EHealth Correlations

M5V Stock

EUR 1.25 0.05 3.85%

The current 90-days correlation between eHealth and Alphabet Class A is 0.12 (i.e., Average 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

Excellent diversification

The correlation between eHealth and DJI is -0.52 (i.e., Excellent 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

0.68	BYRA	BANK RAKYAT IND Earnings Call This Week	Pair Corr
0.66	BZG2	BANK CENTRAL ASIA	Pair Corr
0.69	BZG2	PT Bank Central	Pair Corr
0.62	7YC	Synthomer plc	Pair Corr

Moving against EHealth Stock

0.94	TOTB	TotalEnergies SE	Pair Corr
0.92	NNGF	National Grid PLC	Pair Corr
0.9	6UX	ML SYSTEM SA	Pair Corr
0.89	RY6	Realty Income Earnings Call This Week	Pair Corr
0.87	ABJA	ABB	Pair Corr
0.86	BK8N	BEKAERT Earnings Call This Week	Pair Corr
0.85	DZR	AVINGTRANS LS 05 Earnings Call This Week	Pair Corr
0.78	BHP1	BHP Group Limited	Pair Corr
0.74	SVM	Sovereign Metals	Pair Corr
0.71	W25	West African Resources	Pair Corr
0.71	UEO	Westlake Chemical Earnings Call This Week	Pair Corr
0.7	3RKU	RYOHIN UNSPADR1	Pair Corr
0.69	O7D	Arctic Fox Lithium	Pair Corr
0.67	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.65	YT1	SMOOTH ROCK VENTURES Split	Pair Corr
0.55	YEC0	YASKAWA ELEC UNSP	Pair Corr
0.54	GUV	Graphisoft Park SE	Pair Corr
0.5	2SF	Sparebank 1 Ostlandet	Pair Corr
0.44	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.37	GEH	Cembra Money Bank	Pair Corr
0.37	SEH0	Shin Etsu Chemical	Pair Corr
0.32	PQ9	BANK MANDIRI	Pair Corr
0.31	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.91	8SF	SLIGRO FOOD GROUP	Pair Corr
0.87	YA1	Yancoal Australia Earnings Call This Week	Pair Corr
0.82	L3XB	Centrais Elétricas Earnings Call This Week	Pair Corr
0.82	UNC	UCB SA Earnings Call This Week	Pair Corr
0.81	TEG	TAG Immobilien AG	Pair Corr
0.81	CIN	COMINTL BK GDR Split	Pair Corr
0.78	MNZ	GATTACA PLC LS	Pair Corr
0.77	MSGL	msg life ag	Pair Corr

Related Correlations Analysis

	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA
NVDG		0.48	0.7	-0.21	-0.28	-0.27	0.02	0.05	0.05	-0.02	NVDG
NVD	0.48		0.72	-0.28	-0.27	-0.26	-0.12	0.01	0.02	-0.14	NVD
NVD	0.7	0.72		-0.27	-0.27	-0.22	0.02	0.1	0.11	-0.01	NVD
APC8	-0.21	-0.28	-0.27		0.83	0.89	-0.29	-0.38	-0.38	-0.26	APC8
APC	-0.28	-0.27	-0.27	0.83		0.96	-0.26	-0.31	-0.31	-0.25	APC
APC	-0.27	-0.26	-0.22	0.89	0.96		-0.26	-0.32	-0.32	-0.24	APC
ABEC	0.02	-0.12	0.02	-0.29	-0.26	-0.26		0.94	0.94	0.99	ABEC
ABEC	0.05	0.01	0.1	-0.38	-0.31	-0.32	0.94		1.0	0.93	ABEC
ABEA	0.05	0.02	0.11	-0.38	-0.31	-0.32	0.94	1.0		0.93	ABEA
ABEA	-0.02	-0.14	-0.01	-0.26	-0.25	-0.24	0.99	0.93	0.93		ABEA
	NVDG	NVD	NVD	APC8	APC	APC	ABEC	ABEC	ABEA	ABEA

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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

ABEA	+ 1.0	ABEC
ABEA	+ 0.99	ABEC
APC	+ 0.96	APC
ABEC	+ 0.94	ABEC
ABEA	+ 0.94	ABEC
ABEA	+ 0.93	ABEC

High negative correlations

ABEA	- 0.38	APC8
ABEC	- 0.38	APC8
ABEA	- 0.32	APC
ABEC	- 0.32	APC
ABEA	- 0.31	APC
ABEC	- 0.31	APC

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
NVDG	2.03	(0.06)	0.00	(0.18)	0.00	0.00	4.18	(5.13)	12.01
NVD	1.46	(0.01)	0.00	0.14	0.00	0.00	3.36	(3.90)	8.65
NVD	1.59	(0.06)	(0.03)	0.01	1.92	(1.60)	3.11	(3.15)	11.01
APC8	1.22	(0.03)	0.00	0.21	0.00	0.00	3.64	(2.59)	9.65
APC	1.05	(0.09)	0.00	(0.62)	0.00	0.00	2.62	(2.11)	7.96
APC	1.03	(0.14)	0.00	(0.11)	0.00	0.00	2.43	(2.51)	9.28
ABEC	1.22	0.09	0.03	0.31	1.21	(1.42)	2.78	(2.27)	7.95
ABEC	1.32	0.16	0.07	0.79	1.24	(1.67)	3.10	(2.46)	7.76
ABEA	1.32	0.16	0.07	0.83	1.28	(1.53)	3.22	(2.46)	8.07
ABEA	1.27	0.10	0.03	0.71	1.33	(1.43)	2.93	(2.44)	9.71

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.

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EHealth Corporate Management

Elected by the shareholders, the EHealth's board of directors comprises two types of representatives: EHealth inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EHealth. The board's role is to monitor EHealth's management team and ensure that shareholders' interests are well served. EHealth's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EHealth's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kate CFA	Senior Development	Profile
Eli NewbrunMintz	Senior Manager	Profile
Michael Goldberg	Independent Director	Profile
John Dolan	Chief Officer	Profile
Bill Billings	Chief Officer	Profile

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