GoHealth Correlations

GOCO Stock

USD 13.43 0.14 1.03%

The current 90-days correlation between GoHealth and eHealth is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GoHealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoHealth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GoHealth Correlation With Market

Significant diversification

The correlation between GoHealth and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GoHealth and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoHealth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.

Moving together with GoHealth Stock

0.8	EHTH	eHealth	Pair Corr
0.89	SLQT	Selectquote	Pair Corr
0.78	C	Citigroup Earnings Call Today	Pair Corr
0.73	V	Visa Class A	Pair Corr
0.74	BK	Bank of New York	Pair Corr
0.7	GL	Globe Life	Pair Corr
0.7	GS	Goldman Sachs Group	Pair Corr

Moving against GoHealth Stock

0.73	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.65	ZBAO	Zhibao Technology Class	Pair Corr
0.42	ERIE	Erie Indemnity	Pair Corr
0.65	DHIL	Diamond Hill Investment	Pair Corr
0.58	EG	Everest Group	Pair Corr
0.55	IX	Orix Corp Ads	Pair Corr
0.36	AX	Axos Financial	Pair Corr
0.34	CB	Chubb	Pair Corr
0.33	LC	LendingClub Corp	Pair Corr

Related Correlations Analysis

	EHTH	TIRX	HUIZ	FANH	SLQT	CRVL	ERIE	BRO	AJG	BRP
EHTH		0.45	-0.26	0.0	0.82	0.01	-0.5	-0.05	0.19	0.0	EHTH
TIRX	0.45		0.05	0.0	0.35	0.41	-0.27	-0.45	-0.25	0.0	TIRX
HUIZ	-0.26	0.05		0.0	-0.12	-0.01	0.11	0.15	0.13	0.0	HUIZ
FANH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FANH
SLQT	0.82	0.35	-0.12	0.0		0.19	-0.49	0.21	0.48	0.0	SLQT
CRVL	0.01	0.41	-0.01	0.0	0.19		-0.27	-0.39	-0.17	0.0	CRVL
ERIE	-0.5	-0.27	0.11	0.0	-0.49	-0.27		0.48	0.27	0.0	ERIE
BRO	-0.05	-0.45	0.15	0.0	0.21	-0.39	0.48		0.92	0.0	BRO
AJG	0.19	-0.25	0.13	0.0	0.48	-0.17	0.27	0.92		0.0	AJG
BRP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BRP
	EHTH	TIRX	HUIZ	FANH	SLQT	CRVL	ERIE	BRO	AJG	BRP

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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

AJG	+ 0.92	BRO
SLQT	+ 0.82	EHTH
AJG	+ 0.48	SLQT
BRO	+ 0.48	ERIE
TIRX	+ 0.45	EHTH
CRVL	+ 0.41	TIRX

High negative correlations

ERIE	- 0.5	EHTH
ERIE	- 0.49	SLQT
BRO	- 0.45	TIRX
BRO	- 0.39	CRVL
ERIE	- 0.27	CRVL
ERIE	- 0.27	TIRX

Risk-Adjusted Indicators

There is a big difference between GoHealth Stock performing well and GoHealth 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 GoHealth'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
EHTH	3.85	0.59	0.22	(0.93)	3.05	(5.35)	8.96	(6.03)	48.01
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
SLQT	4.31	0.60	0.12	0.45	4.56	(5.24)	7.77	(6.36)	47.58
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
BRO	0.83	0.22	0.24	0.55	0.89	(0.84)	1.75	(1.76)	4.81
AJG	1.04	0.21	0.18	0.67	1.40	(1.04)	1.93	(2.15)	6.86
BRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

GoHealth Corporate Management

Michael Kelley	Chief Insights	Profile
Melissa Balsan	Chief Officer	Profile
Michael Hargis	Chief Officer	Profile
Shane Cruz	Chief Officer	Profile
Blair Kessler	Chief Officer	Profile
Jason Schulz	Executive Officer	Profile
Stephen Moffat	Chief Officer	Profile

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