Simulations Plus Correlations

SLP Stock

USD 12.23 0.14 1.16%

The current 90-days correlation between Simulations Plus and Sophia Genetics SA is -0.02 (i.e., Good diversification). The correlation of Simulations Plus 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.

Simulations Plus Correlation With Market

Very good diversification

The correlation between Simulations Plus and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Simulations Plus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Simulations Stock

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

To learn how to invest in Simulations Stock, please use our How to Invest in Simulations Plus guide.

Moving together with Simulations Stock

0.61	GLH	Global Health	Pair Corr
0.85	DH	Definitive Healthcare	Pair Corr
0.7	7XE	NIGHTINGALE HEALTH	Pair Corr
0.83	DOCS	Doximity	Pair Corr
0.85	VEEV	Veeva Systems Class Earnings Call Tomorrow	Pair Corr
0.76	PME	Pro Medicus	Pair Corr
0.74	4LL	Teladoc	Pair Corr
0.77	EMO	EM Systems	Pair Corr
0.63	OC9	Omnicell	Pair Corr
0.78	EVH	Evolent Health Buyout Trend	Pair Corr
0.71	PHR	Phreesia	Pair Corr
0.68	L7T	UNIDOC HEALTH P	Pair Corr
0.71	WAY	Waystar Holding Corp	Pair Corr
0.71	GDRX	Goodrx Holdings Buyout Trend	Pair Corr
0.63	CTQ	Careteq	Pair Corr
0.73	HCAT	Health Catalyst	Pair Corr
0.74	VHI	Vitalhub Corp	Pair Corr

Moving against Simulations Stock

0.66	WORX	Scworx Corp	Pair Corr
0.57	ALMDT	Mediantechn	Pair Corr
0.47	GZM0	FEEDBACK PLC LS	Pair Corr
0.46	FDBK	Feedback PLC	Pair Corr
0.38	AJ91	DocCheck AG	Pair Corr
0.82	DOC	Doctor Care Anywhere	Pair Corr
0.44	KOO	Kooth plc	Pair Corr
0.38	CHS	Comprehensive Healthcare	Pair Corr

Related Correlations Analysis

	SOPH	DH	OPRX	ANRO	CLLS	NAKA	KRRO	AGL	NRC	ACIU
SOPH		0.34	0.21	-0.26	-0.12	0.36	0.1	0.73	0.67	0.62	SOPH
DH	0.34		0.92	-0.44	0.68	0.82	-0.72	0.62	0.72	0.43	DH
OPRX	0.21	0.92		-0.56	0.75	0.9	-0.84	0.5	0.55	0.27	OPRX
ANRO	-0.26	-0.44	-0.56		-0.31	-0.58	0.39	-0.14	-0.09	0.03	ANRO
CLLS	-0.12	0.68	0.75	-0.31		0.67	-0.84	0.18	0.24	0.01	CLLS
NAKA	0.36	0.82	0.9	-0.58	0.67		-0.78	0.58	0.57	0.36	NAKA
KRRO	0.1	-0.72	-0.84	0.39	-0.84	-0.78		-0.19	-0.25	0.05	KRRO
AGL	0.73	0.62	0.5	-0.14	0.18	0.58	-0.19		0.92	0.79	AGL
NRC	0.67	0.72	0.55	-0.09	0.24	0.57	-0.25	0.92		0.8	NRC
ACIU	0.62	0.43	0.27	0.03	0.01	0.36	0.05	0.79	0.8		ACIU
	SOPH	DH	OPRX	ANRO	CLLS	NAKA	KRRO	AGL	NRC	ACIU

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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

OPRX	+ 0.92	DH
NRC	+ 0.92	AGL
NAKA	+ 0.9	OPRX
NAKA	+ 0.82	DH
ACIU	+ 0.8	NRC
ACIU	+ 0.79	AGL

High negative correlations

KRRO	- 0.84	CLLS
KRRO	- 0.84	OPRX
KRRO	- 0.78	NAKA
KRRO	- 0.72	DH
NAKA	- 0.58	ANRO
ANRO	- 0.56	OPRX

Risk-Adjusted Indicators

There is a big difference between Simulations Stock performing well and Simulations Plus 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 Simulations Plus' 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
SOPH	2.12	(0.15)	0.00	(0.03)	0.00	0.00	4.35	(4.22)	14.65
DH	3.06	(1.35)	0.00	(0.59)	0.00	0.00	4.09	(8.88)	30.23
OPRX	2.96	(1.19)	0.00	(0.46)	0.00	0.00	6.04	(8.34)	18.56
ANRO	3.56	0.76	0.15	3.76	4.14	(3.74)	7.87	(7.29)	23.67
CLLS	3.38	(0.50)	0.00	(0.44)	0.00	0.00	6.33	(7.69)	27.00
NAKA	5.05	(0.86)	0.00	(0.21)	0.00	0.00	11.54	(10.00)	37.72
KRRO	3.75	0.99	0.29	0.60	2.83	(4.29)	10.98	(5.19)	20.29
AGL	5.72	0.04	0.02	0.08	7.11	(7.02)	15.38	(10.53)	46.26
NRC	3.10	(0.34)	0.00	(0.16)	0.00	0.00	4.32	(6.69)	27.21
ACIU	3.60	(0.14)	(0.02)	0.00	4.50	(3.97)	7.29	(8.38)	26.05

Simulations Plus Corporate Management

Erik Guffrey	CoChief Officer	Profile
MS MAS	CoFounder Chairman	Profile
MS MS	Pres Division	Profile
Marvin Waldman	Senior Fellow	Profile
Viera Lukacova	Chief Officer	Profile
Daniel Szot	Chief Officer	Profile

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