ATI Physical Correlations

ATIP Stock

USD 1.53 0.14 8.38%

The current 90-days correlation between ATI Physical Therapy and Lifestance Health Group is 0.05 (i.e., Significant diversification). The correlation of ATI Physical 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.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATI Physical Therapy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with ATI Stock

0.68	VERO	Venus Concept	Pair Corr
0.88	EKSO	Ekso Bionics Holdings	Pair Corr
0.68	FLGT	Fulgent Genetics	Pair Corr
0.82	AGL	agilon health	Pair Corr
0.89	ALC	Alcon AG	Pair Corr
0.85	AMN	AMN Healthcare Services	Pair Corr
0.82	BAX	Baxter International	Pair Corr
0.82	BDX	Becton Dickinson Sell-off Trend	Pair Corr

Moving against ATI Stock

0.88	OM	Outset Medical	Pair Corr
0.88	VREX	Varex Imaging Corp	Pair Corr
0.87	GH	Guardant Health	Pair Corr
0.85	ELMD	Electromed	Pair Corr
0.84	LH	Laboratory	Pair Corr
0.82	MD	Mednax Inc	Pair Corr
0.8	DOCS	Doximity	Pair Corr
0.74	ENOV	Enovis Corp	Pair Corr
0.71	ECOR	Electrocore LLC	Pair Corr
0.69	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.52	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.51	VEEV	Veeva Systems Class Earnings Call This Week	Pair Corr
0.48	VVOS	Vivos Therapeutics	Pair Corr
0.46	WORX	Scworx Corp	Pair Corr
0.33	EMBC	Embecta Corp Trending	Pair Corr
0.91	CAH	Cardinal Health	Pair Corr
0.91	SYK	Stryker	Pair Corr
0.88	FOXO	FOXO Technologies	Pair Corr
0.77	XAIR	Beyond Air	Pair Corr
0.77	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.72	COR	Cencora	Pair Corr
0.7	WGS	GeneDx Holdings Corp	Pair Corr
0.44	VMD	Viemed Healthcare	Pair Corr

Related Correlations Analysis

	UHS	LFST	SEM	ACHC	SGRY	AIRS	PNTG	AIH	AMED	ENSG
UHS		-0.48	-0.44	0.87	0.79	-0.67	0.7	-0.05	0.76	0.28	UHS
LFST	-0.48		0.54	-0.65	-0.49	0.7	-0.3	0.05	-0.58	-0.34	LFST
SEM	-0.44	0.54		-0.44	-0.6	0.63	-0.41	0.18	-0.65	-0.26	SEM
ACHC	0.87	-0.65	-0.44		0.67	-0.84	0.57	-0.11	0.72	0.34	ACHC
SGRY	0.79	-0.49	-0.6	0.67		-0.46	0.78	-0.15	0.9	0.37	SGRY
AIRS	-0.67	0.7	0.63	-0.84	-0.46		-0.27	0.24	-0.59	-0.2	AIRS
PNTG	0.7	-0.3	-0.41	0.57	0.78	-0.27		-0.11	0.62	0.33	PNTG
AIH	-0.05	0.05	0.18	-0.11	-0.15	0.24	-0.11		-0.14	0.4	AIH
AMED	0.76	-0.58	-0.65	0.72	0.9	-0.59	0.62	-0.14		0.36	AMED
ENSG	0.28	-0.34	-0.26	0.34	0.37	-0.2	0.33	0.4	0.36		ENSG
	UHS	LFST	SEM	ACHC	SGRY	AIRS	PNTG	AIH	AMED	ENSG

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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

AMED	+ 0.9	SGRY
ACHC	+ 0.87	UHS
SGRY	+ 0.79	UHS
PNTG	+ 0.78	SGRY
AMED	+ 0.76	UHS
AMED	+ 0.72	ACHC

High negative correlations

AIRS	- 0.84	ACHC
AIRS	- 0.67	UHS
AMED	- 0.65	SEM
ACHC	- 0.65	LFST
SGRY	- 0.6	SEM
AMED	- 0.59	AIRS

Risk-Adjusted Indicators

There is a big difference between ATI Stock performing well and ATI Physical 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 ATI Physical'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
UHS	1.38	(0.26)	0.00	(0.49)	0.00	0.00	2.40	(4.07)	14.88
LFST	1.55	0.17	0.09	0.30	1.56	(1.71)	3.28	(3.30)	11.88
SEM	1.59	(0.03)	0.02	0.11	1.84	(1.67)	3.01	(2.51)	16.75
ACHC	2.25	(1.08)	0.00	(0.82)	0.00	0.00	3.36	(5.78)	21.88
SGRY	2.11	(0.56)	0.00	(0.36)	0.00	0.00	3.72	(4.88)	17.97
AIRS	4.70	0.46	0.14	0.25	5.06	(4.95)	12.81	(7.80)	30.40
PNTG	2.14	(0.28)	0.00	(0.07)	0.00	0.00	4.12	(3.97)	12.42
AIH	16.55	2.61	0.10	(4.60)	18.11	(22.04)	56.25	(37.88)	125.38
AMED	0.43	(0.15)	0.00	(0.40)	0.00	0.00	0.61	(0.93)	5.99
ENSG	1.05	0.01	0.00	0.08	0.00	0.00	2.32	(2.11)	10.08

ATI Physical Corporate Management

Augustus Oakes	Chief Officer	Profile
Christopher Thunander	Chief Officer	Profile
Christopher Cox	Chief Officer	Profile
Eimile Tansey	Chief Officer	Profile
Ray Wahl	Chief Officer	Profile
Greg Steil	Founder	Profile

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