Lifestance Health Correlations

LFST Stock

USD 7.52 0.01 0.13%

The current 90-days correlation between Lifestance Health and Pennant Group is 0.03 (i.e., Significant diversification). The correlation of Lifestance Health 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.

Lifestance Health Correlation With Market

Weak diversification

The correlation between Lifestance Health Group and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lifestance Health Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lifestance Health 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 Lifestance Stock

0.67	MD	Mednax Inc	Pair Corr
0.71	OM	Outset Medical	Pair Corr
0.72	DOCS	Doximity	Pair Corr
0.64	VREX	Varex Imaging Corp	Pair Corr
0.79	ELMD	Electromed	Pair Corr
0.81	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.66	SYK	Stryker	Pair Corr
0.63	WGS	GeneDx Holdings Corp	Pair Corr
0.74	LNSR	LENSAR Inc	Pair Corr
0.62	MMSI	Merit Medical Systems	Pair Corr
0.8	PODD	Insulet	Pair Corr
0.73	TCMD	Tactile Systems Tech	Pair Corr

Moving against Lifestance Stock

0.63	EKSO	Ekso Bionics Holdings	Pair Corr
0.47	VERO	Venus Concept	Pair Corr
0.37	VTAK	Catheter Precision	Pair Corr
0.35	CI	Cigna Corp	Pair Corr
0.58	LIFWW	MSP Recovery	Pair Corr
0.5	KIDS	Orthopediatrics Corp	Pair Corr
0.36	IRIX	IRIDEX	Pair Corr
0.79	VALN	Valneva SE ADR	Pair Corr
0.61	TNDM	Tandem Diabetes Care	Pair Corr
0.6	ME	23Andme Holding Upward Rally	Pair Corr
0.51	AIMD	Ainos Inc	Pair Corr
0.37	EQ	Equillium	Pair Corr
0.31	A	Agilent Technologies Sell-off Trend	Pair Corr

Related Correlations Analysis

	PNTG	EHC	EHAB	CCM	NHC	ACHC	AMEH	SEM	INNV	UHS
PNTG		-0.43	0.27	0.36	0.01	0.57	0.01	-0.41	0.57	0.7	PNTG
EHC	-0.43		-0.26	-0.18	0.13	-0.83	-0.43	0.68	-0.48	-0.69	EHC
EHAB	0.27	-0.26		-0.45	0.68	0.59	0.56	0.36	0.35	0.49	EHAB
CCM	0.36	-0.18	-0.45		-0.49	0.02	-0.28	-0.68	0.42	0.25	CCM
NHC	0.01	0.13	0.68	-0.49		0.18	0.47	0.61	0.17	0.13	NHC
ACHC	0.57	-0.83	0.59	0.02	0.18		0.59	-0.44	0.63	0.87	ACHC
AMEH	0.01	-0.43	0.56	-0.28	0.47	0.59		0.09	0.21	0.49	AMEH
SEM	-0.41	0.68	0.36	-0.68	0.61	-0.44	0.09		-0.42	-0.44	SEM
INNV	0.57	-0.48	0.35	0.42	0.17	0.63	0.21	-0.42		0.67	INNV
UHS	0.7	-0.69	0.49	0.25	0.13	0.87	0.49	-0.44	0.67		UHS
	PNTG	EHC	EHAB	CCM	NHC	ACHC	AMEH	SEM	INNV	UHS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

UHS	+ 0.87	ACHC
UHS	+ 0.7	PNTG
SEM	+ 0.68	EHC
NHC	+ 0.68	EHAB
UHS	+ 0.67	INNV
INNV	+ 0.63	ACHC

High negative correlations

ACHC	- 0.83	EHC
UHS	- 0.69	EHC
SEM	- 0.68	CCM
NHC	- 0.49	CCM
INNV	- 0.48	EHC
CCM	- 0.45	EHAB

Risk-Adjusted Indicators

There is a big difference between Lifestance Stock performing well and Lifestance Health 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 Lifestance Health'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
PNTG	2.14	(0.28)	0.00	(0.07)	0.00	0.00	4.12	(3.97)	12.42
EHC	0.91	0.13	0.05	0.49	0.83	(0.98)	1.74	(1.86)	9.75
EHAB	1.85	(0.25)	0.00	(0.06)	0.00	0.00	5.22	(4.56)	11.79
CCM	3.99	0.00	0.00	0.13	0.00	0.00	10.40	(7.79)	41.12
NHC	1.47	(0.33)	0.00	(0.06)	0.00	0.00	3.12	(3.57)	11.56
ACHC	2.25	(1.08)	0.00	(0.82)	0.00	0.00	3.36	(5.78)	21.88
AMEH	2.14	(0.31)	0.00	(0.32)	0.00	0.00	4.26	(5.40)	14.65
SEM	1.59	(0.03)	0.02	0.11	1.84	(1.67)	3.01	(2.51)	16.75
INNV	2.18	(0.55)	0.00	(0.20)	0.00	0.00	4.23	(4.81)	11.60
UHS	1.38	(0.26)	0.00	(0.49)	0.00	0.00	2.40	(4.07)	14.88

Lifestance Health Corporate Management

Ryan JD	Chief Secretary	Profile
CPE MBA	Chief Officer	Profile
Lisa Miller	Executive Operations	Profile
Richard Hall	Executive Services	Profile
Paula Wood	Chief Officer	Profile
Toi Valentine	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC