OPTIMIZERx Corp Correlations

OPRX Stock

USD 8.18 0.15 1.80%

The current 90-days correlation between OPTIMIZERx Corp and National Research Corp is 0.1 (i.e., Average diversification). The correlation of OPTIMIZERx Corp 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.

OPTIMIZERx Corp Correlation With Market

Modest diversification

The correlation between OPTIMIZERx Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OPTIMIZERx Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OPTIMIZERx Corp. 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.

For more information on how to buy OPTIMIZERx Stock please use our How to Invest in OPTIMIZERx Corp guide.

Moving together with OPTIMIZERx Stock

0.75	CAH	Cardinal Health	Pair Corr
0.65	CVS	CVS Health Corp	Pair Corr
0.61	XYLO	Xylo Technologies Symbol Change	Pair Corr
0.64	LNSR	LENSAR Inc	Pair Corr
0.82	MASS	908 Devices	Pair Corr
0.78	MNDR	Mobile health Network	Pair Corr

Moving against OPTIMIZERx Stock

0.7	VMD	Viemed Healthcare	Pair Corr
0.68	COO	Cooper Companies,	Pair Corr
0.67	FIGS	Figs Inc	Pair Corr
0.67	RMD	ResMed Inc Earnings Call This Week	Pair Corr
0.64	AHG	Akso Health Group	Pair Corr
0.61	EMBC	Embecta Corp	Pair Corr
0.61	NRC	National Research Corp	Pair Corr
0.58	TFX	Teleflex Incorporated	Pair Corr
0.56	HAE	Haemonetics	Pair Corr
0.55	DH	Definitive Healthcare	Pair Corr
0.53	ENOV	Enovis Corp	Pair Corr
0.53	XAIR	Beyond Air	Pair Corr
0.45	XTNT	Xtant Medical Holdings	Pair Corr
0.73	MYND	Myndai,	Pair Corr
0.72	GUTS	Fractyl Health, Common	Pair Corr
0.72	MXCT	MaxCyte	Pair Corr
0.71	INFU	InfuSystems Holdings	Pair Corr
0.71	NEOG	Neogen	Pair Corr
0.67	ISRG	Intuitive Surgical	Pair Corr
0.67	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.64	NVST	Envista Holdings Corp	Pair Corr
0.53	WST	West Pharmaceutical Earnings Call This Week	Pair Corr
0.51	GCTK	GlucoTrack	Pair Corr
0.47	ICUI	ICU Medical	Pair Corr
0.43	NYXH	Nyxoah	Pair Corr
0.34	HSTM	HealthStream Earnings Call This Week	Pair Corr

Related Correlations Analysis

	FORA	STRM	ACON	HSTM	MDRX	NRC	DH	NXGN	DOCS
FORA		0.49	0.06	0.66	0.0	0.6	0.74	0.0	0.64	FORA
STRM	0.49		0.52	0.44	0.0	0.87	0.78	0.0	0.26	STRM
ACON	0.06	0.52		-0.09	0.0	0.58	0.38	0.0	-0.3	ACON
HSTM	0.66	0.44	-0.09		0.0	0.31	0.59	0.0	0.64	HSTM
MDRX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	MDRX
NRC	0.6	0.87	0.58	0.31	0.0		0.78	0.0	0.29	NRC
DH	0.74	0.78	0.38	0.59	0.0	0.78		0.0	0.41	DH
NXGN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NXGN
DOCS	0.64	0.26	-0.3	0.64	0.0	0.29	0.41	0.0		DOCS
	FORA	STRM	ACON	HSTM	MDRX	NRC	DH	NXGN	DOCS

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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

NRC	+ 0.87	STRM
DH	+ 0.78	STRM
DH	+ 0.78	NRC
DH	+ 0.74	FORA
HSTM	+ 0.66	FORA
DOCS	+ 0.64	FORA

High negative correlations

DOCS	- 0.3	ACON
HSTM	- 0.09	ACON
DOCS	- 0.0	NXGN
NXGN	- 0.0	DH
NXGN	- 0.0	NRC
DOCS	- 0.0	MDRX

Risk-Adjusted Indicators

There is a big difference between OPTIMIZERx Stock performing well and OPTIMIZERx Corp 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 OPTIMIZERx Corp'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
FORA	3.35	0.07	0.03	0.17	4.25	(4.31)	6.06	(6.16)	48.14
STRM	3.43	(0.45)	0.00	(0.34)	0.00	0.00	6.98	(9.39)	24.72
ACON	13.11	(4.45)	0.00	1.50	0.00	0.00	21.74	(30.69)	204.01
HSTM	1.01	0.12	0.11	0.15	1.34	(0.98)	2.14	(2.09)	6.42
MDRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NRC	2.45	(0.63)	0.00	(1.08)	0.00	0.00	4.03	(6.53)	16.11
DH	3.35	(0.42)	0.00	(0.75)	0.00	0.00	8.37	(8.65)	46.28
NXGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DOCS	3.09	0.15	0.06	(1.71)	3.79	(3.16)	4.93	(6.12)	45.86

OPTIMIZERx Corp Corporate Management

Maira Alejandra	Media Manager	Profile
Heather Favazza	Controller	Profile
Sheryl Kearney	Human Manager	Profile
CMA MBA	CFO COO	Profile
Theresa Greco	Chief Officer	Profile

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