Joint Corp Correlations

JYNT Stock

USD 12.43 1.13 10.00%

The current 90-days correlation between Joint Corp and InnovAge Holding Corp is -0.13 (i.e., Good diversification). The correlation of Joint Corp 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.

Joint Corp Correlation With Market

Significant diversification

The correlation between The Joint Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Joint 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, which includes a position in The Joint 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 board of governors.

Moving together with Joint Stock

0.76	ALC	Alcon AG	Pair Corr
0.71	BSX	Boston Scientific Corp	Pair Corr
0.61	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.8	EHC	Encompass Health Corp	Pair Corr
0.68	FNA	Paragon 28	Pair Corr
0.7	SYK	Stryker	Pair Corr
0.76	GDRX	Goodrx Holdings	Pair Corr
0.65	INMD	InMode	Pair Corr
0.66	IRTC	iRhythm Technologies	Pair Corr
0.69	NVRO	Nevro Corp	Pair Corr
0.61	OPCH	Option Care Health	Pair Corr

Moving against Joint Stock

0.38	WST	West Pharmaceutical	Pair Corr
0.53	SGHT	Sight Sciences	Pair Corr
0.39	MDAI	Spectral AI	Pair Corr
0.37	ADUS	Addus HomeCare	Pair Corr
0.36	NNOX	Nano X Imaging	Pair Corr
0.35	SRDX	SurModics	Pair Corr

Related Correlations Analysis

	EHC	PNTG	EHAB	MODV	ENSG	INNV	NHC	SEM	CCEL
EHC		-0.17	0.72	-0.59	0.02	-0.45	-0.25	0.07	0.22	EHC
PNTG	-0.17		-0.31	0.25	0.71	0.65	0.73	0.79	0.29	PNTG
EHAB	0.72	-0.31		-0.69	-0.08	-0.39	-0.32	-0.27	-0.23	EHAB
MODV	-0.59	0.25	-0.69		-0.04	0.39	0.28	0.26	0.31	MODV
ENSG	0.02	0.71	-0.08	-0.04		0.56	0.47	0.78	0.1	ENSG
INNV	-0.45	0.65	-0.39	0.39	0.56		0.81	0.5	-0.15	INNV
NHC	-0.25	0.73	-0.32	0.28	0.47	0.81		0.46	-0.07	NHC
SEM	0.07	0.79	-0.27	0.26	0.78	0.5	0.46		0.53	SEM
CCEL	0.22	0.29	-0.23	0.31	0.1	-0.15	-0.07	0.53		CCEL
	EHC	PNTG	EHAB	MODV	ENSG	INNV	NHC	SEM	CCEL

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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

NHC	+ 0.81	INNV
SEM	+ 0.79	PNTG
SEM	+ 0.78	ENSG
NHC	+ 0.73	PNTG
EHAB	+ 0.72	EHC
ENSG	+ 0.71	PNTG

High negative correlations

MODV	- 0.69	EHAB
MODV	- 0.59	EHC
INNV	- 0.45	EHC
INNV	- 0.39	EHAB
NHC	- 0.32	EHAB
EHAB	- 0.31	PNTG

Risk-Adjusted Indicators

There is a big difference between Joint Stock performing well and Joint Corp 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 Joint Corp'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
EHC	1.04	0.06	0.06	0.01	1.34	(1.10)	1.84	(2.36)	6.49
PNTG	1.95	(0.23)	0.00	(0.57)	0.00	0.00	3.57	(3.99)	15.62
EHAB	1.61	0.21	0.08	0.14	2.27	(1.59)	3.81	(3.65)	10.46
MODV	7.17	(2.11)	0.00	96.17	0.00	0.00	13.42	(13.98)	60.89
ENSG	1.32	(0.07)	0.00	(0.17)	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
NHC	1.33	(0.36)	0.00	(0.69)	0.00	0.00	2.19	(3.51)	7.80
SEM	1.68	(0.14)	0.00	(0.18)	0.00	0.00	3.41	(3.79)	11.55
CCEL	2.69	(0.25)	0.00	0.24	0.00	0.00	5.40	(4.60)	23.13

Joint Corp Corporate Management

Craig Sherwood	Senior Development	Profile
Beth Gross	Senior Resources	Profile
Jorge Armenteros	Senior Operations	Profile
Jason Greenwood	Chief Officer	Profile
Jake CPA	Chief Officer	Profile
Lori Habib	Chief Officer	Profile
Charles Nelles	Chief Officer	Profile

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