Selectquote Correlations

SLQT Stock  USD 2.13  0.05  2.29%   
The current 90-days correlation between Selectquote and GoHealth is 0.54 (i.e., Very 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

Modest diversification

The correlation between Selectquote 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 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

  0.9EHTH eHealthPairCorr
  0.62ERIE Erie Indemnity Earnings Call This WeekPairCorr
  0.66BRO Brown Brown Earnings Call TomorrowPairCorr
  0.94GOCO GoHealthPairCorr
  0.68EG Everest GroupPairCorr
  0.69FG FG Annuities LifePairCorr

Moving against Selectquote Stock

  0.67C Citigroup Aggressive PushPairCorr
  0.66TWFG TWFG, Class APairCorr
  0.65L Loews Corp Earnings Call Next WeekPairCorr
  0.49HUIZ Huize HoldingPairCorr
  0.42RELI Reliance Global GroupPairCorr
  0.35AIFU Fanhua Inc Symbol ChangePairCorr
  0.87HG Hamilton Insurance Group,PairCorr
  0.85AC Associated CapitalPairCorr
  0.84BK Bank of New YorkPairCorr
  0.77DB Deutsche Bank AG Earnings Call This WeekPairCorr
  0.75CM Canadian Imperial BankPairCorr
  0.74V Visa Class APairCorr
  0.74AB AllianceBernstein Earnings Call This WeekPairCorr
  0.72BN Brookfield CorpPairCorr
  0.64DHIL Diamond Hill InvestmentPairCorr
  0.64CG Carlyle Group Earnings Call This WeekPairCorr
  0.64GS Goldman Sachs GroupPairCorr
  0.62AX Axos Financial Earnings Call Next WeekPairCorr
  0.61IX Orix Corp AdsPairCorr
  0.5BX Blackstone Group Normal TradingPairCorr
  0.46BY Byline Bancorp Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
GOCOEHTH
TIRXEHTH
TIRXGOCO
AFIBEHTH
AFIBGOCO
AFIBTIRX
  
High negative correlations   
HUIZEHTH
HUIZGOCO
HUIZTIRX
AFIBHUIZ
AFIBTIRX
AFIBGOCO

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.

Selectquote Corporate Management

William GrantVice Chairman of the BoardProfile
Ryan ClementInterim OfficerProfile
Ryan SouanExecutive DivisionsProfile
Denise DevineIndependent DirectorProfile