Adapthealth Corp Correlations
| AHCO Stock | USD 9.78 0.03 0.31% |
The correlation of Adapthealth Corp 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 Adapthealth Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adapthealth Corp 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.
Weak diversification
The correlation between Adapthealth Corp and NYA is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adapthealth Corp and NYA in the same portfolio, assuming nothing else is changed.
Adapthealth |
The ability to find closely correlated positions to Adapthealth Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adapthealth Corp 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 Adapthealth Corp - 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 Adapthealth Corp to buy it.
Moving together with Adapthealth Stock
| 0.72 | BMY | Bristol Myers Squibb Earnings Call Tomorrow | PairCorr |
| 0.88 | OCEA | Ocean Biomedical | PairCorr |
| 0.63 | CICHF | China Construction Bank | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.79 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
Moving against Adapthealth Stock
| 0.48 | MCD | McDonalds Earnings Call This Week | 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
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Risk-Adjusted Indicators
There is a big difference between Adapthealth Stock performing well and Adapthealth Corp 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 Adapthealth Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PROF | 2.03 | (0.16) | 0.00 | (0.02) | 0.00 | 4.42 | 20.29 | |||
| SIBN | 1.96 | (0.38) | 0.00 | (0.19) | 0.00 | 4.10 | 18.59 | |||
| IRIX | 3.21 | 0.02 | 0.03 | 0.09 | 3.82 | 6.25 | 23.91 | |||
| SRDX | 1.93 | (0.44) | 0.00 | (0.26) | 0.00 | 3.54 | 11.42 | |||
| TBIO | 5.94 | 0.33 | 0.05 | 0.23 | 5.96 | 9.38 | 86.23 | |||
| RCEL | 2.93 | (0.76) | 0.00 | (0.22) | 0.00 | 5.76 | 37.17 | |||
| CLPT | 3.01 | (0.63) | 0.00 | (0.13) | 0.00 | 4.54 | 25.88 | |||
| SGHT | 3.41 | 0.04 | 0.03 | 0.10 | 4.33 | 6.69 | 25.65 | |||
| TMCI | 2.30 | (0.45) | 0.00 | (0.09) | 0.00 | 5.58 | 14.01 | |||
| FNA | 3.03 | (0.36) | 0.00 | (0.03) | 0.00 | 6.65 | 31.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adapthealth Corp 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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Adapthealth Corp Corporate Management
Elected by the shareholders, the Adapthealth Corp's board of directors comprises two types of representatives: Adapthealth Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adapthealth. The board's role is to monitor Adapthealth Corp's management team and ensure that shareholders' interests are well served. Adapthealth Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Adapthealth Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joel Mills | Chief Officer | Profile | |
| Wendy Russalesi | Chief Officer | Profile | |
| Anton Hie | Vice Relations | Profile | |
| Leila Vargas | Ex Marketing | Profile | |
| Shaw Rietkerk | Chief Officer | Profile | |
| Albert Prast | Chief Officer | Profile |
Already Invested in Adapthealth Corp?
The danger of trading Adapthealth Corp 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 Adapthealth Corp 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 Adapthealth Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Adapthealth Corp 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 Adapthealth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Adapthealth Corp'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 Adapthealth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Adapthealth Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adapthealth Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Adapthealth Stock, please use our How to Invest in Adapthealth Corp guide.Note that the Adapthealth Corp information on this page should be used as a complementary analysis to other Adapthealth Corp'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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Adapthealth Stock analysis
When running Adapthealth Corp's price analysis, check to measure Adapthealth Corp'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 Adapthealth Corp is operating at the current time. Most of Adapthealth Corp's value examination focuses on studying past and present price action to predict the probability of Adapthealth Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adapthealth Corp's price. Additionally, you may evaluate how the addition of Adapthealth Corp to your portfolios can decrease your overall portfolio volatility.
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Is Adapthealth Corp'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 Adapthealth Corp. If investors know Adapthealth 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 Adapthealth Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (5.31) | Revenue Per Share 23.854 | Quarterly Revenue Growth 0.1 | Return On Assets 0.0335 | Return On Equity (0.37) |
The market value of Adapthealth Corp is measured differently than its book value, which is the value of Adapthealth that is recorded on the company's balance sheet. Investors also form their own opinion of Adapthealth Corp's value that differs from its market value or its book value, called intrinsic value, which is Adapthealth Corp'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 Adapthealth Corp's market value can be influenced by many factors that don't directly affect Adapthealth Corp'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 Adapthealth Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Adapthealth Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Adapthealth Corp'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.