EXACT Sciences Correlations

EXAS Stock

USD 52.91 0.16 0.30%

The current 90-days correlation between EXACT Sciences and Natera Inc is 0.17 (i.e., Average diversification). The correlation of EXACT Sciences 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.

EXACT Sciences Correlation With Market

Very good diversification

The correlation between EXACT Sciences and DJI is -0.3 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EXACT Sciences and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with EXACT Stock

0.74	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.76	TCHH	Trustcash Holdings	Pair Corr

Moving against EXACT Stock

0.71	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.52	RNXT	RenovoRx	Pair Corr
0.36	KEP	Korea Electric Power	Pair Corr
0.64	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.56	BAC	Bank of America Aggressive Push	Pair Corr
0.44	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	VFSWW	VinFast Auto	Pair Corr

Related Correlations Analysis

	NTRA	CDNA	ILMN	TWST	A	TMO	DHR	GH	CRL	MYGN
NTRA		-0.39	0.14	-0.09	-0.41	-0.69	-0.59	0.61	0.06	-0.67	NTRA
CDNA	-0.39		-0.53	0.32	0.8	0.83	0.82	-0.18	0.24	0.85	CDNA
ILMN	0.14	-0.53		0.11	-0.13	-0.5	-0.45	-0.15	0.0	-0.61	ILMN
TWST	-0.09	0.32	0.11		0.43	0.36	0.43	-0.06	0.63	0.28	TWST
A	-0.41	0.8	-0.13	0.43		0.77	0.8	-0.4	0.23	0.65	A
TMO	-0.69	0.83	-0.5	0.36	0.77		0.97	-0.43	0.19	0.93	TMO
DHR	-0.59	0.82	-0.45	0.43	0.8	0.97		-0.47	0.18	0.89	DHR
GH	0.61	-0.18	-0.15	-0.06	-0.4	-0.43	-0.47		0.48	-0.4	GH
CRL	0.06	0.24	0.0	0.63	0.23	0.19	0.18	0.48		0.08	CRL
MYGN	-0.67	0.85	-0.61	0.28	0.65	0.93	0.89	-0.4	0.08		MYGN
	NTRA	CDNA	ILMN	TWST	A	TMO	DHR	GH	CRL	MYGN

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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

DHR	+ 0.97	TMO
MYGN	+ 0.93	TMO
MYGN	+ 0.89	DHR
MYGN	+ 0.85	CDNA
TMO	+ 0.83	CDNA
DHR	+ 0.82	CDNA

High negative correlations

TMO	- 0.69	NTRA
MYGN	- 0.67	NTRA
MYGN	- 0.61	ILMN
DHR	- 0.59	NTRA
ILMN	- 0.53	CDNA
TMO	- 0.5	ILMN

Risk-Adjusted Indicators

There is a big difference between EXACT Stock performing well and EXACT Sciences 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 EXACT Sciences' 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
NTRA	2.29	0.44	0.17	0.50	2.27	(2.49)	4.30	(3.75)	25.26
CDNA	2.61	(0.63)	0.00	(0.52)	0.00	0.00	4.05	(6.49)	24.22
ILMN	1.77	(0.01)	(0.02)	0.09	2.03	(1.84)	3.90	(2.69)	12.84
TWST	3.05	(0.27)	0.00	(0.01)	0.00	0.00	6.77	(6.21)	17.59
A	1.12	(0.13)	0.00	(0.16)	0.00	0.00	2.29	(2.42)	9.02
TMO	0.92	(0.32)	0.00	(0.41)	0.00	0.00	1.56	(1.98)	7.00
DHR	0.97	(0.28)	0.00	(0.34)	0.00	0.00	1.47	(2.30)	7.35
GH	2.77	0.03	0.03	0.12	2.90	(3.25)	7.53	(5.16)	17.48
CRL	1.69	(0.31)	0.00	(0.02)	0.00	0.00	2.78	(4.35)	18.19
MYGN	2.14	(0.93)	0.00	(1.57)	0.00	0.00	4.24	(6.12)	27.15

EXACT Sciences Corporate Management

James Herriott	General VP	Profile
Jeffrey CFA	Chief Officer	Profile
Ana Hooker	Chief Officer	Profile
Aaron Bloomer	Executive Finance	Profile
Vic Parker	Head Sales	Profile
Sarah Condella	Executive Resources	Profile

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