Alignment Healthcare Correlations

ALHC Stock

USD 22.50 0.42 1.90%

The current 90-days correlation between Alignment Healthcare LLC and GRAIL LLC is 0.16 (i.e., Average diversification). The correlation of Alignment Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Alignment Healthcare Correlation With Market

Very poor diversification

The correlation between Alignment Healthcare LLC and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alignment Healthcare LLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alignment Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alignment Healthcare LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Alignment Stock

0.63	GH	Guardant Health	Pair Corr
0.82	NPTH	NeuPath Health	Pair Corr
0.94	EHAB	Enhabit	Pair Corr
0.63	301293	Sanbo Hospital Management	Pair Corr
0.67	AGL	agilon health	Pair Corr
0.82	RHC	Ramsay Health Care	Pair Corr
0.74	DR	Medical Facilities	Pair Corr
0.68	SHL	Sonic Healthcare	Pair Corr
0.69	002044	Meinian Onehealth	Pair Corr

Moving against Alignment Stock

0.78	EHC	Encompass Health Corp	Pair Corr
0.75	DVA	DaVita HealthCare	Pair Corr
0.63	SPI	Spire Healthcare	Pair Corr
0.62	REG	Regis Healthcare	Pair Corr
0.61	300015	Aier Eye Hospital	Pair Corr
0.61	UHS	Universal Health Services	Pair Corr
0.56	FMS	Fresenius Medical Care	Pair Corr
0.4	301267	Huaxia Eye Hospital	Pair Corr
0.82	PBCRY	Bank Central Asia	Pair Corr
0.71	CCRN	Cross Country Healthcare	Pair Corr
0.7	BMGL	Basel Medical Group	Pair Corr
0.38	ADUS	Addus HomeCare	Pair Corr
0.37	SIG	Sigma Healthcare	Pair Corr
0.34	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	GRAL	OSCR	DYN	NVST	ICUI	SLNO	MIRM	PRVA	RARE	APGE
GRAL		0.22	-0.17	0.57	0.61	-0.32	0.51	-0.15	-0.27	0.51	GRAL
OSCR	0.22		0.24	-0.03	-0.32	0.57	-0.12	0.62	0.16	-0.26	OSCR
DYN	-0.17	0.24		-0.61	-0.59	0.62	-0.54	0.37	0.55	-0.47	DYN
NVST	0.57	-0.03	-0.61		0.72	-0.51	0.81	-0.27	-0.71	0.71	NVST
ICUI	0.61	-0.32	-0.59	0.72		-0.8	0.52	-0.47	-0.46	0.85	ICUI
SLNO	-0.32	0.57	0.62	-0.51	-0.8		-0.5	0.72	0.56	-0.61	SLNO
MIRM	0.51	-0.12	-0.54	0.81	0.52	-0.5		-0.44	-0.77	0.42	MIRM
PRVA	-0.15	0.62	0.37	-0.27	-0.47	0.72	-0.44		0.44	-0.4	PRVA
RARE	-0.27	0.16	0.55	-0.71	-0.46	0.56	-0.77	0.44		-0.4	RARE
APGE	0.51	-0.26	-0.47	0.71	0.85	-0.61	0.42	-0.4	-0.4		APGE
	GRAL	OSCR	DYN	NVST	ICUI	SLNO	MIRM	PRVA	RARE	APGE

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together 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

APGE	+ 0.85	ICUI
MIRM	+ 0.81	NVST
ICUI	+ 0.72	NVST
PRVA	+ 0.72	SLNO
APGE	+ 0.71	NVST
PRVA	+ 0.62	OSCR

High negative correlations

SLNO	- 0.8	ICUI
RARE	- 0.77	MIRM
RARE	- 0.71	NVST
APGE	- 0.61	SLNO
NVST	- 0.61	DYN
ICUI	- 0.59	DYN

Risk-Adjusted Indicators

There is a big difference between Alignment Stock performing well and Alignment 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 Alignment 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
GRAL	4.12	0.43	0.08	2.62	4.26	(4.66)	8.60	(7.32)	30.06
OSCR	3.17	(0.38)	0.00	(0.14)	0.00	0.00	7.00	(7.46)	30.41
DYN	3.99	0.31	0.05	(75.21)	4.71	(5.02)	7.01	(5.90)	58.12
NVST	1.44	0.14	0.11	0.15	1.34	(1.74)	4.08	(2.84)	10.74
ICUI	1.64	0.25	0.17	0.28	1.28	(2.03)	4.44	(2.35)	11.79
SLNO	2.85	(0.63)	0.00	(0.82)	0.00	0.00	5.19	(4.39)	31.78
MIRM	1.98	0.58	0.27	1.21	1.73	(2.35)	4.60	(3.38)	13.83
PRVA	1.41	(0.26)	0.00	(0.13)	0.00	0.00	2.90	(4.16)	10.42
RARE	3.04	(0.33)	0.00	(0.15)	0.00	0.00	7.73	(4.09)	51.23
APGE	1.96	0.37	0.14	0.29	2.43	(2.33)	4.56	(2.64)	23.21

Alignment Healthcare Corporate Management

Lisa Ferrari	Senior California	Profile
Kerry Matsumoto	Senior Product	Profile
Randall Fitzpatrick	Senior Product	Profile
David Milligan	Senior California	Profile
Amanda Root	VP Communications	Profile
Robert Scavo	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC