Alignment Healthcare, Inc. Common Stock (ALHC) — Stock Correlations & Overview
Over the past year, ALHC has moved most closely with XHS, IHF, UNH. Explore the stocks most correlated and inversely correlated with ALHC below, along with its price, financials, and company profile.
Stocks correlated with ALHC
Correlation of daily returns. Higher positive values move with ALHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with ALHC
| Symbol | Company | Correlation |
|---|---|---|
| XHS | State Street SPDR S&P Health Care Services ETF | 0.46 |
| IHF | iShares U.S. Healthcare Providers ETF | 0.42 |
| UNH | UNITEDHEALTH GROUP INCORPORATED (Delaware)HOSPITAL & MEDICAL SERVICE PLANS | 0.40 |
| UNHG | Leverage Shares 2X Long UNH Daily ETF | 0.39 |
| PRVA | Privia Health Group, Inc. Common StockSERVICES-HEALTH SERVICES | 0.38 |
Most inversely correlated with ALHC
| Symbol | Company | Correlation |
|---|---|---|
| FCUV | Focus Universal Inc. Common StockINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | -0.27 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.25 |
| SEF | ProShares Short Financials | -0.25 |
| SKF | ProShares UltraShort Financials | -0.25 |
| TGHL | The GrowHub Limited Class A Ordinary Shares | -0.23 |
Frequently asked questions about ALHC correlations
- Which stocks are most correlated with ALHC?
- Based on one year of daily returns, the stocks most correlated with Alignment Healthcare, Inc. Common Stock (ALHC) are XHS (0.46), IHF (0.42) and UNH (0.40). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ALHC?
- Over the past year, the stocks most inversely correlated with Alignment Healthcare, Inc. Common Stock (ALHC) are FCUV (-0.27), FAZ (-0.25) and SEF (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ALHC correlations calculated?
- We compute the correlation of daily returns between ALHC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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