Sonida Senior Correlations

SNDA Stock

USD 25.14 0.35 1.41%

The current 90-days correlation between Sonida Senior Living and China Automotive Systems is 0.22 (i.e., Modest diversification). The correlation of Sonida Senior 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.

Sonida Senior Correlation With Market

Poor diversification

The correlation between Sonida Senior Living and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sonida Senior Living and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sonida Senior Living. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Sonida Stock

0.67	DH	Definitive Healthcare	Pair Corr
0.7	EW	Edwards Lifesciences Corp Sell-off Trend	Pair Corr
0.66	LH	Laboratory Earnings Call Tomorrow	Pair Corr
0.64	MD	Mednax Inc	Pair Corr
0.74	OM	Outset Medical	Pair Corr
0.86	DXCM	DexCom Inc Earnings Call Today	Pair Corr
0.61	ENSG	Ensign Group Earnings Call Today	Pair Corr

Moving against Sonida Stock

0.61	CI	Cigna Corp Earnings Call This Week	Pair Corr
0.52	DRIO	DarioHealth Corp	Pair Corr
0.31	ECOR	Electrocore LLC	Pair Corr
0.68	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.62	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.5	ICCM	Icecure Medical	Pair Corr
0.48	ELMD	Electromed	Pair Corr
0.38	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.35	CVS	CVS Health Corp	Pair Corr
0.68	NXGLW	NexGel Warrant	Pair Corr
0.67	MXCT	MaxCyte	Pair Corr
0.66	NAOV	NanoVibronix	Pair Corr
0.58	MGRX	Mangoceuticals, Common	Pair Corr
0.46	NXLIW	Nexalin Technology	Pair Corr
0.45	MNDR	Mobile health Network	Pair Corr

Related Correlations Analysis

	BKD	CAAS	CYD	ENSG	MD	NCTY	NINE	SEM	SGRY	UTSI
BKD		0.62	0.82	0.34	0.01	-0.34	0.3	-0.44	0.11	0.27	BKD
CAAS	0.62		0.67	0.75	0.38	-0.53	-0.1	-0.55	0.22	0.0	CAAS
CYD	0.82	0.67		0.58	0.0	-0.69	0.39	-0.49	-0.11	0.15	CYD
ENSG	0.34	0.75	0.58		0.58	-0.68	-0.15	-0.52	0.13	0.04	ENSG
MD	0.01	0.38	0.0	0.58		-0.04	-0.51	-0.37	0.57	0.31	MD
NCTY	-0.34	-0.53	-0.69	-0.68	-0.04		-0.24	0.36	0.3	0.22	NCTY
NINE	0.3	-0.1	0.39	-0.15	-0.51	-0.24		0.09	-0.69	-0.13	NINE
SEM	-0.44	-0.55	-0.49	-0.52	-0.37	0.36	0.09		-0.16	-0.23	SEM
SGRY	0.11	0.22	-0.11	0.13	0.57	0.3	-0.69	-0.16		0.45	SGRY
UTSI	0.27	0.0	0.15	0.04	0.31	0.22	-0.13	-0.23	0.45		UTSI
	BKD	CAAS	CYD	ENSG	MD	NCTY	NINE	SEM	SGRY	UTSI

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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

CYD	+ 0.82	BKD
ENSG	+ 0.75	CAAS
CYD	+ 0.67	CAAS
CAAS	+ 0.62	BKD
ENSG	+ 0.58	CYD
MD	+ 0.58	ENSG

High negative correlations

SGRY	- 0.69	NINE
NCTY	- 0.69	CYD
NCTY	- 0.68	ENSG
SEM	- 0.55	CAAS
NCTY	- 0.53	CAAS
SEM	- 0.52	ENSG

Risk-Adjusted Indicators

There is a big difference between Sonida Stock performing well and Sonida Senior 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 Sonida Senior'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
BKD	1.55	0.19	0.07	0.45	1.55	(1.71)	4.33	(2.15)	10.26
CAAS	1.68	0.16	0.03	0.58	1.73	(1.92)	3.42	(2.76)	8.64
CYD	2.55	0.64	0.22	0.75	2.18	(2.80)	7.61	(4.95)	15.92
ENSG	1.14	0.16	(0.04)	(0.24)	1.69	(1.12)	2.01	(2.07)	6.71
MD	1.64	(0.17)	0.00	(0.03)	0.00	0.00	2.93	(3.84)	19.73
NCTY	3.76	(0.25)	0.00	(0.02)	0.00	0.00	6.61	(8.15)	17.71
NINE	6.77	0.77	0.04	(0.57)	8.50	(8.05)	14.75	(11.24)	83.33
SEM	1.83	(0.26)	0.00	(0.18)	0.00	0.00	3.61	(2.64)	26.47
SGRY	1.80	(0.18)	(0.03)	0.06	2.65	(1.96)	3.82	(2.72)	17.22
UTSI	2.34	0.00	0.00	0.17	3.15	(3.38)	7.27	(7.56)	19.10

Sonida Senior Corporate Management

Tabitha Obenour	VP Officer	Profile
Elliot Zibel	Independent Director	Profile
Maribeth Neelis	Vice Marketing	Profile
David Brickman	Senior Vice President General Counsel, Secretary	Profile
Brandon CPA	CEO and President	Profile
Tabitha Bailey	Senior Officer	Profile
Noah Beren	Independent Chairman of the Board	Profile

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