Ensign Correlations

ENSG Stock

USD 136.80 2.05 1.48%

The current 90-days correlation between Ensign Group and Edwards Lifesciences Corp is 0.44 (i.e., Very weak diversification). The correlation of Ensign 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.

Ensign Correlation With Market

Poor diversification

The correlation between The Ensign Group and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Ensign Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ensign Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in The Ensign Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Ensign Stock

0.78	DH	Definitive Healthcare	Pair Corr
0.62	EW	Edwards Lifesciences Corp Earnings Call This Week	Pair Corr
0.89	LH	Laboratory Earnings Call This Week	Pair Corr
0.62	MD	Mednax Inc	Pair Corr
0.93	OM	Outset Medical	Pair Corr
0.8	VEEV	Veeva Systems Class	Pair Corr
0.82	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.63	FIGS	Figs Inc	Pair Corr
0.71	MHUA	Meihua International	Pair Corr

Moving against Ensign Stock

0.77	EKSO	Ekso Bionics Holdings	Pair Corr
0.77	ICCM	Icecure Medical	Pair Corr
0.61	ELAB	Elevai Labs, Common	Pair Corr
0.61	EMBC	Embecta Corp	Pair Corr
0.59	ECOR	Electrocore LLC	Pair Corr
0.57	DRIO	DarioHealth Corp	Pair Corr
0.56	ELMD	Electromed	Pair Corr
0.54	CI	Cigna Corp	Pair Corr
0.41	VSEE	VSee Health,	Pair Corr
0.37	VERO	Venus Concept	Pair Corr
0.86	NAOV	NanoVibronix	Pair Corr
0.85	EQ	Equillium	Pair Corr
0.83	MXCT	MaxCyte	Pair Corr
0.81	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.78	VALN	Valneva SE ADR	Pair Corr
0.78	DNTH	Dianthus Therapeutics	Pair Corr
0.72	NXGLW	NexGel Warrant	Pair Corr
0.6	NXLIW	Nexalin Technology	Pair Corr
0.56	MSPRZ	MSP Recovery Symbol Change	Pair Corr

Related Correlations Analysis

	CI	DH	EW	OM	DOCS	VEEV	VERO
CI		-0.64	-0.4	-0.66	-0.2	-0.54	0.11	CI
DH	-0.64		0.59	0.86	0.61	0.88	-0.22	DH
EW	-0.4	0.59		0.66	0.34	0.6	-0.48	EW
OM	-0.66	0.86	0.66		0.28	0.8	-0.29	OM
DOCS	-0.2	0.61	0.34	0.28		0.49	-0.06	DOCS
VEEV	-0.54	0.88	0.6	0.8	0.49		-0.18	VEEV
VERO	0.11	-0.22	-0.48	-0.29	-0.06	-0.18		VERO
	CI	DH	EW	OM	DOCS	VEEV	VERO

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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

VEEV	+ 0.88	DH
OM	+ 0.86	DH
VEEV	+ 0.8	OM
OM	+ 0.66	EW
DOCS	+ 0.61	DH
VEEV	+ 0.6	EW

High negative correlations

OM	- 0.66	CI
DH	- 0.64	CI
VEEV	- 0.54	CI
VERO	- 0.48	EW
EW	- 0.4	CI
VERO	- 0.29	OM

Risk-Adjusted Indicators

There is a big difference between Ensign Stock performing well and Ensign 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 Ensign'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
CI	1.04	(0.19)	0.00	(0.48)	0.00	0.00	1.82	(2.47)	9.10
DH	2.54	0.57	0.18	0.71	2.12	(3.02)	5.06	(4.48)	37.54
EW	0.94	0.05	0.00	0.20	1.00	(1.08)	2.02	(1.88)	8.85
OM	4.24	0.52	0.17	0.33	3.80	(5.17)	8.98	(7.43)	44.96
DOCS	1.89	0.11	0.03	0.25	2.85	(1.74)	3.90	(4.25)	13.89
VEEV	1.46	0.25	0.19	0.39	1.02	(1.81)	2.60	(2.13)	21.21
VERO	4.13	(0.63)	0.00	(0.24)	0.00	0.00	9.33	(11.95)	45.94

Ensign Corporate Executives

Elected by the shareholders, the Ensign's board of directors comprises two types of representatives: Ensign inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ensign. The board's role is to monitor Ensign's management team and ensure that shareholders' interests are well served. Ensign's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ensign's outside directors are responsible for providing unbiased perspectives on the board's policies.

Suzanne Snapper	Executive CFO	Profile
Suzanne CPA	Executive CFO	Profile
Barry Port	COO of Ensign Services, Inc	Profile

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