Phreesia Correlations

PHR Stock

USD 15.00 0.72 4.58%

The current 90-days correlation between Phreesia and Omada Health Common is 0.12 (i.e., Average diversification). The correlation of Phreesia 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.

Phreesia Correlation With Market

Excellent diversification

The correlation between Phreesia and DJI is -0.66 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phreesia and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Phreesia Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phreesia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

To learn how to invest in Phreesia Stock, please use our How to Invest in Phreesia guide.

Moving together with Phreesia Stock

0.84	GLH	Global Health	Pair Corr
0.81	DH	Definitive Healthcare	Pair Corr
0.82	VSEE	VSee Health	Pair Corr
0.74	EVH	Evolent Health Downward Rally	Pair Corr
0.63	SHG	Singular Health Group	Pair Corr
0.87	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.89	NIO	Nio Class A	Pair Corr
0.68	AFFL	Affiliated Resources Corp	Pair Corr

Moving against Phreesia Stock

0.92	ONE	Oneview Healthcare Plc	Pair Corr
0.89	M7T	MACH7 Technologies	Pair Corr
0.62	F	Ford Motor Earnings Call This Week	Pair Corr
0.47	300550	Heren Health	Pair Corr
0.31	INSP	Inspire Medical Systems	Pair Corr
0.88	GMRE	Global Medical REIT	Pair Corr
0.87	CDR-PC	Cedar Realty Trust	Pair Corr
0.78	FNV	Franco Nevada	Pair Corr
0.74	BZQIF	Bezeq The Israel	Pair Corr
0.73	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.69	RIVN	Rivian Automotive	Pair Corr
0.69	MRNA	Moderna Aggressive Push	Pair Corr
0.68	RTO	Rentokil Initial PLC	Pair Corr
0.52	CMCSA	Comcast Corp Earnings Call This Week	Pair Corr
0.51	JBTC	Jonestown Bank Normal Trading	Pair Corr
0.4	CAAS	China Automotive Systems	Pair Corr
0.39	CMTNF	Cullinan Metals Corp	Pair Corr
0.92	KNCAY	Konica Minolta	Pair Corr
0.88	FFMH	First Farmers	Pair Corr

Related Correlations Analysis

	OMDA	TDOC	SDGR	BLFS	KMTS	OMCL	ESTA	GDRX	NVCR	NEOG
OMDA		0.71	0.73	0.81	0.35	-0.85	-0.9	0.91	-0.18	-0.49	OMDA
TDOC	0.71		0.87	0.76	0.47	-0.66	-0.62	0.8	0.07	-0.57	TDOC
SDGR	0.73	0.87		0.74	0.4	-0.51	-0.7	0.88	0.31	-0.3	SDGR
BLFS	0.81	0.76	0.74		0.48	-0.66	-0.72	0.77	0.05	-0.42	BLFS
KMTS	0.35	0.47	0.4	0.48		-0.45	-0.1	0.35	-0.06	-0.5	KMTS
OMCL	-0.85	-0.66	-0.51	-0.66	-0.45		0.65	-0.73	0.49	0.84	OMCL
ESTA	-0.9	-0.62	-0.7	-0.72	-0.1	0.65		-0.86	-0.02	0.25	ESTA
GDRX	0.91	0.8	0.88	0.77	0.35	-0.73	-0.86		0.07	-0.4	GDRX
NVCR	-0.18	0.07	0.31	0.05	-0.06	0.49	-0.02	0.07		0.6	NVCR
NEOG	-0.49	-0.57	-0.3	-0.42	-0.5	0.84	0.25	-0.4	0.6		NEOG
	OMDA	TDOC	SDGR	BLFS	KMTS	OMCL	ESTA	GDRX	NVCR	NEOG

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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

GDRX	+ 0.91	OMDA
GDRX	+ 0.88	SDGR
SDGR	+ 0.87	TDOC
NEOG	+ 0.84	OMCL
BLFS	+ 0.81	OMDA
GDRX	+ 0.8	TDOC

High negative correlations

ESTA	- 0.9	OMDA
GDRX	- 0.86	ESTA
OMCL	- 0.85	OMDA
GDRX	- 0.73	OMCL
ESTA	- 0.72	BLFS
ESTA	- 0.7	SDGR

Risk-Adjusted Indicators

There is a big difference between Phreesia Stock performing well and Phreesia 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 Phreesia'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
OMDA	2.91	(0.65)	0.00	(0.63)	0.00	0.00	4.61	(7.13)	18.33
TDOC	2.42	(0.59)	0.00	(0.21)	0.00	0.00	4.17	(5.44)	17.21
SDGR	2.23	(0.53)	0.00	(0.25)	0.00	0.00	3.89	(4.69)	15.05
BLFS	1.71	(0.24)	0.00	(0.09)	0.00	0.00	4.07	(4.03)	13.90
KMTS	2.50	(0.14)	0.00	(0.03)	0.00	0.00	4.59	(7.02)	20.54
OMCL	1.93	0.69	0.44	0.78	0.98	(2.43)	6.48	(2.43)	17.09
ESTA	2.65	0.45	0.13	0.93	2.77	(3.20)	4.75	(5.80)	30.17
GDRX	1.79	(0.68)	0.00	(1.85)	0.00	0.00	2.86	(3.90)	7.49
NVCR	2.51	(0.21)	0.00	(0.02)	0.00	0.00	4.95	(4.90)	14.06
NEOG	2.64	0.76	0.30	0.47	2.01	(3.20)	5.96	(3.70)	34.17

Phreesia Corporate Management

Michael Davidoff	Senior Vice President - Marketing and Business Development	Profile
Scott Perricelli	Independent Director	Profile
Charles Kallenbach	General Counsel, Secretary	Profile
Nick Kemske	Chief Officer	Profile

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