Acadia Healthcare Correlations
| ACHC Stock | USD 71.19 0.45 0.64% |
The correlation of Acadia Healthcare 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acadia Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadia Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Acadia Healthcare and NYA is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acadia Healthcare and NYA in the same portfolio, assuming nothing else is changed.
Acadia |
The ability to find closely correlated positions to Acadia Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadia Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Acadia Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Acadia Healthcare to buy it.
Moving together with Acadia Stock
| 0.85 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.87 | MCD | McDonalds Earnings Call This Week | PairCorr |
Moving against Acadia Stock
| 0.86 | XOM | Exxon Mobil Corp Earnings Call Tomorrow | PairCorr |
| 0.84 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.82 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.77 | CAT | Caterpillar Earnings Call Today | PairCorr |
| 0.74 | CVX | Chevron Corp Earnings Call Tomorrow | PairCorr |
| 0.69 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.59 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
| 0.57 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.52 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.52 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.47 | CICHF | China Construction Bank | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Acadia Stock performing well and Acadia Healthcare 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 Acadia Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EHC | 0.98 | 0.14 | 0.18 | 0.21 | 0.65 | 2.65 | 7.95 | |||
| PNTG | 1.84 | 0.33 | 0.23 | 0.26 | 1.49 | 3.45 | 13.54 | |||
| SEM | 1.38 | (0.04) | 0.00 | 0.06 | 1.44 | 2.81 | 12.75 | |||
| ADUS | 1.41 | (0.02) | (0.01) | 0.07 | 1.66 | 3.66 | 10.10 | |||
| THC | 1.36 | 0.13 | 0.12 | 0.16 | 1.31 | 3.17 | 12.82 | |||
| HCA | 1.02 | 0.07 | 0.05 | 0.15 | 1.26 | 2.73 | 9.69 | |||
| USPH | 1.30 | 0.01 | 0.05 | 0.09 | 1.61 | 3.17 | 10.82 | |||
| DVA | 1.32 | 0.29 | 0.24 | 0.36 | 0.87 | 3.76 | 11.50 | |||
| ENSG | 0.99 | (0.04) | (0.04) | 0.04 | 1.15 | 2.38 | 7.13 | |||
| AMED | 0.33 | (0.08) | 0.00 | (0.34) | 0.00 | 0.61 | 2.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Acadia Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Acadia Healthcare Corporate Directors
Acadia Healthcare corporate directors refer to members of an Acadia Healthcare board of directors. The board of directors generally takes responsibility for the Acadia Healthcare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Acadia Healthcare's board members must vote for the resolution. The Acadia Healthcare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Petrie | Independent Director | Profile | |
| Vicky Gregg | Director | Profile | |
| Christopher Gordon | Director | Profile | |
| Reeve Waud | Lead Director | Profile |
Already Invested in Acadia Healthcare?
The danger of trading Acadia Healthcare is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Acadia Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Acadia Healthcare. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Acadia Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Acadia Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Acadia Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Acadia Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Acadia Healthcare Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadia Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Acadia Stock refer to our How to Trade Acadia Stock guide.Note that the Acadia Healthcare information on this page should be used as a complementary analysis to other Acadia Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Acadia Stock analysis
When running Acadia Healthcare's price analysis, check to measure Acadia Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Acadia Healthcare is operating at the current time. Most of Acadia Healthcare's value examination focuses on studying past and present price action to predict the probability of Acadia Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acadia Healthcare's price. Additionally, you may evaluate how the addition of Acadia Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Acadia Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Acadia Healthcare. If investors know Acadia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Acadia Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Earnings Share (0.24) | Revenue Per Share 32.202 | Quarterly Revenue Growth 0.1 | Return On Assets 0.0612 |
The market value of Acadia Healthcare is measured differently than its book value, which is the value of Acadia that is recorded on the company's balance sheet. Investors also form their own opinion of Acadia Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Acadia Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Acadia Healthcare's market value can be influenced by many factors that don't directly affect Acadia Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Acadia Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acadia Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acadia Healthcare'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.