Option Care Correlations

OPCH Stock

USD 34.58 0.29 0.85%

The current 90-days correlation between Option Care Health and Acadia Healthcare is 0.13 (i.e., Average diversification). The correlation of Option Care 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.

Option Care Correlation With Market

Weak diversification

The correlation between Option Care Health and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Option Care Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Option Care 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 main economic indicators.

Moving together with Option Stock

0.86	PEN	Penumbra	Pair Corr
0.68	INMD	InMode	Pair Corr
0.8	ACONW	Aclarion	Pair Corr
0.81	LUCD	Lucid Diagnostics	Pair Corr
0.91	NURO	NeuroMetrix	Pair Corr
0.88	AZN	AstraZeneca PLC ADR	Pair Corr

Moving against Option Stock

0.86	HAE	Haemonetics	Pair Corr
0.8	HOLX	Hologic	Pair Corr
0.69	XAIR	Beyond Air	Pair Corr
0.58	INFU	InfuSystems Holdings	Pair Corr
0.53	INSP	Inspire Medical Systems	Pair Corr
0.52	LIVN	LivaNova PLC	Pair Corr
0.33	ICUI	ICU Medical	Pair Corr
0.95	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.79	SSKN	STRATA Skin Sciences Earnings Call This Week	Pair Corr
0.78	CDIOW	Cardio Diagnostics	Pair Corr
0.72	TELA	Tela Bio	Pair Corr
0.57	PAVMZ	PAVmed Series Z	Pair Corr
0.96	WINT	Windtree Therapeutics	Pair Corr
0.81	ELVN	Enliven Therapeutics	Pair Corr
0.77	VRDN	Viridian Therapeutics	Pair Corr
0.61	MRK	Merck Company	Pair Corr
0.47	ELEV	Elevation Oncology	Pair Corr
0.43	OCEAW	Ocean Biomedical	Pair Corr

Related Correlations Analysis

	ADUS	ACHC	EHC	SEM	ENSG	UHS	SGRY	AMED	EHAB	PNTG
ADUS		0.81	-0.47	0.78	0.63	0.64	-0.54	-0.38	-0.63	0.87	ADUS
ACHC	0.81		-0.19	0.81	0.55	0.85	-0.17	-0.01	-0.47	0.8	ACHC
EHC	-0.47	-0.19		0.06	0.01	0.15	0.81	0.3	0.7	-0.19	EHC
SEM	0.78	0.81	0.06		0.77	0.85	-0.08	-0.15	-0.33	0.79	SEM
ENSG	0.63	0.55	0.01	0.77		0.7	-0.2	-0.24	-0.12	0.71	ENSG
UHS	0.64	0.85	0.15	0.85	0.7		0.04	0.07	-0.16	0.73	UHS
SGRY	-0.54	-0.17	0.81	-0.08	-0.2	0.04		0.48	0.67	-0.33	SGRY
AMED	-0.38	-0.01	0.3	-0.15	-0.24	0.07	0.48		0.42	-0.42	AMED
EHAB	-0.63	-0.47	0.7	-0.33	-0.12	-0.16	0.67	0.42		-0.37	EHAB
PNTG	0.87	0.8	-0.19	0.79	0.71	0.73	-0.33	-0.42	-0.37		PNTG
	ADUS	ACHC	EHC	SEM	ENSG	UHS	SGRY	AMED	EHAB	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	+ 0.87	ADUS
UHS	+ 0.85	ACHC
UHS	+ 0.85	SEM
ACHC	+ 0.81	ADUS
SEM	+ 0.81	ACHC
SGRY	+ 0.81	EHC

High negative correlations

EHAB	- 0.63	ADUS
SGRY	- 0.54	ADUS
EHAB	- 0.47	ACHC
EHC	- 0.47	ADUS
PNTG	- 0.42	AMED
AMED	- 0.38	ADUS

Risk-Adjusted Indicators

There is a big difference between Option Stock performing well and Option Care 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 Option Care'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
ADUS	1.45	(0.45)	0.00	(0.89)	0.00	0.00	2.34	(3.22)	14.72
ACHC	2.06	(0.46)	0.00	13.63	0.00	0.00	4.10	(3.00)	34.24
EHC	1.07	0.03	0.00	(0.02)	0.00	0.00	1.84	(2.36)	6.49
SEM	1.67	(0.14)	0.00	(0.18)	0.00	0.00	3.41	(3.79)	11.55
ENSG	1.32	(0.10)	0.00	(0.21)	0.00	0.00	2.40	(2.56)	11.10
UHS	1.53	(0.06)	0.00	(0.16)	0.00	0.00	2.96	(3.61)	9.97
SGRY	1.85	0.36	0.20	0.41	1.66	(2.65)	4.58	(2.64)	23.37
AMED	0.37	0.11	0.32	2.42	0.25	(0.41)	0.82	(0.52)	6.31
EHAB	1.65	0.17	0.07	0.11	2.40	(1.59)	3.81	(3.65)	10.46
PNTG	1.99	(0.28)	0.00	(0.66)	0.00	0.00	3.57	(3.99)	15.62

Option Care Corporate Management

Femi MD	Chief Officer	Profile
Nicole Maggio	Principal Officer	Profile
Jill Rhodes	Senior Officer	Profile
Kim Harvey	Senior Operations	Profile
Cari Reed	Senior Services	Profile
Christopher Hartman	Chief Officer	Profile

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