Evolent Health Correlations

EVH Stock

USD 3.95 0.06 1.54%

The current 90-days correlation between Evolent Health and Nutex Health is -0.11 (i.e., Good diversification). The correlation of Evolent Health 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.

Evolent Health Correlation With Market

Modest diversification

The correlation between Evolent Health and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolent Health and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Evolent Stock

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

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

Moving together with Evolent Stock

0.8	DH	Definitive Healthcare	Pair Corr
0.79	OPRX	OPTIMIZERx Corp	Pair Corr

Moving against Evolent Stock

0.83	CASXF	Casa Minerals	Pair Corr
0.82	NAUFF	NevGold Corp	Pair Corr
0.82	FTV	Fortive Corp	Pair Corr
0.8	SHG	Shinhan Financial	Pair Corr
0.79	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.79	KB	KB Financial Group	Pair Corr
0.79	MFG	Mizuho Financial	Pair Corr
0.76	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.75	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.66	DGWPF	Drgerwerk AG	Pair Corr
0.64	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.59	DB	Deutsche Bank AG	Pair Corr
0.57	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.56	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.52	SMXWW	SMX Public Limited	Pair Corr

Related Correlations Analysis

	NUTX	HSTM	AMN	MYGN	REPL	AVBP	MGTX	BFLY	PSNL	KURA
NUTX		-0.72	-0.58	-0.43	0.62	0.55	0.0	0.79	-0.06	0.11	NUTX
HSTM	-0.72		0.8	0.73	-0.56	-0.33	0.28	-0.65	0.36	-0.17	HSTM
AMN	-0.58	0.8		0.73	-0.46	-0.55	0.48	-0.61	0.26	-0.37	AMN
MYGN	-0.43	0.73	0.73		-0.3	-0.07	0.38	-0.45	0.65	0.01	MYGN
REPL	0.62	-0.56	-0.46	-0.3		0.35	0.17	0.4	0.24	0.48	REPL
AVBP	0.55	-0.33	-0.55	-0.07	0.35		-0.06	0.5	0.29	0.64	AVBP
MGTX	0.0	0.28	0.48	0.38	0.17	-0.06		-0.31	0.17	-0.09	MGTX
BFLY	0.79	-0.65	-0.61	-0.45	0.4	0.5	-0.31		-0.02	0.09	BFLY
PSNL	-0.06	0.36	0.26	0.65	0.24	0.29	0.17	-0.02		0.41	PSNL
KURA	0.11	-0.17	-0.37	0.01	0.48	0.64	-0.09	0.09	0.41		KURA
	NUTX	HSTM	AMN	MYGN	REPL	AVBP	MGTX	BFLY	PSNL	KURA

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

AMN	+ 0.8	HSTM
BFLY	+ 0.79	NUTX
MYGN	+ 0.73	HSTM
MYGN	+ 0.73	AMN
PSNL	+ 0.65	MYGN
KURA	+ 0.64	AVBP

High negative correlations

HSTM	- 0.72	NUTX
BFLY	- 0.65	HSTM
BFLY	- 0.61	AMN
AMN	- 0.58	NUTX
REPL	- 0.56	HSTM
AVBP	- 0.55	AMN

Risk-Adjusted Indicators

There is a big difference between Evolent Stock performing well and Evolent Health 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 Evolent Health'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
NUTX	5.67	0.94	0.16	0.84	5.45	(6.75)	13.13	(9.66)	39.99
HSTM	1.17	(0.23)	0.00	1.77	0.00	0.00	2.61	(2.47)	6.59
AMN	2.07	(0.37)	0.00	(8.25)	0.00	0.00	5.56	(4.02)	18.59
MYGN	2.47	(0.24)	0.00	1.05	0.00	0.00	4.74	(3.80)	25.56
REPL	4.62	1.32	0.37	0.69	2.84	(5.69)	6.02	(5.07)	108.39
AVBP	2.85	(0.01)	(0.01)	0.07	3.34	(3.26)	6.31	(5.62)	18.29
MGTX	2.81	(0.26)	0.00	(0.07)	0.00	0.00	6.05	(5.54)	18.08
BFLY	5.40	1.03	0.16	(1.09)	4.86	(6.77)	14.22	(9.68)	42.22
PSNL	4.66	0.37	0.04	(0.33)	4.87	(5.53)	14.66	(8.78)	34.32
KURA	3.24	0.03	0.02	0.09	3.36	(3.83)	6.96	(4.87)	22.15

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