Comprehensive Healthcare Correlations
| CHS Stock | 0.75 0.10 15.38% |
The current 90-days correlation between Comprehensive Healthcare and CVS HEALTH CDR is -0.27 (i.e., Very good diversification). The correlation of Comprehensive 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 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.
Comprehensive Healthcare Correlation With Market
Poor diversification
The correlation between Comprehensive Healthcare Syste and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comprehensive Healthcare Syste and DJI in the same portfolio, assuming nothing else is changed.
Comprehensive |
The ability to find closely correlated positions to Comprehensive 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 Comprehensive 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 Comprehensive 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 Comprehensive Healthcare Systems to buy it.
Moving together with Comprehensive Stock
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| 0.66 | SOY | SunOpta | PairCorr |
| 0.79 | AEM | Agnico Eagle Mines | PairCorr |
| 0.84 | TVE | Tamarack Valley Energy | PairCorr |
| 0.78 | URE | Ur Energy | PairCorr |
| 0.8 | BBB | Brixton Metals | PairCorr |
| 0.79 | CU | Canadian Utilities | PairCorr |
| 0.76 | CWEB | Charlottes Web Holdings | PairCorr |
| 0.74 | DAN | Arianne Phosphate | PairCorr |
| 0.74 | BPF-UN | Boston Pizza Royalties | PairCorr |
| 0.61 | WPRT | Westport Fuel Systems | PairCorr |
| 0.72 | DOS | Dios Exploration | PairCorr |
| 0.85 | MKO | Mako Mining Corp | PairCorr |
| 0.71 | BTO | B2Gold Corp Earnings Call This Week | PairCorr |
| 0.84 | BCE | BCE Inc | PairCorr |
| 0.8 | AIM | Aimia Inc | PairCorr |
| 0.85 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.67 | AZS | Arizona Gold Silver | PairCorr |
| 0.66 | EXE | Extendicare | PairCorr |
| 0.67 | TUF | Honey Badger Silver | PairCorr |
| 0.71 | BTE | Baytex Energy Corp | PairCorr |
| 0.88 | TMG | Thermal Energy Inter | PairCorr |
| 0.65 | ONAU | OnGold Resources | PairCorr |
| 0.62 | WAST | Waste Management CDR | PairCorr |
Moving against Comprehensive Stock
| 0.71 | DRT | DIRTT Environmental | PairCorr |
| 0.58 | GUD | Knight Therapeutics | PairCorr |
| 0.58 | AOV | Amotiv Limited | PairCorr |
| 0.34 | EBM | Eastwood Bio Medical | PairCorr |
Related Correlations Analysis
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 Comprehensive Stock performing well and Comprehensive 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 Comprehensive 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | 1.30 | (0.36) | 0.00 | (1.00) | 0.00 | 2.50 | 8.79 | |||
| AMZN | 1.30 | (0.36) | 0.00 | (1.00) | 0.00 | 2.50 | 8.79 | |||
| WMT | 1.20 | 0.36 | 0.30 | 0.90 | 0.72 | 3.58 | 8.25 | |||
| UNH | 1.74 | (0.19) | 0.00 | (0.13) | 0.00 | 2.88 | 23.67 | |||
| BRK | 0.67 | (0.04) | 0.00 | (0.04) | 0.00 | 1.22 | 3.90 | |||
| AAPL | 0.87 | (0.14) | 0.00 | (0.34) | 0.00 | 2.08 | 8.84 | |||
| AAPL | 0.87 | (0.14) | 0.00 | (0.35) | 0.00 | 2.08 | 8.84 | |||
| GOOG | 1.29 | 0.07 | 0.01 | 0.66 | 1.36 | 2.65 | 9.38 | |||
| GOOG | 1.29 | 0.06 | 0.01 | 0.65 | 1.36 | 2.65 | 9.38 | |||
| CVS | 1.36 | (0.03) | (0.02) | (0.02) | 2.96 | 2.41 | 17.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Comprehensive 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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Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
Comprehensive Healthcare Corporate Management
Elected by the shareholders, the Comprehensive Healthcare's board of directors comprises two types of representatives: Comprehensive Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Comprehensive. The board's role is to monitor Comprehensive Healthcare's management team and ensure that shareholders' interests are well served. Comprehensive Healthcare'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, Comprehensive Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BBA CA | Chief Officer | Profile | |
| MTech BE | Chief Officer | Profile | |
| Alexander Cutler | Vice Development | Profile | |
| Toni Haugh | Chief Officer | Profile | |
| Nancy DO | Chief Officer | Profile | |
| Mariam Cather | Corporate Secretary | Profile |