Regional Health Correlations

RHEPB Stock

5.00 1.10 28.21%

The current 90-days correlation between Regional Health Prop and Legacy Education is 0.33 (i.e., Weak 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

Significant diversification

The correlation between Regional Health Properties and DJI is 0.04 (i.e., Significant 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.

The ability to find closely correlated positions to Regional Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Regional Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Regional Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Regional Health Properties to buy it.

Moving together with Regional OTC Stock

0.76	LGCY	Legacy Education	Pair Corr
0.78	AAPL	Apple Inc Aggressive Push	Pair Corr
0.62	AMZN	Amazon Inc	Pair Corr
0.81	DYAI	Dyadic International	Pair Corr
0.77	YLWDF	Yellow Pages Limited	Pair Corr
0.8	CISO	Cerberus Cyber Sentinel Tech Boost	Pair Corr
0.7	BKV	BKV Corporation	Pair Corr
0.74	ZENV	Zenvia Inc Tech Boost	Pair Corr
0.64	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.66	M	Macys Inc	Pair Corr
0.89	WSM	Williams Sonoma	Pair Corr
0.72	GLABF	Gemina Laboratories	Pair Corr
0.66	SAPMF	Saipem SpA	Pair Corr
0.8	NTRA	Natera Inc	Pair Corr
0.63	GIFI	Gulf Island Fabrication	Pair Corr

Moving against Regional OTC Stock

0.62

CMGR

Clubhouse Media Group

Pair Corr

Related Correlations Analysis

	LGCY	AAPL	NVDA	MSFT	AMZN	GOOG	BMYMP	META
LGCY		0.69	0.1	0.63	0.75	0.53	0.54	0.46	LGCY
AAPL	0.69		0.07	0.82	0.77	0.71	0.44	0.72	AAPL
NVDA	0.1	0.07		-0.03	0.32	0.26	0.62	0.09	NVDA
MSFT	0.63	0.82	-0.03		0.76	0.65	0.21	0.76	MSFT
AMZN	0.75	0.77	0.32	0.76		0.88	0.67	0.67	AMZN
GOOG	0.53	0.71	0.26	0.65	0.88		0.58	0.63	GOOG
BMYMP	0.54	0.44	0.62	0.21	0.67	0.58		0.22	BMYMP
META	0.46	0.72	0.09	0.76	0.67	0.63	0.22		META
	LGCY	AAPL	NVDA	MSFT	AMZN	GOOG	BMYMP	META

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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

GOOG	+ 0.88	AMZN
MSFT	+ 0.82	AAPL
AMZN	+ 0.77	AAPL
AMZN	+ 0.76	MSFT
META	+ 0.76	MSFT
AMZN	+ 0.75	LGCY

High negative correlations

MSFT

- 0.03

NVDA

Risk-Adjusted Indicators

There is a big difference between Regional OTC Stock performing well and Regional Health OTC Stock 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
LGCY	3.58	1.25	0.28	1.61	3.20	(4.16)	10.85	(6.33)	23.25
AAPL	0.83	0.18	0.13	0.51	0.98	(0.86)	1.84	(2.14)	5.20
NVDA	1.88	0.27	0.11	0.38	2.16	(1.98)	4.05	(3.66)	9.07
MSFT	0.86	0.00	(0.01)	0.03	1.61	(0.78)	1.78	(2.23)	8.14
AMZN	1.39	0.22	0.13	0.23	1.56	(1.48)	2.94	(3.06)	10.78
GOOG	1.28	0.28	0.15	0.51	1.47	(1.34)	3.54	(1.96)	8.99
BMYMP	1.61	0.52	0.08	(3.00)	1.57	(3.48)	7.23	(4.53)	22.13
META	1.21	0.10	0.05	0.23	1.41	(1.36)	2.62	(3.15)	7.43

Regional Health Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Regional Health otc stock to make a market-neutral strategy. Peer analysis of Regional Health could also be used in its relative valuation, which is a method of valuing Regional Health by comparing valuation metrics with similar companies.

Legacy Education Apple Inc NVIDIA Microsoft Amazon Inc Alphabet Inc Class C Bristol Myers Squibb Meta Platforms American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

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