Clover Health Correlations

CLOV Stock

USD 2.94 0.07 2.33%

The current 90-days correlation between Clover Health Investments and NeueHealth is -0.2 (i.e., Good diversification). The correlation of Clover 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.

Clover Health Correlation With Market

Modest diversification

The correlation between Clover Health Investments and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clover Health Investments and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clover Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clover Health Investments. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Clover Stock

0.77	EKSO	Ekso Bionics Holdings	Pair Corr
0.84	EMBC	Embecta Corp	Pair Corr
0.66	MLSS	Milestone Scientific	Pair Corr
0.72	MNDR	Mobile health Network	Pair Corr

Moving against Clover Stock

0.84	VEEV	Veeva Systems Class	Pair Corr
0.79	DH	Definitive Healthcare	Pair Corr
0.79	VNRX	Volitionrx	Pair Corr
0.74	FIGS	Figs Inc	Pair Corr
0.71	LH	Laboratory Earnings Call This Week	Pair Corr
0.67	OM	Outset Medical	Pair Corr
0.65	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.63	GH	Guardant Health	Pair Corr
0.45	DOCS	Doximity	Pair Corr
0.44	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.43	EW	Edwards Lifesciences Corp Earnings Call This Week	Pair Corr
0.37	EUDAW	EUDA Health Holdings	Pair Corr
0.36	VVOS	Vivos Therapeutics	Pair Corr
0.35	VREX	Varex Imaging Corp	Pair Corr
0.34	ABT	Abbott Laboratories	Pair Corr
0.85	STRM	Streamline Health	Pair Corr
0.8	MODV	ModivCare	Pair Corr
0.78	MDAI	Spectral AI	Pair Corr
0.77	A	Agilent Technologies	Pair Corr
0.66	VANI	Vivani Medical	Pair Corr
0.57	MHUA	Meihua International	Pair Corr
0.53	NEUE	NeueHealth	Pair Corr
0.51	CERS	Cerus	Pair Corr
0.49	NAKA	Kindly MD, Symbol Change	Pair Corr

Related Correlations Analysis

	NEUE	OSCR	ALHC	CVS	HUM	SKLZ	BB	FUBO	SNDL
NEUE		0.5	-0.68	-0.19	-0.61	0.68	0.65	0.4	-0.16	NEUE
OSCR	0.5		-0.61	0.2	-0.3	0.61	0.77	0.34	-0.58	OSCR
ALHC	-0.68	-0.61		0.17	0.82	-0.9	-0.83	-0.52	0.18	ALHC
CVS	-0.19	0.2	0.17		0.56	-0.19	0.04	-0.11	-0.14	CVS
HUM	-0.61	-0.3	0.82	0.56		-0.76	-0.65	-0.54	0.1	HUM
SKLZ	0.68	0.61	-0.9	-0.19	-0.76		0.86	0.75	-0.22	SKLZ
BB	0.65	0.77	-0.83	0.04	-0.65	0.86		0.66	-0.48	BB
FUBO	0.4	0.34	-0.52	-0.11	-0.54	0.75	0.66		-0.18	FUBO
SNDL	-0.16	-0.58	0.18	-0.14	0.1	-0.22	-0.48	-0.18		SNDL
	NEUE	OSCR	ALHC	CVS	HUM	SKLZ	BB	FUBO	SNDL

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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

BB	+ 0.86	SKLZ
HUM	+ 0.82	ALHC
BB	+ 0.77	OSCR
FUBO	+ 0.75	SKLZ
SKLZ	+ 0.68	NEUE
FUBO	+ 0.66	BB

High negative correlations

SKLZ	- 0.9	ALHC
BB	- 0.83	ALHC
SKLZ	- 0.76	HUM
ALHC	- 0.68	NEUE
BB	- 0.65	HUM
ALHC	- 0.61	OSCR

Risk-Adjusted Indicators

There is a big difference between Clover Stock performing well and Clover 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 Clover 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
NEUE	0.79	0.02	(0.08)	0.27	0.99	(1.04)	1.72	(1.89)	6.11
OSCR	3.98	0.13	0.03	0.23	4.41	(4.98)	10.60	(7.46)	48.95
ALHC	2.23	(0.71)	0.00	(0.89)	0.00	0.00	4.34	(5.63)	11.60
CVS	1.32	(0.21)	0.00	(0.28)	0.00	0.00	2.58	(3.14)	10.76
HUM	1.82	(0.55)	0.00	(0.25)	0.00	0.00	3.31	(7.02)	14.77
SKLZ	2.15	0.67	0.27	0.71	1.86	(2.44)	5.58	(3.23)	14.92
BB	1.92	0.18	0.08	0.31	1.82	(2.30)	3.79	(2.84)	17.71
FUBO	3.26	0.11	0.04	0.20	4.28	(3.69)	7.55	(6.41)	22.67
SNDL	2.12	0.14	0.05	0.29	2.10	(2.76)	4.70	(3.76)	18.10

Clover Health Corporate Management

Brady JD	Chief Care	Profile
Wendy Richey	Chief Officer	Profile
Derrick Nueman	Head strategy	Profile
Prabhdeep Singh	Chief Officer	Profile
Karen Soares	Senior Counsel	Profile
Joseph Martin	Gen Sec	Profile
Kumar Dharmarajan	Chief Assistant	Profile

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