EHEALTH Correlations

M5V Stock

EUR 4.73 0.07 1.50%

The current 90-days correlation between EHEALTH and G III Apparel Group is 0.03 (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

Modest diversification

The correlation between EHEALTH 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 EHEALTH and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to EHEALTH could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EHEALTH when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EHEALTH - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EHEALTH to buy it.

Moving together with EHEALTH Stock

0.74	APC	Apple Inc	Pair Corr
0.76	APC	Apple Inc	Pair Corr
0.76	APC	Apple Inc	Pair Corr
0.75	APC	Apple Inc	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.85	AMZ	Amazon Inc	Pair Corr
0.88	ADH2	Air Canada	Pair Corr

Moving against EHEALTH Stock

0.69	CXT	Carmat SA	Pair Corr
0.57	DBPD	Xtrackers ShortDAX	Pair Corr
0.5	MTO	Mitie Group PLC	Pair Corr
0.49	MTO	METTLER TOLEDO INTL	Pair Corr
0.48	MTO	METTLER TOLEDO INTL	Pair Corr

Related Correlations Analysis

	FXL	E5M	FR7	LLC	GI4	HYEA	7QG	RYQ
FXL		-0.52	-0.43	0.2	-0.53	-0.28	-0.53	-0.17	FXL
E5M	-0.52		0.6	0.0	0.72	-0.03	0.69	0.8	E5M
FR7	-0.43	0.6		0.16	0.48	0.64	0.59	0.3	FR7
LLC	0.2	0.0	0.16		0.26	0.14	-0.26	0.01	LLC
GI4	-0.53	0.72	0.48	0.26		0.09	0.32	0.44	GI4
HYEA	-0.28	-0.03	0.64	0.14	0.09		0.22	-0.35	HYEA
7QG	-0.53	0.69	0.59	-0.26	0.32	0.22		0.49	7QG
RYQ	-0.17	0.8	0.3	0.01	0.44	-0.35	0.49		RYQ
	FXL	E5M	FR7	LLC	GI4	HYEA	7QG	RYQ

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RYQ	+ 0.8	E5M
GI4	+ 0.72	E5M
7QG	+ 0.69	E5M
HYEA	+ 0.64	FR7
FR7	+ 0.6	E5M
7QG	+ 0.59	FR7

High negative correlations

7QG	- 0.53	FXL
GI4	- 0.53	FXL
E5M	- 0.52	FXL
FR7	- 0.43	FXL
RYQ	- 0.35	HYEA
HYEA	- 0.28	FXL

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
FXL	1.05	(0.11)	0.00	(0.12)	0.00	0.00	2.21	(2.17)	6.42
E5M	1.39	0.18	0.13	0.24	1.36	(1.85)	3.67	(2.90)	11.83
FR7	1.45	0.02	(0.01)	0.15	1.84	(1.48)	3.04	(2.98)	10.32
LLC	1.14	0.08	(0.02)	0.70	1.22	(1.31)	2.46	(2.30)	7.54
GI4	2.14	0.29	0.10	0.57	1.94	(3.09)	4.79	(4.23)	29.51
HYEA	2.15	(0.05)	0.00	(1.32)	0.00	0.00	5.08	(3.45)	22.02
7QG	1.83	(0.02)	(0.04)	0.06	2.10	(2.35)	4.96	(4.05)	11.58
RYQ	2.28	0.12	0.11	0.17	2.14	(3.12)	4.67	(3.62)	26.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in EHEALTH without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Stock Screener Now

Stock Screener

Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.

All Next

Launch Module

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

2024 Macroaxis LLC