Guardant Health Correlations

GH Stock

USD 102.38 0.12 0.12%

The current 90-days correlation between Guardant Health and EXACT Sciences is 0.12 (i.e., Average diversification). The correlation of Guardant 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.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Guardant Health. 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.

For more detail on how to invest in Guardant Stock please use our How to Invest in Guardant Health guide.

Moving together with Guardant Stock

0.94	MD	Mednax Inc	Pair Corr
0.7	NPTH	NeuPath Health	Pair Corr
0.69	IDHC	Integrated Diagnostics	Pair Corr
0.84	FLGT	Fulgent Genetics	Pair Corr
0.93	BKD	Brookdale Senior Living	Pair Corr
0.98	CAH	Cardinal Health	Pair Corr
0.86	COR	Cencora	Pair Corr

Moving against Guardant Stock

0.92	AGL	agilon health	Pair Corr
0.87	CCM	Concord Medical Services	Pair Corr
0.82	600211	Tibet Rhodiola Pharm	Pair Corr
0.81	UNH	UnitedHealth Group CDR	Pair Corr
0.81	300015	Aier Eye Hospital	Pair Corr
0.79	AMS	American Shared Hospital	Pair Corr
0.78	CI	Cigna Corp	Pair Corr
0.74	LH	Laboratory	Pair Corr
0.74	AMN	AMN Healthcare Services	Pair Corr
0.71	IDX	Integral Diagnostics	Pair Corr
0.64	301293	Sanbo Hospital Management	Pair Corr
0.62	301239	Chengdu Bright Eye	Pair Corr
0.49	WGRX	Wellgistics Health,	Pair Corr
0.93	OMI	Owens Minor	Pair Corr
0.89	DVA	DaVita HealthCare	Pair Corr
0.89	EHC	Encompass Health Corp	Pair Corr
0.86	IVP	Inspire Veterinary	Pair Corr
0.85	FMS	Fresenius Medical Care	Pair Corr
0.85	MOH	Molina Healthcare	Pair Corr
0.81	PMI	Picard Medical,	Pair Corr
0.63	PHA	Premier Health	Pair Corr
0.6	CON	Concentra Group Holdings	Pair Corr
0.55	SBC	SBC Communications	Pair Corr
0.54	HUM	Humana Inc	Pair Corr
0.46	CHE	Chemed Corp	Pair Corr

Related Correlations Analysis

	EXAS	ICLR	RVTY	ASND	VTRS	QGEN	IONS	BBIO	SOLV	EHC
EXAS		0.12	0.8	0.36	0.8	0.02	0.89	0.91	0.89	-0.83	EXAS
ICLR	0.12		0.4	0.27	0.15	0.66	0.23	-0.02	0.24	0.14	ICLR
RVTY	0.8	0.4		0.43	0.67	0.44	0.88	0.75	0.77	-0.53	RVTY
ASND	0.36	0.27	0.43		0.31	0.28	0.48	0.38	0.36	-0.31	ASND
VTRS	0.8	0.15	0.67	0.31		-0.12	0.77	0.88	0.65	-0.85	VTRS
QGEN	0.02	0.66	0.44	0.28	-0.12		0.19	-0.12	0.12	0.39	QGEN
IONS	0.89	0.23	0.88	0.48	0.77	0.19		0.9	0.75	-0.75	IONS
BBIO	0.91	-0.02	0.75	0.38	0.88	-0.12	0.9		0.76	-0.89	BBIO
SOLV	0.89	0.24	0.77	0.36	0.65	0.12	0.75	0.76		-0.64	SOLV
EHC	-0.83	0.14	-0.53	-0.31	-0.85	0.39	-0.75	-0.89	-0.64		EHC
	EXAS	ICLR	RVTY	ASND	VTRS	QGEN	IONS	BBIO	SOLV	EHC

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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

BBIO	+ 0.91	EXAS
BBIO	+ 0.9	IONS
IONS	+ 0.89	EXAS
SOLV	+ 0.89	EXAS
IONS	+ 0.88	RVTY
BBIO	+ 0.88	VTRS

High negative correlations

EHC	- 0.89	BBIO
EHC	- 0.85	VTRS
EHC	- 0.83	EXAS
EHC	- 0.75	IONS
EHC	- 0.64	SOLV
EHC	- 0.53	RVTY

Risk-Adjusted Indicators

There is a big difference between Guardant Stock performing well and Guardant 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 Guardant 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
EXAS	1.82	1.04	0.83	(5.13)	0.00	(2.20)	3.77	(1.76)	23.91
ICLR	2.01	0.03	0.03	0.08	2.16	(2.50)	5.23	(3.45)	16.52
RVTY	1.63	0.10	0.08	0.12	1.59	(2.00)	4.52	(3.29)	9.18
ASND	1.76	0.12	0.03	(1.70)	1.94	(2.12)	4.43	(4.12)	11.01
VTRS	1.22	0.27	0.14	0.27	1.47	(1.24)	2.68	(2.36)	12.76
QGEN	1.03	(0.04)	(0.05)	(0.01)	1.30	(1.10)	2.56	(2.45)	7.00
IONS	1.47	0.37	0.20	0.54	1.48	(1.69)	3.19	(2.60)	9.40
BBIO	1.92	0.54	0.31	0.41	1.50	(2.40)	4.23	(3.26)	22.02
SOLV	1.18	0.10	0.06	0.19	1.24	(1.25)	2.87	(2.14)	11.22
EHC	0.88	(0.26)	0.00	(0.84)	0.00	0.00	1.34	(1.82)	8.36

Guardant Health Corporate Management

Jennifer Higgins	Senior Affairs	Profile
Stephen Murphy	Senior Marketing	Profile
Gulshan JD	Senior Officer	Profile
John Saia	Chief Secretary	Profile
Christopher Freeman	Chief Oncology	Profile
John JD	Chief Secretary	Profile

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