Medpace Holdings Correlations

MEDP Stock

USD 324.23 4.60 1.44%

The current 90-days correlation between Medpace Holdings and Neogen is 0.37 (i.e., Weak diversification). The correlation of Medpace Holdings 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.

Medpace Holdings Correlation With Market

Modest diversification

The correlation between Medpace Holdings and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medpace Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medpace Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Medpace Stock, please use our How to Invest in Medpace Holdings guide.

Moving together with Medpace Stock

0.79	VOR	Vor Biopharma	Pair Corr
0.73	ELMD	Electromed	Pair Corr
0.69	GKOS	Glaukos Corp	Pair Corr
0.74	INGN	Inogen Inc	Pair Corr
0.67	ITGR	Integer Holdings Corp	Pair Corr
0.63	NPCE	Neuropace	Pair Corr

Moving against Medpace Stock

0.46	CMRX	Chimerix	Pair Corr
0.33	LUNG	Pulmonx Corp	Pair Corr
0.31	INMD	InMode	Pair Corr
0.71	CDUAF	Canadian Utilities	Pair Corr
0.64	TCTZF	Tencent Holdings	Pair Corr
0.61	CBYDF	Corby Spirit	Pair Corr
0.45	MFON	Mobivity Holdings	Pair Corr
0.44	DNCVF	Defiance Silver Corp	Pair Corr
0.38	AXSM	Axsome Therapeutics	Pair Corr

Related Correlations Analysis

	IQV	NEOG	ICLR	QGEN	WAT	IDXX	CRL	RVTY	SYNH	LH
IQV		0.54	0.65	0.74	0.67	0.19	0.13	0.67	0.0	-0.15	IQV
NEOG	0.54		0.76	0.75	0.14	-0.35	0.56	0.26	0.0	-0.55	NEOG
ICLR	0.65	0.76		0.78	0.1	-0.28	0.69	0.31	0.0	-0.53	ICLR
QGEN	0.74	0.75	0.78		0.48	-0.37	0.46	0.61	0.0	-0.49	QGEN
WAT	0.67	0.14	0.1	0.48		0.28	-0.3	0.9	0.0	0.34	WAT
IDXX	0.19	-0.35	-0.28	-0.37	0.28		-0.59	0.13	0.0	0.62	IDXX
CRL	0.13	0.56	0.69	0.46	-0.3	-0.59		-0.1	0.0	-0.7	CRL
RVTY	0.67	0.26	0.31	0.61	0.9	0.13	-0.1		0.0	0.25	RVTY
SYNH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SYNH
LH	-0.15	-0.55	-0.53	-0.49	0.34	0.62	-0.7	0.25	0.0		LH
	IQV	NEOG	ICLR	QGEN	WAT	IDXX	CRL	RVTY	SYNH	LH

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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

RVTY	+ 0.9	WAT
QGEN	+ 0.78	ICLR
ICLR	+ 0.76	NEOG
QGEN	+ 0.75	NEOG
QGEN	+ 0.74	IQV
CRL	+ 0.69	ICLR

High negative correlations

LH	- 0.7	CRL
CRL	- 0.59	IDXX
LH	- 0.55	NEOG
LH	- 0.53	ICLR
LH	- 0.49	QGEN
IDXX	- 0.37	QGEN

Risk-Adjusted Indicators

There is a big difference between Medpace Stock performing well and Medpace Holdings 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 Medpace Holdings' 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
IQV	1.26	(0.07)	0.00	(0.18)	0.00	0.00	2.20	(2.63)	7.16
NEOG	2.03	(0.42)	0.00	(0.90)	0.00	0.00	3.92	(5.06)	12.07
ICLR	1.46	(0.18)	0.00	(0.53)	0.00	0.00	3.28	(2.74)	11.42
QGEN	1.14	(0.19)	0.00	(0.75)	0.00	0.00	2.59	(3.00)	6.36
WAT	1.39	0.03	0.00	(0.02)	0.00	0.00	2.95	(2.83)	10.90
IDXX	1.32	0.07	0.06	0.12	1.67	(1.33)	2.22	(3.31)	14.80
CRL	1.75	(0.12)	0.00	(0.33)	0.00	0.00	3.86	(4.66)	11.78
RVTY	1.42	(0.02)	0.00	(0.09)	0.00	0.00	2.93	(2.67)	12.24
SYNH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LH	0.84	0.08	0.11	0.09	1.00	(0.89)	1.65	(1.63)	5.79

Medpace Holdings Corporate Management

Kevin Brady	CFO Treasurer	Profile
Brandon Ebken	Chief Officer	Profile
Gina MPH	Senior Monitoring	Profile
August MD	Chairman CEO	Profile
Stephen JD	General Officer	Profile
Stephen Ewald	General Counsel, Corporate Secretary	Profile

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