Molina Healthcare Correlations
| MOH Stock | USD 367.52 6.58 1.82% |
The correlation of Molina Healthcare 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Molina Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Molina Healthcare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Molina Healthcare and NYA is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Molina Healthcare and NYA in the same portfolio, assuming nothing else is changed.
Molina |
The ability to find closely correlated positions to Molina Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Molina Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Molina Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Molina Healthcare to buy it.
Moving together with Molina Stock
| 0.71 | ELMD | Electromed | PairCorr |
| 0.65 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.61 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
| 0.77 | CVS | CVS Health Corp Financial Report 1st of May 2024 | PairCorr |
| 0.62 | EOLS | Evolus Inc Financial Report 14th of May 2024 | PairCorr |
Moving against Molina Stock
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Molina Stock performing well and Molina Healthcare 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 Molina Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CERT | 2.02 | (0.08) | (0.01) | 0.02 | 2.26 | 3.83 | 14.25 | |||
| HSTM | 1.00 | (0.23) | 0.00 | (0.22) | 0.00 | 1.56 | 4.67 | |||
| EVH | 1.49 | (0.14) | 0.00 | (0.04) | 0.00 | 2.38 | 19.46 | |||
| STRM | 5.29 | (0.08) | (0.01) | (0.01) | 5.16 | 16.28 | 44.75 | |||
| DH | 2.51 | (0.51) | 0.00 | (0.15) | 0.00 | 5.45 | 13.17 | |||
| SLP | 2.24 | 0.20 | 0.08 | 0.20 | 2.55 | 5.10 | 29.29 | |||
| AGTI | 1.90 | 0.58 | 0.27 | 0.60 | 1.39 | 3.89 | 29.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Molina Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Molina Healthcare Corporate Directors
Molina Healthcare corporate directors refer to members of a Molina Healthcare board of directors. The board of directors generally takes responsibility for the Molina Healthcare's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Molina Healthcare's board members must vote for the resolution. The Molina Healthcare board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Steven James | Non-Executive Independent Director | Profile | |
| Charles Fedak | Independent Director | Profile | |
| Garrey Carruthers | Independent Director | Profile | |
| Richard Zoretic | Independent Director | Profile |
Already Invested in Molina Healthcare?
The danger of trading Molina Healthcare is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Molina Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Molina Healthcare. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Molina Healthcare is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Molina Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Molina Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Molina Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Molina Healthcare Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Molina Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more detail on how to invest in Molina Stock please use our How to Invest in Molina Healthcare guide.You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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When running Molina Healthcare's price analysis, check to measure Molina Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Molina Healthcare is operating at the current time. Most of Molina Healthcare's value examination focuses on studying past and present price action to predict the probability of Molina Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Molina Healthcare's price. Additionally, you may evaluate how the addition of Molina Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Molina Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Molina Healthcare. If investors know Molina will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Molina Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.842 | Earnings Share 18.77 | Revenue Per Share 571.976 | Quarterly Revenue Growth 0.063 | Return On Assets 0.0743 |
The market value of Molina Healthcare is measured differently than its book value, which is the value of Molina that is recorded on the company's balance sheet. Investors also form their own opinion of Molina Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Molina Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Molina Healthcare's market value can be influenced by many factors that don't directly affect Molina Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Molina Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Molina Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Molina Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.