Solventum Corp Correlations

SOLV Stock

72.62 0.28 0.39%

The current 90-days correlation between Solventum Corp and MGIC Investment Corp is 0.48 (i.e., Very weak diversification). The correlation of Solventum Corp 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.

Solventum Corp Correlation With Market

Poor diversification

The correlation between Solventum Corp and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solventum Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Solventum Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solventum 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 bureau of economic analysis.

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

Moving together with Solventum Stock

0.88	DH	Definitive Healthcare	Pair Corr
0.67	EW	Edwards Lifesciences Corp Earnings Call Today	Pair Corr
0.81	LH	Laboratory Earnings Call This Week	Pair Corr
0.95	OM	Outset Medical	Pair Corr
0.8	VEEV	Veeva Systems Class	Pair Corr
0.78	DXCM	DexCom Inc Earnings Call Tomorrow	Pair Corr
0.88	ENSG	Ensign Group Earnings Call Tomorrow	Pair Corr
0.71	FIGS	Figs Inc	Pair Corr
0.7	MDAI	Spectral AI	Pair Corr
0.74	MHUA	Meihua International	Pair Corr

Moving against Solventum Stock

0.59	CI	Cigna Corp	Pair Corr
0.46	ECOR	Electrocore LLC	Pair Corr
0.44	DRIO	DarioHealth Corp	Pair Corr
0.78	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.77	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.69	ICCM	Icecure Medical	Pair Corr
0.66	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.62	EMBC	Embecta Corp	Pair Corr
0.59	ELMD	Electromed	Pair Corr
0.51	ELAB	Elevai Labs, Common	Pair Corr
0.85	NAOV	NanoVibronix	Pair Corr
0.83	MXCT	MaxCyte	Pair Corr
0.73	NXGLW	NexGel Warrant	Pair Corr
0.73	NXLIW	Nexalin Technology	Pair Corr
0.7	MNDR	Mobile health Network	Pair Corr
0.64	MODD	Modular Medical	Pair Corr

Related Correlations Analysis

	SNDL	DEO	MTG	SLF	HUIZ	WVVIP	KFS
SNDL		0.04	-0.67	-0.52	0.36	0.23	-0.14	SNDL
DEO	0.04		-0.35	-0.51	-0.3	0.59	-0.79	DEO
MTG	-0.67	-0.35		0.84	0.16	-0.68	0.61	MTG
SLF	-0.52	-0.51	0.84		0.27	-0.81	0.77	SLF
HUIZ	0.36	-0.3	0.16	0.27		-0.37	0.43	HUIZ
WVVIP	0.23	0.59	-0.68	-0.81	-0.37		-0.84	WVVIP
KFS	-0.14	-0.79	0.61	0.77	0.43	-0.84		KFS
	SNDL	DEO	MTG	SLF	HUIZ	WVVIP	KFS

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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

SLF	+ 0.84	MTG
KFS	+ 0.77	SLF
KFS	+ 0.61	MTG
WVVIP	+ 0.59	DEO
KFS	+ 0.43	HUIZ
HUIZ	+ 0.36	SNDL

High negative correlations

KFS	- 0.84	WVVIP
WVVIP	- 0.81	SLF
KFS	- 0.79	DEO
WVVIP	- 0.68	MTG
MTG	- 0.67	SNDL
SLF	- 0.52	SNDL

Risk-Adjusted Indicators

There is a big difference between Solventum Stock performing well and Solventum Corp 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 Solventum Corp'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
SNDL	2.15	0.18	0.06	0.33	2.12	(2.76)	4.70	(3.76)	18.10
DEO	1.03	(0.13)	0.00	(0.21)	0.00	0.00	2.20	(2.07)	8.07
MTG	1.19	(0.06)	(0.03)	0.08	1.55	(1.18)	2.42	(2.46)	7.29
SLF	0.70	0.07	(0.01)	0.32	0.97	(0.78)	1.16	(1.23)	7.69
HUIZ	2.87	0.71	0.16	(7.29)	2.84	(3.56)	7.41	(5.26)	18.00
WVVIP	1.90	(0.02)	0.00	0.17	0.00	0.00	3.89	(4.03)	12.04
KFS	2.32	1.00	0.33	(1.88)	1.65	(2.69)	7.98	(3.21)	18.34

Solventum Corp Corporate Management

Katie Sagnella	VP Staff	Profile
Sanjiv Arora	Chief Officer	Profile
Rachel Ellingson	Chief Officer	Profile
Mary Wilcox	Chief Officer	Profile
Tammy Gomez	Chief Officer	Profile

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