Health In Correlations

HIT Stock

1.67 0.10 6.37%

The current 90-days correlation between Health In Tech and Expensify is -0.11 (i.e., Good diversification). The correlation of Health In 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Health In Correlation With Market

Good diversification

The correlation between Health In Tech and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Health In Tech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Health Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Health In Tech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Health Stock

0.78	AJG	Arthur J Gallagher	Pair Corr
0.77	BRO	Brown Brown	Pair Corr
0.67	CCG	Cheche Group Class	Pair Corr
0.84	SDF	Steadfast Group	Pair Corr
0.68	HIPO	Hippo Holdings Normal Trading	Pair Corr
0.84	PRHI	Presurance Holdings Symbol Change	Pair Corr
0.87	AIFU	Fanhua Inc	Pair Corr

Moving against Health Stock

0.66	GSHD	Goosehead Insurance	Pair Corr
0.53	RELIW	Reliance Global Group	Pair Corr
0.88	GAP	Gap	Pair Corr
0.77	ENTA	Enanta Pharmaceuticals	Pair Corr
0.76	PTAIY	Astra International Tbk	Pair Corr
0.69	PUTKY	United Tractors Tbk	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.66	UNIB	University Bancorp Normal Trading	Pair Corr
0.59	BRZE	Braze Inc	Pair Corr
0.52	PKX	POSCO Holdings	Pair Corr
0.52	GSVRF	Guanajuato Silver	Pair Corr
0.48	TE	T1 Energy Symbol Change	Pair Corr
0.47	PHJMF	PT Hanjaya Mandala	Pair Corr
0.39	ANLBF	Aton Resources	Pair Corr
0.38	HTFB	Horizon Technology	Pair Corr

Related Correlations Analysis

	EXFY	DSP	TROO	XTKG	TEAD	LAWR	SVCO	ARAI	STEM	CCRD
EXFY		-0.48	-0.28	0.27	0.76	-0.57	0.7	0.64	0.75	0.38	EXFY
DSP	-0.48		0.55	-0.44	-0.79	0.51	-0.8	-0.84	-0.6	-0.5	DSP
TROO	-0.28	0.55		-0.81	-0.29	0.19	-0.26	-0.52	-0.18	-0.76	TROO
XTKG	0.27	-0.44	-0.81		0.19	-0.05	0.21	0.44	0.19	0.45	XTKG
TEAD	0.76	-0.79	-0.29	0.19		-0.6	0.95	0.82	0.79	0.45	TEAD
LAWR	-0.57	0.51	0.19	-0.05	-0.6		-0.56	-0.45	-0.59	-0.23	LAWR
SVCO	0.7	-0.8	-0.26	0.21	0.95	-0.56		0.84	0.81	0.36	SVCO
ARAI	0.64	-0.84	-0.52	0.44	0.82	-0.45	0.84		0.81	0.55	ARAI
STEM	0.75	-0.6	-0.18	0.19	0.79	-0.59	0.81	0.81		0.26	STEM
CCRD	0.38	-0.5	-0.76	0.45	0.45	-0.23	0.36	0.55	0.26		CCRD
	EXFY	DSP	TROO	XTKG	TEAD	LAWR	SVCO	ARAI	STEM	CCRD

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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

SVCO	+ 0.95	TEAD
ARAI	+ 0.84	SVCO
ARAI	+ 0.82	TEAD
STEM	+ 0.81	SVCO
STEM	+ 0.81	ARAI
STEM	+ 0.79	TEAD

High negative correlations

ARAI	- 0.84	DSP
XTKG	- 0.81	TROO
SVCO	- 0.8	DSP
TEAD	- 0.79	DSP
CCRD	- 0.76	TROO
LAWR	- 0.6	TEAD

Risk-Adjusted Indicators

There is a big difference between Health Stock performing well and Health In 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 Health In'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
EXFY	2.43	(0.35)	0.00	(0.20)	0.00	0.00	4.83	(5.03)	15.79
DSP	2.55	0.37	0.18	0.22	2.25	(3.11)	5.91	(4.71)	25.80
TROO	4.96	1.93	0.45	1.98	3.40	(7.07)	13.53	(6.15)	32.69
XTKG	8.01	(3.07)	0.00	(1.52)	0.00	0.00	10.81	(19.23)	110.45
TEAD	5.89	(1.18)	0.00	(0.22)	0.00	0.00	10.97	(9.76)	57.23
LAWR	0.84	0.15	0.03	0.79	0.99	(3.63)	2.73	(2.81)	9.95
SVCO	3.53	(0.41)	0.00	(0.08)	0.00	0.00	5.56	(9.11)	17.51
ARAI	5.70	(0.46)	0.00	(0.04)	0.00	0.00	11.34	(11.80)	47.22
STEM	5.84	(0.40)	0.00	(0.01)	0.00	0.00	15.07	(12.15)	42.88
CCRD	1.55	(0.17)	0.00	(0.58)	0.00	0.00	3.18	(2.96)	16.08

Health In Corporate Management

Del Lockett	Chief Officer	Profile
Glenn Hillyer	Senior Relations	Profile
Jennifer Guerrica	Chief Officer	Profile
Lori Babcock	Chief Staff	Profile
Michael Clarkson	Chief Officer	Profile

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