EHealth Correlations

EHTH Stock

USD 4.60 0.06 1.32%

The current 90-days correlation between eHealth and GoHealth is 0.09 (i.e., Significant diversification). The correlation of EHealth 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.

EHealth Correlation With Market

Very weak diversification

The correlation between eHealth and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eHealth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EHealth Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.

Moving together with EHealth Stock

0.63	SDF	Steadfast Group	Pair Corr
0.66	HIPO	Hippo Holdings	Pair Corr
0.64	PRHI	Presurance Holdings, Symbol Change	Pair Corr

Moving against EHealth Stock

0.43	ABLLL	Abacus Life, 9875 Symbol Change	Pair Corr
0.41	RYAN	Ryan Specialty Group	Pair Corr
0.38	BWIN	Baldwin Insurance Downward Rally	Pair Corr
0.55	FTI	TechnipFMC PLC	Pair Corr
0.51	KB	KB Financial Group	Pair Corr
0.45	68233JBP8	US68233JBP84	Pair Corr
0.41	BCH	Banco De Chile	Pair Corr
0.4	HIRU	Hiru	Pair Corr
0.38	SHG	Shinhan Financial	Pair Corr
0.38	PFE	Pfizer Inc	Pair Corr
0.36	FEMY	Femasys	Pair Corr

Related Correlations Analysis

	GOCO	INBK	NOAH	FLD	CZWI	RILY	PEBK	UBFO	WHG
GOCO		0.33	0.89	0.5	-0.78	0.73	-0.62	-0.84	-0.37	GOCO
INBK	0.33		0.05	-0.39	0.15	0.33	0.37	-0.02	0.4	INBK
NOAH	0.89	0.05		0.6	-0.89	0.74	-0.82	-0.87	-0.61	NOAH
FLD	0.5	-0.39	0.6		-0.73	0.42	-0.69	-0.66	-0.47	FLD
CZWI	-0.78	0.15	-0.89	-0.73		-0.64	0.92	0.94	0.69	CZWI
RILY	0.73	0.33	0.74	0.42	-0.64		-0.48	-0.65	-0.17	RILY
PEBK	-0.62	0.37	-0.82	-0.69	0.92	-0.48		0.84	0.84	PEBK
UBFO	-0.84	-0.02	-0.87	-0.66	0.94	-0.65	0.84		0.65	UBFO
WHG	-0.37	0.4	-0.61	-0.47	0.69	-0.17	0.84	0.65		WHG
	GOCO	INBK	NOAH	FLD	CZWI	RILY	PEBK	UBFO	WHG

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

UBFO	+ 0.94	CZWI
PEBK	+ 0.92	CZWI
NOAH	+ 0.89	GOCO
UBFO	+ 0.84	PEBK
WHG	+ 0.84	PEBK
RILY	+ 0.74	NOAH

High negative correlations

CZWI	- 0.89	NOAH
UBFO	- 0.87	NOAH
UBFO	- 0.84	GOCO
PEBK	- 0.82	NOAH
CZWI	- 0.78	GOCO
CZWI	- 0.73	FLD

Risk-Adjusted Indicators

There is a big difference between EHealth Stock performing well and EHealth 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 EHealth'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
GOCO	3.44	(1.00)	0.00	(0.48)	0.00	0.00	6.01	(7.12)	28.54
INBK	2.02	(0.24)	0.00	(0.31)	0.00	0.00	3.83	(4.77)	15.47
NOAH	1.39	(0.20)	0.00	(0.15)	0.00	0.00	2.91	(2.29)	12.08
FLD	3.75	0.08	0.00	(0.11)	5.15	(3.93)	5.75	(6.67)	49.21
CZWI	0.87	0.09	0.05	0.20	1.10	(1.02)	1.97	(1.60)	7.35
RILY	5.11	(0.18)	0.00	(0.08)	0.00	0.00	11.24	(8.55)	71.25
PEBK	1.55	0.18	0.09	0.21	1.74	(1.65)	3.66	(3.03)	9.18
UBFO	1.09	0.05	0.04	0.11	1.21	(1.46)	3.25	(3.10)	8.56
WHG	1.29	0.00	(0.01)	0.06	1.75	(1.39)	3.86	(2.66)	8.67

EHealth Corporate Management

Gavin Galimi	General VP	Profile
Kate CFA	Senior Development	Profile
Eli NewbrunMintz	Senior Manager	Profile
John Dolan	Chief Officer	Profile
Bill Billings	Chief Officer	Profile
Bob Rees	Senior Officer	Profile

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