Forian Correlations

Forian Correlation With Market

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forian Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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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    GEHC + 0.91 DOCS GDRX + 0.88 PGNY SDGR + 0.86 PGNY CERT + 0.82 GDRX SDGR + 0.78 GDRX CERT + 0.75 PGNY

High negative correlations    CERT - 0.85 DOCS DOCS - 0.84 PGNY GEHC - 0.83 PGNY DOCS - 0.8 GDRX GEHC - 0.77 GDRX CERT - 0.76 GEHC

Risk-Adjusted Indicators

There is a big difference between Forian Stock performing well and Forian 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 Forian'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.