ARDT vs EJH: Correlation
Ardent Health, Inc. (ARDT) and E-Home Household Service Holdings Limited (EJH) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDT and EJH?
Over the past 3 years, ARDT and EJH moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.31 over 1 year against -0.28 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1932.7 %².
EJH is close to the least connected end of ARDT's tracked universe, ranking #18 of 22. Correlation aside, the last 12 months split them widely, with ARDT ahead by 82.5 points (-13.5% versus -96.0%). One caveat on sizing: EJH is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARDT vs EJH: side by side
| ARDT (Ardent Health, Inc.) | EJH (E-Home Household Service Holdings Limited) | |
|---|---|---|
| 1-year return | -13.5% | -96.0% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 48.5% | 167.4% |
| Beta vs S&P 500 | 0.65 | -1.07 |
| Max drawdown (3Y) | -61.2% | -100.0% |
| Market cap | $1.6B | – |
| P/E (trailing) | 20.7 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDT | EJH |
|---|---|---|
| 2022 | – | -98.5% |
| 2023 | – | -90.7% |
| 2024 | – | -99.7% |
| 2025 | -48.3% | -97.6% |
| 2026 | +24.5% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDT and EJH good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARDT and EJH?
The ARDT/EJH correlation stands at -0.28 on a 3-year window (1 year: -0.31, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EJH a good diversifier for ARDT?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardt-vs-ejh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ardt-vs-ejh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARDT correlations · EJH correlations
