EHealth Correlations

EHTH Stock

USD 5.96 0.03 0.51%

The current 90-days correlation between eHealth and GoHealth is 0.46 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

EHealth Correlation With Market

Very weak diversification

The correlation between eHealth and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding eHealth and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in EHealth Stock please use our How to Invest in EHealth guide.

Moving together with EHealth Stock

0.88	GOCO	GoHealth	Pair Corr
0.81	ZBAO	Zhibao Technology Class Buyout Trend	Pair Corr
0.65	HUIZ	Huize Holding	Pair Corr
0.79	RELI	Reliance Global Group	Pair Corr
0.81	SLQT	Selectquote	Pair Corr
0.9	TIRX	Tian Ruixiang Holdings	Pair Corr
0.88	C	Citigroup	Pair Corr
0.68	DHIL	Diamond Hill Investment	Pair Corr
0.87	AX	Axos Financial	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group Earnings Call This Week	Pair Corr
0.9	BY	Byline Bancorp	Pair Corr
0.89	CG	Carlyle Group	Pair Corr
0.84	CM	Canadian Imperial Bank	Pair Corr
0.87	FG	FG Annuities Life	Pair Corr
0.88	GS	Goldman Sachs Group Earnings Call Tomorrow	Pair Corr

Moving against EHealth Stock

0.79	CB	Chubb Earnings Call Next Week	Pair Corr
0.76	BRO	Brown Brown Earnings Call Next Week	Pair Corr
0.57	MMC	Marsh McLennan Companies Earnings Call This Week	Pair Corr
0.55	AJG	Arthur J Gallagher	Pair Corr
0.46	BWIN	Baldwin Insurance Symbol Change	Pair Corr
0.44	L	Loews Corp	Pair Corr
0.42	ERIE	Erie Indemnity	Pair Corr
0.39	GSHD	Goosehead Insurance	Pair Corr
0.66	DB	Deutsche Bank AG	Pair Corr
0.59	TW	Tradeweb Markets	Pair Corr
0.44	HG	Hamilton Insurance Group,	Pair Corr
0.43	LX	Lexinfintech Holdings	Pair Corr
0.37	GL	Globe Life Earnings Call Next Week	Pair Corr
0.33	LU	Lufax Holding Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	GOCO	TIRX	HUIZ	FANH	CRVL	ERIE	CRD-B	SLQT	AJG	BRO
GOCO		0.8	0.73	0.0	0.39	-0.29	0.74	0.85	-0.21	-0.46	GOCO
TIRX	0.8		0.7	0.0	0.37	-0.22	0.63	0.68	-0.51	-0.7	TIRX
HUIZ	0.73	0.7		0.0	-0.09	0.14	0.65	0.46	-0.09	-0.22	HUIZ
FANH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FANH
CRVL	0.39	0.37	-0.09	0.0		-0.31	0.35	0.52	-0.09	-0.34	CRVL
ERIE	-0.29	-0.22	0.14	0.0	-0.31		-0.03	-0.46	0.53	0.62	ERIE
CRD-B	0.74	0.63	0.65	0.0	0.35	-0.03		0.61	-0.04	-0.25	CRD-B
SLQT	0.85	0.68	0.46	0.0	0.52	-0.46	0.61		-0.15	-0.44	SLQT
AJG	-0.21	-0.51	-0.09	0.0	-0.09	0.53	-0.04	-0.15		0.91	AJG
BRO	-0.46	-0.7	-0.22	0.0	-0.34	0.62	-0.25	-0.44	0.91		BRO
	GOCO	TIRX	HUIZ	FANH	CRVL	ERIE	CRD-B	SLQT	AJG	BRO

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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

BRO	+ 0.91	AJG
SLQT	+ 0.85	GOCO
TIRX	+ 0.8	GOCO
CRD-B	+ 0.74	GOCO
HUIZ	+ 0.73	GOCO
HUIZ	+ 0.7	TIRX

High negative correlations

BRO	- 0.7	TIRX
AJG	- 0.51	TIRX
SLQT	- 0.46	ERIE
BRO	- 0.46	GOCO
BRO	- 0.44	SLQT
BRO	- 0.34	CRVL

Risk-Adjusted Indicators

There is a big difference between EHealth Stock performing well and EHealth 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 EHealth'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
GOCO	3.83	(0.28)	0.00	(0.33)	0.00	0.00	8.74	(5.80)	33.37
TIRX	3.36	(0.47)	0.00	(3.25)	0.00	0.00	5.88	(9.09)	21.47
HUIZ	3.57	(0.80)	0.00	(0.83)	0.00	0.00	6.14	(8.81)	21.37
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRVL	1.66	0.18	0.09	0.13	2.09	(1.74)	3.74	(4.35)	12.81
ERIE	1.67	0.13	0.07	0.15	2.36	(1.66)	4.41	(4.13)	11.63
CRD-B	2.11	0.04	0.00	(0.05)	0.00	0.00	4.69	(5.47)	18.05
SLQT	3.86	(0.15)	0.00	(0.19)	0.00	0.00	6.50	(8.52)	47.58
AJG	1.12	0.32	0.17	0.53	1.75	(1.14)	2.38	(2.15)	9.69
BRO	0.91	0.29	0.17	0.46	1.56	(0.91)	2.08	(1.76)	9.79

EHealth Corporate Management

Gavin Galimi	General VP	Profile
Kate CFA	Senior Strategy	Profile
Eli NewbrunMintz	Senior Manager	Profile
John Dolan	Chief Officer	Profile
Bill Billings	Chief Officer	Profile
Bob Rees	Senior Officer	Profile
Jay Jennings	Senior Finance	Profile

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