CLARIVATE PLC Correlations

CLVT Stock

USD 3.59 0.02 0.55%

The current 90-days correlation between CLARIVATE PLC and Genpact Limited is 0.44 (i.e., Very 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

Very weak diversification

The correlation between CLARIVATE PLC and DJI is 0.56 (i.e., Very weak 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.

Build AI portfolio with CLARIVATE Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CLARIVATE PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

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

Moving together with CLARIVATE Stock

0.64

LPBBU

Launch Two Acquisition

Pair Corr

Moving against CLARIVATE Stock

0.67	MSFT	Microsoft	Pair Corr
0.54	BB	BlackBerry	Pair Corr
0.47	BTE	Baytex Energy Corp	Pair Corr
0.46	UCPA	United Communications	Pair Corr
0.45	IONS	Ionis Pharmaceuticals Sell-off Trend	Pair Corr
0.44	LUNA	Luna Innovations	Pair Corr
0.35	CPA	Copa Holdings SA	Pair Corr
0.33	SSRM	SSR Mining	Pair Corr
0.67	WLACW	Willow Lane Acquisition Trending	Pair Corr
0.61	PC	Premium Catering	Pair Corr
0.61	LAC	Lithium Americas Corp	Pair Corr
0.61	NUVSF	NuVista Energy	Pair Corr
0.52	MU	Micron Technology	Pair Corr
0.52	EMPG	Empro Group Ordinary	Pair Corr
0.5	USAU	US Gold Corp	Pair Corr
0.47	TSHA	Taysha Gene Therapies	Pair Corr
0.45	CJEWF	Chow Tai Fook	Pair Corr

Related Correlations Analysis

	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET
G		0.3	0.73	-0.71	-0.65	-0.61	0.6	0.45	0.63	-0.62	G
EXLS	0.3		-0.04	0.23	0.22	-0.03	0.35	-0.2	-0.15	-0.02	EXLS
SAIC	0.73	-0.04		-0.77	-0.54	-0.42	0.56	0.21	0.51	-0.77	SAIC
WNS	-0.71	0.23	-0.77		0.91	0.79	-0.33	-0.59	-0.84	0.75	WNS
LDOS	-0.65	0.22	-0.54	0.91		0.83	-0.19	-0.81	-0.92	0.59	LDOS
PSN	-0.61	-0.03	-0.42	0.79	0.83		-0.35	-0.5	-0.75	0.61	PSN
ASGN	0.6	0.35	0.56	-0.33	-0.19	-0.35		-0.08	0.19	-0.52	ASGN
IT	0.45	-0.2	0.21	-0.59	-0.81	-0.5	-0.08		0.87	-0.16	IT
HCKT	0.63	-0.15	0.51	-0.84	-0.92	-0.75	0.19	0.87		-0.51	HCKT
VNET	-0.62	-0.02	-0.77	0.75	0.59	0.61	-0.52	-0.16	-0.51		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

LDOS	+ 0.91	WNS
HCKT	+ 0.87	IT
PSN	+ 0.83	LDOS
PSN	+ 0.79	WNS
VNET	+ 0.75	WNS
SAIC	+ 0.73	G

High negative correlations

HCKT	- 0.92	LDOS
HCKT	- 0.84	WNS
IT	- 0.81	LDOS
VNET	- 0.77	SAIC
WNS	- 0.77	SAIC
HCKT	- 0.75	PSN

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	1.05	(0.23)	0.00	(0.18)	0.00	0.00	1.97	(2.11)	6.46
EXLS	1.17	(0.16)	0.00	(0.11)	0.00	0.00	1.98	(2.92)	6.31
SAIC	1.23	(0.29)	0.00	(0.27)	0.00	0.00	1.80	(2.80)	9.79
WNS	0.09	0.02	0.00	0.95	0.00	(0.11)	0.24	(0.17)	0.91
LDOS	0.90	0.20	0.15	0.21	1.07	(0.99)	1.82	(2.11)	10.14
PSN	1.35	0.19	0.11	0.21	1.55	(1.48)	2.80	(2.11)	12.00
ASGN	2.04	(0.18)	0.00	(0.06)	0.00	0.00	4.52	(3.72)	15.23
IT	2.04	(0.68)	0.00	(0.35)	0.00	0.00	2.58	(4.52)	30.04
HCKT	1.28	(0.49)	0.00	(0.30)	0.00	0.00	1.93	(3.30)	10.36
VNET	4.14	0.39	0.09	0.17	4.23	(4.98)	12.94	(6.97)	24.01

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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