Semler Scientific Correlations

SMLR Stock

USD 51.96 0.19 0.36%

The current 90-days correlation between Semler Scientific and CVRx Inc is 0.32 (i.e., Weak 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

Modest diversification

The correlation between Semler Scientific and DJI is 0.25 (i.e., Modest 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

0.73

LFCR

Lifecore Biomedical

Pair Corr

Moving against Semler Stock

0.76	TFX	Teleflex Incorporated	Pair Corr
0.76	UPC	Universe Pharmaceuticals	Pair Corr
0.68	JNJ	Johnson Johnson	Pair Corr
0.66	MASS	908 Devices	Pair Corr
0.64	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.63	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.59	ENSG	Ensign Group	Pair Corr
0.53	PNTG	Pennant Group	Pair Corr
0.52	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.51	ACHC	Acadia Healthcare	Pair Corr
0.42	HSCSW	Heart Test Laboratories	Pair Corr
0.4	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.85	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.76	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.65	ABBV	AbbVie Inc Buyout Trend	Pair Corr
0.61	CPHI	China Pharma Holdings	Pair Corr
0.6	AQST	Aquestive Therapeutics	Pair Corr
0.56	301367	BMC Medical	Pair Corr
0.42	002901	Double Medical Technology	Pair Corr
0.42	VTI	Visioneering Technologies	Pair Corr
0.37	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.35	ALVO	Alvotech	Pair Corr
0.32	4DX	4Dmedical	Pair Corr
0.31	SNOA	Sonoma Pharmaceuticals Earnings Call This Week	Pair Corr
0.31	688198	Beijing Balance Medical	Pair Corr

Related Correlations Analysis

	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA
CVRX		-0.5	0.08	0.28	0.55	-0.35	0.46	-0.34	0.6	0.18	CVRX
SRDX	-0.5		0.08	0.19	0.14	0.55	-0.13	-0.03	-0.49	-0.53	SRDX
LUNG	0.08	0.08		-0.48	0.1	0.5	-0.47	0.24	-0.4	-0.29	LUNG
HSKA	0.28	0.19	-0.48		0.34	-0.33	0.86	-0.75	0.52	0.05	HSKA
OFIX	0.55	0.14	0.1	0.34		0.26	0.23	-0.11	0.09	0.05	OFIX
TELA	-0.35	0.55	0.5	-0.33	0.26		-0.54	0.47	-0.72	-0.3	TELA
NPCE	0.46	-0.13	-0.47	0.86	0.23	-0.54		-0.74	0.81	0.2	NPCE
TMDX	-0.34	-0.03	0.24	-0.75	-0.11	0.47	-0.74		-0.55	-0.03	TMDX
DCTH	0.6	-0.49	-0.4	0.52	0.09	-0.72	0.81	-0.55		0.36	DCTH
OSA	0.18	-0.53	-0.29	0.05	0.05	-0.3	0.2	-0.03	0.36		OSA
	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA

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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

NPCE	+ 0.86	HSKA
DCTH	+ 0.81	NPCE
DCTH	+ 0.6	CVRX
OFIX	+ 0.55	CVRX
TELA	+ 0.55	SRDX
DCTH	+ 0.52	HSKA

High negative correlations

TMDX	- 0.75	HSKA
TMDX	- 0.74	NPCE
DCTH	- 0.72	TELA
DCTH	- 0.55	TMDX
NPCE	- 0.54	TELA
OSA	- 0.53	SRDX

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	3.62	0.79	0.18	1.17	3.52	(4.26)	7.38	(6.75)	41.08
SRDX	0.80	(0.16)	0.00	(1.00)	0.00	0.00	1.68	(1.84)	9.34
LUNG	2.97	(0.05)	0.00	(0.07)	0.00	0.00	8.44	(5.32)	20.44
HSKA	1.18	0.59	0.91	23.02	0.00	(1.25)	3.63	(0.71)	21.36
OFIX	1.47	0.19	0.08	0.40	1.70	(1.57)	3.14	(3.15)	12.11
TELA	2.14	(0.12)	0.00	(0.25)	0.00	0.00	4.15	(4.64)	13.09
NPCE	3.81	1.25	0.34	1.74	2.94	(4.66)	9.73	(6.20)	35.79
TMDX	3.93	(0.75)	0.00	11.10	0.00	0.00	8.06	(8.25)	30.75
DCTH	2.94	0.55	0.16	0.50	3.16	(3.31)	6.40	(4.81)	15.79
OSA	104.70	51.18	1.97	2.64	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

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