Sharecare Correlations
| SHCRDelisted Stock | USD 1.43 0.00 0.00% |
The current 90-days correlation between Sharecare and HealthStream is 0.2 (i.e., Modest diversification). The correlation of Sharecare 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.
Sharecare Correlation With Market
Modest diversification
The correlation between Sharecare and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharecare and DJI in the same portfolio, assuming nothing else is changed.
Sharecare |
Moving together with Sharecare Stock
| 0.74 | SSNLF | Samsung Electronics | PairCorr |
| 0.8 | PTAIF | PT Astra International | PairCorr |
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.85 | T | ATT Inc Aggressive Push | PairCorr |
| 0.86 | WMT | Walmart Aggressive Push | PairCorr |
| 0.91 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.64 | HD | Home Depot | PairCorr |
| 0.86 | AXP | American Express Sell-off Trend | PairCorr |
| 0.66 | HPQ | HP Inc | PairCorr |
| 0.9 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Sharecare Stock
| 0.92 | BKRKY | Bank Rakyat | PairCorr |
| 0.92 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.9 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.88 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.85 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.8 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.68 | PBCRY | Bank Central Asia | PairCorr |
| 0.59 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.53 | PTAIY | Astra International Tbk | PairCorr |
| 0.35 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sharecare Stock performing well and Sharecare 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 Sharecare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRVA | 2.07 | (0.05) | 0.01 | 0.07 | 2.29 | 4.23 | 15.04 | |||
| EVH | 3.29 | (1.36) | 0.00 | (1.00) | 0.00 | 5.49 | 51.11 | |||
| HSTM | 1.20 | 0.10 | 0.06 | 0.21 | 1.30 | 2.33 | 10.49 | |||
| STRM | 7.10 | (1.19) | 0.00 | (1.05) | 0.00 | 19.40 | 55.52 | |||
| NRC | 1.97 | (0.40) | 0.00 | (0.13) | 0.00 | 3.79 | 13.17 | |||
| NXGN | 1.10 | (0.12) | 0.00 | (1.37) | 0.00 | 2.81 | 7.28 | |||
| AGTI | 2.06 | 0.02 | (0.03) | (0.16) | 2.87 | 4.03 | 10.75 | |||
| DH | 2.01 | (0.17) | (0.03) | 0.01 | 2.43 | 4.37 | 13.20 | |||
| CPSI | 1.50 | (0.15) | 0.00 | 1.15 | 0.00 | 2.85 | 14.25 |
Sharecare Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sharecare stock to make a market-neutral strategy. Peer analysis of Sharecare could also be used in its relative valuation, which is a method of valuing Sharecare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sharecare Corporate Management
| Jen Hall | Executive Communications | Profile | |
| Jaffry Mohammed | Ex COO | Profile | |
| Michael Joachim | Executive Sciences | Profile | |
| Harsha Panyadahundi | Chief Officer | Profile | |
| Dermot Waters | Executive Marketing | Profile | |
| William Janis | Senior Advocacy | Profile |
Still Interested in Sharecare?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.