Fresenius Medical Correlations

FMS Stock

USD 24.26 0.36 1.46%

The current 90-days correlation between Fresenius Medical Care and Universal Health Services is 0.19 (i.e., Average diversification). The correlation of Fresenius Medical 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.

Fresenius Medical Correlation With Market

Weak diversification

The correlation between Fresenius Medical Care and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresenius Medical Care 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 Fresenius Medical Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against Fresenius Stock

0.59	HAE	Haemonetics	Pair Corr
0.32	HOLX	Hologic	Pair Corr
0.68	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.49	SSKN	STRATA Skin Sciences Earnings Call Tomorrow	Pair Corr
0.47	TELA	Tela Bio	Pair Corr
0.41	CDIOW	Cardio Diagnostics	Pair Corr
0.59	WINT	Windtree Therapeutics	Pair Corr
0.44	ELVN	Enliven Therapeutics	Pair Corr
0.34	MRK	Merck Company	Pair Corr
0.31	ELEV	Elevation Oncology	Pair Corr

Related Correlations Analysis

	UHS	ADUS	HCA	THC	SEM	EHC	PNTG	INNV	ACHC	ENSG
UHS		0.64	0.24	0.86	0.85	0.15	0.73	0.3	0.85	0.7	UHS
ADUS	0.64		-0.41	0.45	0.78	-0.47	0.87	0.72	0.81	0.63	ADUS
HCA	0.24	-0.41		0.49	0.01	0.71	-0.21	-0.45	-0.13	0.17	HCA
THC	0.86	0.45	0.49		0.79	0.44	0.61	0.11	0.66	0.66	THC
SEM	0.85	0.78	0.01	0.79		0.06	0.79	0.5	0.81	0.77	SEM
EHC	0.15	-0.47	0.71	0.44	0.06		-0.19	-0.5	-0.19	0.01	EHC
PNTG	0.73	0.87	-0.21	0.61	0.79	-0.19		0.63	0.8	0.71	PNTG
INNV	0.3	0.72	-0.45	0.11	0.5	-0.5	0.63		0.38	0.55	INNV
ACHC	0.85	0.81	-0.13	0.66	0.81	-0.19	0.8	0.38		0.55	ACHC
ENSG	0.7	0.63	0.17	0.66	0.77	0.01	0.71	0.55	0.55		ENSG
	UHS	ADUS	HCA	THC	SEM	EHC	PNTG	INNV	ACHC	ENSG

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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

PNTG	+ 0.87	ADUS
THC	+ 0.86	UHS
SEM	+ 0.85	UHS
ACHC	+ 0.85	UHS
ACHC	+ 0.81	ADUS
ACHC	+ 0.81	SEM

High negative correlations

INNV	- 0.5	EHC
EHC	- 0.47	ADUS
INNV	- 0.45	HCA
HCA	- 0.41	ADUS
PNTG	- 0.21	HCA
ACHC	- 0.19	EHC

Risk-Adjusted Indicators

There is a big difference between Fresenius Stock performing well and Fresenius Medical 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 Fresenius Medical'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
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
HCA	1.54	0.13	0.07	0.13	2.14	(1.47)	3.07	(3.75)	10.61
THC	1.84	(0.06)	0.00	(0.12)	0.00	0.00	2.88	(3.84)	12.10
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
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
ACHC	2.06	(0.46)	0.00	13.63	0.00	0.00	4.10	(3.00)	34.24
ENSG	1.32	(0.10)	0.00	(0.21)	0.00	0.00	2.40	(2.56)	11.10

Fresenius Medical Corporate Management

Charlotte Stange	VP Sustainability	Profile
Roberto Fuste	Member of the Management Board for Asia-Pacific	Profile
Pascale Witz	Independent Member of the Supervisory Board	Profile
GailSuzanne Brown	Senior Development	Profile
Katarzyna MazurHofsab	Management AG	Profile
Borries Muller	Senior Communications	Profile

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