Phreesia Correlations

PHR Stock

USD 26.73 0.87 3.15%

The current 90-days correlation between Phreesia and Health Catalyst is 0.54 (i.e., Very 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

Very weak diversification

The correlation between Phreesia and DJI is 0.54 (i.e., Very weak 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.

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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

0.86	DH	Definitive Healthcare	Pair Corr
0.69	GH	Guardant Health	Pair Corr
0.77	LH	Laboratory	Pair Corr
0.69	OM	Outset Medical	Pair Corr
0.78	DOCS	Doximity	Pair Corr
0.78	VEEV	Veeva Systems Class	Pair Corr
0.72	VNRX	Volitionrx	Pair Corr
0.63	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.85	FIGS	Figs Inc	Pair Corr
0.83	MDAI	Spectral AI	Pair Corr

Moving against Phreesia Stock

0.63	EKSO	Ekso Bionics Holdings	Pair Corr
0.59	EMBC	Embecta Corp	Pair Corr
0.45	ELAB	Elevai Labs, Common	Pair Corr
0.42	ELMD	Electromed Downward Rally	Pair Corr
0.41	ICCM	Icecure Medical	Pair Corr
0.32	CI	Cigna Corp Sell-off Trend	Pair Corr
0.8	NXLIW	Nexalin Technology	Pair Corr
0.78	MNDR	Mobile health Network	Pair Corr
0.78	EQ	Equillium	Pair Corr
0.77	VALN	Valneva SE ADR	Pair Corr
0.75	MLSS	Milestone Scientific	Pair Corr
0.62	NXGLW	NexGel Warrant	Pair Corr
0.62	NAOV	NanoVibronix	Pair Corr
0.61	MODD	Modular Medical	Pair Corr
0.58	MSPRW	MSP Recovery Symbol Change	Pair Corr

Related Correlations Analysis

	HCAT	DH	PRVA	NRC	PINC	VCYT	CSTL	PSNL
HCAT		0.06	0.37	-0.02	0.15	0.3	-0.12	0.03	HCAT
DH	0.06		-0.55	0.93	0.58	-0.84	-0.13	0.95	DH
PRVA	0.37	-0.55		-0.57	0.03	0.58	-0.32	-0.59	PRVA
NRC	-0.02	0.93	-0.57		0.6	-0.83	-0.13	0.95	NRC
PINC	0.15	0.58	0.03	0.6		-0.65	-0.8	0.54	PINC
VCYT	0.3	-0.84	0.58	-0.83	-0.65		0.34	-0.79	VCYT
CSTL	-0.12	-0.13	-0.32	-0.13	-0.8	0.34		-0.05	CSTL
PSNL	0.03	0.95	-0.59	0.95	0.54	-0.79	-0.05		PSNL
	HCAT	DH	PRVA	NRC	PINC	VCYT	CSTL	PSNL

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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

PSNL	+ 0.95	DH
PSNL	+ 0.95	NRC
NRC	+ 0.93	DH
PINC	+ 0.6	NRC
PINC	+ 0.58	DH
VCYT	+ 0.58	PRVA

High negative correlations

VCYT	- 0.84	DH
VCYT	- 0.83	NRC
CSTL	- 0.8	PINC
PSNL	- 0.79	VCYT
VCYT	- 0.65	PINC
PSNL	- 0.59	PRVA

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
HCAT	2.56	(0.31)	0.00	(0.03)	0.00	0.00	6.60	(4.73)	14.53
DH	2.56	0.68	0.23	0.85	1.97	(3.09)	5.06	(4.33)	37.54
PRVA	1.47	(0.26)	0.00	(0.19)	0.00	0.00	2.60	(2.99)	10.94
NRC	2.48	0.12	0.07	0.18	2.84	(2.66)	5.57	(3.92)	13.72
PINC	0.88	0.10	(0.01)	1.19	0.79	(1.12)	1.46	(1.66)	13.63
VCYT	1.86	(0.55)	0.00	(0.24)	0.00	0.00	2.98	(4.71)	9.93
CSTL	2.05	(0.18)	0.00	(0.07)	0.00	0.00	3.24	(4.03)	17.19
PSNL	3.58	0.81	0.22	0.50	3.51	(4.09)	7.92	(6.23)	31.34

Phreesia Corporate Management

Michael Davidoff	Senior Vice President - Marketing and Business Development	Profile
Scott Perricelli	Independent Director	Profile
Charles Kallenbach	General Counsel, Secretary	Profile
Nick Kemske	Chief Officer	Profile

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