Sartorius Stedim Correlations

SDMHF Stock

USD 176.10 0.00 0.00%

The current 90-days correlation between Sartorius Stedim Biotech and The Cooper Companies, is -0.02 (i.e., Good diversification). The correlation of Sartorius Stedim 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.

Sartorius Stedim Correlation With Market

Significant diversification

The correlation between Sartorius Stedim Biotech and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sartorius Stedim Biotech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sartorius Stedim could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sartorius Stedim when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sartorius Stedim - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sartorius Stedim Biotech to buy it.

Moving together with Sartorius Pink Sheet

0.66	BDX	Becton Dickinson Sell-off Trend	Pair Corr
0.62	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Sartorius Pink Sheet

0.66	GLABF	Gemina Laboratories	Pair Corr
0.38	ESLOF	EssilorLuxottica Socit	Pair Corr
0.35	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.34	ESLOY	Essilor International	Pair Corr
0.34	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.46	DIS	Walt Disney Sell-off Trend	Pair Corr
0.45	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.39	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	RGEN	COO	TFX	RMD	BDX	HOLX	STAA	WST	ICUI
RGEN		0.2	0.13	0.28	0.17	0.16	0.28	0.2	-0.18	RGEN
COO	0.2		0.75	0.15	0.55	0.64	0.62	-0.41	0.45	COO
TFX	0.13	0.75		-0.05	0.75	0.66	0.73	-0.65	0.27	TFX
RMD	0.28	0.15	-0.05		-0.21	0.17	-0.17	0.25	-0.3	RMD
BDX	0.17	0.55	0.75	-0.21		0.56	0.72	-0.48	0.49	BDX
HOLX	0.16	0.64	0.66	0.17	0.56		0.38	-0.4	0.16	HOLX
STAA	0.28	0.62	0.73	-0.17	0.72	0.38		-0.43	0.42	STAA
WST	0.2	-0.41	-0.65	0.25	-0.48	-0.4	-0.43		-0.32	WST
ICUI	-0.18	0.45	0.27	-0.3	0.49	0.16	0.42	-0.32		ICUI
	RGEN	COO	TFX	RMD	BDX	HOLX	STAA	WST	ICUI

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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

TFX	+ 0.75	COO
BDX	+ 0.75	TFX
STAA	+ 0.73	TFX
STAA	+ 0.72	BDX
HOLX	+ 0.66	TFX
HOLX	+ 0.64	COO

High negative correlations

WST	- 0.65	TFX
WST	- 0.48	BDX
WST	- 0.43	STAA
WST	- 0.41	COO
WST	- 0.4	HOLX
ICUI	- 0.32	WST

Risk-Adjusted Indicators

There is a big difference between Sartorius Pink Sheet performing well and Sartorius Stedim 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 Sartorius Stedim'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
RGEN	2.34	(0.03)	(0.01)	0.09	3.32	(2.31)	4.60	(4.70)	18.94
COO	0.91	0.11	0.03	0.41	0.84	(0.98)	1.53	(1.64)	13.98
TFX	1.19	(0.43)	0.00	(0.40)	0.00	0.00	1.71	(1.92)	17.00
RMD	1.07	0.01	(0.05)	0.18	1.61	(1.03)	2.08	(2.59)	11.88
BDX	0.83	(0.20)	0.00	(0.16)	0.00	0.00	1.49	(1.42)	7.77
HOLX	0.89	(0.06)	0.00	(0.07)	0.00	0.00	1.81	(1.79)	8.14
STAA	2.42	(0.30)	0.00	(0.06)	0.00	0.00	7.01	(4.26)	17.93
WST	1.79	0.03	0.02	0.16	2.04	(2.00)	4.50	(3.02)	22.42
ICUI	1.29	(0.12)	(0.06)	0.01	1.74	(1.31)	2.77	(2.50)	10.44

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Our tools can tell you how much better you can do entering a position in Sartorius Stedim without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Sartorius Stedim Corporate Management

Heiko Imhl	VP Relations	Profile
Olivier Guitard	Head BPS	Profile
Benedikt Orzelek	Investor Relations Contact	Profile
John Mackay	Sales Marketing	Profile

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