Phreesia Correlations

PHR Stock

USD 22.62 0.60 2.72%

The current 90-days correlation between Phreesia and Omada Health, Common is 0.25 (i.e., Modest 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 0.44 (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.

Build AI portfolio with Phreesia Stock

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 census.

To learn how to invest in Phreesia Stock, please use our How to Invest in Phreesia guide.

Moving together with Phreesia Stock

0.71	EVH	Evolent Health	Pair Corr
0.89	300288	Longmaster Information	Pair Corr
0.72	300550	Heren Health	Pair Corr

Moving against Phreesia Stock

0.84	DRDGF	Drdgold	Pair Corr
0.79	CVI	CVR Energy	Pair Corr
0.75	BLNK	Blink Charging	Pair Corr
0.72	SLF	Sun Life Financial	Pair Corr
0.7	GTLS	Chart Industries	Pair Corr
0.65	SSLLF	Siltronic AG	Pair Corr
0.62	INVX	Innovex International,	Pair Corr
0.61	NEE	Nextera Energy Aggressive Push	Pair Corr
0.58	XYL	Xylem Inc	Pair Corr
0.55	TDOC	Teladoc	Pair Corr
0.53	ILLR	Triller Group	Pair Corr
0.46	SIGL	Signal Advance	Pair Corr
0.89	TSLA	Tesla Inc	Pair Corr
0.88	GLW	Corning Incorporated	Pair Corr
0.8	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.79	UEC	Uranium Energy Corp	Pair Corr
0.79	IONQ	IONQ Inc	Pair Corr
0.77	CLSK	CleanSpark	Pair Corr
0.74	BMXC	Bemax Inc	Pair Corr
0.73	GS	Goldman Sachs Group	Pair Corr
0.73	PLG	Platinum Group Metals	Pair Corr
0.71	NB	NioCorp Developments	Pair Corr
0.71	BK	Bank of New York	Pair Corr
0.71	PATH	Uipath Inc	Pair Corr
0.7	VLYPP	Valley National Bancorp	Pair Corr
0.69	LSRCY	Lasertec	Pair Corr
0.59	ATCD	Altair Corp	Pair Corr
0.57	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	OMDA	TDOC	SDGR	BLFS	KMTS	OMCL	ESTA	GDRX	NVCR	NEOG
OMDA		0.76	0.57	0.76	0.59	-0.24	0.33	-0.04	0.67	0.58	OMDA
TDOC	0.76		0.59	0.73	0.7	-0.35	0.32	0.06	0.83	0.56	TDOC
SDGR	0.57	0.59		0.53	0.46	-0.33	0.31	-0.02	0.67	0.49	SDGR
BLFS	0.76	0.73	0.53		0.62	-0.04	0.52	-0.17	0.6	0.77	BLFS
KMTS	0.59	0.7	0.46	0.62		-0.06	0.65	-0.31	0.61	0.61	KMTS
OMCL	-0.24	-0.35	-0.33	-0.04	-0.06		0.43	-0.38	-0.6	0.19	OMCL
ESTA	0.33	0.32	0.31	0.52	0.65	0.43		-0.57	0.11	0.71	ESTA
GDRX	-0.04	0.06	-0.02	-0.17	-0.31	-0.38	-0.57		0.25	-0.24	GDRX
NVCR	0.67	0.83	0.67	0.6	0.61	-0.6	0.11	0.25		0.4	NVCR
NEOG	0.58	0.56	0.49	0.77	0.61	0.19	0.71	-0.24	0.4		NEOG
	OMDA	TDOC	SDGR	BLFS	KMTS	OMCL	ESTA	GDRX	NVCR	NEOG

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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

NVCR	+ 0.83	TDOC
NEOG	+ 0.77	BLFS
TDOC	+ 0.76	OMDA
BLFS	+ 0.76	OMDA
BLFS	+ 0.73	TDOC
NEOG	+ 0.71	ESTA

High negative correlations

NVCR	- 0.6	OMCL
GDRX	- 0.57	ESTA
GDRX	- 0.38	OMCL
OMCL	- 0.35	TDOC
OMCL	- 0.33	SDGR
GDRX	- 0.31	KMTS

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
OMDA	2.24	0.10	0.02	0.24	3.45	(2.17)	4.48	(6.14)	15.93
TDOC	3.15	(0.14)	0.02	0.06	3.56	(3.55)	8.30	(5.68)	18.32
SDGR	2.60	(0.03)	0.00	0.16	0.00	0.00	5.63	(5.31)	19.49
BLFS	1.89	0.06	0.07	0.13	1.96	(2.14)	4.04	(3.55)	12.15
KMTS	2.71	0.76	0.26	0.44	2.45	(2.98)	6.19	(4.39)	24.98
OMCL	1.73	0.15	0.10	0.20	1.68	(1.96)	3.97	(3.05)	14.16
ESTA	3.18	1.11	0.30	(0.79)	2.40	(4.20)	7.87	(5.07)	20.87
GDRX	3.47	(0.18)	0.00	(0.02)	0.00	0.00	5.69	(6.80)	47.80
NVCR	2.19	0.03	0.00	0.06	0.00	0.00	4.69	(4.56)	14.07
NEOG	2.32	0.21	0.09	0.21	2.75	(2.56)	5.78	(3.97)	27.41

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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