CLARIVATE PLC Correlations

CLVT Stock

USD 2.16 0.08 3.85%

The current 90-days correlation between CLARIVATE PLC and C3 Ai Inc is 0.33 (i.e., Weak diversification). The correlation of CLARIVATE PLC 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.

CLARIVATE PLC Correlation With Market

Excellent diversification

The correlation between CLARIVATE PLC and DJI is -0.54 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLARIVATE PLC and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CLARIVATE Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CLARIVATE PLC. 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 CLARIVATE Stock please use our How to Invest in CLARIVATE PLC guide.

Moving together with CLARIVATE Stock

0.67	TRU	TransUnion	Pair Corr
0.72	ULS	UL Solutions	Pair Corr

Moving against CLARIVATE Stock

0.93	SKM	SK Telecom Earnings Call This Week	Pair Corr
0.79	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.77	FINN	First National	Pair Corr
0.77	ENS	Enersys Earnings Call This Week	Pair Corr
0.75	THO	Thor Industries	Pair Corr
0.69	MG	Mistras Group	Pair Corr
0.66	NFG	National Fuel Gas	Pair Corr
0.47	HYMTF	Hyundai Motor	Pair Corr
0.81	TFLM	TFLM	Pair Corr
0.8	APETF	Alpha Esports Tech	Pair Corr
0.79	YLLXF	Yellow Cake plc	Pair Corr
0.76	OBYCF	Obayashi Earnings Call Today	Pair Corr
0.76	RILYL	B Riley Financial	Pair Corr
0.75	RCKY	Rocky Brands	Pair Corr
0.71	SECVY	Seche Environnement	Pair Corr
0.57	FIBK	First Interstate Ban Normal Trading	Pair Corr
0.44	BNKHF	BOC Hong Kong	Pair Corr

Related Correlations Analysis

	AI	DXC	INOD	VNET	FORTY	GLOB	ASGN	CNXC	BBAI	PGY
AI		-0.09	0.41	-0.38	-0.7	0.15	-0.58	-0.16	0.72	0.86	AI
DXC	-0.09		-0.15	0.34	0.5	0.68	0.79	0.81	0.04	-0.12	DXC
INOD	0.41	-0.15		0.34	-0.12	0.06	-0.22	0.06	0.42	0.64	INOD
VNET	-0.38	0.34	0.34		0.52	0.1	0.57	0.34	-0.19	-0.18	VNET
FORTY	-0.7	0.5	-0.12	0.52		0.43	0.77	0.56	-0.27	-0.54	FORTY
GLOB	0.15	0.68	0.06	0.1	0.43		0.41	0.6	0.45	0.17	GLOB
ASGN	-0.58	0.79	-0.22	0.57	0.77	0.41		0.75	-0.36	-0.49	ASGN
CNXC	-0.16	0.81	0.06	0.34	0.56	0.6	0.75		0.0	-0.13	CNXC
BBAI	0.72	0.04	0.42	-0.19	-0.27	0.45	-0.36	0.0		0.75	BBAI
PGY	0.86	-0.12	0.64	-0.18	-0.54	0.17	-0.49	-0.13	0.75		PGY
	AI	DXC	INOD	VNET	FORTY	GLOB	ASGN	CNXC	BBAI	PGY

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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

PGY	+ 0.86	AI
CNXC	+ 0.81	DXC
ASGN	+ 0.79	DXC
ASGN	+ 0.77	FORTY
CNXC	+ 0.75	ASGN
PGY	+ 0.75	BBAI

High negative correlations

FORTY	- 0.7	AI
ASGN	- 0.58	AI
PGY	- 0.54	FORTY
PGY	- 0.49	ASGN
VNET	- 0.38	AI
BBAI	- 0.36	ASGN

Risk-Adjusted Indicators

There is a big difference between CLARIVATE Stock performing well and CLARIVATE PLC 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 CLARIVATE PLC'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
AI	3.02	(0.76)	0.00	(0.17)	0.00	0.00	4.87	(6.63)	16.27
DXC	1.95	0.12	0.05	0.16	2.76	(2.08)	4.74	(3.49)	17.54
INOD	3.85	(0.67)	0.00	(0.22)	0.00	0.00	10.53	(8.79)	30.46
VNET	2.98	0.07	0.04	0.12	3.79	(3.22)	7.68	(8.09)	21.08
FORTY	3.46	0.43	0.04	(0.27)	5.56	(3.25)	7.00	(7.91)	23.60
GLOB	2.42	(0.12)	(0.02)	0.01	3.31	(2.53)	5.74	(4.44)	18.72
ASGN	1.69	0.16	0.10	0.20	1.70	(2.01)	4.91	(3.13)	12.11
CNXC	2.60	(0.09)	0.00	0.04	3.75	(2.61)	6.21	(5.95)	19.52
BBAI	5.02	(0.53)	0.00	(0.07)	0.00	0.00	15.08	(9.05)	29.89
PGY	3.64	(0.70)	0.00	(0.12)	0.00	0.00	8.51	(8.21)	22.52

CLARIVATE PLC Corporate Management

Melanie JD	Chief Secretary	Profile
Michael Easton	Senior Vice President - Finance, Chief Accounting Officer	Profile
Jaspal Chahal	Chief Legal Officer, General Counsel	Profile
Ed Mattix	Chief Officer	Profile
Stefano Maestri	Chief Officer	Profile
William Graff	Executive Officer	Profile
Mark Donohue	Head Relations	Profile

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