Encompass Health Correlations

EHC Stock

USD 124.55 1.55 1.26%

The current 90-days correlation between Encompass Health Corp and Solventum Corp is 0.15 (i.e., Average 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

Modest diversification

The correlation between Encompass Health Corp and DJI is 0.23 (i.e., Modest 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.

Build AI portfolio with Encompass Stock

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 census.

Moving together with Encompass Stock

0.89	CVS	CVS Health Corp	Pair Corr
0.7	ELV	Elevance Health Earnings Call This Week	Pair Corr
0.9	FNMFO	Federal National Mortgage	Pair Corr
0.79	AVAL	Grupo Aval	Pair Corr
0.78	BAC-PL	Bank of America	Pair Corr
0.87	WFC-PL	Wells Fargo	Pair Corr
0.71	SEDG	SolarEdge Technologies	Pair Corr
0.87	CHNXF	ChitogenX	Pair Corr
0.84	BDVB	Bagger Daves Burger	Pair Corr
0.74	QVCGA	QVC Group Symbol Change	Pair Corr
0.94	TIMB	TIM Participacoes	Pair Corr
0.86	ELME	Elme Communities	Pair Corr

Moving against Encompass Stock

0.84	HDB	HDFC Bank Limited	Pair Corr
0.63	JYNT	Joint Corp	Pair Corr
0.61	GRYP	GRYP Old Symbol Change	Pair Corr
0.44	JADA	Jadeart Group	Pair Corr
0.34	36966TGR7	GENERAL ELEC CAP	Pair Corr

Related Correlations Analysis

	SOLV	UHS	ENSG	DVA	FMS	RDY	DOCS	CHE	BAX	ICLR
SOLV		-0.2	-0.28	0.37	0.08	0.39	0.03	0.4	0.49	0.1	SOLV
UHS	-0.2		0.84	-0.72	0.37	0.0	0.82	-0.06	-0.61	0.4	UHS
ENSG	-0.28	0.84		-0.72	0.01	-0.15	0.67	-0.06	-0.7	0.51	ENSG
DVA	0.37	-0.72	-0.72		-0.01	0.24	-0.55	0.37	0.77	-0.18	DVA
FMS	0.08	0.37	0.01	-0.01		0.29	0.13	-0.03	0.22	0.39	FMS
RDY	0.39	0.0	-0.15	0.24	0.29		0.27	0.58	0.42	0.14	RDY
DOCS	0.03	0.82	0.67	-0.55	0.13	0.27		0.29	-0.44	0.23	DOCS
CHE	0.4	-0.06	-0.06	0.37	-0.03	0.58	0.29		0.47	0.01	CHE
BAX	0.49	-0.61	-0.7	0.77	0.22	0.42	-0.44	0.47		-0.06	BAX
ICLR	0.1	0.4	0.51	-0.18	0.39	0.14	0.23	0.01	-0.06		ICLR
	SOLV	UHS	ENSG	DVA	FMS	RDY	DOCS	CHE	BAX	ICLR

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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	+ 0.84	UHS
DOCS	+ 0.82	UHS
BAX	+ 0.77	DVA
DOCS	+ 0.67	ENSG
CHE	+ 0.58	RDY
ICLR	+ 0.51	ENSG

High negative correlations

DVA	- 0.72	ENSG
DVA	- 0.72	UHS
BAX	- 0.7	ENSG
BAX	- 0.61	UHS
DOCS	- 0.55	DVA
BAX	- 0.44	DOCS

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
SOLV	1.13	(0.10)	0.00	(0.03)	0.00	0.00	2.15	(2.22)	5.80
UHS	1.25	0.23	0.13	0.30	1.42	(1.28)	2.93	(2.29)	7.80
ENSG	1.01	0.37	0.35	0.51	0.66	(1.24)	2.12	(1.52)	11.54
DVA	1.40	(0.25)	0.00	(0.15)	0.00	0.00	2.35	(2.91)	13.79
FMS	1.19	(0.03)	(0.02)	0.01	1.75	(1.12)	2.21	(2.44)	7.86
RDY	0.94	(0.03)	0.00	(0.08)	0.00	0.00	2.03	(1.97)	5.80
DOCS	1.70	0.23	0.06	(0.36)	2.49	(1.79)	3.01	(3.43)	23.31
CHE	1.21	(0.10)	0.00	(0.05)	0.00	0.00	2.24	(2.19)	13.28
BAX	1.91	(0.31)	0.00	(0.12)	0.00	0.00	3.21	(2.83)	26.21
ICLR	2.42	0.35	0.13	0.35	2.33	(2.74)	7.07	(4.10)	22.94

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