CLARIVATE PLC Correlations

CLVT Stock

USD 4.19 0.09 2.10%

The current 90-days correlation between CLARIVATE PLC and Genpact Limited is 0.2 (i.e., Modest diversification). The correlation of CLARIVATE PLC 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.

CLARIVATE PLC Correlation With Market

Average diversification

The correlation between CLARIVATE PLC and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CLARIVATE PLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CLARIVATE PLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with CLARIVATE Stock

0.88	BV	BrightView Holdings	Pair Corr
0.81	FA	First Advantage Corp	Pair Corr
0.73	WFCF	Where Food Comes	Pair Corr
0.87	AXR	AMREP	Pair Corr
0.72	CBZ	CBIZ Inc	Pair Corr
0.91	FORR	Forrester Research	Pair Corr
0.92	CLH	Clean Harbors	Pair Corr
0.91	DLX	Deluxe	Pair Corr
0.74	KFY	Korn Ferry	Pair Corr
0.72	MMS	Maximus	Pair Corr
0.82	RHI	Robert Half International	Pair Corr
0.91	SOS	SOS Limited	Pair Corr
0.89	TBI	TrueBlue	Pair Corr
0.62	KELYA	Kelly Services A	Pair Corr
0.81	HSON	Hudson Global	Pair Corr
0.76	KFRC	Kforce Inc	Pair Corr

Moving against CLARIVATE Stock

0.65	GFL	Gfl Environmental	Pair Corr
0.57	VSEC	VSE Corporation	Pair Corr
0.73	NSP	Insperity	Pair Corr
0.73	RSG	Republic Services	Pair Corr
0.67	ROL	Rollins	Pair Corr
0.57	PBI	Pitney Bowes	Pair Corr
0.5	KAR	KAR Auction Services	Pair Corr
0.48	WCN	Waste Connections	Pair Corr
0.45	CASS	Cass Information Systems	Pair Corr
0.31	PYCR	Paycor HCM Sell-off Trend	Pair Corr

Related Correlations Analysis

	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET
G		0.72	-0.76	0.76	-0.76	-0.81	-0.68	0.1	0.02	0.91	G
EXLS	0.72		-0.43	0.68	-0.29	-0.33	-0.02	0.71	0.44	0.51	EXLS
SAIC	-0.76	-0.43		-0.58	0.92	0.75	0.68	-0.01	-0.09	-0.75	SAIC
WNS	0.76	0.68	-0.58		-0.61	-0.75	-0.42	0.17	-0.07	0.71	WNS
LDOS	-0.76	-0.29	0.92	-0.61		0.87	0.83	0.25	0.17	-0.84	LDOS
PSN	-0.81	-0.33	0.75	-0.75	0.87		0.88	0.31	0.44	-0.92	PSN
ASGN	-0.68	-0.02	0.68	-0.42	0.83	0.88		0.61	0.47	-0.81	ASGN
IT	0.1	0.71	-0.01	0.17	0.25	0.31	0.61		0.73	-0.15	IT
HCKT	0.02	0.44	-0.09	-0.07	0.17	0.44	0.47	0.73		-0.27	HCKT
VNET	0.91	0.51	-0.75	0.71	-0.84	-0.92	-0.81	-0.15	-0.27		VNET
	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET

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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

LDOS	+ 0.92	SAIC
VNET	+ 0.91	G
ASGN	+ 0.88	PSN
PSN	+ 0.87	LDOS
ASGN	+ 0.83	LDOS
WNS	+ 0.76	G

High negative correlations

VNET	- 0.92	PSN
VNET	- 0.84	LDOS
VNET	- 0.81	ASGN
PSN	- 0.81	G
LDOS	- 0.76	G
SAIC	- 0.76	G

Risk-Adjusted Indicators

There is a big difference between CLARIVATE Stock performing well and CLARIVATE PLC 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 CLARIVATE PLC'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
G	1.08	0.24	0.22	0.35	1.08	(1.21)	2.24	(2.26)	13.98
EXLS	1.10	0.12	0.07	0.03	1.54	(1.09)	2.09	(2.63)	10.29
SAIC	1.50	0.03	0.04	0.05	2.19	(1.67)	3.41	(4.16)	13.67
WNS	1.85	0.55	0.26	0.32	1.69	(2.17)	4.57	(3.21)	26.44
LDOS	1.30	(0.11)	0.00	(0.39)	0.00	0.00	2.69	(3.62)	11.05
PSN	1.76	(0.61)	0.00	(1.22)	0.00	0.00	2.54	(4.93)	13.43
ASGN	1.56	(0.34)	0.00	(0.48)	0.00	0.00	2.64	(4.67)	9.60
IT	1.05	(0.15)	0.00	(0.22)	0.00	0.00	1.90	(2.49)	5.12
HCKT	0.94	(0.12)	0.00	(0.27)	0.00	0.00	1.45	(2.29)	4.64
VNET	5.36	1.67	0.28	1.29	5.33	(6.17)	13.44	(8.91)	32.65

CLARIVATE PLC Corporate Management

Melanie JD	Chief Secretary	Profile
Michael Easton	Senior Vice President - Finance, Chief Accounting Officer	Profile
Jaspal Chahal	Chief Legal Officer, General Counsel	Profile
Ed Mattix	Chief Officer	Profile
Stefano Maestri	Chief Officer	Profile
William Graff	Executive Officer	Profile
Mark Donohue	Head Relations	Profile

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