HCTI vs UHS: Correlation
How closely do Healthcare Triangle, Inc. (HCTI) and Universal Health Services (UHS) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCTI and UHS?
Across a 3-year window, the weekly returns of HCTI and UHS correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.00) than the 3-year average (-0.23). Stretching to 5 years gives -0.20, with an annualized covariance of -1791.5 %².
UHS is close to the least connected end of HCTI's tracked universe, ranking #12 of 15. The last year tells two different stories: UHS led by 94.5 percentage points, -99.5% for HCTI against -5.0% for UHS. One caveat on sizing: HCTI is 8.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HCTI vs UHS: side by side
| HCTI (Healthcare Triangle, Inc.) | UHS (Universal Health Services) | |
|---|---|---|
| 1-year return | -99.5% | -5.0% |
| 5-year return | -100.0% | +13.5% |
| Volatility (ann.) | 249.0% | 31.1% |
| Beta vs S&P 500 | 0.19 | 0.60 |
| Max drawdown (3Y) | -100.0% | -42.0% |
| Market cap | – | $10.2B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.00% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | HCTI | UHS |
|---|---|---|
| 2022 | -90.1% | +9.4% |
| 2023 | +52.5% | +8.8% |
| 2024 | -64.1% | +18.2% |
| 2025 | -99.7% | +22.0% |
| 2026 | -97.8% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCTI and UHS good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between HCTI and UHS?
The HCTI/UHS correlation stands at -0.23 on a 3-year window (1 year: -0.00, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is UHS a good diversifier for HCTI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: HCTI correlations · UHS correlations
