Inotiv Correlations

NOTV Stock

USD 0.28 0.01 3.45%

The current 90-days correlation between Inotiv Inc and bioAffinity Technologies is 0.27 (i.e., Modest diversification). The correlation of Inotiv 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.

Inotiv Correlation With Market

Pay attention - limited upside

The correlation between Inotiv Inc and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inotiv Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Inotiv Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Inotiv Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Inotiv Stock

0.8	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.92	GSS	Genetic Signatures	Pair Corr
0.91	CDT	Conduit Pharmaceuticals	Pair Corr
0.79	TEM	Tempus AI Class	Pair Corr
0.92	OSL	Oncosil Medical	Pair Corr
0.85	NAGE	Niagen Bioscience Symbol Change	Pair Corr
0.63	PAIYY	Aesthetic Medical	Pair Corr

Moving against Inotiv Stock

0.68	MLAB	Mesa Laboratories	Pair Corr
0.58	SHC	Sotera Health	Pair Corr
0.55	PRTC	PureTech Health plc	Pair Corr
0.51	BPH	BPH Energy	Pair Corr
0.42	FTRE	Fortrea Holdings	Pair Corr
0.41	CRL	Charles River Labora Earnings Call This Week	Pair Corr
0.39	TXG	10X Genomics	Pair Corr
0.9	GNFT	Genfit SA	Pair Corr
0.68	AFJK	Aimei Health Technology	Pair Corr
0.66	QGEN	Qiagen NV	Pair Corr
0.55	CNTGF	Centogene NV	Pair Corr
0.49	PIQ	Proteomics International	Pair Corr
0.37	RVTY	Revvity	Pair Corr
0.37	TECH	Bio Techne Corp	Pair Corr
0.35	ATLN	Atlantic International	Pair Corr
0.35	CGEN	Compugen Earnings Call This Week	Pair Corr

Related Correlations Analysis

	RNTX	BDSX	VNRX	BEAT	STRR	FGEN	CELU	BIAF	KZR	QNTM
RNTX		-0.06	0.25	-0.35	-0.2	0.55	0.64	0.55	0.05	0.46	RNTX
BDSX	-0.06		-0.31	-0.35	-0.46	-0.12	-0.23	-0.3	-0.5	-0.59	BDSX
VNRX	0.25	-0.31		-0.18	-0.23	0.45	0.48	0.73	-0.19	0.31	VNRX
BEAT	-0.35	-0.35	-0.18		0.72	-0.63	-0.65	-0.22	0.31	0.0	BEAT
STRR	-0.2	-0.46	-0.23	0.72		-0.42	-0.35	-0.09	0.47	0.34	STRR
FGEN	0.55	-0.12	0.45	-0.63	-0.42		0.87	0.7	-0.03	0.43	FGEN
CELU	0.64	-0.23	0.48	-0.65	-0.35	0.87		0.69	0.01	0.64	CELU
BIAF	0.55	-0.3	0.73	-0.22	-0.09	0.7	0.69		0.06	0.6	BIAF
KZR	0.05	-0.5	-0.19	0.31	0.47	-0.03	0.01	0.06		0.43	KZR
QNTM	0.46	-0.59	0.31	0.0	0.34	0.43	0.64	0.6	0.43		QNTM
	RNTX	BDSX	VNRX	BEAT	STRR	FGEN	CELU	BIAF	KZR	QNTM

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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

CELU	+ 0.87	FGEN
BIAF	+ 0.73	VNRX
STRR	+ 0.72	BEAT
BIAF	+ 0.7	FGEN
BIAF	+ 0.69	CELU
CELU	+ 0.64	RNTX

High negative correlations

CELU	- 0.65	BEAT
FGEN	- 0.63	BEAT
QNTM	- 0.59	BDSX
KZR	- 0.5	BDSX
STRR	- 0.46	BDSX
FGEN	- 0.42	STRR

Risk-Adjusted Indicators

There is a big difference between Inotiv Stock performing well and Inotiv 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 Inotiv'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
RNTX	3.67	(0.45)	0.00	(0.30)	0.00	0.00	9.52	(7.41)	22.23
BDSX	5.77	0.97	0.16	89.87	5.38	(7.10)	13.20	(9.22)	62.04
VNRX	4.64	(0.56)	0.00	0.58	0.00	0.00	10.71	(9.37)	32.69
BEAT	8.60	0.66	0.06	1.94	10.22	(12.04)	28.33	(11.73)	103.08
STRR	1.68	(0.01)	(0.01)	0.04	2.44	(1.77)	3.21	(4.79)	12.75
FGEN	2.66	(0.30)	0.00	(0.13)	0.00	0.00	4.33	(5.28)	28.75
CELU	3.33	(0.53)	0.00	(0.36)	0.00	0.00	10.29	(6.70)	26.97
BIAF	4.99	(1.07)	0.00	(0.22)	0.00	0.00	11.40	(12.79)	32.32
KZR	0.71	0.01	(0.03)	0.11	1.01	(0.82)	1.49	(1.27)	7.79
QNTM	5.93	(1.00)	0.00	(0.47)	0.00	0.00	13.19	(11.65)	59.29

Inotiv Corporate Management

Adrian Hardy	Executive Development	Profile
Fernanda Beraldi	Gen Sec	Profile
Mo Dastagir	Chief Officer	Profile
Peter Kissinger	Chairman Founder	Profile
Kimberly Beaty	Director Marketing	Profile
William Pitchford	Chief Officer	Profile

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