Astrana Health Correlations

ASTH Stock

22.96 0.08 0.35%

The current 90-days correlation between Astrana Health and Mativ Holdings is -0.27 (i.e., Very good diversification). The correlation of Astrana 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.

Astrana Health Correlation With Market

Weak diversification

The correlation between Astrana Health and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrana Health and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Astrana Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astrana Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Astrana Stock please use our How to Invest in Astrana Health guide.

Moving together with Astrana Stock

0.62	CI	Cigna Corp Earnings Call This Week	Pair Corr
0.81	EDAP	EDAP TMS SA	Pair Corr
0.85	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.75	ELMD	Electromed	Pair Corr
0.8	EMBC	Embecta Corp	Pair Corr
0.66	MNDR	Mobile health Network	Pair Corr

Moving against Astrana Stock

0.55	DH	Definitive Healthcare	Pair Corr
0.55	OM	Outset Medical	Pair Corr
0.52	ENSG	Ensign Group Earnings Call Today	Pair Corr
0.49	VEEV	Veeva Systems Class	Pair Corr
0.47	EUDAW	EUDA Health Holdings	Pair Corr
0.45	VNRX	Volitionrx	Pair Corr
0.4	FIGS	Figs Inc	Pair Corr
0.32	VVOS	Vivos Therapeutics	Pair Corr
0.75	MHUA	Meihua International	Pair Corr
0.67	MDAI	Spectral AI	Pair Corr
0.66	VANI	Vivani Medical	Pair Corr
0.56	NAKA	Kindly MD, Symbol Change	Pair Corr
0.47	STRM	Streamline Health	Pair Corr
0.43	NEUE	NeueHealth	Pair Corr
0.38	MODV	ModivCare	Pair Corr
0.38	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.34	NXLIW	Nexalin Technology	Pair Corr

Related Correlations Analysis

	MATV	ECL	CDXS	ARQ	FSI	RHP	MOS	BYD
MATV		0.85	0.27	0.93	0.9	0.87	0.84	0.94	MATV
ECL	0.85		0.0	0.87	0.71	0.87	0.93	0.85	ECL
CDXS	0.27	0.0		0.28	0.52	0.21	-0.05	0.32	CDXS
ARQ	0.93	0.87	0.28		0.86	0.8	0.81	0.89	ARQ
FSI	0.9	0.71	0.52	0.86		0.8	0.72	0.91	FSI
RHP	0.87	0.87	0.21	0.8	0.8		0.87	0.91	RHP
MOS	0.84	0.93	-0.05	0.81	0.72	0.87		0.86	MOS
BYD	0.94	0.85	0.32	0.89	0.91	0.91	0.86		BYD
	MATV	ECL	CDXS	ARQ	FSI	RHP	MOS	BYD

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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

BYD	+ 0.94	MATV
ARQ	+ 0.93	MATV
MOS	+ 0.93	ECL
BYD	+ 0.91	FSI
BYD	+ 0.91	RHP
FSI	+ 0.9	MATV

High negative correlations

MOS	- 0.05	CDXS
CDXS	- 0.0	ECL

Risk-Adjusted Indicators

There is a big difference between Astrana Stock performing well and Astrana 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 Astrana 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
MATV	2.71	0.75	0.21	(13.45)	2.23	(3.51)	7.56	(4.42)	16.14
ECL	0.82	0.07	0.04	0.26	0.83	(0.94)	1.83	(1.27)	5.79
CDXS	3.44	0.27	0.09	0.32	3.60	(4.00)	8.16	(6.86)	25.55
ARQ	3.05	0.67	0.14	2.42	3.59	(3.34)	7.53	(5.34)	24.20
FSI	2.43	0.68	0.18	4.75	2.28	(2.75)	9.09	(3.33)	20.69
RHP	1.23	0.09	0.09	0.25	1.04	(1.52)	2.90	(2.08)	9.52
MOS	1.23	0.43	0.18	6.30	1.04	(1.42)	3.38	(1.62)	8.30
BYD	1.19	0.39	0.12	(2.12)	1.35	(1.34)	3.38	(1.46)	10.97

Astrana Health Corporate Management

WaiChow MD	Chief Officer	Profile
Rita Pew	Vice Operations	Profile
Carlos MD	Chief Texas	Profile
Glenn Sobotka	Chief Officer	Profile

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