Selectquote Correlations

SLQT Stock

USD 3.79 0.18 4.99%

The current 90-days correlation between Selectquote and GoHealth is 0.36 (i.e., Weak diversification). The correlation of Selectquote 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.

Selectquote Correlation With Market

Significant diversification

The correlation between Selectquote and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Selectquote and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Selectquote. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

For more information on how to buy Selectquote Stock please use our How to Invest in Selectquote guide.

Moving together with Selectquote Stock

0.76	EHTH	eHealth	Pair Corr
0.84	GOCO	GoHealth	Pair Corr
0.83	C	Citigroup Aggressive Push	Pair Corr
0.76	MBIN	Merchants Bancorp	Pair Corr
0.67	MBWM	Mercantile Bank	Pair Corr
0.8	AC	Associated Capital	Pair Corr
0.65	BN	Brookfield Corp	Pair Corr

Moving against Selectquote Stock

0.58	ERIE	Erie Indemnity	Pair Corr
0.4	AIFU	Fanhua Inc Symbol Change	Pair Corr
0.35	DHIL	Diamond Hill Investment	Pair Corr
0.35	MBCN	Middlefield Banc	Pair Corr
0.64	EG	Everest Group	Pair Corr
0.52	CB	Chubb	Pair Corr

Related Correlations Analysis

	FANH	GOCO	CRVL	ERIE	EHTH	AJG	BRO	RELI	HUIZ	TIRX
FANH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FANH
GOCO	0.0		0.48	-0.5	0.69	0.34	0.06	-0.22	0.07	0.2	GOCO
CRVL	0.0	0.48		-0.34	0.56	-0.09	-0.39	0.2	-0.16	0.59	CRVL
ERIE	0.0	-0.5	-0.34		-0.72	0.34	0.52	-0.25	0.34	-0.28	ERIE
EHTH	0.0	0.69	0.56	-0.72		-0.26	-0.53	0.3	-0.21	0.54	EHTH
AJG	0.0	0.34	-0.09	0.34	-0.26		0.91	-0.84	0.29	-0.51	AJG
BRO	0.0	0.06	-0.39	0.52	-0.53	0.91		-0.84	0.29	-0.7	BRO
RELI	0.0	-0.22	0.2	-0.25	0.3	-0.84	-0.84		-0.05	0.68	RELI
HUIZ	0.0	0.07	-0.16	0.34	-0.21	0.29	0.29	-0.05		-0.02	HUIZ
TIRX	0.0	0.2	0.59	-0.28	0.54	-0.51	-0.7	0.68	-0.02		TIRX
	FANH	GOCO	CRVL	ERIE	EHTH	AJG	BRO	RELI	HUIZ	TIRX

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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	+ 0.91	AJG
EHTH	+ 0.69	GOCO
TIRX	+ 0.68	RELI
TIRX	+ 0.59	CRVL
EHTH	+ 0.56	CRVL
TIRX	+ 0.54	EHTH

High negative correlations

RELI	- 0.84	BRO
RELI	- 0.84	AJG
EHTH	- 0.72	ERIE
TIRX	- 0.7	BRO
BRO	- 0.53	EHTH
TIRX	- 0.51	AJG

Risk-Adjusted Indicators

There is a big difference between Selectquote Stock performing well and Selectquote 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 Selectquote'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
FANH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOCO	3.73	0.29	0.07	0.59	4.56	(3.99)	8.74	(5.80)	32.65
CRVL	1.68	(0.12)	0.00	0.22	0.00	0.00	3.07	(4.35)	12.81
ERIE	1.47	0.03	0.04	0.03	2.12	(1.54)	3.22	(3.15)	11.24
EHTH	3.12	(0.14)	0.00	1.25	0.00	0.00	8.05	(6.03)	16.21
AJG	0.99	0.25	0.21	3.07	1.25	(1.04)	1.93	(1.87)	6.86
BRO	0.77	0.25	0.33	10.57	0.63	(0.85)	1.75	(1.40)	4.81
RELI	7.95	1.52	0.23	7.41	6.14	(13.93)	8.82	(8.18)	183.78
HUIZ	3.81	0.36	0.08	0.51	4.41	(4.55)	6.14	(7.32)	42.07
TIRX	3.59	0.06	0.00	(0.02)	0.00	0.00	7.23	(7.59)	34.10

Selectquote Corporate Management

William Grant	Vice Chairman of the Board	Profile
Ryan Clement	Interim Officer	Profile
Ryan Souan	Executive Divisions	Profile
Denise Devine	Independent Director	Profile

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