Certara Correlations

CERT Stock

USD 6.51 0.11 1.66%

The current 90-days correlation between Certara and 10X Genomics is 0.45 (i.e., Very weak 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

Good diversification

The correlation between Certara and DJI is -0.07 (i.e., Good 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 real.

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

Moving together with Certara Stock

0.75	DOCS	Doximity	Pair Corr
0.81	SLP	Simulations Plus	Pair Corr
0.65	WAY	Waystar Holding Corp Buyout Trend	Pair Corr
0.68	GDRX	Goodrx Holdings Earnings Call Next Week	Pair Corr
0.64	HCAT	Health Catalyst	Pair Corr
0.61	EQS	Equasens S A	Pair Corr

Moving against Certara Stock

0.34	FQV	Spok Holdings Earnings Call Next Week	Pair Corr
0.7	KOO	Kooth plc	Pair Corr
0.49	ALINS	Intrasense	Pair Corr
0.48	MDR	Medadvisor	Pair Corr
0.39	DOC	Doctor Care Anywhere Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	TXG	CLOV	VCEL	SDGR	PGNY	NHC	OMCL	QDEL	AVAH	TWST
TXG		0.0	0.09	-0.19	-0.08	0.06	0.44	0.34	0.04	0.52	TXG
CLOV	0.0		0.07	0.69	0.66	-0.44	0.5	0.55	0.67	-0.59	CLOV
VCEL	0.09	0.07		0.46	0.46	-0.64	-0.17	-0.12	0.42	-0.18	VCEL
SDGR	-0.19	0.69	0.46		0.85	-0.82	0.32	0.37	0.66	-0.59	SDGR
PGNY	-0.08	0.66	0.46	0.85		-0.77	0.4	0.41	0.59	-0.63	PGNY
NHC	0.06	-0.44	-0.64	-0.82	-0.77		-0.15	-0.09	-0.55	0.51	NHC
OMCL	0.44	0.5	-0.17	0.32	0.4	-0.15		0.71	0.27	0.11	OMCL
QDEL	0.34	0.55	-0.12	0.37	0.41	-0.09	0.71		0.26	0.05	QDEL
AVAH	0.04	0.67	0.42	0.66	0.59	-0.55	0.27	0.26		-0.47	AVAH
TWST	0.52	-0.59	-0.18	-0.59	-0.63	0.51	0.11	0.05	-0.47		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

PGNY	+ 0.85	SDGR
QDEL	+ 0.71	OMCL
SDGR	+ 0.69	CLOV
AVAH	+ 0.67	CLOV
PGNY	+ 0.66	CLOV
AVAH	+ 0.66	SDGR

High negative correlations

NHC	- 0.82	SDGR
NHC	- 0.77	PGNY
NHC	- 0.64	VCEL
TWST	- 0.63	PGNY
TWST	- 0.59	SDGR
TWST	- 0.59	CLOV

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	3.07	0.39	0.09	(0.41)	3.19	(3.47)	7.46	(5.65)	19.99
CLOV	2.43	(0.16)	0.00	0.49	0.00	0.00	5.26	(3.86)	17.39
VCEL	2.23	(0.09)	0.00	(14.70)	0.00	0.00	5.28	(4.07)	14.74
SDGR	2.35	(0.72)	0.00	(0.35)	0.00	0.00	3.89	(5.25)	21.90
PGNY	2.03	(0.23)	0.00	(0.40)	0.00	0.00	3.57	(4.17)	20.44
NHC	1.42	0.32	0.17	0.55	1.54	(1.57)	4.32	(2.46)	9.28
OMCL	2.16	0.22	0.04	(0.21)	3.59	(2.25)	6.48	(4.34)	23.86
QDEL	2.88	0.22	0.04	0.44	4.60	(3.00)	5.87	(6.16)	31.84
AVAH	2.01	(0.25)	0.00	(0.27)	0.00	0.00	4.50	(3.66)	17.34
TWST	3.11	1.31	0.46	(1.28)	2.03	(4.00)	7.70	(3.99)	17.96

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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