Sotera Health Correlations

SHC Stock

USD 13.31 0.33 2.54%

The current 90-days correlation between Sotera Health and Syneos Health is 0.06 (i.e., Significant diversification). The correlation of Sotera Health 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.

Sotera Health Correlation With Market

Good diversification

The correlation between Sotera Health Co and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sotera Health Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sotera Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with Sotera Stock

0.8	WINT	Windtree Therapeutics	Pair Corr
0.83	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.8	NVS	Novartis AG ADR	Pair Corr
0.73	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.83	SNY	Sanofi ADR	Pair Corr
0.74	GRFS	Grifols SA ADR	Pair Corr
0.94	ZURA	Zura Bio Limited	Pair Corr
0.79	KRRO	Frequency Therapeutics	Pair Corr
0.64	BIAFW	BioAffinity Technologies	Pair Corr
0.78	PALI	Palisade Bio	Pair Corr
0.88	ALLR	Allarity Therapeutics	Pair Corr
0.88	AMGN	Amgen Inc	Pair Corr
0.96	ANNX	Annexon	Pair Corr
0.77	SPRY	Silverback Therapeutics	Pair Corr
0.73	BIAF	bioAffinity Technologies,	Pair Corr
0.88	BIIB	Biogen Inc	Pair Corr
0.67	COLL	Collegium Pharmaceutical	Pair Corr
0.68	VMD	Viemed Healthcare	Pair Corr
0.63	NIHK	Video River Networks	Pair Corr
0.84	GLUC	Glucose Health	Pair Corr
0.89	SUNFF	Sun Life Financial	Pair Corr

Moving against Sotera Stock

0.71	IMMX	Immix Biopharma	Pair Corr
0.68	BMY	Bristol Myers Squibb	Pair Corr
0.54	CSBR	Champions Oncology	Pair Corr
0.43	LH	Laboratory	Pair Corr
0.35	GILD	Gilead Sciences	Pair Corr
0.91	EXEEW	Expand Energy Symbol Change	Pair Corr
0.9	DIS	Walt Disney	Pair Corr
0.9	WMT	Walmart	Pair Corr
0.78	OPFI	OppFi Inc Buyout Trend	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.74	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.7	SLF	Sun Life Financial	Pair Corr
0.66	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.65	17298CHT8	US17298CHT80	Pair Corr
0.49	SIGL	Signal Advance	Pair Corr
0.43	MSFT	Microsoft Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SYNH	QGEN	OLK	ACRS	NEOG	RDNT	MYGN	GTH	FONR	XGN
SYNH		0.59	0.73	0.64	-0.39	0.34	-0.9	-0.3	-0.08	0.48	SYNH
QGEN	0.59		0.77	0.19	-0.65	-0.12	-0.57	0.19	-0.1	0.49	QGEN
OLK	0.73	0.77		0.35	-0.77	-0.08	-0.8	0.03	-0.12	0.52	OLK
ACRS	0.64	0.19	0.35		-0.13	0.7	-0.66	-0.59	0.38	0.63	ACRS
NEOG	-0.39	-0.65	-0.77	-0.13		0.3	0.53	-0.34	0.14	-0.59	NEOG
RDNT	0.34	-0.12	-0.08	0.7	0.3		-0.28	-0.7	0.46	0.42	RDNT
MYGN	-0.9	-0.57	-0.8	-0.66	0.53	-0.28		0.15	0.12	-0.6	MYGN
GTH	-0.3	0.19	0.03	-0.59	-0.34	-0.7	0.15		-0.45	-0.09	GTH
FONR	-0.08	-0.1	-0.12	0.38	0.14	0.46	0.12	-0.45		0.19	FONR
XGN	0.48	0.49	0.52	0.63	-0.59	0.42	-0.6	-0.09	0.19		XGN
	SYNH	QGEN	OLK	ACRS	NEOG	RDNT	MYGN	GTH	FONR	XGN

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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

OLK	+ 0.77	QGEN
OLK	+ 0.73	SYNH
RDNT	+ 0.7	ACRS
ACRS	+ 0.64	SYNH
XGN	+ 0.63	ACRS
QGEN	+ 0.59	SYNH

High negative correlations

MYGN	- 0.9	SYNH
MYGN	- 0.8	OLK
NEOG	- 0.77	OLK
GTH	- 0.7	RDNT
MYGN	- 0.66	ACRS
NEOG	- 0.65	QGEN

Risk-Adjusted Indicators

There is a big difference between Sotera Stock performing well and Sotera Health 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 Sotera Health'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
SYNH	0.67	0.10	0.07	2.76	0.85	(0.76)	2.13	(1.42)	9.20
QGEN	0.91	0.06	0.04	0.28	1.00	(1.07)	2.33	(1.86)	6.79
OLK	0.63	0.16	0.20	1.19	0.48	(0.76)	1.58	(1.37)	4.37
ACRS	6.16	1.63	0.26	5.25	4.96	(7.53)	15.47	(10.06)	66.90
NEOG	2.23	(0.27)	0.00	(0.53)	0.00	0.00	3.99	(5.43)	12.51
RDNT	1.80	(0.21)	0.00	0.99	0.00	0.00	2.65	(3.30)	25.05
MYGN	2.18	(1.02)	0.00	(23.59)	0.00	0.00	2.93	(5.41)	20.32
GTH	1.87	0.02	0.00	0.19	2.49	(2.24)	3.45	(4.08)	14.43
FONR	1.34	(0.02)	(0.01)	0.00	1.63	(1.43)	2.13	(2.81)	13.34
XGN	5.68	0.87	0.14	0.69	5.78	(7.12)	17.67	(6.67)	45.67

Sotera Health Corporate Management

Robert Hauzie	Chief Officer	Profile
Lehmann JD	Sr Devel	Profile
Joseph Vitale	Vice Relations	Profile
Michael Biehl	Interim Officer	Profile
Michael Petras	Chairman CEO	Profile

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