Guardian Pharmacy Correlations

GRDN Stock

20.23 1.17 5.47%

The current 90-days correlation between Guardian Pharmacy and FARO Technologies is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guardian Pharmacy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Pharmacy Services, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Guardian Pharmacy Correlation With Market

Good diversification

The correlation between Guardian Pharmacy Services, and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guardian Pharmacy Services, and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardian Pharmacy Services,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Guardian Stock

0.63	ENSG	Ensign Group	Pair Corr
0.64	PNTG	Pennant Group	Pair Corr

Moving against Guardian Stock

0.49	BKD	Brookdale Senior Living	Pair Corr
0.37	CHE	Chemed Corp	Pair Corr
0.38	AMED	Amedisys	Pair Corr
0.33	OPCH	Option Care Health	Pair Corr

Related Correlations Analysis

	RBMTF	FARO	WETO	BNTX	WDC	UPLD	PSFE	IONR
RBMTF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RBMTF
FARO	0.0		-0.19	0.05	0.24	-0.34	0.35	0.34	FARO
WETO	0.0	-0.19		0.4	0.55	0.72	0.48	0.53	WETO
BNTX	0.0	0.05	0.4		0.7	0.7	0.54	0.39	BNTX
WDC	0.0	0.24	0.55	0.7		0.64	0.74	0.57	WDC
UPLD	0.0	-0.34	0.72	0.7	0.64		0.41	0.39	UPLD
PSFE	0.0	0.35	0.48	0.54	0.74	0.41		0.46	PSFE
IONR	0.0	0.34	0.53	0.39	0.57	0.39	0.46		IONR
	RBMTF	FARO	WETO	BNTX	WDC	UPLD	PSFE	IONR

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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

PSFE	+ 0.74	WDC
UPLD	+ 0.72	WETO
WDC	+ 0.7	BNTX
UPLD	+ 0.7	BNTX
UPLD	+ 0.64	WDC
IONR	+ 0.57	WDC

High negative correlations

UPLD	- 0.34	FARO
WETO	- 0.19	FARO
IONR	- 0.0	RBMTF
PSFE	- 0.0	RBMTF
UPLD	- 0.0	RBMTF
WDC	- 0.0	RBMTF

Risk-Adjusted Indicators

There is a big difference between Guardian Stock performing well and Guardian Pharmacy 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 Guardian Pharmacy'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
RBMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FARO	2.77	0.09	0.03	0.07	2.77	(3.26)	4.78	(4.20)	22.69
WETO	2.55	0.01	0.00	0.02	4.08	(2.58)	4.44	(5.26)	10.00
BNTX	2.50	(0.25)	0.00	(0.18)	0.00	0.00	5.51	(4.92)	16.34
WDC	2.08	(0.16)	0.00	(0.11)	0.00	0.00	4.74	(5.06)	13.32
UPLD	3.72	(0.53)	0.00	(0.42)	0.00	0.00	8.28	(8.24)	20.15
PSFE	2.58	0.07	0.01	0.04	5.50	(2.27)	4.11	(5.69)	35.03
IONR	3.42	0.08	0.02	0.11	3.74	(4.12)	6.70	(6.07)	32.97

Guardian Pharmacy Corporate Management

Douglas Towns	VP Counsel	Profile
David Martin	Vice Officer	Profile
Bethany RPh	Senior Marketing	Profile
Kendall RPh	Executive Operations	Profile

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