Acadia Healthcare Correlations

ACHC Stock

USD 21.85 0.07 0.32%

The current 90-days correlation between Acadia Healthcare and Encompass Health Corp is 0.27 (i.e., Modest diversification). The correlation of Acadia Healthcare 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.

Acadia Healthcare Correlation With Market

Very weak diversification

The correlation between Acadia Healthcare and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Healthcare and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadia Healthcare. 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.

For information on how to trade Acadia Stock refer to our How to Trade Acadia Stock guide.

Moving against Acadia Stock

0.44	EUDAW	EUDA Health Holdings	Pair Corr
0.39	VNRX	Volitionrx	Pair Corr
0.37	GH	Guardant Health	Pair Corr
0.46	MGRX	Mangoceuticals, Common	Pair Corr
0.42	STRM	Streamline Health	Pair Corr
0.36	MODV	ModivCare	Pair Corr

Related Correlations Analysis

	EHC	PNTG	SEM	ADUS	THC	HCA	USPH	DVA	ENSG	AMED
EHC		0.66	-0.32	0.84	0.79	0.81	0.78	-0.04	0.82	0.48	EHC
PNTG	0.66		-0.24	0.6	0.36	0.57	0.53	-0.08	0.64	-0.02	PNTG
SEM	-0.32	-0.24		-0.58	-0.62	-0.59	-0.43	0.06	-0.55	-0.39	SEM
ADUS	0.84	0.6	-0.58		0.87	0.88	0.8	-0.08	0.93	0.58	ADUS
THC	0.79	0.36	-0.62	0.87		0.93	0.81	0.0	0.88	0.65	THC
HCA	0.81	0.57	-0.59	0.88	0.93		0.84	0.01	0.93	0.45	HCA
USPH	0.78	0.53	-0.43	0.8	0.81	0.84		0.13	0.86	0.49	USPH
DVA	-0.04	-0.08	0.06	-0.08	0.0	0.01	0.13		-0.13	0.02	DVA
ENSG	0.82	0.64	-0.55	0.93	0.88	0.93	0.86	-0.13		0.53	ENSG
AMED	0.48	-0.02	-0.39	0.58	0.65	0.45	0.49	0.02	0.53		AMED
	EHC	PNTG	SEM	ADUS	THC	HCA	USPH	DVA	ENSG	AMED

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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

ENSG	+ 0.93	ADUS
HCA	+ 0.93	THC
ENSG	+ 0.93	HCA
HCA	+ 0.88	ADUS
ENSG	+ 0.88	THC
THC	+ 0.87	ADUS

High negative correlations

THC	- 0.62	SEM
HCA	- 0.59	SEM
ADUS	- 0.58	SEM
ENSG	- 0.55	SEM
USPH	- 0.43	SEM
AMED	- 0.39	SEM

Risk-Adjusted Indicators

There is a big difference between Acadia Stock performing well and Acadia Healthcare 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 Acadia Healthcare'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
EHC	1.12	0.00	(0.01)	0.14	2.67	(1.00)	1.77	(1.55)	22.14
PNTG	1.64	(0.30)	0.00	(0.12)	0.00	0.00	3.08	(3.51)	14.48
SEM	1.85	(0.25)	0.00	(0.24)	0.00	0.00	3.61	(2.64)	26.47
ADUS	1.34	(0.01)	(0.03)	0.12	1.73	(1.31)	3.03	(2.43)	8.57
THC	1.66	0.36	0.14	0.39	2.60	(1.80)	3.86	(3.20)	17.45
HCA	1.15	(0.01)	(0.02)	0.12	1.65	(1.15)	2.58	(2.95)	7.85
USPH	1.34	(0.07)	(0.02)	0.08	1.45	(1.54)	3.51	(2.67)	8.19
DVA	1.10	(0.23)	0.00	(0.10)	0.00	0.00	2.64	(3.05)	6.31
ENSG	1.15	(0.05)	(0.03)	0.08	1.67	(1.14)	2.01	(2.07)	6.71
AMED	0.41	0.07	(0.07)	0.69	0.46	(0.44)	0.96	(0.96)	4.82

Acadia Healthcare Corporate Management

Laura Groschen	Chief Officer	Profile
Heather CPA	Chief Officer	Profile
Laurence Harrod	Ex Fin	Profile
Mark Palmenter	Chief Officer	Profile

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