Health Care spans pharmaceuticals, biotech, medical devices, providers, and payers.
Health Care carries the widest door of any sector, a median variance near 0.40. The difference from Technology is the shape of it: Health Care turbulence is driven name by name, by binary clinical-trial and regulatory outcomes, rather than by a shared macro force. It tends to be a large standing pool of dispersion that does not move together, the signature of idiosyncratic stress. A single biotech binary can sit in the Extreme band while the sector around it is calm.
To see where Health Care sits today against the rest of the universe, read the daily Market Analysis. To work through the individual names, open the sector in the app.
Descriptive, not advice. Median variance is the historical center of the sector’s turbulence; it describes the typical range of outcomes, not a forecast for any company.