CLARIVATE PLC Correlations

CLVT Stock

USD 4.31 0.01 0.23%

The current 90-days correlation between CLARIVATE PLC and Genpact Limited is 0.35 (i.e., Weak diversification). The correlation of CLARIVATE PLC 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.

CLARIVATE PLC Correlation With Market

Poor diversification

The correlation between CLARIVATE PLC and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLARIVATE PLC and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with CLARIVATE Stock

0.7	G	Genpact Limited	Pair Corr
0.75	FA	First Advantage Corp	Pair Corr
0.82	FC	Franklin Covey	Pair Corr
0.79	KC	Kingsoft Cloud Holdings	Pair Corr
0.64	LZ	LegalZoom	Pair Corr
0.91	DLHC	DLH Holdings Corp	Pair Corr
0.86	VCIG	VCI Global Limited	Pair Corr
0.82	VLTO	Veralto Sell-off Trend	Pair Corr
0.9	EXLS	ExlService Holdings	Pair Corr
0.84	DLX	Deluxe	Pair Corr
0.88	HNI	HNI Corp	Pair Corr
0.74	FVRR	Fiverr International	Pair Corr
0.66	PBI	Pitney Bowes	Pair Corr
0.79	SMX	SMX Public Limited	Pair Corr
0.87	YIBO	Planet Image Interna	Pair Corr
0.66	INOD	Innodata	Pair Corr
0.77	LNZA	LanzaTech Global	Pair Corr
0.78	MATW	Matthews International	Pair Corr

Moving against CLARIVATE Stock

0.32	NL	NL Industries Earnings Call This Week	Pair Corr
0.56	WNS	WNS Holdings	Pair Corr
0.55	ACU	Acme United	Pair Corr
0.43	STN	Stantec	Pair Corr

Related Correlations Analysis

	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET
G		0.8	-0.69	-0.3	-0.55	0.23	0.64	0.76	0.82	0.76	G
EXLS	0.8		-0.55	-0.34	-0.26	0.53	0.75	0.88	0.84	0.64	EXLS
SAIC	-0.69	-0.55		0.44	0.86	0.1	-0.74	-0.71	-0.83	-0.84	SAIC
WNS	-0.3	-0.34	0.44		0.16	-0.01	-0.21	-0.6	-0.3	-0.53	WNS
LDOS	-0.55	-0.26	0.86	0.16		0.3	-0.54	-0.38	-0.66	-0.69	LDOS
PSN	0.23	0.53	0.1	-0.01	0.3		0.36	0.39	0.27	-0.14	PSN
ASGN	0.64	0.75	-0.74	-0.21	-0.54	0.36		0.83	0.9	0.7	ASGN
IT	0.76	0.88	-0.71	-0.6	-0.38	0.39	0.83		0.83	0.79	IT
HCKT	0.82	0.84	-0.83	-0.3	-0.66	0.27	0.9	0.83		0.79	HCKT
VNET	0.76	0.64	-0.84	-0.53	-0.69	-0.14	0.7	0.79	0.79		VNET
	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET

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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

HCKT	+ 0.9	ASGN
IT	+ 0.88	EXLS
LDOS	+ 0.86	SAIC
HCKT	+ 0.84	EXLS
IT	+ 0.83	ASGN
HCKT	+ 0.83	IT

High negative correlations

VNET	- 0.84	SAIC
HCKT	- 0.83	SAIC
ASGN	- 0.74	SAIC
IT	- 0.71	SAIC
VNET	- 0.69	LDOS
SAIC	- 0.69	G

Risk-Adjusted Indicators

There is a big difference between CLARIVATE Stock performing well and CLARIVATE PLC 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 CLARIVATE PLC'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
G	1.53	(0.11)	0.00	(0.29)	0.00	0.00	1.60	(3.27)	26.39
EXLS	1.49	(0.05)	0.00	(0.17)	0.00	0.00	1.91	(4.32)	12.26
SAIC	1.58	0.27	0.17	0.45	1.77	(1.88)	3.59	(3.57)	14.92
WNS	1.89	0.03	0.00	(0.09)	0.00	0.00	4.57	(4.27)	18.81
LDOS	1.31	0.24	0.17	0.26	1.51	(1.46)	4.60	(2.71)	10.47
PSN	2.01	(0.17)	0.00	(0.34)	0.00	0.00	3.90	(4.43)	12.83
ASGN	2.02	(0.57)	0.00	(0.89)	0.00	0.00	3.52	(4.84)	19.92
IT	1.51	(0.20)	0.00	(0.32)	0.00	0.00	2.57	(3.47)	11.06
HCKT	1.15	(0.30)	0.00	(0.65)	0.00	0.00	1.71	(2.67)	11.30
VNET	5.37	(0.13)	0.00	(0.22)	0.00	0.00	12.92	(10.40)	30.31

CLARIVATE PLC Corporate Management

Melanie JD	Chief Secretary	Profile
Michael Easton	Senior Vice President - Finance, Chief Accounting Officer	Profile
Jaspal Chahal	Chief Legal Officer, General Counsel	Profile
Ed Mattix	Chief Officer	Profile
Stefano Maestri	Chief Officer	Profile
William Graff	Executive Officer	Profile
Mark Donohue	Head Relations	Profile

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