Joint Corp Correlations

JYNT Stock

USD 7.87 0.02 0.25%

The current 90-days correlation between Joint Corp and DocGo Inc is 0.44 (i.e., Very weak diversification). The correlation of Joint Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Joint Corp Correlation With Market

Very weak diversification

The correlation between The Joint Corp and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Joint Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Joint Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Joint 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 state.

Moving together with Joint Stock

0.85	301239	Chengdu Bright Eye	Pair Corr
0.82	000963	Huadong Medicine	Pair Corr
0.69	ANCR	Animalcare Group Plc	Pair Corr
0.86	RAINBOW	Rainbow Childrens	Pair Corr
0.8	300015	Aier Eye Hospital	Pair Corr
0.61	KDA	KDA Group	Pair Corr
0.79	PHA	Premier Health	Pair Corr
0.79	DVA	DaVita HealthCare	Pair Corr

Moving against Joint Stock

0.92	FORTIS	Fortis Healthcare Earnings Call This Week	Pair Corr
0.88	NPTH	NeuPath Health	Pair Corr
0.87	BKD	Brookdale Senior Living Earnings Call Tomorrow	Pair Corr
0.83	ENSG	Ensign Group	Pair Corr
0.79	UNH	UnitedHealth Group CDR	Pair Corr
0.76	SHALBY	Shalby Limited	Pair Corr
0.72	FLGT	Fulgent Genetics Earnings Call This Week	Pair Corr
0.69	GH	Guardant Health Trending	Pair Corr
0.64	CAH	Cardinal Health	Pair Corr
0.63	IDHC	Integrated Diagnostics	Pair Corr
0.62	EHAB	Enhabit Earnings Call Tomorrow	Pair Corr
0.52	MD	Mednax Inc Trending	Pair Corr
0.35	AMN	AMN Healthcare Services Earnings Call This Week	Pair Corr
0.34	301293	Sanbo Hospital Management	Pair Corr
0.92	MCK	McKesson Earnings Call Tomorrow	Pair Corr
0.91	COR	Cencora Earnings Call Tomorrow	Pair Corr
0.9	FMS	Fresenius Medical Care Earnings Call Today	Pair Corr
0.9	UHS	Universal Health Services	Pair Corr
0.87	NEO	NeoGenomics Earnings Call This Week	Pair Corr
0.86	CVS	CVS Health Corp	Pair Corr
0.85	CNC	Centene Corp	Pair Corr
0.82	ELV	Elevance Health	Pair Corr
0.82	HCA	HCA Holdings	Pair Corr
0.79	THC	Tenet Healthcare	Pair Corr

Related Correlations Analysis

	DCGO	BTMD	CLYM	ANIK	APYX	CCLD	MBOT	AGEN	LUCD	HURA
DCGO		0.43	0.3	-0.52	-0.75	0.0	0.73	0.5	-0.31	0.61	DCGO
BTMD	0.43		0.14	-0.38	-0.63	0.0	0.37	0.68	-0.08	0.05	BTMD
CLYM	0.3	0.14		0.25	-0.21	0.63	0.54	-0.19	0.48	0.04	CLYM
ANIK	-0.52	-0.38	0.25		0.63	0.32	-0.34	-0.64	0.53	-0.22	ANIK
APYX	-0.75	-0.63	-0.21	0.63		0.05	-0.63	-0.57	0.43	-0.4	APYX
CCLD	0.0	0.0	0.63	0.32	0.05		0.48	-0.42	0.43	-0.3	CCLD
MBOT	0.73	0.37	0.54	-0.34	-0.63	0.48		0.19	-0.04	0.35	MBOT
AGEN	0.5	0.68	-0.19	-0.64	-0.57	-0.42	0.19		-0.41	0.24	AGEN
LUCD	-0.31	-0.08	0.48	0.53	0.43	0.43	-0.04	-0.41		-0.38	LUCD
HURA	0.61	0.05	0.04	-0.22	-0.4	-0.3	0.35	0.24	-0.38		HURA
	DCGO	BTMD	CLYM	ANIK	APYX	CCLD	MBOT	AGEN	LUCD	HURA

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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

MBOT	+ 0.73	DCGO
AGEN	+ 0.68	BTMD
CCLD	+ 0.63	CLYM
APYX	+ 0.63	ANIK
HURA	+ 0.61	DCGO
MBOT	+ 0.54	CLYM

High negative correlations

APYX	- 0.75	DCGO
AGEN	- 0.64	ANIK
MBOT	- 0.63	APYX
APYX	- 0.63	BTMD
AGEN	- 0.57	APYX
ANIK	- 0.52	DCGO

Risk-Adjusted Indicators

There is a big difference between Joint Stock performing well and Joint Corp 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 Joint Corp'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
DCGO	3.59	(0.73)	0.00	(0.07)	0.00	0.00	8.50	(5.78)	38.93
BTMD	2.67	(0.64)	0.00	(0.19)	0.00	0.00	4.78	(6.23)	30.52
CLYM	4.52	0.21	0.11	0.17	4.18	(5.45)	11.11	(8.59)	29.06
ANIK	1.98	(0.03)	0.04	0.10	2.15	(2.26)	5.23	(4.25)	13.51
APYX	3.99	0.81	0.20	0.51	3.88	(4.90)	11.22	(7.94)	29.45
CCLD	3.23	0.18	0.11	0.19	3.05	(4.30)	8.50	(5.23)	25.58
MBOT	4.50	(0.32)	0.00	(0.06)	0.00	0.00	8.61	(7.89)	38.51
AGEN	3.16	(0.35)	0.00	0.89	0.00	0.00	5.47	(6.59)	27.68
LUCD	2.95	0.72	0.06	(0.16)	4.44	(3.47)	5.93	(4.76)	30.98
HURA	3.83	(0.05)	0.03	0.10	4.50	(4.21)	9.28	(7.25)	45.22

Joint Corp Corporate Management

Eric Wyatt	Senior Experience	Profile
Craig Sherwood	Senior Development	Profile
Andra Terrell	Senior Legal	Profile
Beth Gross	Senior Resources	Profile
Jorge Armenteros	Senior Operations	Profile
Jason Greenwood	Chief Officer	Profile
Jake CPA	Chief Officer	Profile

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