Gohealth Stock Market Value
| GOCO Stock | USD 12.90 0.40 3.20% |
| Symbol | GoHealth |
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GoHealth. If investors know GoHealth will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GoHealth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of GoHealth is measured differently than its book value, which is the value of GoHealth that is recorded on the company's balance sheet. Investors also form their own opinion of GoHealth's value that differs from its market value or its book value, called intrinsic value, which is GoHealth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GoHealth's market value can be influenced by many factors that don't directly affect GoHealth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GoHealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if GoHealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GoHealth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
GoHealth 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to GoHealth's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of GoHealth.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in GoHealth on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding GoHealth or generate 0.0% return on investment in GoHealth over 90 days. GoHealth is related to or competes with EHealth, Tian Ruixiang, Huize Holding, Selectquote, CorVel Corp, Erie Indemnity, and Brown Brown. GoHealth, Inc. operates as a health insurance marketplace and Medicare focused digital health company in the United Stat... More
GoHealth Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure GoHealth's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess GoHealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.86 | |||
| Information Ratio | 0.1018 | |||
| Maximum Drawdown | 33.97 | |||
| Value At Risk | (5.80) | |||
| Potential Upside | 9.61 |
GoHealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for GoHealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as GoHealth's standard deviation. In reality, there are many statistical measures that can use GoHealth historical prices to predict the future GoHealth's volatility.| Risk Adjusted Performance | 0.0825 | |||
| Jensen Alpha | 0.4858 | |||
| Total Risk Alpha | 1.23 | |||
| Sortino Ratio | 0.1232 | |||
| Treynor Ratio | (16.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of GoHealth's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
GoHealth Backtested Returns
GoHealth appears to be somewhat reliable, given 3 months investment horizon. GoHealth holds Efficiency (Sharpe) Ratio of 0.0849, which attests that the entity had a 0.0849 % return per unit of return volatility over the last 3 months. By examining GoHealth's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please utilize GoHealth's Semi Deviation of 4.27, risk adjusted performance of 0.0825, and Market Risk Adjusted Performance of (16.08) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, GoHealth holds a performance score of 6. The company retains a Market Volatility (i.e., Beta) of -0.0304, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning GoHealth are expected to decrease at a much lower rate. During the bear market, GoHealth is likely to outperform the market. Please check GoHealth's potential upside, and the relationship between the total risk alpha and kurtosis , to make a quick decision on whether GoHealth's current trending patterns will revert.
Auto-correlation | -0.24 |
Weak reverse predictability
GoHealth has weak reverse predictability. Overlapping area represents the amount of predictability between GoHealth time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of GoHealth price movement. The serial correlation of -0.24 indicates that over 24.0% of current GoHealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
GoHealth lagged returns against current returns
Autocorrelation, which is GoHealth stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting GoHealth's stock expected returns. We can calculate the autocorrelation of GoHealth returns to help us make a trade decision. For example, suppose you find that GoHealth has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
GoHealth regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If GoHealth stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if GoHealth stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in GoHealth stock over time.
Current vs Lagged Prices |
| Timeline |
GoHealth Lagged Returns
When evaluating GoHealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of GoHealth stock have on its future price. GoHealth autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, GoHealth autocorrelation shows the relationship between GoHealth stock current value and its past values and can show if there is a momentum factor associated with investing in GoHealth.
Regressed Prices |
| Timeline |
Pair Trading with GoHealth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if GoHealth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in GoHealth will appreciate offsetting losses from the drop in the long position's value.Moving together with GoHealth Stock
Moving against GoHealth Stock
| 0.66 | AIFU | Fanhua Inc Symbol Change | PairCorr |
| 0.51 | ZBAO | Zhibao Technology Class | PairCorr |
| 0.44 | ERIE | Erie Indemnity | PairCorr |
The ability to find closely correlated positions to GoHealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoHealth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back GoHealth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling GoHealth to buy it.
The correlation of GoHealth 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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for GoHealth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out GoHealth Correlation, GoHealth Volatility and GoHealth Alpha and Beta module to complement your research on GoHealth. To learn how to invest in GoHealth Stock, please use our How to Invest in GoHealth guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
GoHealth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.