0.68	RMD	ResMed Inc	Pair Corr
0.77	SEM	Select Medical Holdings	Pair Corr
0.7	UHS	Universal Health Services	Pair Corr
0.67	WST	West Pharmaceutical	Pair Corr
0.61	IART	Integra LifeSciences	Pair Corr

Moving against Ensign Stock

0.65	LUCD	Lucid Diagnostics	Pair Corr
0.63	LUNG	Pulmonx Corp	Pair Corr
0.47	INMD	InMode	Pair Corr
0.46	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.37	NVRO	Nevro Corp	Pair Corr
0.33	TMDX	TransMedics Group	Pair Corr
0.31	OPCH	Option Care Health	Pair Corr

Related Correlations Analysis

	EHAB	PNTG	INNV	NHC	SEM	EHC	UHS	ADUS	SGRY	HCSG
EHAB		-0.37	-0.47	-0.38	-0.33	0.7	-0.16	-0.63	0.67	-0.49	EHAB
PNTG	-0.37		0.63	0.72	0.79	-0.19	0.73	0.87	-0.33	0.7	PNTG
INNV	-0.47	0.63		0.79	0.5	-0.5	0.3	0.72	-0.61	0.81	INNV
NHC	-0.38	0.72	0.79		0.46	-0.29	0.23	0.66	-0.43	0.7	NHC
SEM	-0.33	0.79	0.5	0.46		0.06	0.85	0.78	-0.08	0.43	SEM
EHC	0.7	-0.19	-0.5	-0.29	0.06		0.15	-0.47	0.81	-0.63	EHC
UHS	-0.16	0.73	0.3	0.23	0.85	0.15		0.64	0.04	0.34	UHS
ADUS	-0.63	0.87	0.72	0.66	0.78	-0.47	0.64		-0.54	0.78	ADUS
SGRY	0.67	-0.33	-0.61	-0.43	-0.08	0.81	0.04	-0.54		-0.74	SGRY
HCSG	-0.49	0.7	0.81	0.7	0.43	-0.63	0.34	0.78	-0.74		HCSG
	EHAB	PNTG	INNV	NHC	SEM	EHC	UHS	ADUS	SGRY	HCSG

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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
UHS	+ 0.85	SEM
HCSG	+ 0.81	INNV
SGRY	+ 0.81	EHC
SEM	+ 0.79	PNTG
NHC	+ 0.79	INNV

High negative correlations

HCSG	- 0.74	SGRY
HCSG	- 0.63	EHC
ADUS	- 0.63	EHAB
SGRY	- 0.61	INNV
SGRY	- 0.54	ADUS
EHC	- 0.5	INNV

Risk-Adjusted Indicators

There is a big difference between Ensign Stock performing well and Ensign 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 Ensign'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	1.65	0.17	0.07	0.11	2.40	(1.59)	3.81	(3.65)	10.46
PNTG	1.99	(0.28)	0.00	(0.66)	0.00	0.00	3.57	(3.99)	15.62
INNV	2.59	(0.38)	0.00	(0.47)	0.00	0.00	5.44	(7.11)	27.64
NHC	1.32	(0.39)	0.00	(0.72)	0.00	0.00	2.19	(3.51)	7.80
SEM	1.67	(0.14)	0.00	(0.18)	0.00	0.00	3.41	(3.79)	11.55
EHC	1.07	0.03	0.00	(0.02)	0.00	0.00	1.84	(2.36)	6.49
UHS	1.53	(0.06)	0.00	(0.16)	0.00	0.00	2.96	(3.61)	9.97
ADUS	1.45	(0.45)	0.00	(0.89)	0.00	0.00	2.34	(3.22)	14.72
SGRY	1.85	0.36	0.20	0.41	1.66	(2.65)	4.58	(2.64)	23.37
HCSG	1.36	(0.23)	0.00	(0.40)	0.00	0.00	2.51	(3.30)	9.76

Ensign Corporate Executives

Elected by the shareholders, the Ensign's board of directors comprises two types of representatives: Ensign inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ensign. The board's role is to monitor Ensign's management team and ensure that shareholders' interests are well served. Ensign's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ensign's outside directors are responsible for providing unbiased perspectives on the board's policies.

Suzanne Snapper	Executive CFO	Profile
Suzanne CPA	Executive CFO	Profile
Barry Port	COO of Ensign Services, Inc	Profile

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