Progyny Correlations

PGNY Stock

USD 22.98 0.05 0.22%

The current 90-days correlation between Progyny and Veeva Systems Class is 0.01 (i.e., Significant diversification). The correlation of Progyny 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.

Progyny Correlation With Market

Average diversification

The correlation between Progyny and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Progyny 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 Progyny. 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.

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

Moving together with Progyny Stock

0.89	GH	Guardant Health	Pair Corr
0.66	ALC	Alcon AG	Pair Corr
0.96	OPCH	Option Care Health	Pair Corr
0.63	ACHC	Acadia Healthcare	Pair Corr
0.88	ALHC	Alignment Healthcare LLC	Pair Corr
0.76	AMED	Amedisys	Pair Corr
0.8	ANGO	AngioDynamics	Pair Corr
0.8	ATRC	AtriCure	Pair Corr
0.61	A	Agilent Technologies Earnings Call Today	Pair Corr

Moving against Progyny Stock

0.87	NHC	National HealthCare	Pair Corr
0.86	HAE	Haemonetics	Pair Corr
0.56	TFX	Teleflex Incorporated	Pair Corr
0.46	DHR	Danaher	Pair Corr
0.44	ENSG	Ensign Group	Pair Corr
0.43	COO	Cooper Companies, Earnings Call Today	Pair Corr
0.31	EMBC	Embecta Corp	Pair Corr
0.8	INNV	InnovAge Holding Corp	Pair Corr
0.65	PNTG	Pennant Group Earnings Call Today	Pair Corr
0.35	UNH	UnitedHealth Group	Pair Corr
0.31	WST	West Pharmaceutical	Pair Corr

Related Correlations Analysis

	VEEV	TDOC	GDRX	TXG	DH	NRC	EVH	SLP	PRVA
VEEV		0.6	0.76	0.02	0.7	0.08	-0.32	0.68	0.51	VEEV
TDOC	0.6		0.72	-0.44	0.83	0.01	-0.27	0.77	0.77	TDOC
GDRX	0.76	0.72		-0.12	0.75	0.15	-0.32	0.73	0.64	GDRX
TXG	0.02	-0.44	-0.12		-0.41	0.41	0.36	-0.25	-0.55	TXG
DH	0.7	0.83	0.75	-0.41		-0.2	-0.44	0.83	0.8	DH
NRC	0.08	0.01	0.15	0.41	-0.2		0.54	-0.16	-0.3	NRC
EVH	-0.32	-0.27	-0.32	0.36	-0.44	0.54		-0.58	-0.58	EVH
SLP	0.68	0.77	0.73	-0.25	0.83	-0.16	-0.58		0.81	SLP
PRVA	0.51	0.77	0.64	-0.55	0.8	-0.3	-0.58	0.81		PRVA
	VEEV	TDOC	GDRX	TXG	DH	NRC	EVH	SLP	PRVA

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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

DH	+ 0.83	TDOC
SLP	+ 0.83	DH
PRVA	+ 0.81	SLP
PRVA	+ 0.8	DH
SLP	+ 0.77	TDOC
PRVA	+ 0.77	TDOC

High negative correlations

PRVA	- 0.58	EVH
SLP	- 0.58	EVH
PRVA	- 0.55	TXG
EVH	- 0.44	DH
TXG	- 0.44	TDOC
DH	- 0.41	TXG

Risk-Adjusted Indicators

There is a big difference between Progyny Stock performing well and Progyny 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 Progyny'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
VEEV	1.35	0.06	0.03	0.21	1.55	(1.46)	2.98	(2.56)	13.12
TDOC	3.61	0.41	0.10	0.26	3.79	(4.40)	8.19	(6.06)	24.85
GDRX	2.18	0.16	0.06	0.13	2.48	(2.43)	4.67	(3.64)	21.47
TXG	2.75	(0.18)	0.00	0.48	0.00	0.00	6.92	(7.03)	25.30
DH	2.46	0.25	0.09	0.63	2.44	(3.27)	6.80	(4.46)	17.13
NRC	1.93	(0.25)	0.00	(0.21)	0.00	0.00	3.81	(3.35)	16.14
EVH	2.52	(0.20)	0.00	1.72	0.00	0.00	4.55	(5.59)	19.42
SLP	2.03	0.14	0.05	0.09	2.76	(2.18)	4.43	(3.86)	20.23
PRVA	1.54	0.24	0.12	0.21	1.85	(1.59)	3.86	(3.37)	9.28

Progyny Corporate Management

Julie Stadlbauer	Ex Partnerships	Profile
Katie Higgins	Chief Officer	Profile
Risa Fisher	Chief Officer	Profile
Cassandra Pratt	Senior People	Profile
Peter Anevski	CEO Director	Profile
Steven Leist	Chief Officer	Profile
Michael Sturmer	President	Profile

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