IQVIA Holdings Correlations

IQV Stock

USD 201.82 4.22 2.14%

The current 90-days correlation between IQVIA Holdings and Laboratory of is 0.15 (i.e., Average diversification). The correlation of IQVIA Holdings 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.

IQVIA Holdings Correlation With Market

Poor diversification

The correlation between IQVIA Holdings and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IQVIA Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IQVIA Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with IQVIA Stock

0.66	A	Agilent Technologies Earnings Call Today	Pair Corr
0.84	ME	23Andme Holding	Pair Corr
0.83	VALN	Valneva SE ADR	Pair Corr
0.81	ERNA	Eterna Therapeutics	Pair Corr
0.72	HLN	Haleon plc	Pair Corr
0.83	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.91	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.94	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.89	GMAB	Genmab AS	Pair Corr
0.89	INZY	Inozyme Pharma	Pair Corr
0.86	IPSC	Century Therapeutics	Pair Corr
0.77	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.84	LEGN	Legend Biotech Corp	Pair Corr

Moving against IQVIA Stock

0.87	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.82	EXEL	Exelixis	Pair Corr
0.7	EWTX	Edgewise Therapeutics	Pair Corr
0.42	VRDN	Viridian Therapeutics	Pair Corr
0.38	KTTAW	Pasithea Therapeutics	Pair Corr
0.77	GILD	Gilead Sciences	Pair Corr
0.64	LPCN	Lipocine	Pair Corr
0.5	KZR	Kezar Life Sciences	Pair Corr
0.46	WAT	Waters	Pair Corr

Related Correlations Analysis

	SYNH	CRL	LH	MEDP	WAT	IDXX	RVTY	MTD	TWST	ICLR
SYNH		-0.02	0.12	-0.41	0.46	-0.43	-0.07	-0.36	0.17	-0.65	SYNH
CRL	-0.02		0.34	0.74	0.31	0.24	0.37	0.15	0.63	0.14	CRL
LH	0.12	0.34		0.1	0.38	-0.57	-0.42	-0.69	-0.19	-0.65	LH
MEDP	-0.41	0.74	0.1		-0.02	0.4	0.35	0.36	0.47	0.53	MEDP
WAT	0.46	0.31	0.38	-0.02		-0.53	0.13	-0.13	0.09	-0.5	WAT
IDXX	-0.43	0.24	-0.57	0.4	-0.53		0.57	0.75	0.45	0.83	IDXX
RVTY	-0.07	0.37	-0.42	0.35	0.13	0.57		0.84	0.63	0.49	RVTY
MTD	-0.36	0.15	-0.69	0.36	-0.13	0.75	0.84		0.41	0.8	MTD
TWST	0.17	0.63	-0.19	0.47	0.09	0.45	0.63	0.41		0.3	TWST
ICLR	-0.65	0.14	-0.65	0.53	-0.5	0.83	0.49	0.8	0.3		ICLR
	SYNH	CRL	LH	MEDP	WAT	IDXX	RVTY	MTD	TWST	ICLR

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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

MTD	+ 0.84	RVTY
ICLR	+ 0.83	IDXX
ICLR	+ 0.8	MTD
MTD	+ 0.75	IDXX
MEDP	+ 0.74	CRL
TWST	+ 0.63	CRL

High negative correlations

MTD	- 0.69	LH
ICLR	- 0.65	LH
ICLR	- 0.65	SYNH
IDXX	- 0.57	LH
IDXX	- 0.53	WAT
ICLR	- 0.5	WAT

Risk-Adjusted Indicators

There is a big difference between IQVIA Stock performing well and IQVIA Holdings 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 IQVIA Holdings' 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
SYNH	0.67	0.12	(0.02)	(0.57)	0.85	(0.76)	2.13	(1.42)	9.20
CRL	1.68	(0.32)	0.00	(0.01)	0.00	0.00	2.78	(4.35)	18.19
LH	0.92	(0.01)	(0.04)	0.10	1.16	(0.91)	2.09	(1.83)	7.89
MEDP	2.03	(0.43)	0.00	(0.08)	0.00	0.00	3.53	(7.23)	16.64
WAT	1.48	0.07	0.05	0.19	1.34	(1.93)	3.00	(2.31)	24.69
IDXX	1.09	(0.36)	0.00	(0.26)	0.00	0.00	2.26	(2.12)	13.04
RVTY	1.21	(0.16)	0.00	(0.16)	0.00	0.00	2.35	(2.84)	9.11
MTD	1.37	(0.31)	0.00	(0.34)	0.00	0.00	2.61	(3.37)	12.16
TWST	3.01	(0.24)	(0.02)	0.02	3.83	(2.99)	6.77	(6.21)	17.59
ICLR	1.92	(0.70)	0.00	(0.46)	0.00	0.00	4.13	(4.22)	24.50

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