Ehealth Stock Market Value
EHTH Stock | USD 6.03 0.12 2.03% |
Symbol | EHealth |
EHealth Price To Book Ratio
Is EHealth's industry 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 (2.37) | Revenue Per Share 16.165 | Quarterly Revenue Growth 0.262 | Return On Assets (0.02) |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in EHealth on February 27, 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 Ryanair Holdings, Western Midstream, Vistra Energy, Porvair Plc, Westinghouse Air, Cedar Fair, and Nextera Energy. 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.
Information Ratio | (0.12) | |||
Maximum Drawdown | 30.14 | |||
Value At Risk | (7.94) | |||
Potential Upside | 6.62 |
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 | (0.04) | |||
Jensen Alpha | (0.48) | |||
Total Risk Alpha | (1.60) | |||
Treynor Ratio | 16.17 |
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 secures Sharpe Ratio (or Efficiency) of -0.0925, which denotes the company had a -0.0925% return per unit of risk over the last 3 months. EHealth exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm EHealth's Mean Deviation of 3.4, variance of 24.71, and Standard Deviation of 4.97 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0299, which means not very significant fluctuations relative to the market. 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. EHealth has an expected return of -0.47%. Please make sure to confirm EHealth potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if EHealth performance from the past will be repeated at some future point.
Auto-correlation | -0.12 |
Insignificant reverse predictability
EHealth has insignificant reverse predictability. Overlapping area represents the amount of predictability between EHealth time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.12 indicates that less than 12.0% of current EHealth price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.12 | |
Spearman Rank Test | 0.12 | |
Residual Average | 0.0 | |
Price Variance | 0.06 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EHealth in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EHealth's short interest history, or implied volatility extrapolated from EHealth options trading.
Pair Trading with EHealth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EHealth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with EHealth Stock
0.65 | FANH | Fanhua Inc | PairCorr |
Moving against EHealth Stock
0.83 | L | Loews Corp | PairCorr |
0.8 | AJG | Arthur J Gallagher Fiscal Quarter End 31st of March 2024 | PairCorr |
0.8 | AON | Aon PLC Financial Report 26th of April 2024 | PairCorr |
0.79 | V | Visa Class A Fiscal Quarter End 31st of March 2024 | PairCorr |
0.78 | BRO | Brown Brown Fiscal Quarter End 31st of March 2024 | PairCorr |
The ability to find closely correlated positions to EHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EHealth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EHealth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EHealth to buy it.
The correlation of EHealth 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EHealth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EHealth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.