Astrana Health Correlations

AMEHDelisted Stock  USD 40.82  0.88  2.11%   
The correlation of Astrana Health 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 Astrana Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astrana Health 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.

Good diversification

The correlation between Astrana Health and NYA is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astrana Health and NYA in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
  
The ability to find closely correlated positions to Astrana Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astrana Health 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 Astrana Health - 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 Astrana Health to buy it.

Moving together with Astrana Stock

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Moving against Astrana Stock

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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   
ADUSSEM
ADUSUHS
UHSSEM
EHCSEM
EHCADUS
SGRYACHC
  
High negative correlations   
EHCINNV
INNVSEM
SGRYEHC
EHCACHC
UHSINNV
SGRYSEM

Risk-Adjusted Indicators

There is a big difference between Astrana Stock performing well and Astrana Health 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 Astrana Health'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ACHC  1.21 (0.26) 0.00 (0.20) 0.00 
 2.01 
 6.80 
SEM  1.32  0.00  0.01  0.05  1.41 
 2.43 
 12.75 
INNV  3.16 (0.62) 0.00 (0.18) 0.00 
 6.98 
 21.11 
LFST  2.96 (0.20) 0.00  0.49  0.00 
 5.27 
 36.71 
ENSG  0.99  0.01  0.00  0.06  1.12 
 2.38 
 7.13 
UHS  0.99  0.03  0.03  0.07  1.23 
 2.43 
 7.40 
ADUS  1.42  0.09  0.05  0.15  1.56 
 3.66 
 10.10 
EHC  0.99  0.21  0.21  0.29  0.70 
 2.76 
 7.95 
SGRY  1.94 (0.47) 0.00 (0.16) 0.00 
 4.20 
 14.59 
OPCH  1.36 (0.12) 0.00 (0.05) 0.00 
 2.09 
 8.28 

Delisting Warning - AMEH

Astrana Health was delisted

The entity Astrana Health with a symbol AMEH was delisted from NASDAQ Exchange. Please try Astrana Health with a symbol ASTH from now on. Check all delisted instruments accross multiple markets.

Astrana Health Corporate Directors

Astrana Health corporate directors refer to members of an Astrana Health board of directors. The board of directors generally takes responsibility for the Astrana Health'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 Astrana Health's board members must vote for the resolution. The Astrana Health board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Still Interested in Astrana Health?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Astrana Health information on this page should be used as a complementary analysis to other Astrana Health'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Other Consideration for investing in Astrana Stock

If you are still planning to invest in Astrana Health check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Astrana Health's history and understand the potential risks before investing.
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