Streamline Health Correlations
| STRMDelisted Stock | USD 5.33 0.01 0.19% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Streamline Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Streamline Health Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Streamline Health Correlation With Market
Poor diversification
The correlation between Streamline Health Solutions and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Streamline Health Solutions and DJI in the same portfolio, assuming nothing else is changed.
Streamline |
Moving together with Streamline Stock
| 0.86 | GS | Goldman Sachs Group | PairCorr |
| 0.62 | SLSR | Solaris Resources | PairCorr |
| 0.62 | NWTG | Newton Golf Symbol Change | PairCorr |
| 0.72 | LRDC | Laredo Oil | PairCorr |
| 0.72 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.82 | USPH | US Physicalrapy | PairCorr |
| 0.86 | TORO | Toro | PairCorr |
| 0.61 | TATT | Tat Techno | PairCorr |
| 0.78 | FRFFF | Fairfax Financial | PairCorr |
| 0.64 | EXAS | EXACT Sciences | PairCorr |
| 0.68 | YLLXF | Yellow Cake plc | PairCorr |
| 0.72 | FRSB | First Resource Bank | PairCorr |
Moving against Streamline Stock
| 0.81 | NIVF | NewGenIvf Group | PairCorr |
| 0.76 | TRNR | Interactive Strength | PairCorr |
| 0.67 | APVO | Aptevo Therapeutics | PairCorr |
| 0.52 | BRK-A | Berkshire Hathaway Earnings Call This Week | PairCorr |
| 0.44 | AFIIQ | Armstrong Flooring | PairCorr |
| 0.44 | WELL | Welltower | 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 Streamline Stock performing well and Streamline 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 Streamline 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RNLX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSPR | 12.54 | (2.03) | 0.00 | 2.98 | 0.00 | 45.45 | 132.25 | |||
| ELUT | 5.06 | 0.74 | 0.11 | (2.41) | 5.14 | 9.78 | 33.48 | |||
| CYTH | 4.64 | 0.53 | 0.06 | (0.20) | 5.50 | 10.00 | 76.39 | |||
| IVC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELEV | 3.37 | 0.28 | 0.05 | 0.69 | 3.35 | 9.09 | 29.95 | |||
| PHXM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TRAW | 7.04 | 0.53 | 0.05 | 0.72 | 8.89 | 17.70 | 58.96 | |||
| AKU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSB | 5.13 | 0.13 | 0.02 | 0.11 | 8.14 | 12.33 | 91.99 |
Streamline Health Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Streamline Health stock to make a market-neutral strategy. Peer analysis of Streamline Health could also be used in its relative valuation, which is a method of valuing Streamline Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Streamline Health Corporate Management
| Ben Stilwill | President | Profile | |
| Donald Vick | Director Analytics | Profile | |
| Bryant Reeves | Interim Staff | Profile | |
| Lance Seach | Senior Development | Profile | |
| Jawad Shaikh | Chief Officer | Profile | |
| Benjamin Stilwill | Chief Officer | Profile |
Still Interested in Streamline Health Solutions?
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.