EXACT Sciences Correlations

EXAS Stock

USD 101.82 0.44 0.43%

The current 90-days correlation between EXACT Sciences and Guardant Health is 0.13 (i.e., Average 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

Good diversification

The correlation between EXACT Sciences and DJI is -0.03 (i.e., Good 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

0.67	GILD	Gilead Sciences	Pair Corr
0.92	ACW	Actinogen Medical	Pair Corr
0.79	AMGN	Amgen Inc	Pair Corr
0.78	NHIC	NewHold Investment Corp	Pair Corr
0.82	JBHT	JB Hunt Transport	Pair Corr
0.83	MTC	MMTEC Inc Tech Boost	Pair Corr
0.8	AAPL	Apple Inc	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.92	MRK	Merck Company Aggressive Push	Pair Corr
0.91	JNJ	Johnson Johnson	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.68	AXP	American Express	Pair Corr
0.79	KO	Coca Cola	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.79	WMT	Walmart Common Stock	Pair Corr
0.67	MMM	3M Company	Pair Corr

Moving against EXACT Stock

0.74	AVH	Avita Medical	Pair Corr
0.52	ROQ	Roquefort Investments PLC	Pair Corr
0.86	MSFT	Microsoft Aggressive Push	Pair Corr
0.84	HD	Home Depot	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.67	DIS	Walt Disney	Pair Corr
0.63	BA	Boeing	Pair Corr
0.57	T	ATT Inc	Pair Corr
0.53	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	GH	ICLR	VTRS	BBIO	SMMT	RVTY	ROIV	RVMD	DOCS	QGEN
GH		-0.26	0.76	0.91	-0.77	0.7	0.93	0.94	-0.89	-0.21	GH
ICLR	-0.26		0.15	-0.03	0.42	0.38	-0.18	-0.05	0.14	0.66	ICLR
VTRS	0.76	0.15		0.87	-0.6	0.73	0.85	0.86	-0.85	-0.08	VTRS
BBIO	0.91	-0.03	0.87		-0.69	0.78	0.92	0.97	-0.92	-0.09	BBIO
SMMT	-0.77	0.42	-0.6	-0.69		-0.45	-0.74	-0.74	0.74	0.28	SMMT
RVTY	0.7	0.38	0.73	0.78	-0.45		0.71	0.81	-0.68	0.45	RVTY
ROIV	0.93	-0.18	0.85	0.92	-0.74	0.71		0.93	-0.91	-0.17	ROIV
RVMD	0.94	-0.05	0.86	0.97	-0.74	0.81	0.93		-0.95	-0.07	RVMD
DOCS	-0.89	0.14	-0.85	-0.92	0.74	-0.68	-0.91	-0.95		0.21	DOCS
QGEN	-0.21	0.66	-0.08	-0.09	0.28	0.45	-0.17	-0.07	0.21		QGEN
	GH	ICLR	VTRS	BBIO	SMMT	RVTY	ROIV	RVMD	DOCS	QGEN

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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

RVMD	+ 0.97	BBIO
RVMD	+ 0.94	GH
ROIV	+ 0.93	GH
RVMD	+ 0.93	ROIV
ROIV	+ 0.92	BBIO
BBIO	+ 0.91	GH

High negative correlations

DOCS	- 0.95	RVMD
DOCS	- 0.92	BBIO
DOCS	- 0.91	ROIV
DOCS	- 0.89	GH
DOCS	- 0.85	VTRS
SMMT	- 0.77	GH

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
GH	2.48	0.88	0.33	(282.98)	1.74	(2.91)	5.53	(3.79)	33.86
ICLR	1.98	(0.03)	0.00	0.03	2.17	(2.49)	5.23	(3.45)	16.52
VTRS	1.26	0.29	0.15	0.28	1.50	(1.29)	2.68	(2.36)	12.76
BBIO	1.97	0.51	0.29	0.39	1.53	(2.48)	4.23	(3.26)	22.02
SMMT	2.76	(0.14)	0.00	(0.02)	0.00	0.00	6.49	(5.74)	18.83
RVTY	1.67	0.11	0.08	0.12	1.61	(2.04)	4.52	(3.29)	9.18
ROIV	1.51	0.51	0.31	0.73	1.16	(1.82)	4.10	(2.67)	7.94
RVMD	1.76	0.80	0.51	0.92	0.97	(2.25)	4.90	(2.52)	11.71
DOCS	1.95	(0.82)	0.00	(0.48)	0.00	0.00	2.48	(5.14)	19.10
QGEN	1.00	(0.05)	0.00	(0.03)	0.00	0.00	2.56	(2.45)	7.00

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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