IQVIA Holdings Correlations

IQV Stock

USD 197.36 0.30 0.15%

The current 90-days correlation between IQVIA Holdings and Laboratory of is 0.09 (i.e., Significant 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

Very weak diversification

The correlation between IQVIA Holdings and DJI is 0.47 (i.e., Very weak 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

0.69	VALN	Valneva SE ADR	Pair Corr
0.71	DNTH	Dianthus Therapeutics	Pair Corr
0.71	DRRX	Durect	Pair Corr
0.63	VIGL	Vigil Neuroscience	Pair Corr
0.66	VKTX	Viking Therapeutics	Pair Corr
0.67	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.61	VRPX	Virpax Pharmaceuticals	Pair Corr

Moving against IQVIA Stock

0.56	VCEL	Vericel Corp Ord	Pair Corr
0.52	VCYT	Veracyte Potential Growth	Pair Corr
0.48	DRTS	Alpha Tau Medical	Pair Corr
0.41	CDIOW	Cardio Diagnostics	Pair Corr
0.4	DMAC	DiaMedica Therapeutics	Pair Corr
0.51	DYAI	Dyadic International	Pair Corr
0.44	KTTAW	Pasithea Therapeutics	Pair Corr
0.43	SRZNW	Surrozen Warrant	Pair Corr
0.42	VRNA	Verona Pharma PLC	Pair Corr
0.41	DVAX	Dynavax Technologies	Pair Corr
0.34	VTRS	Viatris	Pair Corr
0.33	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	SYNH	CRL	LH	MEDP	WAT	IDXX	RVTY	MTD	TWST	ICLR
SYNH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SYNH
CRL	0.0		0.52	0.29	0.25	-0.25	0.25	-0.17	0.19	0.09	CRL
LH	0.0	0.52		0.1	0.57	-0.5	-0.05	-0.55	0.04	-0.42	LH
MEDP	0.0	0.29	0.1		0.4	0.28	0.32	0.28	0.55	0.04	MEDP
WAT	0.0	0.25	0.57	0.4		-0.41	0.22	-0.11	0.45	-0.38	WAT
IDXX	0.0	-0.25	-0.5	0.28	-0.41		0.37	0.66	0.13	0.31	IDXX
RVTY	0.0	0.25	-0.05	0.32	0.22	0.37		0.75	-0.01	0.24	RVTY
MTD	0.0	-0.17	-0.55	0.28	-0.11	0.66	0.75		0.09	0.29	MTD
TWST	0.0	0.19	0.04	0.55	0.45	0.13	-0.01	0.09		0.03	TWST
ICLR	0.0	0.09	-0.42	0.04	-0.38	0.31	0.24	0.29	0.03		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	+ 0.75	RVTY
MTD	+ 0.66	IDXX
WAT	+ 0.57	LH
TWST	+ 0.55	MEDP
LH	+ 0.52	CRL
TWST	+ 0.45	WAT

High negative correlations

MTD	- 0.55	LH
IDXX	- 0.5	LH
ICLR	- 0.42	LH
IDXX	- 0.41	WAT
ICLR	- 0.38	WAT
IDXX	- 0.25	CRL

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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRL	1.90	(0.28)	0.00	(0.17)	0.00	0.00	3.35	(4.66)	19.87
LH	0.89	0.14	0.12	0.98	0.90	(0.98)	2.25	(1.32)	7.89
MEDP	1.73	(0.06)	0.00	(0.06)	0.00	0.00	3.53	(5.99)	16.64
WAT	1.54	0.22	0.13	10.49	1.41	(2.02)	3.00	(2.56)	24.69
IDXX	1.26	(0.19)	0.00	(2.79)	0.00	0.00	2.55	(2.63)	11.58
RVTY	1.23	(0.01)	(0.01)	(0.01)	1.73	(1.35)	2.35	(2.18)	9.36
MTD	1.29	(0.18)	0.00	(0.30)	0.00	0.00	2.05	(3.37)	11.09
TWST	3.03	0.13	0.03	0.16	3.86	(3.15)	6.39	(6.21)	20.14
ICLR	1.95	(0.56)	0.00	(1.14)	0.00	0.00	4.13	(3.95)	21.03

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