Mobile Health Correlations

MNDR Stock

1.56 0.07 4.70%

The current 90-days correlation between Mobile health Network and Kestra Medical Technologies, is 0.03 (i.e., Significant diversification). The correlation of Mobile 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mobile Health Correlation With Market

Significant diversification

The correlation between Mobile health Network Solution and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mobile health Network Solution and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mobile Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mobile health Network Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Mobile Stock

0.7

OPRX

OPTIMIZERx Corp

Pair Corr

Moving against Mobile Stock

0.77	HQY	HealthEquity	Pair Corr
0.75	DH	Definitive Healthcare Earnings Call Tomorrow	Pair Corr
0.75	VSEE	VSee Health, Symbol Change	Pair Corr
0.75	WORX	Scworx Corp	Pair Corr
0.74	ONMD	OneMedNet Corp	Pair Corr
0.73	OMCL	Omnicell	Pair Corr
0.7	WEAV	Weave Communications	Pair Corr
0.66	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.61	FOXO	FOXO Technologies	Pair Corr
0.59	FORA	Forian Inc	Pair Corr
0.58	DOCS	Doximity	Pair Corr
0.58	MSPR	MSP Recovery Symbol Change	Pair Corr
0.5	NRC	National Research Corp Earnings Call This Week	Pair Corr
0.44	PHR	Phreesia	Pair Corr
0.42	MGRX	Mangoceuticals, Common	Pair Corr
0.82	ACON	Aclarion	Pair Corr
0.79	WAY	Waystar Holding Corp	Pair Corr
0.77	AMWL	American Well Corp	Pair Corr
0.74	TALKW	Talkspace	Pair Corr
0.68	HCAT	Health Catalyst Earnings Call This Week	Pair Corr
0.68	HSTM	HealthStream	Pair Corr
0.64	GDRX	Goodrx Holdings Earnings Call This Week	Pair Corr
0.62	SLP	Simulations Plus	Pair Corr
0.62	TXG	10X Genomics	Pair Corr
0.6	OWLT	Owlet Inc	Pair Corr
0.58	HCTI	Healthcare Triangle	Pair Corr
0.55	BEATW	Heartbeam Warrant	Pair Corr
0.52	PRVA	Privia Health Group Earnings Call This Week	Pair Corr
0.48	GEHC	GE HealthCare Techno	Pair Corr
0.48	ZCMD	Zhongchao	Pair Corr

Related Correlations Analysis

	CHKIF	LUV	KMTS	POCI	ERFB	NVST
CHKIF		0.08	0.33	-0.24	0.0	-0.29	CHKIF
LUV	0.08		0.04	0.42	0.0	0.41	LUV
KMTS	0.33	0.04		-0.22	0.0	0.02	KMTS
POCI	-0.24	0.42	-0.22		0.0	0.71	POCI
ERFB	0.0	0.0	0.0	0.0		0.0	ERFB
NVST	-0.29	0.41	0.02	0.71	0.0		NVST
	CHKIF	LUV	KMTS	POCI	ERFB	NVST

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

NVST	+ 0.71	POCI
POCI	+ 0.42	LUV
NVST	+ 0.41	LUV
KMTS	+ 0.33	CHKIF
LUV	+ 0.08	CHKIF
KMTS	+ 0.04	LUV

High negative correlations

NVST	- 0.29	CHKIF
POCI	- 0.24	CHKIF
POCI	- 0.22	KMTS
NVST	- 0.0	ERFB
ERFB	- 0.0	POCI
ERFB	- 0.0	KMTS

Risk-Adjusted Indicators

There is a big difference between Mobile Stock performing well and Mobile 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 Mobile 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
CHKIF	1.11	0.03	0.00	(0.38)	0.00	0.00	2.00	(2.38)	29.69
LUV	2.33	(0.01)	0.04	(0.10)	3.83	(2.17)	3.74	(5.93)	25.02
KMTS	3.19	0.30	0.11	1.34	3.39	(3.64)	6.36	(5.75)	23.04
POCI	2.59	(0.28)	0.00	0.86	0.00	0.00	4.47	(6.55)	15.78
ERFB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NVST	2.33	(0.23)	0.00	1.65	0.00	0.00	3.98	(4.99)	16.86

Mobile Health Corporate Management

Seng Siaw	Chief Officer	Profile
Chee Peng	Chief Officer	Profile
Chien Chin	Financial Controller	Profile
Pei Law	Chief Officer	Profile
Kwok Lun	Chief Analyst	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC