Sotera Health Correlations

SHC Stock

USD 13.30 0.48 3.74%

The current 90-days correlation between Sotera Health and Syneos Health is -0.17 (i.e., Good 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

Very weak diversification

The correlation between Sotera Health Co and DJI is 0.44 (i.e., Very weak 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

0.71	ME	23Andme Holding	Pair Corr
0.68	HLN	Haleon plc	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.73	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.75	INZY	Inozyme Pharma	Pair Corr

Moving against Sotera Stock

0.6	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.5	FBRX	Forte Biosciences Trending	Pair Corr
0.48	EXEL	Exelixis	Pair Corr
0.31	EWTX	Edgewise Therapeutics	Pair Corr
0.4	KZR	Kezar Life Sciences	Pair Corr

Related Correlations Analysis

	SYNH	QGEN	OLK	ACRS	NEOG	RDNT	MYGN	GTH	FONR	XGN
SYNH		-0.59	0.73	0.44	-0.42	0.58	-0.61	-0.3	-0.52	-0.14	SYNH
QGEN	-0.59		-0.76	-0.53	0.74	-0.48	0.74	-0.01	0.75	0.03	QGEN
OLK	0.73	-0.76		0.77	-0.54	0.72	-0.92	0.03	-0.72	0.01	OLK
ACRS	0.44	-0.53	0.77		-0.22	0.76	-0.85	0.25	-0.47	0.47	ACRS
NEOG	-0.42	0.74	-0.54	-0.22		-0.1	0.51	0.0	0.78	0.21	NEOG
RDNT	0.58	-0.48	0.72	0.76	-0.1		-0.75	-0.08	-0.37	0.37	RDNT
MYGN	-0.61	0.74	-0.92	-0.85	0.51	-0.75		-0.16	0.73	-0.1	MYGN
GTH	-0.3	-0.01	0.03	0.25	0.0	-0.08	-0.16		0.01	0.16	GTH
FONR	-0.52	0.75	-0.72	-0.47	0.78	-0.37	0.73	0.01		0.25	FONR
XGN	-0.14	0.03	0.01	0.47	0.21	0.37	-0.1	0.16	0.25		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

FONR	+ 0.78	NEOG
ACRS	+ 0.77	OLK
RDNT	+ 0.76	ACRS
FONR	+ 0.75	QGEN
NEOG	+ 0.74	QGEN
MYGN	+ 0.74	QGEN

High negative correlations

MYGN	- 0.92	OLK
MYGN	- 0.85	ACRS
OLK	- 0.76	QGEN
MYGN	- 0.75	RDNT
FONR	- 0.72	OLK
MYGN	- 0.61	SYNH

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	0.12	(0.02)	(0.57)	0.85	(0.76)	2.13	(1.42)	9.20
QGEN	1.02	(0.22)	0.00	(0.20)	0.00	0.00	2.06	(2.05)	5.80
OLK	0.63	0.15	0.06	1.30	0.48	(0.76)	1.58	(1.37)	4.37
ACRS	5.22	2.24	0.41	(4.38)	3.31	(6.25)	15.47	(5.96)	66.90
NEOG	2.11	(0.30)	0.00	(0.04)	0.00	0.00	4.11	(6.46)	11.75
RDNT	2.00	0.24	0.13	0.28	1.84	(2.16)	3.77	(2.61)	22.33
MYGN	2.19	(0.90)	0.00	(1.32)	0.00	0.00	4.24	(6.12)	27.15
GTH	1.87	0.05	(0.03)	(0.10)	2.49	(2.24)	3.45	(4.08)	14.43
FONR	1.50	(0.13)	0.00	(0.06)	0.00	0.00	2.15	(2.97)	9.69
XGN	3.74	0.43	0.12	0.51	3.43	(4.83)	9.62	(6.46)	25.65

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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