EHealth Correlations

EHTH Stock

USD 7.30 0.38 4.95%

The current 90-days correlation between eHealth and GoHealth is 0.54 (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

Good diversification

The correlation between eHealth and DJI is -0.09 (i.e., Good 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

0.8	GOCO	GoHealth Potential Growth	Pair Corr
0.82	SLQT	Selectquote	Pair Corr
0.69	C	Citigroup Earnings Call Today	Pair Corr

Moving against EHealth Stock

0.71	ZBAO	Zhibao Technology Class	Pair Corr
0.62	DHIL	Diamond Hill Investment	Pair Corr
0.61	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.5	ERIE	Erie Indemnity	Pair Corr
0.5	CB	Chubb	Pair Corr
0.34	AX	Axos Financial	Pair Corr
0.72	VABK	Virginia National	Pair Corr
0.6	IX	Orix Corp Ads	Pair Corr
0.51	WD	Walker Dunlop	Pair Corr
0.42	WT	WisdomTree	Pair Corr
0.38	EG	Everest Group	Pair Corr
0.37	TW	Tradeweb Markets	Pair Corr
0.36	WU	Western Union	Pair Corr

Related Correlations Analysis

	GOCO	TIRX	HUIZ	FANH	CRVL	ERIE	CRD-B	SLQT	AJG	BRO
GOCO		0.28	-0.08	0.0	0.12	-0.42	0.6	0.89	0.53	0.29	GOCO
TIRX	0.28		0.05	0.0	0.41	-0.27	0.2	0.35	-0.25	-0.45	TIRX
HUIZ	-0.08	0.05		0.0	-0.01	0.11	0.04	-0.12	0.13	0.15	HUIZ
FANH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FANH
CRVL	0.12	0.41	-0.01	0.0		-0.27	0.25	0.19	-0.17	-0.39	CRVL
ERIE	-0.42	-0.27	0.11	0.0	-0.27		-0.13	-0.49	0.27	0.48	ERIE
CRD-B	0.6	0.2	0.04	0.0	0.25	-0.13		0.57	0.46	0.26	CRD-B
SLQT	0.89	0.35	-0.12	0.0	0.19	-0.49	0.57		0.48	0.21	SLQT
AJG	0.53	-0.25	0.13	0.0	-0.17	0.27	0.46	0.48		0.92	AJG
BRO	0.29	-0.45	0.15	0.0	-0.39	0.48	0.26	0.21	0.92		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	+ 0.92	AJG
SLQT	+ 0.89	GOCO
CRD-B	+ 0.6	GOCO
SLQT	+ 0.57	CRD-B
AJG	+ 0.53	GOCO
BRO	+ 0.48	ERIE

High negative correlations

SLQT	- 0.49	ERIE
BRO	- 0.45	TIRX
ERIE	- 0.42	GOCO
BRO	- 0.39	CRVL
ERIE	- 0.27	CRVL
ERIE	- 0.27	TIRX

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	4.04	0.52	0.13	2.96	4.15	(4.53)	9.61	(5.80)	33.97
TIRX	3.40	(0.04)	0.00	(0.15)	0.00	0.00	7.23	(7.24)	34.10
HUIZ	5.08	(0.45)	0.00	(0.37)	0.00	0.00	8.31	(11.46)	42.07
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRVL	1.79	0.01	0.00	(0.09)	0.00	0.00	3.74	(4.37)	12.81
ERIE	1.53	0.11	0.07	0.18	2.34	(1.49)	3.22	(4.13)	11.24
CRD-B	2.00	0.13	0.00	(0.01)	0.00	0.00	4.59	(3.89)	18.05
SLQT	4.31	0.60	0.12	0.45	4.56	(5.24)	7.77	(6.36)	47.58
AJG	1.04	0.21	0.18	0.67	1.40	(1.04)	1.93	(2.15)	6.86
BRO	0.83	0.22	0.24	0.55	0.89	(0.84)	1.75	(1.76)	4.81

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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