Ehealth Stock Alpha and Beta Analysis

EHTH Stock  USD 5.91  0.10  1.72%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as EHealth. It also helps investors analyze the systematic and unsystematic risks associated with investing in EHealth over a specified time horizon. Remember, high EHealth's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to EHealth's market risk premium analysis include:
Beta
(0.03)
Alpha
(0.48)
Risk
5.09
Sharpe Ratio
(0.1)
Expected Return
(0.51)
Please note that although EHealth alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, EHealth did 0.48  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of EHealth stock's relative risk over its benchmark. EHealth has a beta of 0.03  . As returns on the market increase, returns on owning EHealth are expected to decrease at a much lower rate. During the bear market, EHealth is likely to outperform the market. The current Price Book Value Ratio is estimated to decrease to 0.26. The EHealth's current Enterprise Value Multiple is estimated to increase to -24.04.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out EHealth Backtesting, EHealth Valuation, EHealth Correlation, EHealth Hype Analysis, EHealth Volatility, EHealth History and analyze EHealth Performance.
For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.

EHealth Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. EHealth market risk premium is the additional return an investor will receive from holding EHealth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in EHealth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate EHealth's performance over market.
α-0.48   β-0.03

EHealth expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of EHealth's Buy-and-hold return. Our buy-and-hold chart shows how EHealth performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

EHealth Market Price Analysis

Market price analysis indicators help investors to evaluate how EHealth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading EHealth shares will generate the highest return on investment. By understating and applying EHealth stock market price indicators, traders can identify EHealth position entry and exit signals to maximize returns.

EHealth Return and Market Media

The median price of EHealth for the period between Fri, Dec 29, 2023 and Thu, Mar 28, 2024 is 6.74 with a coefficient of variation of 14.07. The daily time series for the period is distributed with a sample standard deviation of 0.97, arithmetic mean of 6.9, and mean deviation of 0.74. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
New eHealth Research Sheds Light on Health Care Challenges for Small to Mid-Sized Employers
02/07/2024
2
EHEALTH INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL Kahn Swick Foti, LLC ... - The Globe and Mail
02/20/2024
3
eHealth Unveils Groundbreaking Advisor in the Room Pilot Program, Bridging the Gap Between Phone and In-Person Support
02/26/2024
4
eHealth Inc Reports Strong Q4 and Fiscal Year 2023 Results with Significant Medicare ...
02/27/2024
5
eHealth Full Year 2023 Earnings EPS Misses Expectations
02/28/2024
6
eHealth Q4 Earnings Miss on Higher Operating Costs
02/29/2024
7
eHealth, Inc. Just Reported, And Analysts Assigned A US8.36 Price Target
03/01/2024
8
Disposition of 2035 shares by Gavin Galimi of EHealth at 6.36 subject to Rule 16b-3
03/08/2024
9
Disposition of 1154 shares by Francis Soistman of EHealth at 5.6 subject to Rule 16b-3
03/22/2024

About EHealth Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including EHealth or other stocks. Alpha measures the amount that position in EHealth has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Dividend Yield0.310.01450.0130.0124
Price To Sales Ratio1.270.330.540.51

EHealth Upcoming Company Events

As portrayed in its financial statements, the presentation of EHealth's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, EHealth's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of EHealth's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of EHealth. Please utilize our Beneish M Score to check the likelihood of EHealth's management manipulating its earnings.
27th of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
27th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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 Backtesting, EHealth Valuation, EHealth Correlation, EHealth Hype Analysis, EHealth Volatility, EHealth History and analyze EHealth Performance.
For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.
You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for EHealth Stock analysis

When running EHealth's price analysis, check to measure EHealth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EHealth is operating at the current time. Most of EHealth's value examination focuses on studying past and present price action to predict the probability of EHealth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EHealth's price. Additionally, you may evaluate how the addition of EHealth to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of EHealth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of EHealth trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...