Definitive Healthcare Correlations

DH Stock

USD 3.93 0.17 4.52%

The current 90-days correlation between Definitive Healthcare and Certara is 0.26 (i.e., Modest diversification). The correlation of Definitive Healthcare 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.

Definitive Healthcare Correlation With Market

Modest diversification

The correlation between Definitive Healthcare Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Definitive Healthcare Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Definitive Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Definitive Healthcare 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 rate.

Moving together with Definitive Stock

0.71	EW	Edwards Lifesciences Corp	Pair Corr
0.86	LH	Laboratory	Pair Corr
0.9	OM	Outset Medical	Pair Corr
0.84	VEEV	Veeva Systems Class	Pair Corr
0.83	DXCM	DexCom Inc	Pair Corr
0.88	EHAB	Enhabit	Pair Corr
0.89	ENSG	Ensign Group	Pair Corr
0.74	FIGS	Figs Inc	Pair Corr
0.8	FLGT	Fulgent Genetics	Pair Corr
0.66	ABT	Abbott Laboratories	Pair Corr
0.62	AHG	Akso Health Group	Pair Corr

Moving against Definitive Stock

0.82	WGRX	Wellgistics Health,	Pair Corr
0.68	ELMD	Electromed	Pair Corr
0.6	EKSO	Ekso Bionics Holdings	Pair Corr
0.59	EMBC	Embecta Corp	Pair Corr
0.57	CI	Cigna Corp	Pair Corr
0.55	ECOR	Electrocore LLC	Pair Corr
0.45	ELAB	Elevai Labs, Common	Pair Corr
0.32	VERO	Venus Concept	Pair Corr
0.84	AGL	agilon health	Pair Corr
0.73	FOXO	FOXO Technologies	Pair Corr
0.62	WORX	Scworx Corp	Pair Corr
0.62	FEMY	Femasys	Pair Corr
0.62	AMS	American Shared Hospital	Pair Corr
0.62	CNC	Centene Corp	Pair Corr
0.6	BDX	Becton Dickinson Sell-off Trend	Pair Corr
0.57	XAIR	Beyond Air	Pair Corr
0.56	BVS	Bioventus	Pair Corr
0.56	CHE	Chemed Corp	Pair Corr
0.4	EUDA	EUDA Health Holdings	Pair Corr
0.38	COO	Cooper Companies,	Pair Corr

Related Correlations Analysis

	CERT	HSTM	NRC	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF
CERT		0.25	-0.51	-0.18	-0.02	-0.04	-0.18	0.0	-0.21	0.62	CERT
HSTM	0.25		-0.58	-0.67	-0.64	-0.72	-0.61	0.0	0.55	0.42	HSTM
NRC	-0.51	-0.58		0.75	0.73	0.6	0.74	0.0	-0.12	-0.54	NRC
LBHIX	-0.18	-0.67	0.75		0.92	0.92	0.97	0.0	-0.46	-0.3	LBHIX
MSTSX	-0.02	-0.64	0.73	0.92		0.89	0.92	0.0	-0.49	-0.26	MSTSX
VIASP	-0.04	-0.72	0.6	0.92	0.89		0.89	0.0	-0.62	-0.23	VIASP
RRTLX	-0.18	-0.61	0.74	0.97	0.92	0.89		0.0	-0.43	-0.31	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
70082LAB3	-0.21	0.55	-0.12	-0.46	-0.49	-0.62	-0.43	0.0		0.15	70082LAB3
SITKF	0.62	0.42	-0.54	-0.3	-0.26	-0.23	-0.31	0.0	0.15		SITKF
	CERT	HSTM	NRC	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.97	LBHIX
MSTSX	+ 0.92	LBHIX
VIASP	+ 0.92	LBHIX
RRTLX	+ 0.92	MSTSX
VIASP	+ 0.89	MSTSX
RRTLX	+ 0.89	VIASP

High negative correlations

VIASP	- 0.72	HSTM
LBHIX	- 0.67	HSTM
MSTSX	- 0.64	HSTM
70082LAB3	- 0.62	VIASP
RRTLX	- 0.61	HSTM
NRC	- 0.58	HSTM

Risk-Adjusted Indicators

There is a big difference between Definitive Stock performing well and Definitive Healthcare 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 Definitive Healthcare'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
CERT	2.80	0.07	0.02	0.15	3.10	(3.43)	7.51	(4.40)	33.87
HSTM	1.41	(0.19)	0.00	(0.26)	0.00	0.00	2.39	(2.02)	22.19
NRC	2.72	0.21	0.05	0.31	3.45	(2.68)	5.53	(5.53)	15.47
LBHIX	0.24	0.02	(0.07)	0.73	0.30	(0.35)	0.72	(0.49)	1.94
MSTSX	0.82	0.07	0.03	0.14	1.24	(0.88)	1.87	(1.54)	10.06
VIASP	0.63	0.10	0.05	1.04	0.67	(0.74)	1.81	(1.03)	4.84
RRTLX	0.40	0.05	(0.03)	(1.18)	0.62	(0.43)	0.82	(0.94)	4.11
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.57	(0.10)	0.00	0.76	0.00	0.00	2.71	(5.06)	20.47
SITKF	3.62	0.63	0.10	(12.61)	3.63	(5.84)	10.26	(6.98)	28.38

Definitive Healthcare Corporate Management

Jon Maack	President	Profile
Mary Delano	Senior Sciences	Profile
Matt Ruderman	Chief Secretary	Profile
David Kronfeld	Chief Officer	Profile
Richard CPA	Chief Officer	Profile
Marissa Odell	Senior Diversified	Profile
Rebecca Marani	Senior Provider	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC