Semler Scientific Correlations

SMLR Stock

USD 61.23 2.42 3.80%

The current 90-days correlation between Semler Scientific and CVRx Inc is 0.23 (i.e., Modest diversification). The correlation of Semler Scientific 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.

Semler Scientific Correlation With Market

Weak diversification

The correlation between Semler Scientific and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semler Scientific 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 Semler Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Semler Stock, please use our How to Invest in Semler Scientific guide.

Moving together with Semler Stock

0.71	DOCS	Doximity	Pair Corr
0.84	FOXO	FOXO Technologies	Pair Corr
0.78	ITGR	Integer Holdings Corp	Pair Corr
0.76	MMSI	Merit Medical Systems	Pair Corr
0.77	NXGL	Nexgel Inc	Pair Corr
0.65	OMIC	Singular Genomics Systems	Pair Corr
0.84	CRVL	CorVel Corp	Pair Corr
0.83	EXEL	Exelixis	Pair Corr
0.79	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr

Moving against Semler Stock

0.86	EVH	Evolent Health	Pair Corr
0.76	AGL	agilon health Buyout Trend	Pair Corr
0.76	AMN	AMN Healthcare Services	Pair Corr
0.76	PHG	Koninklijke Philips	Pair Corr
0.66	FIGS	Figs Inc	Pair Corr
0.42	FORA	Forian Inc	Pair Corr
0.34	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.79	ME	23Andme Holding	Pair Corr
0.67	ADUS	Addus HomeCare	Pair Corr
0.65	VALN	Valneva SE ADR	Pair Corr
0.6	DOMH	Dominari Holdings	Pair Corr
0.58	A	Agilent Technologies	Pair Corr
0.49	ATPC	Agape ATP	Pair Corr
0.4	CYRX	Cryoport	Pair Corr
0.4	EQ	Equillium	Pair Corr
0.35	BACK	IMAC Holdings	Pair Corr
0.88	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.82	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.81	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.79	HLN	Haleon plc	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	EXAS	EXACT Sciences	Pair Corr
0.34	TIL	Instil Bio	Pair Corr

Related Correlations Analysis

	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA
CVRX		-0.32	-0.3	0.35	0.79	0.74	0.49	-0.83	0.45	0.3	CVRX
SRDX	-0.32		0.44	-0.58	0.19	0.02	0.43	0.56	-0.27	0.2	SRDX
LUNG	-0.3	0.44		-0.17	-0.13	-0.21	-0.02	0.55	-0.34	-0.14	LUNG
HSKA	0.35	-0.58	-0.17		-0.06	-0.21	-0.1	-0.57	-0.09	0.05	HSKA
OFIX	0.79	0.19	-0.13	-0.06		0.81	0.71	-0.54	0.36	0.34	OFIX
TELA	0.74	0.02	-0.21	-0.21	0.81		0.61	-0.46	0.38	0.25	TELA
NPCE	0.49	0.43	-0.02	-0.1	0.71	0.61		-0.28	-0.04	0.45	NPCE
TMDX	-0.83	0.56	0.55	-0.57	-0.54	-0.46	-0.28		-0.37	-0.26	TMDX
DCTH	0.45	-0.27	-0.34	-0.09	0.36	0.38	-0.04	-0.37		0.04	DCTH
OSA	0.3	0.2	-0.14	0.05	0.34	0.25	0.45	-0.26	0.04		OSA
	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TELA	+ 0.81	OFIX
OFIX	+ 0.79	CVRX
TELA	+ 0.74	CVRX
NPCE	+ 0.71	OFIX
NPCE	+ 0.61	TELA
TMDX	+ 0.56	SRDX

High negative correlations

TMDX	- 0.83	CVRX
HSKA	- 0.58	SRDX
TMDX	- 0.57	HSKA
TMDX	- 0.54	OFIX
TMDX	- 0.46	TELA
DCTH	- 0.37	TMDX

Risk-Adjusted Indicators

There is a big difference between Semler Stock performing well and Semler Scientific 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 Semler Scientific'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
CVRX	4.12	0.98	0.21	1.83	3.55	(5.18)	12.31	(8.22)	41.08
SRDX	0.48	(0.07)	0.00	(0.10)	0.00	0.00	1.26	(1.01)	3.22
LUNG	3.27	(0.19)	(0.01)	0.03	4.10	(3.67)	9.00	(6.89)	20.52
HSKA	1.18	0.59	0.82	15.69	0.00	(1.25)	3.63	(0.71)	21.36
OFIX	1.87	0.04	0.04	0.15	2.03	(2.09)	3.90	(3.85)	12.11
TELA	2.64	0.06	0.00	0.27	2.69	(3.47)	6.43	(4.83)	15.40
NPCE	3.51	0.32	0.14	0.25	3.00	(4.30)	9.73	(6.19)	35.38
TMDX	3.10	(1.35)	0.00	(0.57)	0.00	0.00	4.04	(7.44)	39.98
DCTH	2.81	0.31	0.08	0.53	3.05	(3.13)	7.57	(4.00)	25.52
OSA	104.70	42.41	1.97	0.63	13.81	(252.47)	51.22	(20.31)	168.97

Semler Scientific Corporate Management

Jennifer Herrington	Chief Officer	Profile
Dennis Rosenberg	Chief Officer	Profile
Shane Reid	Chief Officer	Profile
Cindy Guinasso	Senior Development	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC