Health In Correlations

HIT Stock

1.06 0.04 3.64%

The current 90-days correlation between Health In Tech and Expensify is -0.07 (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

Very good diversification

The correlation between Health In Tech and DJI is -0.3 (i.e., Very 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

0.82	HIPO	Hippo Holdings	Pair Corr
0.63	PRHI	Presurance Holdings Symbol Change	Pair Corr
0.71	AIFU	Fanhua Inc	Pair Corr
0.69	NVDA	NVIDIA	Pair Corr
0.65	AMZN	Amazon Inc	Pair Corr

Moving against Health Stock

0.64	GOOG	Alphabet Class C	Pair Corr
0.63	BMYMP	Bristol Myers Squibb	Pair Corr
0.6	INDV	Indivior PLC Ordinary Earnings Call This Week	Pair Corr
0.57	REPX	Riley Exploration Permian	Pair Corr
0.56	UNF	Unifirst	Pair Corr
0.46	CLKXF	TWC Enterprises	Pair Corr
0.44	HL	Hecla Mining	Pair Corr
0.32	COCCF	Coast Copper Corp	Pair Corr

Related Correlations Analysis

	EXFY	DSP	TROO	XTKG	TEAD	LAWR	SVCO	ARAI	STEM	CCRD
EXFY		-0.1	-0.52	0.49	0.36	0.0	0.14	0.5	0.22	0.39	EXFY
DSP	-0.1		0.65	-0.63	-0.56	0.0	-0.41	-0.77	0.04	-0.22	DSP
TROO	-0.52	0.65		-0.91	-0.35	0.0	-0.1	-0.82	0.05	-0.52	TROO
XTKG	0.49	-0.63	-0.91		0.24	0.0	0.08	0.78	0.01	0.44	XTKG
TEAD	0.36	-0.56	-0.35	0.24		0.0	0.74	0.6	0.28	0.27	TEAD
LAWR	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	LAWR
SVCO	0.14	-0.41	-0.1	0.08	0.74	0.0		0.48	0.51	0.27	SVCO
ARAI	0.5	-0.77	-0.82	0.78	0.6	0.0	0.48		0.32	0.61	ARAI
STEM	0.22	0.04	0.05	0.01	0.28	0.0	0.51	0.32		0.25	STEM
CCRD	0.39	-0.22	-0.52	0.44	0.27	0.0	0.27	0.61	0.25		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

ARAI	+ 0.78	XTKG
SVCO	+ 0.74	TEAD
TROO	+ 0.65	DSP
CCRD	+ 0.61	ARAI
ARAI	+ 0.6	TEAD
STEM	+ 0.51	SVCO

High negative correlations

XTKG	- 0.91	TROO
ARAI	- 0.82	TROO
ARAI	- 0.77	DSP
XTKG	- 0.63	DSP
TEAD	- 0.56	DSP
CCRD	- 0.52	TROO

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	2.38	(0.24)	0.00	(0.17)	0.00	0.00	4.83	(4.17)	15.27
DSP	2.60	0.43	0.13	2.45	2.75	(2.95)	5.03	(5.36)	28.10
TROO	5.51	1.73	0.30	0.73	4.99	(6.93)	13.53	(9.09)	41.09
XTKG	13.40	(1.09)	0.00	1.21	0.00	0.00	24.24	(34.15)	160.00
TEAD	6.13	(0.99)	0.00	(0.22)	0.00	0.00	10.94	(9.76)	54.35
LAWR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SVCO	3.27	(0.75)	0.00	(0.28)	0.00	0.00	5.80	(8.30)	15.65
ARAI	4.35	(1.93)	0.00	(0.52)	0.00	0.00	5.35	(11.80)	20.70
STEM	4.46	(0.72)	0.00	(0.15)	0.00	0.00	8.29	(10.06)	27.42
CCRD	1.55	(0.14)	0.00	0.52	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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