Phreesia Correlations

PHR Stock

USD 29.84 0.17 0.57%

The current 90-days correlation between Phreesia and Definitive Healthcare Corp is 0.36 (i.e., Weak diversification). The correlation of Phreesia 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.

Phreesia Correlation With Market

Modest diversification

The correlation between Phreesia and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phreesia 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 Phreesia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Phreesia Stock

0.74	GH	Guardant Health Earnings Call This Week	Pair Corr
0.79	DXCM	DexCom Inc	Pair Corr
0.9	ECOR	Electrocore LLC	Pair Corr
0.61	EHAB	Enhabit	Pair Corr
0.68	ELMD	Electromed	Pair Corr
0.64	FIGS	Figs Inc	Pair Corr
0.75	AHG	Akso Health Group	Pair Corr
0.65	BDX	Becton Dickinson Sell-off Trend	Pair Corr
0.79	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr

Moving against Phreesia Stock

0.72	CI	Cigna Corp	Pair Corr
0.71	ELAB	Elevai Labs, Common	Pair Corr
0.65	VREX	Varex Imaging Corp	Pair Corr
0.59	VNRX	Volitionrx	Pair Corr
0.59	EKSO	Ekso Bionics Holdings	Pair Corr
0.53	MD	Mednax Inc Earnings Call Tomorrow	Pair Corr
0.33	ENOV	Enovis Corp Earnings Call This Week	Pair Corr
0.87	HAE	Haemonetics	Pair Corr
0.81	XAIR	Beyond Air	Pair Corr
0.79	AWH	Aspira Womens Health	Pair Corr
0.76	BKD	Brookdale Senior Living Earnings Call Tomorrow	Pair Corr
0.67	COO	Cooper Companies, Downward Rally	Pair Corr
0.67	EVH	Evolent Health Earnings Call This Week	Pair Corr
0.65	ENSG	Ensign Group	Pair Corr
0.44	EHC	Encompass Health Corp	Pair Corr
0.43	BAX	Baxter International	Pair Corr

Related Correlations Analysis

	DH	HSTM	CPSI	CERT	NRC	NXGN	HCAT	EVH	AGTI	CMAX
DH		0.87	0.0	0.79	-0.09	0.0	-0.31	-0.38	0.0	-0.19	DH
HSTM	0.87		0.0	0.64	0.1	0.0	-0.13	-0.19	0.0	-0.08	HSTM
CPSI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CPSI
CERT	0.79	0.64	0.0		-0.49	0.0	-0.74	-0.66	0.0	-0.43	CERT
NRC	-0.09	0.1	0.0	-0.49		0.0	0.76	0.69	0.0	0.7	NRC
NXGN	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NXGN
HCAT	-0.31	-0.13	0.0	-0.74	0.76	0.0		0.79	0.0	0.53	HCAT
EVH	-0.38	-0.19	0.0	-0.66	0.69	0.0	0.79		0.0	0.71	EVH
AGTI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	AGTI
CMAX	-0.19	-0.08	0.0	-0.43	0.7	0.0	0.53	0.71	0.0		CMAX
	DH	HSTM	CPSI	CERT	NRC	NXGN	HCAT	EVH	AGTI	CMAX

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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

HSTM	+ 0.87	DH
CERT	+ 0.79	DH
EVH	+ 0.79	HCAT
HCAT	+ 0.76	NRC
CMAX	+ 0.71	EVH
CMAX	+ 0.7	NRC

High negative correlations

HCAT	- 0.74	CERT
EVH	- 0.66	CERT
NRC	- 0.49	CERT
CMAX	- 0.43	CERT
EVH	- 0.38	DH
HCAT	- 0.31	DH

Risk-Adjusted Indicators

There is a big difference between Phreesia Stock performing well and Phreesia 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 Phreesia'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
DH	2.51	0.45	0.17	0.48	2.32	(3.31)	6.80	(4.35)	16.28
HSTM	0.90	0.08	0.05	0.13	1.26	(0.84)	1.68	(2.12)	6.33
CPSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CERT	2.25	0.41	0.18	0.22	1.97	(2.65)	6.08	(3.54)	14.90
NRC	2.07	(0.15)	0.00	(0.16)	0.00	0.00	3.81	(3.71)	18.35
NXGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HCAT	2.85	(0.57)	0.00	(1.48)	0.00	0.00	4.80	(6.79)	18.49
EVH	2.76	(0.36)	0.00	0.86	0.00	0.00	5.35	(7.87)	24.95
AGTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMAX	19.06	(5.10)	0.00	(5.69)	0.00	0.00	24.50	(56.52)	242.98

Phreesia Corporate Management

Michael Davidoff	Senior Vice President - Marketing and Business Development	Profile
Scott Perricelli	Independent Director	Profile
Charles Kallenbach	General Counsel, Secretary	Profile
Mark Smith	Independent Director	Profile

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