Centogene Correlations

CNTGF Stock

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The current 90-days correlation between Centogene NV and Vir Biotechnology is -0.16 (i.e., Good 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

Poor diversification

The correlation between Centogene NV and DJI is 0.7 (i.e., Poor 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 census.

Moving together with Centogene Stock

0.72	CRL	Charles River Labora Earnings Call This Week	Pair Corr
0.72	FTRE	Fortrea Holdings	Pair Corr
0.74	SHC	Sotera Health	Pair Corr
0.65	PRM	Proteome Sciences PLC	Pair Corr
0.75	PIQ	Proteomics International	Pair Corr
0.62	GNFT	Genfit SA	Pair Corr

Moving against Centogene Stock

0.63	CTE	Cryosite Earnings Call This Week	Pair Corr
0.61	OSL	Oncosil Medical	Pair Corr
0.6	CDT	Conduit Pharmaceuticals	Pair Corr
0.48	GSS	Genetic Signatures	Pair Corr
0.31	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.55	NOTV	Inotiv Inc	Pair Corr
0.52	PAIYY	Aesthetic Medical	Pair Corr
0.5	SEER	Seer Inc	Pair Corr
0.46	CTOR	Citius Oncology	Pair Corr
0.4	NAGE	Niagen Bioscience Symbol Change	Pair Corr
0.39	BRK-A	Berkshire Hathaway	Pair Corr

Related Correlations Analysis

	VIR	PRME	DNA	REPL	IOVA	KURA	TYRA	BCAX	LENZ
VIR		0.28	0.59	-0.5	0.27	-0.65	0.7	0.01	-0.4	VIR
PRME	0.28		0.65	-0.12	-0.03	-0.08	0.26	0.52	0.08	PRME
DNA	0.59	0.65		-0.32	0.12	-0.4	0.58	0.25	-0.2	DNA
REPL	-0.5	-0.12	-0.32		-0.26	0.88	-0.64	0.48	0.51	REPL
IOVA	0.27	-0.03	0.12	-0.26		-0.34	0.44	-0.26	-0.44	IOVA
KURA	-0.65	-0.08	-0.4	0.88	-0.34		-0.78	0.45	0.76	KURA
TYRA	0.7	0.26	0.58	-0.64	0.44	-0.78		0.04	-0.72	TYRA
BCAX	0.01	0.52	0.25	0.48	-0.26	0.45	0.04		0.3	BCAX
LENZ	-0.4	0.08	-0.2	0.51	-0.44	0.76	-0.72	0.3		LENZ
	VIR	PRME	DNA	REPL	IOVA	KURA	TYRA	BCAX	LENZ

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

KURA	+ 0.88	REPL
LENZ	+ 0.76	KURA
TYRA	+ 0.7	VIR
DNA	+ 0.65	PRME
DNA	+ 0.59	VIR
TYRA	+ 0.58	DNA

High negative correlations

TYRA	- 0.78	KURA
LENZ	- 0.72	TYRA
KURA	- 0.65	VIR
TYRA	- 0.64	REPL
REPL	- 0.5	VIR
LENZ	- 0.44	IOVA

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
VIR	3.36	0.50	0.14	0.43	3.33	(3.93)	8.08	(5.45)	23.40
PRME	4.23	(0.06)	0.00	0.02	4.66	(4.86)	11.05	(8.19)	25.37
DNA	3.39	0.00	0.03	0.06	4.18	(3.49)	8.31	(6.36)	30.46
REPL	2.54	(0.14)	0.00	(0.10)	0.00	0.00	5.56	(5.32)	14.00
IOVA	3.83	0.17	0.04	0.21	4.11	(4.60)	11.61	(7.58)	21.53
KURA	2.86	(0.33)	0.00	(0.27)	0.00	0.00	5.01	(5.77)	22.83
TYRA	2.88	1.09	0.37	(13.71)	2.01	(3.44)	6.05	(4.26)	34.11
BCAX	2.87	0.04	0.01	0.12	3.10	(3.47)	6.05	(5.00)	19.25
LENZ	3.91	(0.78)	0.00	(0.80)	0.00	0.00	8.05	(6.56)	40.02

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