Omnicell Correlations
| OMCL Stock | USD 28.32 0.24 0.85% |
The current 90-days correlation between Omnicell and HealthStream is 0.63 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Omnicell moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omnicell moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Omnicell Correlation With Market
Very weak diversification
The correlation between Omnicell and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omnicell and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Omnicell Stock
| 0.64 | DH | Definitive Healthcare | PairCorr |
| 0.79 | DOCS | Doximity | PairCorr |
| 0.85 | VREX | Varex Imaging Corp | PairCorr |
| 0.61 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.85 | ELMD | Electromed | PairCorr |
| 0.79 | ENOV | Enovis Corp | PairCorr |
| 0.76 | FEMY | Femasys | PairCorr |
| 0.61 | FIGS | Figs Inc | PairCorr |
| 0.84 | SEM | Select Medical Holdings | PairCorr |
| 0.81 | TFX | Teleflex Incorporated | PairCorr |
| 0.79 | VMD | Viemed Healthcare | PairCorr |
| 0.82 | GCTK | GlucoTrack | PairCorr |
| 0.81 | GKOS | Glaukos Corp | PairCorr |
| 0.82 | HCTI | Healthcare Triangle | PairCorr |
| 0.82 | INFU | InfuSystems Holdings | PairCorr |
Moving against Omnicell Stock
| 0.75 | CAH | Cardinal Health | PairCorr |
| 0.5 | CCM | Concord Medical Services | PairCorr |
| 0.7 | HCA | HCA Holdings | PairCorr |
| 0.63 | EHC | Encompass Health Corp | PairCorr |
| 0.61 | MOH | Molina Healthcare | PairCorr |
| 0.31 | THC | Tenet Healthcare | PairCorr |
| 0.87 | MASS | 908 Devices | PairCorr |
| 0.59 | LNSR | LENSAR Inc | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Omnicell Stock performing well and Omnicell 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 Omnicell'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSTM | 1.49 | (0.24) | 0.00 | (0.49) | 0.00 | 2.38 | 22.70 | |||
| NRC | 2.72 | (0.21) | 0.00 | (0.31) | 0.00 | 5.53 | 15.91 | |||
| NXGN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FORA | 4.00 | (0.04) | 0.00 | (0.15) | 0.00 | 9.96 | 48.14 | |||
| AGTI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MDRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DH | 3.51 | (0.44) | 0.00 | (1.00) | 0.00 | 5.68 | 38.17 | |||
| EVH | 2.83 | (0.12) | 0.00 | 0.24 | 0.00 | 5.35 | 23.49 |
Omnicell Corporate Management
| Joseph Spears | Principal Chief Accounting Officer | Profile | |
| Kathleen Nemeth | Senior Relations | Profile | |
| Vicki MacDevitt | Chief Staff | Profile | |
| Sara Dalmasso | Senior International | Profile | |
| Minoo Mortazavi | Senior Operations | Profile |