DaVita HealthCare Correlations

DVA
 Stock
  

USD 73.73  0.61  0.82%   

The correlation of DaVita HealthCare is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DaVita HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DaVita HealthCare Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Continue to Investing Opportunities.
  
The ability to find closely correlated positions to DaVita HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DaVita HealthCare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DaVita HealthCare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DaVita HealthCare Partners to buy it.

Moving together with DaVita HealthCare

+0.7ALGNAlign TechnologyPairCorr
+0.69BAXBaxter InternationalPairCorr
+0.9EWEdwards Lifesciences CorpPairCorr
+0.61MDMednax IncPairCorr

Moving against DaVita HealthCare

-0.82MMSIMerit Medical SystemsPairCorr
-0.76DXCMDexCom IncPairCorr
-0.74DGXQuest DiagnosticsPairCorr
-0.71ISRGIntuitive SurgicalPairCorr
-0.7ABCAmerisourceBergenPairCorr
-0.65AMNAMN Healthcare ServicesPairCorr
-0.6HSICHenry ScheinPairCorr
-0.54HCAHCA HoldingsPairCorr
-0.54LHLaboratoryPairCorr

Related Correlations

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
ALGNAEMD
ANGOAMEH
ANGOAEMD
ANGOALGN
AMEHAEMD
ACETABMD
  
High negative correlations   
ANGOACET
AEMDABMD
AMEHABMD
ANGOABMD
ALGNABMD
AEMDACET

DaVita HealthCare Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between DaVita Stock performing well and DaVita HealthCare company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze DaVita HealthCare's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ABMD 2.23  0.64  0.32  0.84  1.24  0.1 (2.62)  3.47 (3.56)  51.02 
ABT 1.33  0.00  0.00  0.10  1.71 (0.0027) (1.39)  2.87 (2.23)  10.13 
ACET 3.59  0.45  0.09  0.48  4.75  0.10 (3.76)  6.45 (8.00)  22.53 
AEMD 3.63 (1.30)  0.00 (0.81)  0.00 (0.27)  0.00  6.25 (8.00)  24.14 
ALGN 2.92 (0.41)  0.00 (0.12)  0.00 (0.08)  0.00  4.87 (5.42)  24.71 
AMEH 2.65 (0.69)  0.00 (0.45)  0.00 (0.18)  0.00  5.14 (6.11)  23.62 
ANGO 2.76 (0.95)  0.00 (0.62)  0.00 (0.23)  0.00  4.45 (8.30)  24.63 

Be your own money manager

Our tools can tell you how much better you can do entering a position in DaVita HealthCare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Fund Screener Now

   

Fund Screener

Find actively-traded funds from around the world traded on over 30 global exchanges
All  Next Launch Module

DaVita HealthCare Corporate Directors

DaVita HealthCare corporate directors refer to members of a DaVita HealthCare board of directors. The board of directors generally takes responsibility for the DaVita HealthCare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of DaVita HealthCare's board members must vote for the resolution. The DaVita HealthCare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Paul Diaz - Independent DirectorProfile
John Nehra - Independent DirectorProfile
Peter Grauer - Lead Independent DirectorProfile
Phyllis Yale - Independent DirectorProfile

Invested in DaVita HealthCare Partners?

The danger of trading DaVita HealthCare Partners is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DaVita HealthCare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DaVita HealthCare. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DaVita HealthCare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Investing Opportunities. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for analysis

When running DaVita HealthCare price analysis, check to measure DaVita HealthCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DaVita HealthCare is operating at the current time. Most of DaVita HealthCare's value examination focuses on studying past and present price action to predict the probability of DaVita HealthCare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move DaVita HealthCare's price. Additionally, you may evaluate how the addition of DaVita HealthCare to your portfolios can decrease your overall portfolio volatility.
CEO Directory
Screen CEOs from public companies around the world
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Go
Is DaVita HealthCare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DaVita HealthCare. If investors know DaVita will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DaVita HealthCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.52) 
Market Capitalization
6.6 B
Quarterly Revenue Growth YOY
0.004
Return On Assets
0.0522
Return On Equity
0.37
The market value of DaVita HealthCare is measured differently than its book value, which is the value of DaVita that is recorded on the company's balance sheet. Investors also form their own opinion of DaVita HealthCare's value that differs from its market value or its book value, called intrinsic value, which is DaVita HealthCare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DaVita HealthCare's market value can be influenced by many factors that don't directly affect DaVita HealthCare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DaVita HealthCare's value and its price as these two are different measures arrived at by different means. Investors typically determine DaVita HealthCare value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DaVita HealthCare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.