Guardian Pharmacy Correlations
| GRDN Stock | 23.88 0.43 1.77% |
The current 90-days correlation between Guardian Pharmacy and Haverty Furniture Companies is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guardian Pharmacy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guardian Pharmacy Services, moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Guardian Pharmacy Correlation With Market
Modest diversification
The correlation between Guardian Pharmacy Services, and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guardian Pharmacy Services, and DJI in the same portfolio, assuming nothing else is changed.
Guardian |
Moving together with Guardian Stock
| 0.68 | EHAB | Enhabit | PairCorr |
| 0.64 | SEM | Select Medical Holdings | PairCorr |
| 0.72 | HCSG | Healthcare Services | PairCorr |
| 0.66 | NIVFW | NewGenIvf Group | PairCorr |
Moving against Guardian Stock
| 0.82 | CCM | Concord Medical Services | PairCorr |
| 0.69 | TOI | Oncology Institute | PairCorr |
| 0.5 | HCA | HCA Holdings | PairCorr |
| 0.44 | INNV | InnovAge Holding Corp | PairCorr |
| 0.39 | CHE | Chemed Corp | PairCorr |
| 0.38 | CYH | Community Health Systems | PairCorr |
| 0.36 | AMN | AMN Healthcare Services | PairCorr |
| 0.32 | THC | Tenet Healthcare | PairCorr |
| 0.31 | RHE | Regional Health Prop | PairCorr |
| 0.65 | ASTH | Astrana Health Symbol Change | PairCorr |
| 0.63 | ARDT | Ardent Health Partners, | PairCorr |
| 0.61 | ATIP | ATI Physical Therapy | PairCorr |
| 0.59 | PACS | PACS Group, | PairCorr |
| 0.58 | NIVF | NewGenIvf Group | PairCorr |
| 0.53 | TOIIW | The Oncology Institute | PairCorr |
| 0.53 | AMED | Amedisys | PairCorr |
| 0.52 | SGRY | Surgery Partners | PairCorr |
| 0.34 | ADUS | Addus HomeCare | PairCorr |
| 0.32 | PNTG | Pennant Group | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Guardian Stock performing well and Guardian Pharmacy 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 Guardian Pharmacy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSP | 2.28 | 0.29 | 0.03 | (0.26) | 2.52 | 4.44 | 14.81 | |||
| UHG | 3.25 | (0.42) | 0.00 | (0.09) | 0.00 | 7.79 | 30.43 | |||
| PINS | 1.65 | 0.08 | 0.01 | 0.22 | 3.24 | 3.06 | 17.91 | |||
| BWOFY | 1.01 | 0.21 | 0.00 | 0.48 | 0.00 | 1.67 | 28.39 | |||
| HVT | 1.68 | (0.23) | 0.00 | (0.05) | 0.00 | 4.49 | 12.20 | |||
| NTGR | 2.37 | 0.63 | 0.34 | 0.63 | 1.43 | 5.28 | 34.93 | |||
| SDHC | 2.22 | (0.09) | 0.00 | (0.05) | 0.00 | 6.08 | 13.47 |
Guardian Pharmacy Corporate Management
| Douglas Towns | VP Counsel | Profile | |
| David Martin | Vice Officer | Profile | |
| Bethany RPh | Senior Marketing | Profile | |
| Kendall RPh | Executive Operations | Profile |