Solventum Corp Correlations

SOLV Stock

75.55 0.40 0.53%

The current 90-days correlation between Solventum Corp and Encompass Health Corp is 0.42 (i.e., Very weak diversification). The correlation of Solventum Corp 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.

Solventum Corp Correlation With Market

Good diversification

The correlation between Solventum Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solventum Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Solventum Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum Corp. 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.

For more information on how to buy Solventum Stock please use our How to Invest in Solventum Corp guide.

Moving together with Solventum Stock

0.62

IL3

Integra LifeSciences

Pair Corr

Moving against Solventum Stock

0.5	HYB	HOYA	Pair Corr
0.4	ECOR	Electrocore LLC	Pair Corr
0.39	OM	Outset Medical	Pair Corr
0.32	VREX	Varex Imaging Corp	Pair Corr
0.37	OC5	Cochlear Limited	Pair Corr
0.31	LHU	LeMaitre Vascular	Pair Corr

Related Correlations Analysis

	EHC	ENSG	UHS	ELAN	RDY	RVTY	ALGN	DOCS	ICLR	QGEN
EHC		0.35	0.89	-0.53	0.54	-0.65	-0.44	0.49	-0.26	-0.72	EHC
ENSG	0.35		0.34	0.45	0.35	-0.15	0.49	-0.57	-0.81	0.19	ENSG
UHS	0.89	0.34		-0.51	0.73	-0.64	-0.42	0.4	-0.26	-0.64	UHS
ELAN	-0.53	0.45	-0.51		-0.34	0.62	0.72	-0.72	-0.27	0.83	ELAN
RDY	0.54	0.35	0.73	-0.34		-0.61	-0.1	-0.02	-0.31	-0.43	RDY
RVTY	-0.65	-0.15	-0.64	0.62	-0.61		0.46	-0.25	0.38	0.76	RVTY
ALGN	-0.44	0.49	-0.42	0.72	-0.1	0.46		-0.83	-0.22	0.61	ALGN
DOCS	0.49	-0.57	0.4	-0.72	-0.02	-0.25	-0.83		0.54	-0.66	DOCS
ICLR	-0.26	-0.81	-0.26	-0.27	-0.31	0.38	-0.22	0.54		-0.14	ICLR
QGEN	-0.72	0.19	-0.64	0.83	-0.43	0.76	0.61	-0.66	-0.14		QGEN
	EHC	ENSG	UHS	ELAN	RDY	RVTY	ALGN	DOCS	ICLR	QGEN

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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

UHS	+ 0.89	EHC
QGEN	+ 0.83	ELAN
QGEN	+ 0.76	RVTY
RDY	+ 0.73	UHS
ALGN	+ 0.72	ELAN
RVTY	+ 0.62	ELAN

High negative correlations

DOCS	- 0.83	ALGN
ICLR	- 0.81	ENSG
DOCS	- 0.72	ELAN
QGEN	- 0.72	EHC
QGEN	- 0.66	DOCS
RVTY	- 0.65	EHC

Risk-Adjusted Indicators

There is a big difference between Solventum Stock performing well and Solventum Corp 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 Solventum Corp'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
EHC	1.11	(0.10)	0.00	(0.10)	0.00	0.00	2.70	(2.24)	7.06
ENSG	1.19	0.26	0.17	(5.09)	0.90	(1.52)	3.15	(1.62)	13.52
UHS	1.29	0.06	0.02	0.19	1.70	(1.43)	2.86	(2.57)	8.92
ELAN	1.56	0.12	0.07	0.16	1.87	(1.76)	3.66	(3.58)	10.56
RDY	0.87	0.04	0.00	0.14	1.16	(0.81)	1.72	(1.93)	6.08
RVTY	1.82	(0.01)	0.01	0.06	2.09	(2.15)	4.52	(3.48)	11.58
ALGN	1.74	0.38	0.21	0.29	1.60	(2.13)	4.70	(3.30)	15.79
DOCS	2.28	(1.08)	0.00	(4.13)	0.00	0.00	2.38	(5.92)	25.39
ICLR	3.05	(0.77)	0.00	(0.18)	0.00	0.00	4.72	(7.24)	45.92
QGEN	1.34	0.36	0.25	(0.77)	0.86	(1.97)	2.86	(2.44)	19.34

Solventum Corp Corporate Management

Katie Sagnella	VP Staff	Profile
Sanjiv Arora	Chief Officer	Profile
Rachel Ellingson	Chief Officer	Profile
Mary Wilcox	Chief Officer	Profile
Tammy Gomez	Chief Officer	Profile

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