Encompass Health Correlations

EHC Stock

USD 110.00 0.01 0.01%

The current 90-days correlation between Encompass Health Corp and The Ensign Group is -0.04 (i.e., Good diversification). The correlation of Encompass 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.

Encompass Health Correlation With Market

Significant diversification

The correlation between Encompass Health Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Encompass Health Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encompass Health Corp. 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 Encompass Stock

0.65	EW	Edwards Lifesciences Corp Earnings Call Today	Pair Corr
0.73	LH	Laboratory Earnings Call This Week	Pair Corr
0.67	MD	Mednax Inc	Pair Corr
0.62	OM	Outset Medical	Pair Corr
0.66	DXCM	DexCom Inc Earnings Call Tomorrow	Pair Corr
0.67	EHAB	Enhabit	Pair Corr
0.75	ENSG	Ensign Group Earnings Call Tomorrow	Pair Corr

Moving against Encompass Stock

0.57	ECOR	Electrocore LLC	Pair Corr
0.54	VSEE	VSee Health,	Pair Corr
0.48	ELAB	Elevai Labs, Common	Pair Corr
0.47	VERO	Venus Concept	Pair Corr
0.41	ICCM	Icecure Medical	Pair Corr
0.33	DRIO	DarioHealth Corp	Pair Corr
0.31	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.7	EQ	Equillium	Pair Corr
0.64	DNTH	Dianthus Therapeutics	Pair Corr
0.6	NAOV	NanoVibronix	Pair Corr
0.58	VALN	Valneva SE ADR	Pair Corr
0.56	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.44	MGRM	Monogram Orthopaedics	Pair Corr
0.43	NXGLW	NexGel Warrant	Pair Corr
0.39	MXCT	MaxCyte	Pair Corr
0.32	NDRA	ENDRA Life Sciences	Pair Corr

Related Correlations Analysis

	PNTG	ENSG	INNV	MODV	ACHC	SEM	ADUS	EHAB	CCM	NHC
PNTG		0.58	0.21	-0.06	0.23	-0.13	0.56	0.88	0.56	0.6	PNTG
ENSG	0.58		0.71	0.57	0.04	-0.41	0.88	0.57	0.09	0.88	ENSG
INNV	0.21	0.71		0.34	0.33	-0.54	0.66	0.26	0.08	0.77	INNV
MODV	-0.06	0.57	0.34		-0.26	-0.22	0.49	-0.15	-0.52	0.41	MODV
ACHC	0.23	0.04	0.33	-0.26		-0.13	0.08	0.17	0.56	0.2	ACHC
SEM	-0.13	-0.41	-0.54	-0.22	-0.13		-0.54	-0.07	0.07	-0.36	SEM
ADUS	0.56	0.88	0.66	0.49	0.08	-0.54		0.57	0.16	0.77	ADUS
EHAB	0.88	0.57	0.26	-0.15	0.17	-0.07	0.57		0.65	0.59	EHAB
CCM	0.56	0.09	0.08	-0.52	0.56	0.07	0.16	0.65		0.12	CCM
NHC	0.6	0.88	0.77	0.41	0.2	-0.36	0.77	0.59	0.12		NHC
	PNTG	ENSG	INNV	MODV	ACHC	SEM	ADUS	EHAB	CCM	NHC

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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

EHAB	+ 0.88	PNTG
ADUS	+ 0.88	ENSG
NHC	+ 0.88	ENSG
NHC	+ 0.77	INNV
NHC	+ 0.77	ADUS
INNV	+ 0.71	ENSG

High negative correlations

ADUS	- 0.54	SEM
SEM	- 0.54	INNV
CCM	- 0.52	MODV
SEM	- 0.41	ENSG
NHC	- 0.36	SEM
ACHC	- 0.26	MODV

Risk-Adjusted Indicators

There is a big difference between Encompass Stock performing well and Encompass 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 Encompass 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
PNTG	1.56	(0.08)	0.00	0.39	0.00	0.00	3.08	(2.86)	14.48
ENSG	1.14	(0.04)	(0.02)	0.10	1.69	(1.12)	2.01	(2.07)	6.71
INNV	3.23	0.62	0.12	(2.24)	3.29	(3.85)	7.47	(5.87)	21.48
MODV	10.74	2.50	0.29	1.64	7.30	(14.61)	32.00	(13.33)	110.37
ACHC	2.29	0.08	(0.01)	0.46	2.75	(2.38)	4.62	(4.09)	15.10
SEM	1.77	(0.07)	0.00	0.86	0.00	0.00	3.61	(2.45)	26.47
ADUS	1.26	0.20	0.01	(0.38)	1.46	(1.32)	3.03	(2.10)	8.57
EHAB	2.06	(0.30)	0.00	(0.16)	0.00	0.00	2.55	(4.38)	36.43
CCM	4.53	0.57	0.06	12.02	5.54	(5.00)	10.00	(10.74)	50.36
NHC	1.22	0.09	(0.03)	2.53	1.57	(1.39)	2.61	(2.22)	11.82

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