MEDIFAST INC Correlations

MED Stock

USD 13.12 0.37 2.90%

The current 90-days correlation between MEDIFAST INC and Carriage Services is 0.26 (i.e., Modest diversification). The correlation of MEDIFAST INC 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.

MEDIFAST INC Correlation With Market

Modest diversification

The correlation between MEDIFAST INC and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEDIFAST INC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MEDIFAST Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MEDIFAST 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 income.

For information on how to trade MEDIFAST Stock refer to our How to Trade MEDIFAST Stock guide.

Moving together with MEDIFAST Stock

0.78	EL	Estee Lauder Companies	Pair Corr
0.87	UG	United Guardian	Pair Corr
0.76	WALD	Waldencast Acquisition	Pair Corr
0.76	WALDW	Waldencast Acquisition	Pair Corr
0.85	EWCZ	European Wax Center	Pair Corr
0.71	CENTA	Central Garden Pet	Pair Corr
0.7	CLX	Clorox	Pair Corr
0.77	ELF	ELF Beauty	Pair Corr
0.86	NWL	Newell Brands Buyout Trend	Pair Corr
0.88	SPB	Spectrum Brands Holdings	Pair Corr
0.87	GROV	Virgin Group Acquisition	Pair Corr
0.82	HELE	Helen of Troy Buyout Trend	Pair Corr
0.84	HNST	Honest Company	Pair Corr
0.84	IPAR	Inter Parfums	Pair Corr
0.85	LFVN	Lifevantage	Pair Corr
0.89	NAII	Natural Alternatives	Pair Corr
0.78	NATR	Natures Sunshine Products	Pair Corr
0.74	DSYWW	Big Tree Cloud	Pair Corr
0.8	SKIN	Beauty Health	Pair Corr
0.78	TANH	Tantech Holdings	Pair Corr

Moving against MEDIFAST Stock

0.81	UL	Unilever PLC ADR	Pair Corr
0.62	CL	Colgate Palmolive	Pair Corr
0.83	PHH	Park Ha Biological	Pair Corr
0.36	KVUE	Kenvue Inc	Pair Corr

Related Correlations Analysis

	ROL	CSV	SCI	BFAM	HRB	DSEY	MCW	TRNR	EM
ROL		0.05	-0.01	-0.18	0.89	0.0	-0.41	-0.56	-0.72	ROL
CSV	0.05		0.02	0.26	0.06	0.0	-0.01	-0.1	0.29	CSV
SCI	-0.01	0.02		0.47	-0.16	0.0	0.33	0.29	0.22	SCI
BFAM	-0.18	0.26	0.47		-0.4	0.0	0.66	0.39	0.49	BFAM
HRB	0.89	0.06	-0.16	-0.4		0.0	-0.61	-0.58	-0.75	HRB
DSEY	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	DSEY
MCW	-0.41	-0.01	0.33	0.66	-0.61	0.0		0.63	0.65	MCW
TRNR	-0.56	-0.1	0.29	0.39	-0.58	0.0	0.63		0.57	TRNR
EM	-0.72	0.29	0.22	0.49	-0.75	0.0	0.65	0.57		EM
	ROL	CSV	SCI	BFAM	HRB	DSEY	MCW	TRNR	EM

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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

HRB	+ 0.89	ROL
MCW	+ 0.66	BFAM
EM	+ 0.65	MCW
TRNR	+ 0.63	MCW
EM	+ 0.57	TRNR
EM	+ 0.49	BFAM

High negative correlations

EM	- 0.75	HRB
EM	- 0.72	ROL
MCW	- 0.61	HRB
TRNR	- 0.58	HRB
TRNR	- 0.56	ROL
MCW	- 0.41	ROL

Risk-Adjusted Indicators

There is a big difference between MEDIFAST Stock performing well and MEDIFAST INC 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 MEDIFAST INC'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
ROL	1.10	0.21	0.14	0.35	1.58	(1.10)	2.06	(2.29)	10.24
CSV	1.16	0.04	0.05	0.02	1.51	(1.18)	2.28	(2.53)	7.04
SCI	1.41	0.05	0.04	0.02	2.09	(1.39)	3.76	(4.08)	12.64
BFAM	1.71	0.11	0.05	0.03	2.20	(1.65)	3.04	(4.34)	14.35
HRB	1.52	0.14	0.08	0.26	2.15	(1.55)	3.45	(4.68)	10.39
DSEY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCW	2.01	0.12	0.05	0.03	2.24	(2.50)	6.58	(3.40)	16.01
TRNR	8.22	(0.33)	0.00	(0.24)	0.00	0.00	20.00	(15.74)	94.04
EM	1.01	(0.07)	0.00	(0.50)	0.00	0.00	2.78	(1.87)	7.38

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