Cardinal Health Correlations
| CAH Stock | USD 198.64 1.07 0.54% |
The correlation of Cardinal 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardinal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Moving together with Cardinal Stock
| 0.98 | GH | Guardant Health | PairCorr |
| 0.96 | MD | Mednax Inc | PairCorr |
| 0.78 | NPTH | NeuPath Health | PairCorr |
| 0.93 | BKD | Brookdale Senior Living | PairCorr |
| 0.91 | MCK | McKesson | PairCorr |
| 0.81 | NHC | National HealthCare | PairCorr |
| 0.92 | UHS | Universal Health Services | PairCorr |
| 0.71 | HSIC | Henry Schein | PairCorr |
| 0.81 | AHX | Apiam Animal Health | PairCorr |
Moving against Cardinal Stock
| 0.8 | CCM | Concord Medical Services | PairCorr |
| 0.78 | 300015 | Aier Eye Hospital | PairCorr |
| 0.77 | HNGE | Hinge Health, | PairCorr |
| 0.7 | LH | Laboratory | PairCorr |
| 0.68 | PHA | Premier Health Earnings Call This Week | PairCorr |
| 0.68 | FMS | Fresenius Medical Care | PairCorr |
| 0.65 | HUM | Humana Inc | PairCorr |
| 0.59 | WGRX | Wellgistics Health, | PairCorr |
| 0.56 | UNH | UnitedHealth Group CDR | PairCorr |
| 0.54 | 301293 | Sanbo Hospital Management | PairCorr |
| 0.48 | RAINBOW | Rainbow Childrens | PairCorr |
| 0.48 | CHE | Chemed Corp | PairCorr |
| 0.4 | FORTIS | Fortis Healthcare | PairCorr |
| 0.94 | AUNA | Auna SA | PairCorr |
| 0.89 | MEDANTA | Global Health Limited | PairCorr |
| 0.86 | ACHC | Acadia Healthcare | PairCorr |
| 0.83 | OPT | Optima Health plc Earnings Call This Week | PairCorr |
| 0.79 | CCRN | Cross Country Healthcare Downward Rally | PairCorr |
| 0.76 | WELL | WELL Health Technologies | PairCorr |
| 0.72 | LOTUSEYE | Lotus Eye Hospital | PairCorr |
| 0.71 | MEDIASSIST | MEDI ASSIST HEALTHCARE | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TORIF | ||
| 0.0 | 0.0 | 0.0 | -1.0 | 0.0 | COFE | ||
| 0.0 | 0.0 | 0.38 | 0.0 | -0.3 | JVA | ||
| 0.0 | 0.0 | 0.38 | 0.0 | -0.08 | VMD | ||
| 0.0 | -1.0 | 0.0 | 0.0 | 0.0 | LVVEF | ||
| 0.0 | 0.0 | -0.3 | -0.08 | 0.0 | CUAUF | ||
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 Cardinal Stock performing well and Cardinal 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 Cardinal 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TORIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| COFE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JVA | 2.39 | (0.29) | 0.00 | (0.05) | 0.00 | 6.49 | 15.30 | |||
| VMD | 1.44 | (0.08) | (0.04) | 0.00 | 1.66 | 3.15 | 9.51 | |||
| LVVEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUAUF | 2.63 | 0.49 | 0.09 | 1.94 | 2.64 | 8.00 | 26.13 |