Ehealth Stock Market Value
| EHTH Stock | USD 5.00 0.05 1.01% |
| Symbol | EHealth |
eHealth Price To Book Ratio
Is Insurance Brokers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EHealth. If investors know EHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.108 | Earnings Share (2.62) | Revenue Per Share 16.016 | Quarterly Revenue Growth (0.1) | Return On Assets (0.01) |
The market value of eHealth is measured differently than its book value, which is the value of EHealth that is recorded on the company's balance sheet. Investors also form their own opinion of EHealth's value that differs from its market value or its book value, called intrinsic value, which is EHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EHealth's market value can be influenced by many factors that don't directly affect EHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if EHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
EHealth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to EHealth's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of EHealth.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in EHealth on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding eHealth or generate 0.0% return on investment in EHealth over 30 days. EHealth is related to or competes with GoHealth, Tian Ruixiang, Huize Holding, CorVel Corp, Erie Indemnity, Crawford, and Selectquote. eHealth, Inc. operates a health insurance marketplace that provides consumer engagement, education, and health insurance... More
EHealth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure EHealth's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess eHealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.0522 | |||
| Maximum Drawdown | 16.43 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 8.22 |
EHealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for EHealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as EHealth's standard deviation. In reality, there are many statistical measures that can use EHealth historical prices to predict the future EHealth's volatility.| Risk Adjusted Performance | 0.0708 | |||
| Jensen Alpha | 0.1973 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0573 | |||
| Treynor Ratio | 0.3154 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of EHealth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
eHealth Backtested Returns
EHealth appears to be slightly risky, given 3 months investment horizon. eHealth secures Sharpe Ratio (or Efficiency) of 0.0934, which denotes the company had a 0.0934% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for eHealth, which you can use to evaluate the volatility of the firm. Please utilize EHealth's Semi Deviation of 2.95, risk adjusted performance of 0.0708, and Downside Deviation of 3.3 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, EHealth holds a performance score of 7. The firm shows a Beta (market volatility) of 0.91, which means possible diversification benefits within a given portfolio. EHealth returns are very sensitive to returns on the market. As the market goes up or down, EHealth is expected to follow. Please check EHealth's downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether EHealth's price patterns will revert.
Auto-correlation | -0.27 |
Weak reverse predictability
eHealth has weak reverse predictability. Overlapping area represents the amount of predictability between EHealth time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of eHealth price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current EHealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
eHealth lagged returns against current returns
Autocorrelation, which is EHealth stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting EHealth's stock expected returns. We can calculate the autocorrelation of EHealth returns to help us make a trade decision. For example, suppose you find that EHealth has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
EHealth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If EHealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if EHealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in EHealth stock over time.
Current vs Lagged Prices |
| Timeline |
EHealth Lagged Returns
When evaluating EHealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of EHealth stock have on its future price. EHealth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, EHealth autocorrelation shows the relationship between EHealth stock current value and its past values and can show if there is a momentum factor associated with investing in eHealth.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether eHealth offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EHealth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ehealth Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ehealth Stock:Check out EHealth Correlation, EHealth Volatility and EHealth Alpha and Beta module to complement your research on EHealth. For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
EHealth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.