Oscar Health Correlations

OSCR Stock

USD 12.92 0.07 0.54%

The current 90-days correlation between Oscar Health and Clover Health Investments is 0.18 (i.e., Average diversification). The correlation of Oscar Health 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Oscar Health Correlation With Market

Weak diversification

The correlation between Oscar Health and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oscar Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oscar Health. 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 Oscar Stock, please use our How to Invest in Oscar Health guide.

Moving together with Oscar Stock

0.65	HUM	Humana Inc	Pair Corr
0.62	CLOV	Clover Health Investments	Pair Corr
0.64	MET	MetLife	Pair Corr

Moving against Oscar Stock

0.34	EVTC	Evertec	Pair Corr
0.45	RTMVF	Rightmove plc	Pair Corr
0.48	CDUAF	Canadian Utilities	Pair Corr
0.37	CCI	Crown Castle	Pair Corr

Related Correlations Analysis

	MOH	CNC	BHG	ELV	CLOV	UNH	CVS	CI	HUM	ALHC
MOH		0.32	0.0	0.62	-0.14	-0.07	0.25	0.54	0.25	0.43	MOH
CNC	0.32		0.0	0.05	0.19	0.56	-0.39	-0.24	0.69	0.06	CNC
BHG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BHG
ELV	0.62	0.05	0.0		0.36	0.01	0.75	0.85	0.32	0.87	ELV
CLOV	-0.14	0.19	0.0	0.36		0.33	0.49	0.27	0.58	0.61	CLOV
UNH	-0.07	0.56	0.0	0.01	0.33		-0.34	-0.37	0.69	0.06	UNH
CVS	0.25	-0.39	0.0	0.75	0.49	-0.34		0.89	0.04	0.79	CVS
CI	0.54	-0.24	0.0	0.85	0.27	-0.37	0.89		0.02	0.76	CI
HUM	0.25	0.69	0.0	0.32	0.58	0.69	0.04	0.02		0.46	HUM
ALHC	0.43	0.06	0.0	0.87	0.61	0.06	0.79	0.76	0.46		ALHC
	MOH	CNC	BHG	ELV	CLOV	UNH	CVS	CI	HUM	ALHC

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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

CI	+ 0.89	CVS
ALHC	+ 0.87	ELV
CI	+ 0.85	ELV
ALHC	+ 0.79	CVS
ALHC	+ 0.76	CI
CVS	+ 0.75	ELV

High negative correlations

CVS	- 0.39	CNC
CI	- 0.37	UNH
CVS	- 0.34	UNH
CI	- 0.24	CNC
CLOV	- 0.14	MOH
UNH	- 0.07	MOH

Risk-Adjusted Indicators

There is a big difference between Oscar Stock performing well and Oscar 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 Oscar 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
MOH	1.98	0.15	0.06	0.14	2.87	(2.03)	3.92	(4.32)	14.91
CNC	1.39	0.12	0.07	0.11	1.98	(1.52)	2.91	(2.58)	11.30
BHG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELV	1.23	0.21	0.17	0.38	1.27	(1.29)	2.72	(2.13)	8.26
CLOV	2.73	0.43	0.12	0.20	3.13	(2.97)	6.42	(4.72)	16.90
UNH	1.47	0.00	0.00	(0.08)	0.00	0.00	2.47	(4.22)	11.09
CVS	1.78	0.53	0.26	0.48	1.75	(2.17)	4.36	(3.31)	17.42
CI	1.44	0.19	0.11	0.29	1.92	(1.48)	3.97	(2.81)	13.04
HUM	1.90	0.07	0.00	(0.02)	0.00	0.00	3.89	(3.77)	12.48
ALHC	2.33	0.72	0.24	0.55	2.50	(2.56)	4.04	(4.48)	21.92

Oscar Health Corporate Management

Richard CPA	Chief Officer	Profile
David Plouffe	Independent Director	Profile
Steven Wolin	Chief Officer	Profile
Chris Potochar	Vice Relations	Profile

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