Which stocks are most correlated with EVH?

Based on one year of daily returns, the stocks most correlated with Evolent Health, Inc Class A Common Stock (EVH) are ASTH (0.42), XHS (0.37) and OMDA (0.37). 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 EVH?

Over the past year, the stocks most inversely correlated with Evolent Health, Inc Class A Common Stock (EVH) are CRCD (-0.31), WEBS (-0.27) and SARK (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

Evolent Health, Inc Class A Common Stock (EVH) — Stock Correlations & Overview

Over the past year, EVH has moved most closely with ASTH, XHS, OMDA. Explore the stocks most correlated and inversely correlated with EVH below, along with its price, financials, and company profile.

Stocks correlated with EVH

Correlation of daily returns. Higher positive values move with EVH; negative values move opposite it. Informational only, not investment advice.

Most correlated with EVH

Symbol	Company	Correlation
ASTH	Astrana Health Inc. Common StockSERVICES-MANAGEMENT CONSULTING SERVICES	0.42
XHS	State Street SPDR S&P Health Care Services ETF	0.37
OMDA	Omada Health, Inc. Common StockSERVICES-HEALTH SERVICES	0.37
IHF	iShares U.S. Healthcare Providers ETF	0.36
PRVA	Privia Health Group, Inc. Common StockSERVICES-HEALTH SERVICES	0.36

Most inversely correlated with EVH

Symbol	Company	Correlation
CRCD	T-REX 2X Inverse CRCL Daily Target ETF	-0.31
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.27
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.25
FIAT	YieldMax Short COIN Option Income Strategy ETF	-0.24
CONI	GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF	-0.24

Frequently asked questions about EVH correlations

Which stocks are most correlated with EVH?: Based on one year of daily returns, the stocks most correlated with Evolent Health, Inc Class A Common Stock (EVH) are ASTH (0.42), XHS (0.37) and OMDA (0.37). 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 EVH?: Over the past year, the stocks most inversely correlated with Evolent Health, Inc Class A Common Stock (EVH) are CRCD (-0.31), WEBS (-0.27) and SARK (-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 EVH correlations calculated?: We compute the correlation of daily returns between EVH 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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