EWellness Competitors
eWellness Healthcare Corp competes with GE HealthCare, Veeva Systems, Solventum Corp, HealthEquity, and Doximity; as well as few others. The company conducts business under Healthcare sector and is part of Health Information Services industry. Analyzing EWellness Healthcare competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of EWellness Healthcare to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out EWellness Healthcare Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of EWellness Healthcare competition on your existing holdings.
EWellness |
EWellness Healthcare Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between EWellness Healthcare and its competitors represents the degree of relationship between the price movements of corresponding pink sheets. A correlation of about +1.0 implies that the price of EWellness and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of eWellness Healthcare Corp does not affect the price movement of the other competitor.
| -0.23 | 0.3 | -0.38 | -0.15 | GEHC | ||
| -0.23 | 0.49 | 0.44 | 0.5 | VEEV | ||
| 0.3 | 0.49 | 0.41 | 0.34 | SOLV | ||
| -0.38 | 0.44 | 0.41 | 0.81 | HQY | ||
| -0.15 | 0.5 | 0.34 | 0.81 | DOCS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
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Risk-Adjusted Indicators
There is a big difference between EWellness Pink Sheet performing well and EWellness Healthcare 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 EWellness Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEHC | 1.01 | (0.05) | 0.00 | (0.24) | 0.00 | 2.26 | 6.66 | |||
| VEEV | 1.27 | 0.02 | 0.02 | 0.14 | 1.53 | 3.21 | 15.98 | |||
| SOLV | 1.29 | 0.16 | 0.09 | 0.32 | 1.36 | 2.73 | 8.30 | |||
| HQY | 1.59 | 0.29 | 0.22 | 0.28 | 1.40 | 3.46 | 15.16 | |||
| DOCS | 2.14 | 0.38 | 0.14 | 0.45 | 2.31 | 4.53 | 43.10 |
EWellness Healthcare Competitive Analysis
The better you understand EWellness Healthcare competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, EWellness Healthcare's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across EWellness Healthcare's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
EWellness Healthcare Competition Performance Charts
Five steps to successful analysis of EWellness Healthcare Competition
EWellness Healthcare's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by eWellness Healthcare Corp in relation to its competition. EWellness Healthcare's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of EWellness Healthcare in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact EWellness Healthcare's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to eWellness Healthcare Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Complement your EWellness Healthcare position
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Other Information on Investing in EWellness Pink Sheet
EWellness Healthcare financial ratios help investors to determine whether EWellness Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EWellness with respect to the benefits of owning EWellness Healthcare security.