Fresenius Medical Related Correlations

FMCQF Stock

USD 36.95 0.00 0.00%

Generate correlation matrix for Fresenius Medical and other related equities to check the degree to which Fresenius Medical Care price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Fresenius Medical Care. To filter out specific equities, please toggle its corresponding legend item. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fresenius Medical Care. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index.

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Please note, there is a significant difference between Fresenius Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fresenius Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fresenius Medical's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	PNTG	EHC	EHAB	CCM	NHC	ENSG	INNV	MODV	ACHC	SEM
PNTG		0.89	0.45	-0.69	-0.4	0.46	-0.87	-0.87	-0.72	0.82	PNTG
EHC	0.89		0.4	-0.55	-0.48	0.33	-0.84	-0.8	-0.73	0.79	EHC
EHAB	0.45	0.4		-0.14	-0.19	-0.1	-0.3	-0.43	-0.52	0.53	EHAB
CCM	-0.69	-0.55	-0.14		0.06	-0.76	0.64	0.67	0.32	-0.68	CCM
NHC	-0.4	-0.48	-0.19	0.06		0.22	0.49	0.35	0.78	-0.19	NHC
ENSG	0.46	0.33	-0.1	-0.76	0.22		-0.38	-0.36	0.06	0.59	ENSG
INNV	-0.87	-0.84	-0.3	0.64	0.49	-0.38		0.85	0.74	-0.64	INNV
MODV	-0.87	-0.8	-0.43	0.67	0.35	-0.36	0.85		0.68	-0.72	MODV
ACHC	-0.72	-0.73	-0.52	0.32	0.78	0.06	0.74	0.68		-0.43	ACHC
SEM	0.82	0.79	0.53	-0.68	-0.19	0.59	-0.64	-0.72	-0.43		SEM
	PNTG	EHC	EHAB	CCM	NHC	ENSG	INNV	MODV	ACHC	SEM

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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

EHC	+ 0.89	PNTG
MODV	+ 0.85	INNV
SEM	+ 0.82	PNTG
SEM	+ 0.79	EHC
ACHC	+ 0.78	NHC
ACHC	+ 0.74	INNV

High negative correlations

MODV	- 0.87	PNTG
INNV	- 0.87	PNTG
INNV	- 0.84	EHC
MODV	- 0.8	EHC
ENSG	- 0.76	CCM
ACHC	- 0.73	EHC

Risk-Adjusted Indicators

There is a big difference between Fresenius Pink Sheet performing well and Fresenius Medical 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 Fresenius Medical'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
PNTG	1.77	0.28	0.19	0.23	1.54	(2.24)	3.45	(3.21)	13.54
EHC	0.95	0.11	0.14	0.18	0.69	(1.18)	2.40	(1.34)	7.95
EHAB	2.51	(0.13)	0.00	0.03	3.00	(2.68)	5.48	(4.79)	27.98
CCM	5.78	(0.49)	0.00	0.37	0.00	0.00	11.54	(12.33)	56.72
NHC	1.25	(0.15)	0.00	(0.05)	0.00	0.00	2.45	(2.67)	7.84
ENSG	0.97	(0.03)	(0.03)	0.04	1.12	(1.12)	2.38	(2.33)	7.13
INNV	3.11	(0.69)	0.00	(0.18)	0.00	0.00	6.98	(8.20)	21.11
MODV	3.77	(0.80)	0.00	(0.45)	0.00	0.00	7.82	(6.31)	47.14
ACHC	1.19	(0.34)	0.00	(0.25)	0.00	0.00	2.01	(2.61)	6.80
SEM	1.37	(0.04)	0.00	0.05	1.44	(1.50)	2.43	(2.42)	12.75

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Fresenius Medical Related Correlations

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