GeneDx Holdings Correlations
| WGS Stock | 78.71 6.64 9.21% |
The current 90-days correlation between GeneDx Holdings Corp and Nutex Health is 0.02 (i.e., Significant diversification). The correlation of GeneDx Holdings 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.
GeneDx Holdings Correlation With Market
Significant diversification
The correlation between GeneDx Holdings Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GeneDx Holdings Corp and DJI in the same portfolio, assuming nothing else is changed.
GeneDx |
Moving together with GeneDx Stock
| 0.71 | DOCS | Doximity | PairCorr |
| 0.85 | VMD | Viemed Healthcare | PairCorr |
| 0.61 | ITGR | Integer Holdings Corp | PairCorr |
| 0.62 | NXGL | Nexgel Inc | PairCorr |
| 0.75 | OMIC | Singular Genomics Systems | PairCorr |
| 0.87 | EWTX | Edgewise Therapeutics | PairCorr |
| 0.86 | EXEL | Exelixis | PairCorr |
| 0.87 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
Moving against GeneDx Stock
| 0.85 | AGL | agilon health | PairCorr |
| 0.81 | FORA | Forian Inc | PairCorr |
| 0.81 | EVH | Evolent Health | PairCorr |
| 0.79 | AMN | AMN Healthcare Services | PairCorr |
| 0.64 | IVP | Inspire Veterinary | PairCorr |
| 0.64 | PHG | Koninklijke Philips | PairCorr |
| 0.45 | DH | Definitive Healthcare | PairCorr |
| 0.78 | ME | 23Andme Holding | PairCorr |
| 0.78 | VALN | Valneva SE ADR | PairCorr |
| 0.68 | CYRX | Cryoport | PairCorr |
| 0.65 | BACK | IMAC Holdings | PairCorr |
| 0.63 | VCNX | Vaccinex | PairCorr |
| 0.58 | ADUS | Addus HomeCare | PairCorr |
| 0.55 | ATPC | Agape ATP | PairCorr |
| 0.51 | A | Agilent Technologies Earnings Call Today | PairCorr |
| 0.33 | DOMH | Dominari Holdings | PairCorr |
| 0.92 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | HLN | Haleon plc | PairCorr |
| 0.77 | LLY | Eli Lilly Sell-off Trend | PairCorr |
| 0.76 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.62 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.41 | 0.45 | 0.69 | -0.42 | 0.0 | BEAT | ||
| 0.41 | 0.2 | 0.4 | -0.42 | 0.5 | EUDA | ||
| 0.45 | 0.2 | 0.62 | -0.48 | -0.09 | NUTX | ||
| 0.69 | 0.4 | 0.62 | -0.62 | -0.06 | HCTI | ||
| -0.42 | -0.42 | -0.48 | -0.62 | 0.19 | MGRX | ||
| 0.0 | 0.5 | -0.09 | -0.06 | 0.19 | ACON | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GeneDx Stock performing well and GeneDx Holdings 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 GeneDx Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BEAT | 3.32 | 0.27 | 0.08 | 0.34 | 3.32 | 10.30 | 22.69 | |||
| EUDA | 4.61 | 0.09 | 0.01 | 0.27 | 6.74 | 9.70 | 26.33 | |||
| NUTX | 5.46 | 0.71 | 0.13 | 0.61 | 5.30 | 11.28 | 47.75 | |||
| HCTI | 7.71 | 2.10 | 0.20 | 6.22 | 8.22 | 10.34 | 131.09 | |||
| MGRX | 4.39 | (0.57) | 0.00 | (9.18) | 0.00 | 7.29 | 37.65 | |||
| ACON | 4.36 | (0.46) | 0.00 | (0.07) | 0.00 | 11.11 | 35.83 |
GeneDx Holdings Corporate Management
| Daniel JD | Secretary | Profile | |
| Britt Johnson | Head Affairs | Profile | |
| Jami Biliboaca | Head Strategy | Profile | |
| Eric Olivares | Chief Officer | Profile | |
| Tricia Truehart | Head Relations | Profile | |
| MBA JD | General Counsel | Profile |