PACS Group, Correlations

PACS Stock

15.90 0.09 0.57%

The current 90-days correlation between PACS Group, and Pinterest is -0.18 (i.e., Good diversification). The correlation of PACS Group, 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.

PACS Group, Correlation With Market

Good diversification

The correlation between PACS Group, and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PACS Group, and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PACS Group,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy PACS Stock please use our How to Invest in PACS Group, guide.

Moving together with PACS Stock

0.66	VERO	Venus Concept	Pair Corr
0.64	DRIO	DarioHealth Corp	Pair Corr
0.85	EKSO	Ekso Bionics Holdings	Pair Corr
0.63	FEMY	Femasys	Pair Corr
0.67	FLGT	Fulgent Genetics	Pair Corr
0.77	AGL	agilon health	Pair Corr
0.84	ALC	Alcon AG	Pair Corr
0.83	AMN	AMN Healthcare Services	Pair Corr
0.79	BAX	Baxter International	Pair Corr
0.84	BDX	Becton Dickinson	Pair Corr

Moving against PACS Stock

0.9	GH	Guardant Health	Pair Corr
0.86	OM	Outset Medical Buyout Trend	Pair Corr
0.85	VREX	Varex Imaging Corp	Pair Corr
0.83	LH	Laboratory	Pair Corr
0.83	ELMD	Electromed	Pair Corr
0.8	DOCS	Doximity	Pair Corr
0.8	ENOV	Enovis Corp	Pair Corr
0.75	MD	Mednax Inc	Pair Corr
0.68	DXCM	DexCom Inc	Pair Corr
0.61	ECOR	Electrocore LLC	Pair Corr
0.56	VEEV	Veeva Systems Class Earnings Call Today	Pair Corr
0.52	VVOS	Vivos Therapeutics	Pair Corr
0.52	WORX	Scworx Corp	Pair Corr
0.44	EMBC	Embecta Corp Trending	Pair Corr
0.43	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.32	EUDA	EUDA Health Holdings	Pair Corr
0.31	EW	Edwards Lifesciences Corp	Pair Corr
0.92	CAH	Cardinal Health	Pair Corr
0.88	SYK	Stryker	Pair Corr
0.88	MMSI	Merit Medical Systems	Pair Corr
0.86	FOXO	FOXO Technologies	Pair Corr
0.78	BSX	Boston Scientific Corp	Pair Corr
0.74	XAIR	Beyond Air	Pair Corr
0.74	COR	Cencora	Pair Corr
0.62	WGS	GeneDx Holdings Corp	Pair Corr

Related Correlations Analysis

	PINS	GETY	TLF	FDS	DLTH	VRA	BOOT	ASUR
PINS		0.68	0.63	-0.08	0.24	0.13	0.37	-0.05	PINS
GETY	0.68		0.53	-0.41	0.31	-0.17	0.24	-0.05	GETY
TLF	0.63	0.53		0.01	-0.04	-0.15	0.14	0.07	TLF
FDS	-0.08	-0.41	0.01		-0.2	0.34	-0.16	0.48	FDS
DLTH	0.24	0.31	-0.04	-0.2		0.32	0.4	0.2	DLTH
VRA	0.13	-0.17	-0.15	0.34	0.32		-0.02	0.35	VRA
BOOT	0.37	0.24	0.14	-0.16	0.4	-0.02		-0.01	BOOT
ASUR	-0.05	-0.05	0.07	0.48	0.2	0.35	-0.01		ASUR
	PINS	GETY	TLF	FDS	DLTH	VRA	BOOT	ASUR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GETY	+ 0.68	PINS
TLF	+ 0.63	PINS
TLF	+ 0.53	GETY
ASUR	+ 0.48	FDS
BOOT	+ 0.4	DLTH
BOOT	+ 0.37	PINS

High negative correlations

FDS	- 0.41	GETY
DLTH	- 0.2	FDS
VRA	- 0.17	GETY
BOOT	- 0.16	FDS
VRA	- 0.15	TLF
FDS	- 0.08	PINS

Risk-Adjusted Indicators

There is a big difference between PACS Stock performing well and PACS Group, 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 PACS Group,'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
PINS	1.63	(0.10)	0.00	(0.01)	0.00	0.00	2.99	(3.30)	17.91
GETY	2.17	(0.43)	0.00	(0.33)	0.00	0.00	3.77	(4.72)	26.04
TLF	1.20	0.01	0.00	0.07	0.00	0.00	3.02	(2.89)	8.51
FDS	0.91	0.13	0.11	0.28	0.80	(1.05)	2.24	(1.45)	7.46
DLTH	2.30	(0.18)	0.00	(0.11)	0.00	0.00	4.16	(4.24)	10.39
VRA	1.85	(0.16)	0.00	(0.02)	0.00	0.00	4.21	(4.62)	12.01
BOOT	1.95	0.14	0.02	0.33	3.89	(1.98)	5.70	(3.12)	29.69
ASUR	1.85	0.06	0.03	0.14	2.92	(2.06)	5.27	(3.76)	19.48

PACS Group, Corporate Management

Joseph Lee	Chief Officer	Profile
Derick Apt	Chief Officer	Profile
Peter Sanford	I Services	Profile
Michelle Lewis	Chief Officer	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