Certara Correlations

CERT Stock

USD 8.74 0.07 0.79%

The current 90-days correlation between Certara and 10X Genomics is -0.02 (i.e., Good diversification). The correlation of Certara is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Certara Correlation With Market

Average diversification

The correlation between Certara and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Certara and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Certara Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Certara. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Certara Stock please use our How to Invest in Certara guide.

Moving together with Certara Stock

0.72	DH	Definitive Healthcare	Pair Corr
0.96	EVH	Evolent Health	Pair Corr
0.84	OPRX	OPTIMIZERx Corp	Pair Corr

Moving against Certara Stock

0.84	CASXF	Casa Minerals	Pair Corr
0.78	NAUFF	NevGold Corp	Pair Corr
0.74	DGWPF	Drgerwerk AG	Pair Corr
0.74	FTV	Fortive Corp	Pair Corr
0.73	KB	KB Financial Group	Pair Corr
0.73	SHG	Shinhan Financial	Pair Corr
0.69	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.69	MFG	Mizuho Financial	Pair Corr
0.68	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.64	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.55	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.55	DB	Deutsche Bank AG	Pair Corr
0.43	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.42	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.4	SMXWW	SMX Public Limited	Pair Corr
0.33	FHELF	First Helium	Pair Corr

Related Correlations Analysis

	TXG	CLOV	VCEL	SDGR	PGNY	NHC	OMCL	QDEL	AVAH	TWST
TXG		-0.54	0.76	-0.78	0.84	0.81	0.68	-0.33	-0.24	-0.07	TXG
CLOV	-0.54		-0.32	0.71	-0.73	-0.49	-0.41	0.33	0.52	0.36	CLOV
VCEL	0.76	-0.32		-0.63	0.54	0.5	0.37	-0.58	-0.08	-0.09	VCEL
SDGR	-0.78	0.71	-0.63		-0.83	-0.69	-0.63	0.51	0.48	0.27	SDGR
PGNY	0.84	-0.73	0.54	-0.83		0.86	0.77	-0.25	-0.44	-0.14	PGNY
NHC	0.81	-0.49	0.5	-0.69	0.86		0.91	0.03	-0.23	0.16	NHC
OMCL	0.68	-0.41	0.37	-0.63	0.77	0.91		0.09	-0.38	0.28	OMCL
QDEL	-0.33	0.33	-0.58	0.51	-0.25	0.03	0.09		0.23	0.56	QDEL
AVAH	-0.24	0.52	-0.08	0.48	-0.44	-0.23	-0.38	0.23		0.23	AVAH
TWST	-0.07	0.36	-0.09	0.27	-0.14	0.16	0.28	0.56	0.23		TWST
	TXG	CLOV	VCEL	SDGR	PGNY	NHC	OMCL	QDEL	AVAH	TWST

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

OMCL	+ 0.91	NHC
NHC	+ 0.86	PGNY
PGNY	+ 0.84	TXG
NHC	+ 0.81	TXG
OMCL	+ 0.77	PGNY
VCEL	+ 0.76	TXG

High negative correlations

PGNY	- 0.83	SDGR
SDGR	- 0.78	TXG
PGNY	- 0.73	CLOV
NHC	- 0.69	SDGR
OMCL	- 0.63	SDGR
SDGR	- 0.63	VCEL

Risk-Adjusted Indicators

There is a big difference between Certara Stock performing well and Certara Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Certara's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TXG	3.41	0.54	0.18	0.39	2.82	(4.21)	11.07	(5.65)	23.84
CLOV	3.32	(0.37)	0.00	(0.33)	0.00	0.00	6.08	(6.90)	35.00
VCEL	2.14	0.14	0.07	0.16	2.06	(2.56)	4.71	(3.55)	14.51
SDGR	2.68	(0.24)	0.00	(0.05)	0.00	0.00	5.73	(5.05)	19.49
PGNY	2.22	0.30	0.11	0.53	2.35	(2.61)	4.97	(4.17)	29.36
NHC	1.24	0.08	0.04	0.19	1.46	(1.25)	2.42	(2.20)	6.47
OMCL	1.92	0.58	0.35	0.75	1.28	(2.51)	5.25	(2.43)	17.09
QDEL	3.02	0.06	0.01	0.20	4.86	(3.21)	6.11	(6.02)	28.44
AVAH	2.03	(0.19)	0.00	(0.08)	0.00	0.00	4.92	(3.80)	13.00
TWST	3.42	0.28	0.07	0.38	3.68	(3.85)	7.16	(6.72)	26.40

Certara Corporate Management

Richard Traynor	General VP	Profile
PharmD Bois	Head Advisor	Profile
Frederic Bois	Head Advisor	Profile
Hannah Jones	Senior Services	Profile
Sheila MBA	Chief Officer	Profile
Ron DiSantis	Senior Development	Profile

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