National Healthcare Corp. (NHC) — Stock Correlations & Overview
Over the past year, NHC has moved most closely with HCSG, XHS, SIXS. Explore the stocks most correlated and inversely correlated with NHC below, along with its price, financials, and company profile.
Stocks correlated with NHC
Correlation of daily returns. Higher positive values move with NHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with NHC
| Symbol | Company | Correlation |
|---|---|---|
| HCSG | Healthcare Services GroupSERVICES-NURSING & PERSONAL CARE FACILITIES | 0.47 |
| XHS | State Street SPDR S&P Health Care Services ETF | 0.45 |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 0.38 |
| ADUS | Addus HomeCare Corp.SERVICES-HOME HEALTH CARE SERVICES | 0.37 |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 0.37 |
Most inversely correlated with NHC
| Symbol | Company | Correlation |
|---|---|---|
| AMIX | Autonomix Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.26 |
| SBB | ProShares Short SmallCap600 | -0.25 |
| RXD | ProShares UltraShort Health Care | -0.25 |
| SDD | ProShares UltraShort SmallCap600 | -0.25 |
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.24 |
Frequently asked questions about NHC correlations
- Which stocks are most correlated with NHC?
- Based on one year of daily returns, the stocks most correlated with National Healthcare Corp. (NHC) are HCSG (0.47), XHS (0.45) and SIXS (0.38). 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 NHC?
- Over the past year, the stocks most inversely correlated with National Healthcare Corp. (NHC) are AMIX (-0.26), SBB (-0.25) and RXD (-0.25). 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 NHC correlations calculated?
- We compute the correlation of daily returns between NHC 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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