Regional Health Correlations

RHE Stock

USD 1.74 0.04 2.35%

The current 90-days correlation between Regional Health Prop and Jack Nathan Medical is -0.03 (i.e., Good diversification). The correlation of Regional 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.

Regional Health Correlation With Market

Good diversification

The correlation between Regional Health Properties and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regional Health Properties 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 Regional Health Properties. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Regional Stock

0.68	ALC	Alcon AG	Pair Corr
0.62	AMN	AMN Healthcare Services	Pair Corr
0.65	BAX	Baxter International	Pair Corr

Moving against Regional Stock

0.65	LH	Laboratory	Pair Corr
0.62	GH	Guardant Health	Pair Corr
0.62	VREX	Varex Imaging Corp	Pair Corr
0.59	OM	Outset Medical	Pair Corr
0.52	MD	Mednax Inc	Pair Corr
0.51	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.49	DOCS	Doximity	Pair Corr
0.47	ECOR	Electrocore LLC	Pair Corr
0.43	VVOS	Vivos Therapeutics	Pair Corr
0.31	VEEV	Veeva Systems Class Earnings Call This Week	Pair Corr
0.61	XAIR	Beyond Air	Pair Corr
0.59	ELMD	Electromed	Pair Corr
0.56	ENOV	Enovis Corp	Pair Corr
0.31	EUDA	EUDA Health Holdings	Pair Corr
0.67	FOXO	FOXO Technologies	Pair Corr
0.65	FNA	Paragon 28	Pair Corr

Related Correlations Analysis

	RMYHY	JNHMF	NVLPF	MCIOF	FSNUY	BACK	TOI	AVAH	PIII	NVOS
RMYHY		0.43	0.23	0.0	0.11	-0.06	0.54	-0.5	0.13	0.2	RMYHY
JNHMF	0.43		0.48	0.0	-0.35	-0.59	-0.11	-0.31	-0.5	-0.49	JNHMF
NVLPF	0.23	0.48		0.0	-0.18	-0.16	0.05	-0.24	-0.05	-0.27	NVLPF
MCIOF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MCIOF
FSNUY	0.11	-0.35	-0.18	0.0		0.37	0.68	-0.43	0.74	0.64	FSNUY
BACK	-0.06	-0.59	-0.16	0.0	0.37		0.49	0.15	0.77	0.73	BACK
TOI	0.54	-0.11	0.05	0.0	0.68	0.49		-0.48	0.76	0.76	TOI
AVAH	-0.5	-0.31	-0.24	0.0	-0.43	0.15	-0.48		-0.17	-0.26	AVAH
PIII	0.13	-0.5	-0.05	0.0	0.74	0.77	0.76	-0.17		0.77	PIII
NVOS	0.2	-0.49	-0.27	0.0	0.64	0.73	0.76	-0.26	0.77		NVOS
	RMYHY	JNHMF	NVLPF	MCIOF	FSNUY	BACK	TOI	AVAH	PIII	NVOS

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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

PIII	+ 0.77	BACK
NVOS	+ 0.77	PIII
PIII	+ 0.76	TOI
NVOS	+ 0.76	TOI
PIII	+ 0.74	FSNUY
NVOS	+ 0.73	BACK

High negative correlations

BACK	- 0.59	JNHMF
PIII	- 0.5	JNHMF
AVAH	- 0.5	RMYHY
NVOS	- 0.49	JNHMF
AVAH	- 0.48	TOI
AVAH	- 0.43	FSNUY

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional 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 Regional 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
RMYHY	1.12	(0.12)	0.00	(0.25)	0.00	0.00	4.22	(4.57)	20.29
JNHMF	4.61	0.94	0.00	0.46	0.00	0.00	0.00	0.00	131.85
NVLPF	4.33	0.46	0.02	(0.49)	6.02	(9.89)	11.76	(14.29)	47.34
MCIOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FSNUY	0.99	(0.15)	0.00	(0.12)	0.00	0.00	1.88	(1.95)	5.02
BACK	3.60	(0.57)	0.00	3.17	0.00	0.00	7.32	(7.91)	23.76
TOI	4.88	(1.17)	0.00	(0.44)	0.00	0.00	10.00	(10.34)	39.32
AVAH	2.78	(0.09)	0.01	0.09	3.34	(2.96)	5.69	(5.31)	20.22
PIII	5.28	(0.87)	0.00	(0.31)	0.00	0.00	10.00	(9.30)	65.63
NVOS	7.53	(1.72)	0.00	0.58	0.00	0.00	11.54	(17.57)	90.12

Regional Health Corporate Management

Heather CPA	Chief Officer	Profile
Paul OSullivan	Senior Officer	Profile
Tonya McMorris	Company Sec	Profile
David Tenwick	Founder Director	Profile

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