How Low Can Elevance Health Stock Go In A Market Crash

ELV: Elevance Health logo
ELV
Elevance Health

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

Worried that ELV is yet to hit the bottom? You could take a look at the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming the S&P 500 over the last 4-year period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.

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