SRx Health Correlations

SRXH Stock

0.38 0.02 5.00%

The correlation of SRx 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

SRx Health Correlation With Market

Significant diversification

The correlation between SRx Health Solutions and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SRx Health Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SRx Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SRx Health Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in goods.

Moving together with SRx Stock

0.83	WVVI	Willamette Valley Upward Rally	Pair Corr
0.85	AMZE	Amaze Holdings Symbol Change	Pair Corr
0.88	SBEV	Splash Beverage Group	Pair Corr
0.82	CL	Colgate Palmolive	Pair Corr
0.82	FC	Franklin Covey	Pair Corr
0.8	PM	Philip Morris Intern	Pair Corr
0.77	EDBL	Edible Garden AG	Pair Corr
0.72	FAMI	Farmmi Inc	Pair Corr

Moving against SRx Stock

0.83	MO	Altria Group Sell-off Trend	Pair Corr
0.82	TR	Tootsie Roll Industries	Pair Corr
0.78	GO	Grocery Outlet Holding	Pair Corr
0.72	EL	Estee Lauder Companies	Pair Corr
0.68	BLNE	Eastside Distilling, Symbol Change	Pair Corr
0.5	DEO	Diageo PLC ADR	Pair Corr
0.49	BG	Bunge Limited	Pair Corr
0.38	WVVIP	Willamette Valley	Pair Corr
0.36	LW	Lamb Weston Holdings	Pair Corr
0.91	BTI	British American Tobacco	Pair Corr
0.78	WILC	G Willi Food	Pair Corr
0.76	ADM	Archer Daniels Midland	Pair Corr
0.75	FARM	Farmer Bros	Pair Corr
0.74	DLTR	Dollar Tree	Pair Corr
0.72	VITL	Vital Farms	Pair Corr
0.69	DISTR	Distoken Acquisition	Pair Corr
0.64	AVO	Mission Produce Earnings Call This Week	Pair Corr
0.61	BSLKW	Bolt Projects Holdings,	Pair Corr
0.46	DOLE	Dole PLC	Pair Corr

Related Correlations Analysis

	LNDT	ATHM	HTB	TPH	ACRG	JBGS	HOFT	MHO
LNDT		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LNDT
ATHM	0.0		0.85	0.77	0.0	0.78	-0.32	0.87	ATHM
HTB	0.0	0.85		0.73	0.0	0.69	-0.04	0.8	HTB
TPH	0.0	0.77	0.73		0.0	0.59	-0.08	0.87	TPH
ACRG	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ACRG
JBGS	0.0	0.78	0.69	0.59	0.0		-0.6	0.86	JBGS
HOFT	0.0	-0.32	-0.04	-0.08	0.0	-0.6		-0.35	HOFT
MHO	0.0	0.87	0.8	0.87	0.0	0.86	-0.35		MHO
	LNDT	ATHM	HTB	TPH	ACRG	JBGS	HOFT	MHO

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

MHO	+ 0.87	ATHM
MHO	+ 0.87	TPH
MHO	+ 0.86	JBGS
HTB	+ 0.85	ATHM
MHO	+ 0.8	HTB
JBGS	+ 0.78	ATHM

High negative correlations

HOFT	- 0.6	JBGS
MHO	- 0.35	HOFT
HOFT	- 0.32	ATHM
HOFT	- 0.08	TPH
HOFT	- 0.04	HTB
MHO	- 0.0	ACRG

Risk-Adjusted Indicators

There is a big difference between SRx Stock performing well and SRx 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 SRx 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LNDT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATHM	1.17	0.22	0.11	(12.16)	1.00	(1.43)	2.67	(1.97)	6.56
HTB	1.13	0.22	0.11	2.45	1.05	(1.25)	2.78	(2.01)	6.20
TPH	1.76	0.18	0.11	0.19	2.05	(2.10)	4.79	(2.63)	17.06
ACRG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JBGS	1.56	0.43	0.20	(0.50)	1.10	(2.02)	3.36	(2.01)	13.95
HOFT	2.83	(0.17)	(0.01)	0.02	3.67	(3.18)	6.75	(5.93)	23.83
MHO	1.74	0.43	0.28	0.31	1.40	(2.08)	5.62	(3.03)	10.21

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