Acadia Healthcare Company, Inc. (ACHC) — Stock Correlations & Overview
Over the past year, ACHC has moved most closely with XHS, IHF, UNH. Explore the stocks most correlated and inversely correlated with ACHC below, along with its price, financials, and company profile.
Stocks correlated with ACHC
Correlation of daily returns. Higher positive values move with ACHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ACHC
| Symbol | Company | Correlation |
|---|---|---|
| XHS | State Street SPDR S&P Health Care Services ETF | 0.45 |
| IHF | iShares U.S. Healthcare Providers ETF | 0.44 |
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.36 |
| UNHG | Leverage Shares 2X Long UNH Daily ETF | 0.35 |
| CVS | CVS HEALTH CORPORATIONRETAIL-DRUG STORES AND PROPRIETARY STORES | 0.33 |
Most inversely correlated with ACHC
| Symbol | Company | Correlation |
|---|---|---|
| HURN | Huron Consulting Group Inc.SERVICES-MANAGEMENT CONSULTING SERVICES | -0.25 |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -0.24 |
| METD | Direxion Shares ETF Trust Direxion Daily META Bear 1X ETF | -0.23 |
| DOG | ProShares Short Dow30 | -0.22 |
| DXD | ProShares UltraShort Dow 30 | -0.22 |
Frequently asked questions about ACHC correlations
- Which stocks are most correlated with ACHC?
- Based on one year of daily returns, the stocks most correlated with Acadia Healthcare Company, Inc. (ACHC) are XHS (0.45), IHF (0.44) and UNH (0.36). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ACHC?
- Over the past year, the stocks most inversely correlated with Acadia Healthcare Company, Inc. (ACHC) are HURN (-0.25), CRCD (-0.24) and METD (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ACHC correlations calculated?
- We compute the correlation of daily returns between ACHC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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