Streamline Health Correlations

STRM Stock

USD 5.25 0.03 0.57%

The current 90-days correlation between Streamline Health and Forian Inc is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Streamline Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Streamline Health Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Streamline Health Correlation With Market

Average diversification

The correlation between Streamline Health Solutions and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Streamline Health Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Streamline Stock

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

Moving together with Streamline Stock

0.8	DH	Definitive Healthcare	Pair Corr
0.73	GH	Guardant Health	Pair Corr
0.77	LH	Laboratory	Pair Corr
0.71	OM	Outset Medical	Pair Corr
0.96	VEEV	Veeva Systems Class	Pair Corr
0.72	VNRX	Volitionrx	Pair Corr
0.72	ENSG	Ensign Group	Pair Corr
0.78	FIGS	Figs Inc	Pair Corr
0.61	ABT	Abbott Laboratories Earnings Call This Week	Pair Corr
0.76	CAH	Cardinal Health	Pair Corr

Moving against Streamline Stock

0.74	EKSO	Ekso Bionics Holdings	Pair Corr
0.34	CI	Cigna Corp	Pair Corr
0.83	FEMY	Femasys	Pair Corr
0.82	FOXO	FOXO Technologies	Pair Corr
0.8	EMBC	Embecta Corp	Pair Corr
0.79	COO	Cooper Companies,	Pair Corr
0.71	ELV	Elevance Health Earnings Call This Week	Pair Corr
0.64	CNC	Centene Corp	Pair Corr
0.59	ELAB	Elevai Labs, Common	Pair Corr
0.57	ELMD	Electromed	Pair Corr
0.48	BDX	Becton Dickinson	Pair Corr
0.42	ALC	Alcon AG	Pair Corr
0.38	XAIR	Beyond Air	Pair Corr

Related Correlations Analysis

	FORA	HSTM	NRC	TBRG	SSKN	SGRP	SYPR	SSY	MKTW
FORA		-0.28	0.38	-0.2	-0.21	-0.16	0.25	0.16	0.44	FORA
HSTM	-0.28		-0.79	0.62	0.51	0.49	-0.54	-0.07	-0.75	HSTM
NRC	0.38	-0.79		-0.68	-0.72	-0.63	0.82	0.34	0.86	NRC
TBRG	-0.2	0.62	-0.68		0.61	0.51	-0.75	-0.23	-0.7	TBRG
SSKN	-0.21	0.51	-0.72	0.61		0.41	-0.71	-0.48	-0.63	SSKN
SGRP	-0.16	0.49	-0.63	0.51	0.41		-0.71	-0.3	-0.62	SGRP
SYPR	0.25	-0.54	0.82	-0.75	-0.71	-0.71		0.41	0.78	SYPR
SSY	0.16	-0.07	0.34	-0.23	-0.48	-0.3	0.41		0.18	SSY
MKTW	0.44	-0.75	0.86	-0.7	-0.63	-0.62	0.78	0.18		MKTW
	FORA	HSTM	NRC	TBRG	SSKN	SGRP	SYPR	SSY	MKTW

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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

MKTW	+ 0.86	NRC
SYPR	+ 0.82	NRC
MKTW	+ 0.78	SYPR
TBRG	+ 0.62	HSTM
SSKN	+ 0.61	TBRG
SSKN	+ 0.51	HSTM

High negative correlations

NRC	- 0.79	HSTM
SYPR	- 0.75	TBRG
MKTW	- 0.75	HSTM
SSKN	- 0.72	NRC
SYPR	- 0.71	SGRP
SYPR	- 0.71	SSKN

Risk-Adjusted Indicators

There is a big difference between Streamline Stock performing well and Streamline 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 Streamline 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
FORA	3.13	0.02	(0.01)	0.27	3.63	(3.65)	6.12	(6.48)	28.73
HSTM	1.45	(0.35)	0.00	(0.25)	0.00	0.00	2.48	(2.24)	22.19
NRC	2.48	0.19	0.08	0.39	2.66	(2.71)	5.57	(3.92)	15.50
TBRG	1.57	(0.44)	0.00	(0.15)	0.00	0.00	2.67	(3.92)	12.93
SSKN	2.72	(0.12)	0.00	(2.27)	0.00	0.00	5.93	(6.42)	21.66
SGRP	1.91	(0.37)	0.00	(0.78)	0.00	0.00	2.94	(4.08)	14.49
SYPR	3.29	0.49	0.07	37.09	3.05	(4.68)	11.25	(6.22)	29.22
SSY	3.22	0.31	0.03	2.24	2.98	(4.61)	10.59	(5.32)	19.50
MKTW	3.35	0.70	0.20	0.78	3.17	(3.78)	6.63	(5.75)	41.32

Streamline Health Corporate Management

Ben Stilwill	President	Profile
Donald Vick	Director Analytics	Profile
Bryant Reeves	Interim Staff	Profile
Lance Seach	Senior Development	Profile
Jawad Shaikh	Chief Officer	Profile
Benjamin Stilwill	Chief Officer	Profile

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