Elevance Competitors
| ELV Stock | USD 388.46 13.47 3.35% |
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Elevance |
Elevance Health Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Elevance Health and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Elevance and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Elevance Health does not affect the price movement of the other competitor.
| 0.8 | -0.2 | 0.19 | 0.59 | 0.62 | 0.07 | CI | ||
| 0.8 | 0.0 | 0.2 | 0.68 | 0.35 | 0.03 | UNH | ||
| -0.2 | 0.0 | 0.5 | 0.47 | -0.26 | 0.39 | CNC | ||
| 0.19 | 0.2 | 0.5 | 0.55 | -0.06 | 0.11 | MOH | ||
| 0.59 | 0.68 | 0.47 | 0.55 | 0.38 | 0.44 | HUM | ||
| 0.62 | 0.35 | -0.26 | -0.06 | 0.38 | 0.58 | CVS | ||
| 0.07 | 0.03 | 0.39 | 0.11 | 0.44 | 0.58 | ALHC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Elevance Stock performing well and Elevance Health 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 Elevance Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CI | 1.41 | (0.03) | 0.00 | (0.03) | 0.00 | 3.97 | 13.04 | |||
| UNH | 1.63 | (0.36) | 0.00 | (0.92) | 0.00 | 2.92 | 11.24 | |||
| CNC | 1.39 | 0.04 | 0.02 | (0.58) | 1.78 | 2.91 | 8.49 | |||
| MOH | 1.94 | 0.09 | 0.03 | 0.08 | 2.60 | 4.30 | 14.91 | |||
| HUM | 1.84 | (0.05) | 0.00 | (0.02) | 0.00 | 3.89 | 16.03 | |||
| CVS | 2.02 | 0.30 | 0.13 | 0.25 | 2.12 | 4.98 | 17.42 | |||
| ALHC | 2.23 | 0.30 | 0.10 | 0.34 | 2.76 | 4.56 | 21.92 |
Cross Equities Net Income Analysis
Compare Elevance Health and related stocks such as Cigna Corp, UnitedHealth Group, and Centene Corp Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CI | (854.6 M) | 1.3 B | 1.6 B | 1.5 B | 2.1 B | 2.1 B | 1.9 B | 2.2 B | 2.6 B | 5.1 B | 8.5 B | 5.4 B | 6.7 B | 5.2 B | 5.9 B | 6.2 B |
| UNH | 2.1 M | 5.1 B | 5.5 B | 5.6 B | 5.6 B | 5.8 B | 7.2 B | 10.6 B | 12 B | 13.8 B | 15.4 B | 17.3 B | 20.1 B | 22.4 B | 14.4 B | 15.1 B |
| CNC | (9.4 M) | 111.2 M | 1.9 M | 165.1 M | 271 M | 355 M | 562 M | 828 M | 900 M | 1.3 B | 1.8 B | 1.3 B | 1.2 B | 2.7 B | 3.3 B | 3.5 B |
| MOH | 9.5 M | 20.8 M | 9.8 M | 52.9 M | 62.2 M | 143 M | 8 M | (512 M) | 707 M | 737 M | 673 M | 659 M | 792 M | 1.1 B | 1.2 B | 1.2 B |
| CVS | 210.2 M | 3.5 B | 3.9 B | 4.6 B | 4.6 B | 5.2 B | 5.3 B | 6.6 B | (594 M) | 6.6 B | 7.2 B | 8 B | 4.3 B | 8.3 B | 4.6 B | 2.6 B |
| ALHC | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (59.3 M) | (39.1 M) | (213 M) | (149.6 M) | (148 M) | (133.2 M) | (139.9 M) |
Elevance Health and related stocks such as Cigna Corp, UnitedHealth Group, and Centene Corp Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Elevance Health financial statement analysis. It represents the amount of money remaining after all of Elevance Health operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Elevance Health Competitive Analysis
The better you understand Elevance Health competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Elevance Health's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Elevance Health's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Elevance Health Competition Performance Charts
Five steps to successful analysis of Elevance Health Competition
Elevance Health's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Elevance Health in relation to its competition. Elevance Health's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Elevance Health in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Elevance Health's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Elevance Health, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Additional Tools for Elevance Stock Analysis
When running Elevance Health's price analysis, check to measure Elevance Health'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 Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.