Definitive Healthcare Correlations

DH Stock

USD 2.31 0.01 0.43%

The current 90-days correlation between Definitive Healthcare and National Research Corp is -0.05 (i.e., Good 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

Weak diversification

The correlation between Definitive Healthcare Corp and DJI is 0.36 (i.e., Weak 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

0.79	EVH	Evolent Health	Pair Corr
0.64	SUME	Summer Energy Holdings	Pair Corr

Moving against Definitive Stock

0.82	NILIF	Surge Battery Metals	Pair Corr
0.8	ARR	ARMOUR Residential REIT	Pair Corr
0.76	MMLTF	MMG Limited	Pair Corr
0.74	HMDPF	Hammond Power Solutions	Pair Corr
0.74	IESFY	Interconnection Electric	Pair Corr
0.73	LNDNF	Lundin Energy AB	Pair Corr
0.71	ENS	Enersys	Pair Corr
0.58	TCRT	Alaunos Therapeutics	Pair Corr
0.57	ETCC	Environmmtl Tectonic	Pair Corr
0.49	NGKIF	NGK Insulators	Pair Corr
0.49	COHN	Cohen Company Normal Trading	Pair Corr
0.45	BCEXF	BCE Inc	Pair Corr
0.44	300550	Heren Health	Pair Corr
0.42	ASTS	Ast Spacemobile Aggressive Push	Pair Corr
0.4	ARGTF	Artemis Gold	Pair Corr
0.34	DRIO	DarioHealth Corp	Pair Corr
0.82	CHDRF	Christian Dior SE	Pair Corr
0.75	OACC	Oaktree Acquisition Corp	Pair Corr
0.73	IAS	Integral Ad Science	Pair Corr
0.7	BSAA	BEST SPAC I	Pair Corr
0.66	AGX	Argan Inc	Pair Corr
0.66	PRTA	Prothena plc	Pair Corr
0.65	OOAG	OMDA Oil	Pair Corr
0.64	NBNKF	Nordea Bank Abp	Pair Corr
0.62	NBTX	Nanobiotix	Pair Corr
0.59	GEGYY	Genel Energy PLC	Pair Corr

Related Correlations Analysis

	NRC	TBRG	SPOK	NAKA	SOPH	KYTX	EDIT	OMI	CABA	SLP
NRC		0.67	-0.63	-0.5	0.18	0.31	-0.92	-0.7	-0.48	0.46	NRC
TBRG	0.67		-0.27	-0.33	0.19	0.27	-0.55	-0.39	-0.36	0.4	TBRG
SPOK	-0.63	-0.27		0.88	-0.66	-0.64	0.65	0.91	-0.03	-0.65	SPOK
NAKA	-0.5	-0.33	0.88		-0.67	-0.79	0.46	0.76	-0.05	-0.65	NAKA
SOPH	0.18	0.19	-0.66	-0.67		0.61	-0.23	-0.58	0.41	0.56	SOPH
KYTX	0.31	0.27	-0.64	-0.79	0.61		-0.24	-0.5	0.19	0.47	KYTX
EDIT	-0.92	-0.55	0.65	0.46	-0.23	-0.24		0.73	0.36	-0.52	EDIT
OMI	-0.7	-0.39	0.91	0.76	-0.58	-0.5	0.73		0.05	-0.63	OMI
CABA	-0.48	-0.36	-0.03	-0.05	0.41	0.19	0.36	0.05		0.11	CABA
SLP	0.46	0.4	-0.65	-0.65	0.56	0.47	-0.52	-0.63	0.11		SLP
	NRC	TBRG	SPOK	NAKA	SOPH	KYTX	EDIT	OMI	CABA	SLP

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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

OMI	+ 0.91	SPOK
NAKA	+ 0.88	SPOK
OMI	+ 0.76	NAKA
OMI	+ 0.73	EDIT
TBRG	+ 0.67	NRC
EDIT	+ 0.65	SPOK

High negative correlations

EDIT	- 0.92	NRC
KYTX	- 0.79	NAKA
OMI	- 0.7	NRC
SOPH	- 0.67	NAKA
SOPH	- 0.66	SPOK
SLP	- 0.65	NAKA

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
NRC	2.23	0.17	0.05	1.06	2.22	(2.88)	5.19	(3.98)	20.19
TBRG	1.34	0.13	0.06	0.34	1.48	(1.51)	2.78	(2.44)	7.02
SPOK	1.34	(0.45)	0.00	(0.35)	0.00	0.00	2.33	(3.68)	13.81
NAKA	5.70	(1.70)	0.00	(0.56)	0.00	0.00	10.20	(10.20)	33.33
SOPH	4.42	0.67	0.16	0.41	4.05	(5.32)	14.32	(7.81)	28.74
KYTX	6.15	1.34	0.26	0.49	5.29	(7.89)	14.65	(9.21)	44.97
EDIT	4.14	(0.05)	0.00	0.04	5.00	(4.49)	10.29	(8.82)	25.73
OMI	3.38	(0.76)	0.00	(1.99)	0.00	0.00	4.94	(7.23)	28.63
CABA	5.49	0.54	0.10	0.38	5.52	(7.51)	13.54	(10.30)	62.77
SLP	2.27	0.45	0.14	59.92	2.23	(2.53)	4.54	(3.87)	18.29

Definitive Healthcare Corporate Management

Justin Hubbard	SVP Business	Profile
Jonathan JD	Chief Secretary	Profile
Jon Maack	President	Profile
Mary Delano	Senior Sciences	Profile
Tina Hannagan	Chief Officer	Profile
Matt Ruderman	Chief Secretary	Profile
David Kronfeld	Chief Officer	Profile

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