Nutex Health Correlations

NUTX Stock

USD 66.06 1.30 1.93%

The current 90-days correlation between Nutex Health and EUDA Health Holdings is -0.15 (i.e., Good diversification). The correlation of Nutex 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.

Nutex Health Correlation With Market

Weak diversification

The correlation between Nutex Health and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nutex Health 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 Nutex Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Nutex Stock please use our How to Invest in Nutex Health guide.

Moving together with Nutex Stock

0.65	ALC	Alcon AG Earnings Call This Week	Pair Corr
0.77	HYPR	Hyperfine	Pair Corr
0.61	IRMD	Iradimed	Pair Corr
0.65	ACB	Aurora Cannabis	Pair Corr
0.74	LLY	Eli Lilly	Pair Corr
0.84	GILD	Gilead Sciences	Pair Corr

Moving against Nutex Stock

0.8	SRDX	SurModics	Pair Corr
0.71	ERAS	Erasca Inc	Pair Corr
0.65	DSGN	Design Therapeutics	Pair Corr
0.59	CGC	Canopy Growth Corp	Pair Corr
0.55	TFX	Teleflex Incorporated Earnings Call This Week	Pair Corr
0.44	FDMT	4D Molecular Therapeutics	Pair Corr
0.42	WST	West Pharmaceutical Buyout Trend	Pair Corr
0.39	EWTX	Edgewise Therapeutics Earnings Call This Week	Pair Corr
0.85	IRWD	Ironwood Pharmaceuticals	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.7	IMVT	Immunovant	Pair Corr
0.7	NUVB	Nuvation Bio	Pair Corr
0.6	MREO	Mereo BioPharma Group	Pair Corr
0.58	GBIO	Generation Bio	Pair Corr
0.57	MRSN	Mersana Therapeutics	Pair Corr
0.56	IPSC	Century Therapeutics	Pair Corr

Related Correlations Analysis

	FOXO	BEAT	EUDA	UTRS	PRVA	EVH	HSTM	STRM	NRC	LIFW
FOXO		0.44	0.25	0.0	-0.15	0.71	-0.07	-0.76	0.81	0.0	FOXO
BEAT	0.44		0.57	0.0	-0.15	0.27	0.2	-0.41	0.54	0.0	BEAT
EUDA	0.25	0.57		0.0	-0.43	0.23	-0.1	-0.22	0.14	0.0	EUDA
UTRS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	UTRS
PRVA	-0.15	-0.15	-0.43	0.0		-0.37	0.76	0.15	-0.02	0.0	PRVA
EVH	0.71	0.27	0.23	0.0	-0.37		-0.19	-0.67	0.69	0.0	EVH
HSTM	-0.07	0.2	-0.1	0.0	0.76	-0.19		0.04	0.1	0.0	HSTM
STRM	-0.76	-0.41	-0.22	0.0	0.15	-0.67	0.04		-0.74	0.0	STRM
NRC	0.81	0.54	0.14	0.0	-0.02	0.69	0.1	-0.74		0.0	NRC
LIFW	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		LIFW
	FOXO	BEAT	EUDA	UTRS	PRVA	EVH	HSTM	STRM	NRC	LIFW

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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

NRC	+ 0.81	FOXO
HSTM	+ 0.76	PRVA
EVH	+ 0.71	FOXO
NRC	+ 0.69	EVH
EUDA	+ 0.57	BEAT
NRC	+ 0.54	BEAT

High negative correlations

STRM	- 0.76	FOXO
NRC	- 0.74	STRM
STRM	- 0.67	EVH
PRVA	- 0.43	EUDA
STRM	- 0.41	BEAT
EVH	- 0.37	PRVA

Risk-Adjusted Indicators

There is a big difference between Nutex Stock performing well and Nutex 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 Nutex 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
FOXO	8.62	(0.22)	0.00	0.10	0.00	0.00	34.29	(13.51)	88.13
BEAT	3.12	(0.21)	0.00	(0.24)	0.00	0.00	6.67	(6.47)	27.25
EUDA	4.84	0.14	0.02	(0.11)	5.71	(4.98)	10.81	(8.47)	33.72
UTRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRVA	1.67	0.27	0.13	0.26	1.90	(1.77)	4.13	(3.28)	11.98
EVH	2.76	(0.36)	0.00	0.86	0.00	0.00	5.35	(7.87)	24.95
HSTM	0.90	0.08	0.05	0.13	1.26	(0.84)	1.68	(2.12)	6.33
STRM	5.10	0.74	0.12	(0.73)	5.31	(5.81)	13.95	(8.81)	51.35
NRC	2.07	(0.15)	0.00	(0.16)	0.00	0.00	3.81	(3.71)	18.35
LIFW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Nutex Health Corporate Management

Vivian MBA	Director Marketing	Profile
Mark Milliner	Controller	Profile
BSN JD	Chief Sec	Profile
Elizabeth Hall	HR Mang	Profile
Jon Bates	Chief Officer	Profile
MD MBA	Chairman CEO	Profile

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