Definitive Healthcare Correlations
| DH Stock | USD 4.01 0.03 0.74% |
The current 90-days correlation between Definitive Healthcare and National Research Corp is 0.4 (i.e., Very weak 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
Very weak diversification
The correlation between Definitive Healthcare Corp and DJI is 0.56 (i.e., Very 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.
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Moving together with Definitive Stock
| 0.63 | DOCS | Doximity | PairCorr |
| 0.66 | VNRX | Volitionrx | PairCorr |
| 0.61 | ECOR | Electrocore LLC | PairCorr |
| 0.66 | VVOS | Vivos Therapeutics | PairCorr |
| 0.65 | FIGS | Figs Inc | PairCorr |
Moving against Definitive Stock
| 0.69 | EHAB | Enhabit | PairCorr |
| 0.55 | CNC | Centene Corp | PairCorr |
| 0.43 | ELV | Elevance Health | PairCorr |
| 0.41 | EDAP | EDAP TMS SA | PairCorr |
| 0.4 | FLGT | Fulgent Genetics | PairCorr |
| 0.36 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.67 | KMTS | Kestra Medical Techn | PairCorr |
| 0.46 | MOH | Molina Healthcare | PairCorr |
| 0.4 | GCTK | GlucoTrack | PairCorr |
| 0.38 | ISRG | Intuitive Surgical | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 2.38 | (0.07) | 0.02 | 0.07 | 2.91 | 4.26 | 16.28 | |||
| CERT | 2.48 | (0.24) | 0.00 | (0.02) | 0.00 | 4.73 | 23.91 | |||
| HCAT | 3.23 | (0.26) | (0.01) | 0.02 | 4.92 | 7.19 | 30.73 | |||
| HSTM | 1.02 | (0.10) | (0.08) | 0.01 | 1.23 | 2.16 | 5.30 | |||
| LFST | 2.17 | (0.34) | 0.00 | (0.05) | 0.00 | 4.58 | 16.10 | |||
| CWAN | 1.75 | (0.31) | 0.00 | (0.06) | 0.00 | 3.48 | 11.90 | |||
| CTKB | 3.18 | 0.53 | 0.21 | 0.30 | 2.97 | 6.61 | 28.87 | |||
| AVDX | 0.10 | 0.02 | (0.60) | (0.69) | 0.00 | 0.31 | 0.72 |
Definitive Healthcare Corporate Management
| 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 | |
| Richard CPA | Chief Officer | Profile |