Centogene Correlations

CNTGF Stock

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The current 90-days correlation between Centogene NV and IQVIA Holdings is 0.17 (i.e., Average diversification). The correlation of Centogene 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.

Centogene Correlation With Market

Good diversification

The correlation between Centogene NV and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centogene NV and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Centogene Stock

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

Moving together with Centogene Stock

0.71	CRL	Charles River Labora	Pair Corr
0.91	FTRE	Fortrea Holdings	Pair Corr
0.73	LAB	Standard Biotools	Pair Corr
0.62	SHC	Sotera Health	Pair Corr
0.61	WAT	Waters	Pair Corr
0.75	HBIO	Harvard Bioscience	Pair Corr
0.73	ILMN	Illumina	Pair Corr
0.83	PIQ	Proteomics International	Pair Corr

Moving against Centogene Stock

0.7	OSL	Oncosil Medical	Pair Corr
0.67	603882	Guangzhou Kingmed	Pair Corr
0.61	603259	WuXi AppTec	Pair Corr
0.61	CDT	Conduit Pharmaceuticals	Pair Corr
0.58	OBD	Oxford Biodynamics PLC	Pair Corr
0.53	300030	Guangzhou Improve Med	Pair Corr
0.51	603108	Shanghai Runda Med	Pair Corr
0.5	TEM	Tempus AI, Class	Pair Corr
0.5	PRTC	PureTech Health plc	Pair Corr
0.31	GSS	Genetic Signatures	Pair Corr
0.84	ATLN	Atlantic International	Pair Corr
0.81	SEER	Seer Inc	Pair Corr
0.74	NOTV	Inotiv Inc	Pair Corr
0.73	300404	Guangzhou Boji Medical	Pair Corr
0.63	NAGE	Niagen Bioscience, Symbol Change	Pair Corr
0.63	300347	Hangzhou Tigermed	Pair Corr
0.59	300463	Maccura Biotechnology	Pair Corr
0.57	ADO	Anteotech	Pair Corr
0.57	CDXS	Codexis	Pair Corr
0.52	PAIYY	Aesthetic Medical	Pair Corr

Related Correlations Analysis

	IQV	MTD	ALC	RMD	HLN	CAH	BDX	WAT	INSM	EW
IQV		0.91	0.69	-0.68	0.81	0.76	0.47	0.93	0.81	0.75	IQV
MTD	0.91		0.52	-0.7	0.76	0.78	0.2	0.9	0.81	0.75	MTD
ALC	0.69	0.52		-0.43	0.71	0.61	0.8	0.71	0.53	0.64	ALC
RMD	-0.68	-0.7	-0.43		-0.76	-0.87	-0.1	-0.77	-0.74	-0.87	RMD
HLN	0.81	0.76	0.71	-0.76		0.84	0.5	0.85	0.73	0.78	HLN
CAH	0.76	0.78	0.61	-0.87	0.84		0.33	0.9	0.89	0.95	CAH
BDX	0.47	0.2	0.8	-0.1	0.5	0.33		0.45	0.31	0.32	BDX
WAT	0.93	0.9	0.71	-0.77	0.85	0.9	0.45		0.91	0.84	WAT
INSM	0.81	0.81	0.53	-0.74	0.73	0.89	0.31	0.91		0.82	INSM
EW	0.75	0.75	0.64	-0.87	0.78	0.95	0.32	0.84	0.82		EW
	IQV	MTD	ALC	RMD	HLN	CAH	BDX	WAT	INSM	EW

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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

EW	+ 0.95	CAH
WAT	+ 0.93	IQV
MTD	+ 0.91	IQV
INSM	+ 0.91	WAT
WAT	+ 0.9	MTD
WAT	+ 0.9	CAH

High negative correlations

EW	- 0.87	RMD
CAH	- 0.87	RMD
WAT	- 0.77	RMD
HLN	- 0.76	RMD
INSM	- 0.74	RMD
RMD	- 0.7	MTD

Risk-Adjusted Indicators

There is a big difference between Centogene Stock performing well and Centogene 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 Centogene'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
IQV	1.27	0.21	0.17	0.25	1.11	(1.53)	3.59	(2.38)	9.76
MTD	1.32	0.12	0.09	0.20	1.16	(1.59)	3.78	(2.46)	7.75
ALC	1.05	0.02	0.02	0.09	1.19	(1.15)	2.69	(2.30)	6.78
RMD	0.98	(0.23)	0.00	(0.25)	0.00	0.00	2.02	(2.51)	5.71
HLN	0.98	0.16	0.10	0.51	1.05	(1.07)	2.81	(1.69)	6.17
CAH	1.07	0.46	0.30	37.16	0.81	(1.27)	2.69	(2.01)	18.07
BDX	1.04	0.01	0.01	0.08	1.06	(1.17)	2.22	(1.77)	6.92
WAT	1.37	0.33	0.26	0.45	0.89	(1.76)	3.59	(2.08)	9.50
INSM	2.01	0.32	0.08	0.74	3.48	(2.10)	3.75	(3.01)	32.41
EW	1.04	0.17	0.13	0.33	0.97	(1.15)	2.36	(1.81)	8.45

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