Concord Medical Correlations

CCM Stock

USD 3.54 0.24 6.35%

The current 90-days correlation between Concord Medical Services and NETCLASS TECHNOLOGY INC is -0.28 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Concord Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Concord Medical Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Concord Medical Correlation With Market

Good diversification

The correlation between Concord Medical Services and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concord Medical Services and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Concord Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Concord Medical Services. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Concord Stock

0.69	300015	Aier Eye Hospital	Pair Corr
0.64	301293	Sanbo Hospital Management	Pair Corr
0.79	SHALBY	Shalby Limited	Pair Corr
0.69	600211	Tibet Rhodiola Pharm	Pair Corr
0.72	AGL	agilon health	Pair Corr
0.63	AMN	AMN Healthcare Services	Pair Corr
0.69	AMS	American Shared Hospital	Pair Corr
0.65	PHA	Premier Health Earnings Call This Week	Pair Corr
0.66	DVA	DaVita HealthCare	Pair Corr
0.73	EHC	Encompass Health Corp	Pair Corr

Moving against Concord Stock

0.84	MD	Mednax Inc	Pair Corr
0.84	FLGT	Fulgent Genetics	Pair Corr
0.81	GH	Guardant Health	Pair Corr
0.8	BKD	Brookdale Senior Living	Pair Corr
0.78	CAH	Cardinal Health	Pair Corr
0.76	NPTH	NeuPath Health	Pair Corr
0.73	IDHC	Integrated Diagnostics	Pair Corr
0.56	EHAB	Enhabit	Pair Corr
0.48	ANCR	Animalcare Group Plc	Pair Corr
0.47	ENSG	Ensign Group	Pair Corr
0.79	HCA	HCA Holdings	Pair Corr
0.77	HQY	HealthEquity Earnings Call This Week	Pair Corr
0.76	NEO	NeoGenomics	Pair Corr
0.7	COR	Cencora	Pair Corr
0.67	NHC	National HealthCare	Pair Corr
0.66	NRC	National Research Corp	Pair Corr
0.62	SEM	Select Medical Holdings	Pair Corr
0.61	MCK	McKesson	Pair Corr
0.37	CNC	Centene Corp	Pair Corr
0.34	000950	CQ Pharmaceutical Holding	Pair Corr

Related Correlations Analysis

	MARIF	NTCL	B	ASUR	SNPTF	FREDF
MARIF		-0.51	0.39	0.41	0.25	0.0	MARIF
NTCL	-0.51		-0.68	-0.21	0.18	0.0	NTCL
B	0.39	-0.68		-0.13	-0.54	0.0	B
ASUR	0.41	-0.21	-0.13		0.61	0.0	ASUR
SNPTF	0.25	0.18	-0.54	0.61		0.0	SNPTF
FREDF	0.0	0.0	0.0	0.0	0.0		FREDF
	MARIF	NTCL	B	ASUR	SNPTF	FREDF

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

SNPTF	+ 0.61	ASUR
ASUR	+ 0.41	MARIF
B	+ 0.39	MARIF
SNPTF	+ 0.25	MARIF
SNPTF	+ 0.18	NTCL
FREDF	+ 0.0	MARIF

High negative correlations

B	- 0.68	NTCL
SNPTF	- 0.54	B
NTCL	- 0.51	MARIF
ASUR	- 0.21	NTCL
ASUR	- 0.13	B
FREDF	- 0.0	SNPTF

Risk-Adjusted Indicators

There is a big difference between Concord Stock performing well and Concord Medical 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 Concord Medical'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
MARIF	1.75	0.07	0.04	0.13	1.83	(2.59)	4.85	(2.81)	14.97
NTCL	3.09	(0.69)	0.00	(5.73)	0.00	0.00	5.95	(7.30)	18.59
B	2.28	0.61	0.19	0.81	2.54	(2.55)	5.16	(4.22)	19.00
ASUR	1.77	(0.04)	(0.01)	0.05	1.97	(1.96)	3.59	(3.51)	13.40
SNPTF	0.94	(0.18)	0.00	0.35	0.00	0.00	0.00	(2.84)	27.96
FREDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Concord Medical Corporate Management

Xun Liu	Financial Controller	Profile
Matthew Callister	Chief Medical Officer	Profile
Boxun Zhang	Independent Director	Profile
Yue Yu	Director	Profile

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