Sonida Senior Correlations

SNDA Stock

USD 23.74 0.26 1.11%

The current 90-days correlation between Sonida Senior Living and Pennant Group is 0.38 (i.e., Weak diversification). The correlation of Sonida Senior 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.

Sonida Senior Correlation With Market

Very weak diversification

The correlation between Sonida Senior Living and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonida Senior Living and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonida Senior Living. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Sonida Stock

0.81	HIMS	Hims Hers Health Buyout Trend	Pair Corr
0.61	LUCD	Lucid Diagnostics	Pair Corr
0.61	PAVM	PAVmed Inc Earnings Call Today	Pair Corr

Moving against Sonida Stock

0.55	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.47	HOLX	Hologic	Pair Corr
0.46	SSKN	STRATA Skin Sciences Earnings Call Tomorrow	Pair Corr
0.56	AVTE	Aerovate Therapeutics	Pair Corr
0.52	INBX	Inhibrx Symbol Change	Pair Corr
0.51	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.48	IMRX	Immuneering Corp	Pair Corr
0.47	ZURA	Zura Bio Limited	Pair Corr
0.45	SCLX	Scilex Holding	Pair Corr
0.43	IMMX	Immix Biopharma	Pair Corr
0.4	PYXS	Pyxis Oncology	Pair Corr
0.37	RAIN	Rain Enhancement Tec	Pair Corr
0.32	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.31	ATNF	180 Life Sciences	Pair Corr

Related Correlations Analysis

	SEM	EHC	PNTG	INNV	ACHC	SGRY	ENSG	HCSG	ADUS
SEM		0.06	0.79	0.5	0.81	-0.08	0.77	0.43	0.78	SEM
EHC	0.06		-0.19	-0.5	-0.19	0.81	0.01	-0.63	-0.47	EHC
PNTG	0.79	-0.19		0.63	0.8	-0.33	0.71	0.7	0.87	PNTG
INNV	0.5	-0.5	0.63		0.38	-0.61	0.55	0.81	0.72	INNV
ACHC	0.81	-0.19	0.8	0.38		-0.17	0.55	0.49	0.81	ACHC
SGRY	-0.08	0.81	-0.33	-0.61	-0.17		-0.2	-0.74	-0.54	SGRY
ENSG	0.77	0.01	0.71	0.55	0.55	-0.2		0.52	0.63	ENSG
HCSG	0.43	-0.63	0.7	0.81	0.49	-0.74	0.52		0.78	HCSG
ADUS	0.78	-0.47	0.87	0.72	0.81	-0.54	0.63	0.78		ADUS
	SEM	EHC	PNTG	INNV	ACHC	SGRY	ENSG	HCSG	ADUS

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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

ADUS	+ 0.87	PNTG
ACHC	+ 0.81	SEM
SGRY	+ 0.81	EHC
HCSG	+ 0.81	INNV
ADUS	+ 0.81	ACHC
ACHC	+ 0.8	PNTG

High negative correlations

HCSG	- 0.74	SGRY
HCSG	- 0.63	EHC
SGRY	- 0.61	INNV
ADUS	- 0.54	SGRY
INNV	- 0.5	EHC
ADUS	- 0.47	EHC

Risk-Adjusted Indicators

There is a big difference between Sonida Stock performing well and Sonida Senior 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 Sonida Senior'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
SEM	1.67	(0.14)	0.00	(0.18)	0.00	0.00	3.41	(3.79)	11.55
EHC	1.07	0.03	0.00	(0.02)	0.00	0.00	1.84	(2.36)	6.49
PNTG	1.99	(0.28)	0.00	(0.66)	0.00	0.00	3.57	(3.99)	15.62
INNV	2.59	(0.38)	0.00	(0.47)	0.00	0.00	5.44	(7.11)	27.64
ACHC	2.06	(0.46)	0.00	13.63	0.00	0.00	4.10	(3.00)	34.24
SGRY	1.85	0.36	0.20	0.41	1.66	(2.65)	4.58	(2.64)	23.37
ENSG	1.32	(0.10)	0.00	(0.21)	0.00	0.00	2.40	(2.56)	11.10
HCSG	1.36	(0.23)	0.00	(0.40)	0.00	0.00	2.51	(3.30)	9.76
ADUS	1.45	(0.45)	0.00	(0.89)	0.00	0.00	2.34	(3.22)	14.72

Sonida Senior Corporate Management

Tabitha Obenour	VP Officer	Profile
Elliot Zibel	Independent Director	Profile
Maribeth Neelis	Vice Marketing	Profile
David Brickman	Senior Vice President General Counsel, Secretary	Profile
Brandon CPA	CEO and President	Profile
Tabitha Bailey	Senior Officer	Profile
Noah Beren	Independent Chairman of the Board	Profile

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