How Low Can Elevance Health Stock Go In A Market Crash
Elevance Health has consistently underperformed relative to the S&P 500 during major market crashes, with an average decline of 40%. In the 2008 Global Financial Crisis, it fell 67% compared to the S&P’s 57%. Similarly, during the COVID pandemic, Elevance dropped 43% versus 34% for the index, while during the 2018 correction, it declined 26% against a 20% decline in the S&P. Recovery times varied: the company took up to 61 months to regain its value post-crisis, highlighting its vulnerability to market downturns. Although it outperformed the S&P slightly during the latest Inflation Shock, this historical pattern underscores Elevance Health’s sensitivity to market volatility rather than any resilience.
Elevance Health Stock Performance In Market Crashes:
| ELV | S&P 500 | |
|---|---|---|
| Global Financial Crisis | ||
| % Change from Pre-Recession Peak | -67% | -57% |
| # of Months for Full Recovery | 61 | 49 |
| 2018 Correction | ||
| % Change from Pre-Recession Peak | -26% | -20% |
| # of Months for Full Recovery | 19 | 4 |
| Covid Pandemic | ||
| % Change from Pre-Recession Peak | -43% | -34% |
| # of Months for Full Recovery | 7 | 5 |
| Inflation Shock | ||
| % Change from Pre-Recession Peak | -24% | -25% |
| # of Months for Full Recovery | 10 | 15 |
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