Revvity Correlations

RVTY Stock

93.26 2.25 2.36%

The current 90-days correlation between Revvity and Mettler Toledo International is 0.86 (i.e., Very poor diversification). The correlation of Revvity 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.

Revvity Correlation With Market

Poor diversification

The correlation between Revvity and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Revvity and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Revvity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Revvity Stock

0.69	NKTR	Nektar Therapeutics	Pair Corr
0.65	MRK	Merck Company	Pair Corr
0.68	PFE	Pfizer Inc	Pair Corr
0.7	KMDA	Kamada	Pair Corr
0.61	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.74	INTC	Intel Earnings Call This Week	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr

Moving against Revvity Stock

0.62	MCD	McDonalds	Pair Corr
0.48	TRV	The Travelers Companies	Pair Corr
0.32	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MTD	WAT	SHC	CRL	ICLR	BALL	ELV	AZTA	FBIN
MTD		0.23	0.24	0.94	0.21	0.9	-0.71	0.83	0.15	MTD
WAT	0.23		0.53	0.12	-0.21	0.01	0.32	-0.08	-0.04	WAT
SHC	0.24	0.53		0.22	-0.51	0.03	0.05	-0.16	0.23	SHC
CRL	0.94	0.12	0.22		0.24	0.93	-0.78	0.86	0.12	CRL
ICLR	0.21	-0.21	-0.51	0.24		0.4	-0.22	0.59	0.15	ICLR
BALL	0.9	0.01	0.03	0.93	0.4		-0.81	0.92	0.2	BALL
ELV	-0.71	0.32	0.05	-0.78	-0.22	-0.81		-0.76	-0.19	ELV
AZTA	0.83	-0.08	-0.16	0.86	0.59	0.92	-0.76		0.15	AZTA
FBIN	0.15	-0.04	0.23	0.12	0.15	0.2	-0.19	0.15		FBIN
	MTD	WAT	SHC	CRL	ICLR	BALL	ELV	AZTA	FBIN

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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

CRL	+ 0.94	MTD
BALL	+ 0.93	CRL
AZTA	+ 0.92	BALL
BALL	+ 0.9	MTD
AZTA	+ 0.86	CRL
AZTA	+ 0.83	MTD

High negative correlations

ELV	- 0.81	BALL
ELV	- 0.78	CRL
AZTA	- 0.76	ELV
ELV	- 0.71	MTD
ICLR	- 0.51	SHC
ELV	- 0.22	ICLR

Risk-Adjusted Indicators

There is a big difference between Revvity Stock performing well and Revvity 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 Revvity'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
MTD	1.73	(0.09)	0.02	0.08	2.01	(1.76)	4.11	(3.35)	13.69
WAT	1.73	(0.41)	0.00	(0.13)	0.00	0.00	2.54	(3.80)	20.38
SHC	1.59	(0.08)	(0.03)	0.06	1.67	(1.89)	3.96	(2.98)	8.96
CRL	1.85	0.39	0.20	0.38	1.81	(2.04)	3.42	(3.37)	24.64
ICLR	1.75	(0.18)	0.00	(0.01)	0.00	0.00	3.77	(4.11)	10.55
BALL	1.08	0.16	0.11	0.33	0.95	(1.28)	3.08	(1.98)	7.08
ELV	1.95	(0.81)	0.00	(0.56)	0.00	0.00	2.64	(8.38)	16.42
AZTA	2.30	0.03	0.03	0.15	2.40	(2.59)	5.72	(3.70)	15.12
FBIN	1.96	0.15	(0.01)	(0.21)	2.52	(2.00)	3.73	(3.18)	17.31

Revvity Corporate Management

Andrew Okun	Chief VP	Profile
Joel Goldberg	General Administration	Profile
Jayashree Thacker	Senior Officer	Profile
Madhuri FACMG	Senior Officer	Profile
Bryan Kipp	Senior Licensing	Profile
Miriame Victor	Senior Officer	Profile
Magali Four	Senior Officer	Profile

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