Teladoc Correlations

TDOC Stock

USD 5.12 0.04 0.78%

The current 90-days correlation between Teladoc and Schrodinger is 0.6 (i.e., Poor diversification). The correlation of Teladoc 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.

Teladoc Correlation With Market

Excellent diversification

The correlation between Teladoc and DJI is -0.67 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teladoc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Teladoc Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teladoc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For information on how to trade Teladoc Stock refer to our How to Trade Teladoc Stock guide.

Moving together with Teladoc Stock

0.84	GLH	Global Health	Pair Corr
0.83	DH	Definitive Healthcare	Pair Corr
0.91	7XE	NIGHTINGALE HEALTH	Pair Corr
0.93	DOCS	Doximity	Pair Corr
0.95	VEEV	Veeva Systems Class Earnings Call Tomorrow	Pair Corr
0.79	VSEE	VSee Health	Pair Corr
0.93	PME	Pro Medicus	Pair Corr
0.98	4LL	Teladoc	Pair Corr
0.89	EMO	EM Systems	Pair Corr
0.94	EVH	Evolent Health Trending	Pair Corr
0.89	PHR	Phreesia	Pair Corr
0.8	L7T	UNIDOC HEALTH P	Pair Corr
0.78	SLP	Simulations Plus	Pair Corr
0.94	WAY	Waystar Holding Corp	Pair Corr
0.89	GDRX	Goodrx Holdings	Pair Corr
0.87	HCAT	Health Catalyst	Pair Corr
0.89	VHI	Vitalhub Corp	Pair Corr
0.89	HL5	HealthStream	Pair Corr
0.87	HSTM	HealthStream	Pair Corr

Moving against Teladoc Stock

0.77	ALMDT	Mediantechn	Pair Corr
0.67	AJ91	DocCheck AG	Pair Corr
0.63	FDBK	Feedback PLC	Pair Corr
0.63	GZM0	FEEDBACK PLC LS	Pair Corr
0.36	WORX	Scworx Corp	Pair Corr
0.79	DOC	Doctor Care Anywhere	Pair Corr
0.76	CHS	Comprehensive Healthcare	Pair Corr
0.49	KOO	Kooth plc	Pair Corr
0.41	APTOF	DMD Digital Health	Pair Corr

Related Correlations Analysis

	SDGR	OMDA	PHVS	PHR	PGNY	AZTA	EVO	OMCL	NVCR	IMNM
SDGR		0.8	-0.52	0.82	0.9	0.68	-0.42	0.44	0.54	-0.47	SDGR
OMDA	0.8		-0.25	0.91	0.77	0.76	-0.25	0.31	0.45	-0.44	OMDA
PHVS	-0.52	-0.25		-0.33	-0.5	-0.24	0.44	-0.15	-0.2	0.43	PHVS
PHR	0.82	0.91	-0.33		0.74	0.6	-0.44	0.1	0.28	-0.63	PHR
PGNY	0.9	0.77	-0.5	0.74		0.76	-0.3	0.49	0.5	-0.36	PGNY
AZTA	0.68	0.76	-0.24	0.6	0.76		0.09	0.68	0.49	-0.01	AZTA
EVO	-0.42	-0.25	0.44	-0.44	-0.3	0.09		0.27	-0.06	0.55	EVO
OMCL	0.44	0.31	-0.15	0.1	0.49	0.68	0.27		0.65	0.32	OMCL
NVCR	0.54	0.45	-0.2	0.28	0.5	0.49	-0.06	0.65		-0.17	NVCR
IMNM	-0.47	-0.44	0.43	-0.63	-0.36	-0.01	0.55	0.32	-0.17		IMNM
	SDGR	OMDA	PHVS	PHR	PGNY	AZTA	EVO	OMCL	NVCR	IMNM

Please upgrade your account to get full access to Macroaxis premium features

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

PHR	+ 0.91	OMDA
PGNY	+ 0.9	SDGR
PHR	+ 0.82	SDGR
OMDA	+ 0.8	SDGR
PGNY	+ 0.77	OMDA
AZTA	+ 0.76	OMDA

High negative correlations

IMNM	- 0.63	PHR
PHVS	- 0.52	SDGR
PGNY	- 0.5	PHVS
IMNM	- 0.47	SDGR
EVO	- 0.44	PHR
IMNM	- 0.44	OMDA

Risk-Adjusted Indicators

There is a big difference between Teladoc Stock performing well and Teladoc 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 Teladoc'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
SDGR	2.47	(0.61)	0.00	(0.24)	0.00	0.00	4.42	(5.42)	21.90
OMDA	3.03	(0.48)	0.00	(0.64)	0.00	0.00	6.83	(10.52)	19.12
PHVS	2.90	0.15	0.04	0.22	3.34	(3.22)	5.78	(5.72)	27.81
PHR	2.21	(0.59)	0.00	0.57	0.00	0.00	2.77	(4.84)	24.99
PGNY	2.19	(0.63)	0.00	(0.48)	0.00	0.00	3.51	(5.16)	25.79
AZTA	2.17	(0.56)	0.00	(0.36)	0.00	0.00	3.76	(4.80)	29.88
EVO	2.39	0.07	0.03	0.12	2.82	(2.63)	5.02	(4.53)	16.20
OMCL	2.16	0.15	0.04	0.18	3.55	(2.17)	6.48	(4.34)	23.86
NVCR	3.50	0.11	0.04	0.12	4.29	(3.98)	6.92	(8.27)	35.96
IMNM	3.27	0.29	0.07	0.36	4.07	(3.52)	7.47	(6.10)	31.45

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

2026 Macroaxis LLC