Phreesia Correlations

PHR Stock

USD 12.37 0.10 0.81%

The current 90-days correlation between Phreesia and Omada Health Common is 0.21 (i.e., Modest 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

Very good diversification

The correlation between Phreesia and DJI is -0.33 (i.e., Very good 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

0.65	DH	Definitive Healthcare	Pair Corr
0.63	7XE	NIGHTINGALE HEALTH	Pair Corr
0.93	DOCS	Doximity	Pair Corr
0.74	VEEV	Veeva Systems Class Earnings Call Tomorrow	Pair Corr
0.65	PME	Pro Medicus	Pair Corr
0.74	4LL	Teladoc	Pair Corr
0.7	EMO	EM Systems	Pair Corr
0.71	EVH	Evolent Health Trending	Pair Corr
0.61	L7T	UNIDOC HEALTH P	Pair Corr
0.8	SLP	Simulations Plus	Pair Corr
0.65	WAY	Waystar Holding Corp	Pair Corr
0.69	GDRX	Goodrx Holdings	Pair Corr
0.7	VHI	Vitalhub Corp	Pair Corr
0.81	HSTM	HealthStream	Pair Corr

Moving against Phreesia Stock

0.71	ALMDT	Mediantechn	Pair Corr
0.42	GZM0	FEEDBACK PLC LS	Pair Corr
0.41	AJ91	DocCheck AG	Pair Corr
0.4	FDBK	Feedback PLC	Pair Corr
0.37	WORX	Scworx Corp	Pair Corr
0.6	DOC	Doctor Care Anywhere	Pair Corr
0.52	KOO	Kooth plc	Pair Corr
0.47	APTOF	DMD Digital Health	Pair Corr
0.42	CHS	Comprehensive Healthcare	Pair Corr

Related Correlations Analysis

	OMDA	TDOC	SDGR	BLFS	KMTS	OMCL	ESTA	GDRX	NVCR	NEOG
OMDA		0.74	0.8	0.76	-0.28	0.74	-0.43	0.64	0.62	-0.68	OMDA
TDOC	0.74		0.95	0.46	-0.02	0.31	-0.28	0.89	0.48	-0.75	TDOC
SDGR	0.8	0.95		0.55	-0.04	0.47	-0.36	0.9	0.52	-0.76	SDGR
BLFS	0.76	0.46	0.55		-0.01	0.61	-0.03	0.45	0.46	-0.74	BLFS
KMTS	-0.28	-0.02	-0.04	-0.01		-0.35	0.46	0.05	-0.27	-0.12	KMTS
OMCL	0.74	0.31	0.47	0.61	-0.35		-0.39	0.32	0.65	-0.29	OMCL
ESTA	-0.43	-0.28	-0.36	-0.03	0.46	-0.39		-0.3	-0.06	0.01	ESTA
GDRX	0.64	0.89	0.9	0.45	0.05	0.32	-0.3		0.42	-0.67	GDRX
NVCR	0.62	0.48	0.52	0.46	-0.27	0.65	-0.06	0.42		-0.29	NVCR
NEOG	-0.68	-0.75	-0.76	-0.74	-0.12	-0.29	0.01	-0.67	-0.29		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

SDGR	+ 0.95	TDOC
GDRX	+ 0.9	SDGR
GDRX	+ 0.89	TDOC
SDGR	+ 0.8	OMDA
BLFS	+ 0.76	OMDA
TDOC	+ 0.74	OMDA

High negative correlations

NEOG	- 0.76	SDGR
NEOG	- 0.75	TDOC
NEOG	- 0.74	BLFS
NEOG	- 0.68	OMDA
NEOG	- 0.67	GDRX
ESTA	- 0.43	OMDA

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	3.00	(0.30)	0.00	(0.29)	0.00	0.00	6.83	(6.27)	19.12
TDOC	2.40	(0.60)	0.00	(0.26)	0.00	0.00	4.72	(4.84)	16.95
SDGR	2.48	(0.53)	0.00	(0.24)	0.00	0.00	4.42	(5.42)	21.90
BLFS	1.99	(0.39)	0.00	(0.40)	0.00	0.00	3.19	(4.27)	14.59
KMTS	2.54	(0.23)	0.00	(0.33)	0.00	0.00	4.70	(6.80)	20.54
OMCL	2.15	0.15	0.04	0.15	3.51	(2.17)	6.48	(4.34)	23.86
ESTA	2.32	0.04	0.01	0.07	2.99	(2.48)	4.55	(5.74)	13.22
GDRX	2.92	(0.45)	0.00	(0.18)	0.00	0.00	5.43	(7.54)	25.98
NVCR	3.51	0.14	0.04	0.10	4.25	(4.09)	6.92	(8.27)	35.96
NEOG	2.18	1.03	0.60	0.81	0.78	(2.56)	5.56	(2.35)	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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