Assure Holdings Correlations

Summary

IONMDelisted Stock

USD 0.68 0.08 13.33%

The current 90-days correlation between Assure Holdings Corp and Novo Integrated Sciences is -0.26 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assure Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assure Holdings Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assure Holdings Correlation With Market

Significant diversification

The correlation between Assure Holdings Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assure Holdings Corp 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Assure Stock

0.75	AGL	agilon health	Pair Corr
0.76	AMN	AMN Healthcare Services	Pair Corr
0.78	BKD	Brookdale Senior Living	Pair Corr
0.63	CHE	Chemed Corp	Pair Corr
0.78	CYH	Community Health Systems	Pair Corr
0.79	HCA	HCA Holdings	Pair Corr
0.79	THC	Tenet Healthcare	Pair Corr
0.77	UHS	Universal Health Services	Pair Corr
0.8	INNV	InnovAge Holding Corp	Pair Corr
0.89	NVOS	Novo Integrated Sciences	Pair Corr
0.61	OPCH	Option Care Health	Pair Corr
0.69	PACS	PACS Group,	Pair Corr
0.75	PIII	P3 Health Partners	Pair Corr
0.81	PNTG	Pennant Group	Pair Corr
0.75	ACHC	Acadia Healthcare	Pair Corr
0.72	AMED	Amedisys	Pair Corr

Moving against Assure Stock

0.63	GRDN	Guardian Pharmacy	Pair Corr
0.59	FMS	Fresenius Medical Care	Pair Corr
0.4	MD	Mednax Inc	Pair Corr
0.4	HCSG	Healthcare Services	Pair Corr
0.32	AMS	American Shared Hospital	Pair Corr
0.54	NIVFW	NewGenIvf Group	Pair Corr
0.5	LFST	Lifestance Health	Pair Corr
0.5	BTMD	biote Corp	Pair Corr
0.5	CCEL	CryoCell International	Pair Corr
0.47	CCRN	Cross Country Healthcare	Pair Corr

Related Correlations Analysis

	IMACW	NVOS	AVAH	PIII	AIH	SNDA	ACHC	CCEL	AIRS	PNTG
IMACW		0.73	-0.22	0.57	-0.16	0.29	0.74	-0.6	-0.38	0.57	IMACW
NVOS	0.73		0.1	0.64	-0.14	0.41	0.77	-0.47	-0.15	0.82	NVOS
AVAH	-0.22	0.1		-0.1	0.19	0.13	-0.19	0.51	0.68	0.25	AVAH
PIII	0.57	0.64	-0.1		-0.35	0.55	0.71	-0.71	-0.19	0.81	PIII
AIH	-0.16	-0.14	0.19	-0.35		-0.19	-0.04	0.08	-0.27	-0.21	AIH
SNDA	0.29	0.41	0.13	0.55	-0.19		0.38	-0.23	0.11	0.42	SNDA
ACHC	0.74	0.77	-0.19	0.71	-0.04	0.38		-0.8	-0.53	0.72	ACHC
CCEL	-0.6	-0.47	0.51	-0.71	0.08	-0.23	-0.8		0.7	-0.55	CCEL
AIRS	-0.38	-0.15	0.68	-0.19	-0.27	0.11	-0.53	0.7		-0.01	AIRS
PNTG	0.57	0.82	0.25	0.81	-0.21	0.42	0.72	-0.55	-0.01		PNTG
	IMACW	NVOS	AVAH	PIII	AIH	SNDA	ACHC	CCEL	AIRS	PNTG

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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	+ 0.82	NVOS
PNTG	+ 0.81	PIII
ACHC	+ 0.77	NVOS
ACHC	+ 0.74	IMACW
NVOS	+ 0.73	IMACW
PNTG	+ 0.72	ACHC

High negative correlations

CCEL	- 0.8	ACHC
CCEL	- 0.71	PIII
CCEL	- 0.6	IMACW
PNTG	- 0.55	CCEL
AIRS	- 0.53	ACHC
CCEL	- 0.47	NVOS

Risk-Adjusted Indicators

There is a big difference between Assure Stock performing well and Assure Holdings 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 Assure Holdings' 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
IMACW	45.76	16.63	0.44	(1.41)	26.50	(88.58)	166.67	(69.50)	707.09
NVOS	7.53	(2.20)	0.00	15.82	0.00	0.00	11.54	(17.57)	90.12
AVAH	2.63	(0.18)	0.00	(0.19)	0.00	0.00	5.69	(5.30)	23.12
PIII	5.38	(0.55)	0.00	(2.99)	0.00	0.00	10.00	(8.70)	65.63
AIH	16.55	2.54	0.11	(0.83)	18.11	(22.04)	56.25	(37.88)	125.38
SNDA	2.42	(0.18)	0.00	(0.33)	0.00	0.00	5.59	(5.22)	12.89
ACHC	2.18	(0.95)	0.00	(6.21)	0.00	0.00	3.85	(5.78)	21.88
CCEL	2.69	0.31	0.13	(3.36)	2.24	(3.61)	6.23	(4.15)	30.49
AIRS	4.60	0.13	0.02	0.11	5.32	(4.60)	9.66	(7.80)	30.40
PNTG	1.90	(0.40)	0.00	2.98	0.00	0.00	3.81	(3.74)	11.60

View Assure Holdings Related Equities

IMAC Holdings Novo Integrated Sciences Aveanna Healthcare Holdings P3 Health Partners Aesthetic Medical Intl Sonida Senior Living Acadia Healthcare CryoCell International Airsculpt Technologies Pennant Group Amedisys Oncology Institute Cano Health Lifestance Health Group agilon health

Risk & Return

Correlation

Assure Holdings Corporate Management

John Price	CFO Sec	Profile
Brian McDonald	Chief Officer	Profile
Craig Caviness	VP Devel	Profile
Jerod Powell	Chief Officer	Profile
Paul Webster	Interim Management	Profile
Scott Kozak	Director Relations	Profile

Still Interested in Assure Holdings Corp?

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