EXACT Sciences Correlations

EXAS Stock

USD 64.85 1.94 3.08%

The current 90-days correlation between EXACT Sciences and Revvity is 0.34 (i.e., Weak diversification). The correlation of EXACT Sciences 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.

EXACT Sciences Correlation With Market

Modest diversification

The correlation between EXACT Sciences and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EXACT Sciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EXACT Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EXACT Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving together with EXACT Stock

0.61	BRK-A	Berkshire Hathaway	Pair Corr
0.7	36966TGR7	GENERAL ELEC CAP	Pair Corr
0.87	QVCGA	QVC Group Symbol Change	Pair Corr
0.64	GRYP	GRYP Old Symbol Change	Pair Corr
0.69	CHNXF	ChitogenX	Pair Corr
0.86	AA	Alcoa Corp Buyout Trend	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.86	INTC	Intel Earnings Call Today	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.82	GE	GE Aerospace	Pair Corr

Moving against EXACT Stock

0.65	AMKBY	AP Moeller Maersk	Pair Corr
0.65	BKNG	Booking Holdings Earnings Call This Week	Pair Corr
0.63	VLCN	Volcon Inc Symbol Change	Pair Corr
0.61	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.55	DIS	Walt Disney Sell-off Trend	Pair Corr
0.54	T	ATT Inc Earnings Call Today	Pair Corr
0.47	KO	Coca Cola Aggressive Push	Pair Corr
0.42	PG	Procter Gamble Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	RVTY	QGEN	VTRS	ROIV	BBIO	BAX	GH	RDY	ILMN	IONS
RVTY		0.69	-0.02	0.03	-0.11	0.56	-0.09	0.2	0.55	-0.14	RVTY
QGEN	0.69		-0.2	-0.52	-0.49	0.58	-0.5	-0.05	0.55	-0.61	QGEN
VTRS	-0.02	-0.2		0.22	0.53	-0.14	0.82	0.2	-0.13	0.25	VTRS
ROIV	0.03	-0.52	0.22		0.82	-0.48	0.63	0.27	-0.37	0.94	ROIV
BBIO	-0.11	-0.49	0.53	0.82		-0.5	0.78	0.19	-0.4	0.86	BBIO
BAX	0.56	0.58	-0.14	-0.48	-0.5		-0.45	0.34	0.77	-0.47	BAX
GH	-0.09	-0.5	0.82	0.63	0.78	-0.45		0.12	-0.42	0.62	GH
RDY	0.2	-0.05	0.2	0.27	0.19	0.34	0.12		0.47	0.26	RDY
ILMN	0.55	0.55	-0.13	-0.37	-0.4	0.77	-0.42	0.47		-0.42	ILMN
IONS	-0.14	-0.61	0.25	0.94	0.86	-0.47	0.62	0.26	-0.42		IONS
	RVTY	QGEN	VTRS	ROIV	BBIO	BAX	GH	RDY	ILMN	IONS

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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

IONS	+ 0.94	ROIV
IONS	+ 0.86	BBIO
GH	+ 0.82	VTRS
BBIO	+ 0.82	ROIV
GH	+ 0.78	BBIO
ILMN	+ 0.77	BAX

High negative correlations

IONS	- 0.61	QGEN
ROIV	- 0.52	QGEN
BAX	- 0.5	BBIO
GH	- 0.5	QGEN
BBIO	- 0.49	QGEN
BAX	- 0.48	ROIV

Risk-Adjusted Indicators

There is a big difference between EXACT Stock performing well and EXACT Sciences 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 EXACT Sciences' 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
RVTY	1.89	(0.11)	(0.02)	0.01	2.65	(1.80)	3.86	(3.68)	11.78
QGEN	1.01	(0.06)	0.00	(0.06)	0.00	0.00	1.83	(2.43)	6.72
VTRS	1.25	0.16	0.08	0.30	1.40	(1.26)	2.80	(2.50)	10.90
ROIV	1.38	0.62	0.57	0.67	0.54	(1.92)	4.10	(1.76)	9.10
BBIO	1.88	0.23	0.07	0.75	2.29	(2.08)	3.68	(3.40)	12.56
BAX	1.92	(0.31)	0.00	(0.13)	0.00	0.00	3.21	(2.83)	26.21
GH	2.52	0.61	0.18	1.37	2.58	(2.69)	6.69	(3.88)	18.69
RDY	0.94	0.04	0.00	0.22	1.35	(0.95)	2.05	(1.97)	5.80
ILMN	2.06	(0.18)	0.00	(0.02)	0.00	0.00	4.00	(4.24)	11.97
IONS	1.94	0.92	0.45	(1.91)	1.09	(2.32)	4.56	(2.56)	38.09

EXACT Sciences Corporate Management

Scott Coward	Sr. VP and General Counsel	Profile
Ana Hooker	Chief Officer	Profile
Aaron Bloomer	Executive Finance	Profile
Vic Parker	Head Sales	Profile
Sri Kalluri	Chief Officer	Profile
Nassar Nizami	Chief Officer	Profile

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