DocGo Correlations

DCGO Stock

USD 4.14 0.15 3.50%

The current 90-days correlation between DocGo Inc and Enhabit is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DocGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocGo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DocGo Correlation With Market

Very weak diversification

The correlation between DocGo Inc and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DocGo Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DocGo Stock

0.93	GH	Guardant Health	Pair Corr
0.9	LH	Laboratory	Pair Corr
0.7	MD	Mednax Inc	Pair Corr
0.77	OM	Outset Medical	Pair Corr
0.79	DOCS	Doximity	Pair Corr
0.72	VEEV	Veeva Systems Class Downward Rally	Pair Corr
0.78	DXCM	DexCom Inc	Pair Corr
0.88	VREX	Varex Imaging Corp	Pair Corr
0.65	ECOR	Electrocore LLC	Pair Corr
0.7	VVOS	Vivos Therapeutics	Pair Corr
0.82	XAIR	Beyond Air	Pair Corr
0.9	CAH	Cardinal Health	Pair Corr
0.86	DGX	Quest Diagnostics	Pair Corr
0.81	HAE	Haemonetics	Pair Corr

Moving against DocGo Stock

0.84	DRIO	DarioHealth Corp	Pair Corr
0.62	VERO	Venus Concept	Pair Corr
0.54	EDAP	EDAP TMS SA	Pair Corr
0.33	CI	Cigna Corp Downward Rally	Pair Corr
0.88	XRAY	Dentsply Sirona	Pair Corr
0.84	FIGS	Figs Inc Upward Rally	Pair Corr
0.81	EKSO	Ekso Bionics Holdings	Pair Corr
0.8	DHR	Danaher	Pair Corr
0.74	MDT	Medtronic PLC	Pair Corr
0.72	COO	Cooper Companies,	Pair Corr
0.69	AHG	Akso Health Group	Pair Corr
0.54	FLGT	Fulgent Genetics	Pair Corr
0.49	CVS	CVS Health Corp	Pair Corr
0.38	AWH	Aspira Womens Health	Pair Corr
0.33	SSY	SunLink Health Systems	Pair Corr
0.87	XTNT	Xtant Medical Holdings	Pair Corr
0.86	TFX	Teleflex Incorporated	Pair Corr
0.84	GCTK	GlucoTrack	Pair Corr
0.8	MASS	908 Devices	Pair Corr

Related Correlations Analysis

	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV
EHAB		-0.21	-0.08	-0.16	0.47	0.48	0.15	0.03	-0.59	0.04	EHAB
ENSG	-0.21		0.5	0.63	-0.22	-0.36	-0.3	-0.33	0.4	-0.18	ENSG
PNTG	-0.08	0.5		0.78	-0.01	-0.52	-0.63	-0.69	0.48	-0.46	PNTG
INNV	-0.16	0.63	0.78		-0.1	-0.54	-0.51	-0.49	0.61	-0.23	INNV
NHC	0.47	-0.22	-0.01	-0.1		0.74	0.45	0.41	-0.6	0.01	NHC
SEM	0.48	-0.36	-0.52	-0.54	0.74		0.76	0.75	-0.75	0.17	SEM
EHC	0.15	-0.3	-0.63	-0.51	0.45	0.76		0.9	-0.36	0.18	EHC
MD	0.03	-0.33	-0.69	-0.49	0.41	0.75	0.9		-0.32	0.22	MD
CCM	-0.59	0.4	0.48	0.61	-0.6	-0.75	-0.36	-0.32		-0.23	CCM
MODV	0.04	-0.18	-0.46	-0.23	0.01	0.17	0.18	0.22	-0.23		MODV
	EHAB	ENSG	PNTG	INNV	NHC	SEM	EHC	MD	CCM	MODV

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MD	+ 0.9	EHC
INNV	+ 0.78	PNTG
EHC	+ 0.76	SEM
MD	+ 0.75	SEM
SEM	+ 0.74	NHC
INNV	+ 0.63	ENSG

High negative correlations

CCM	- 0.75	SEM
MD	- 0.69	PNTG
EHC	- 0.63	PNTG
CCM	- 0.6	NHC
CCM	- 0.59	EHAB
SEM	- 0.54	INNV

Risk-Adjusted Indicators

There is a big difference between DocGo Stock performing well and DocGo 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 DocGo'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
EHAB	1.90	0.09	0.05	0.19	1.89	(2.39)	5.22	(3.85)	15.02
ENSG	0.99	(0.03)	0.00	0.19	0.00	0.00	2.32	(2.09)	10.08
PNTG	2.00	(0.22)	0.00	(0.07)	0.00	0.00	4.12	(3.74)	12.42
INNV	2.12	(0.56)	0.00	(0.20)	0.00	0.00	4.23	(4.81)	11.60
NHC	1.36	(0.23)	(0.07)	0.00	1.57	(1.51)	3.12	(2.32)	11.56
SEM	1.61	(0.02)	0.02	0.10	1.74	(1.77)	3.01	(2.51)	16.75
EHC	0.88	0.11	0.04	0.42	0.80	(0.98)	1.74	(1.48)	9.75
MD	1.94	0.29	0.20	0.27	1.55	(2.23)	3.63	(2.88)	27.59
CCM	4.02	0.25	0.00	(0.07)	5.87	(4.68)	10.40	(7.79)	41.12
MODV	4.38	(0.16)	0.00	(0.52)	0.00	0.00	7.43	(8.25)	63.06

DocGo Corporate Management

Anthony Capone	President	Profile
Ely Tendler	Secretary Counsel	Profile
Aaron Severs	Chief Officer	Profile
Mike Cole	Vice Relations	Profile
Lee Bienstock	Chief Officer	Profile
Andre CPA	Executive Strategy	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC