Natera Correlations

NTRA Stock

USD 150.87 4.59 3.14%

The current 90-days correlation between Natera Inc and EXACT Sciences is 0.32 (i.e., Weak diversification). The correlation of Natera 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.

Natera Correlation With Market

Weak diversification

The correlation between Natera Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natera Inc 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 Natera Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Natera Stock

0.82	A	Agilent Technologies	Pair Corr
0.72	ME	23Andme Holding	Pair Corr
0.68	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.84	DNLI	Denali Therapeutics	Pair Corr
0.87	VCEL	Vericel Corp Ord	Pair Corr
0.91	VCYT	Veracyte	Pair Corr
0.61	VRDN	Viridian Therapeutics	Pair Corr
0.64	VRPX	Virpax Pharmaceuticals	Pair Corr

Moving against Natera Stock

0.77	DVAX	Dynavax Technologies	Pair Corr
0.58	VNDA	Vanda Pharmaceuticals	Pair Corr
0.42	VRTX	Vertex Pharmaceuticals	Pair Corr
0.35	VRNA	Verona Pharma PLC	Pair Corr
0.35	EDSA	Edesa Biotech	Pair Corr

Related Correlations Analysis

	EXAS	CDNA	ILMN	TWST	PSNL	GH	CSTL	QGEN	NEO	NEOG
EXAS		0.54	0.92	0.67	0.38	-0.43	0.81	0.84	0.92	0.9	EXAS
CDNA	0.54		0.51	0.63	0.45	0.27	0.79	0.38	0.5	0.42	CDNA
ILMN	0.92	0.51		0.71	0.46	-0.38	0.76	0.97	0.9	0.93	ILMN
TWST	0.67	0.63	0.71		0.54	0.2	0.7	0.67	0.66	0.51	TWST
PSNL	0.38	0.45	0.46	0.54		-0.03	0.54	0.44	0.46	0.41	PSNL
GH	-0.43	0.27	-0.38	0.2	-0.03		-0.13	-0.37	-0.48	-0.54	GH
CSTL	0.81	0.79	0.76	0.7	0.54	-0.13		0.62	0.82	0.72	CSTL
QGEN	0.84	0.38	0.97	0.67	0.44	-0.37	0.62		0.82	0.89	QGEN
NEO	0.92	0.5	0.9	0.66	0.46	-0.48	0.82	0.82		0.88	NEO
NEOG	0.9	0.42	0.93	0.51	0.41	-0.54	0.72	0.89	0.88		NEOG
	EXAS	CDNA	ILMN	TWST	PSNL	GH	CSTL	QGEN	NEO	NEOG

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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

QGEN	+ 0.97	ILMN
NEOG	+ 0.93	ILMN
ILMN	+ 0.92	EXAS
NEO	+ 0.92	EXAS
NEOG	+ 0.9	EXAS
NEO	+ 0.9	ILMN

High negative correlations

NEOG	- 0.54	GH
NEO	- 0.48	GH
GH	- 0.43	EXAS
GH	- 0.38	ILMN
QGEN	- 0.37	GH
CSTL	- 0.13	GH

Risk-Adjusted Indicators

There is a big difference between Natera Stock performing well and Natera 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 Natera'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
EXAS	1.84	(0.39)	0.00	(0.69)	0.00	0.00	4.10	(4.95)	13.23
CDNA	3.03	(0.10)	0.00	(0.14)	0.00	0.00	5.88	(7.44)	19.59
ILMN	1.90	(0.73)	0.00	(0.95)	0.00	0.00	2.87	(5.47)	15.07
TWST	3.14	(0.12)	0.00	(0.16)	0.00	0.00	6.39	(6.90)	18.27
PSNL	5.63	0.57	0.05	0.06	5.55	(7.11)	9.82	(7.64)	61.04
GH	3.28	0.60	0.13	0.24	3.49	(3.49)	6.28	(5.93)	32.66
CSTL	2.46	(0.47)	0.00	(2.19)	0.00	0.00	4.51	(6.33)	23.81
QGEN	1.12	(0.19)	0.00	(0.70)	0.00	0.00	2.59	(3.00)	6.36
NEO	3.81	(0.63)	0.00	(0.40)	0.00	0.00	6.75	(10.00)	26.63
NEOG	2.08	(0.49)	0.00	(6.26)	0.00	0.00	3.92	(5.06)	12.07

Natera Corporate Management

Michael MBA	Chief Officer	Profile
Olesya CPA	Chief Officer	Profile
LLM LLM	S Officer	Profile
Jonathan MEng	CoFounder Director	Profile
Sheetal Parmar	Head Services	Profile
Rishi Kacker	Chief Officer	Profile
Phil Grinnell	Vice Sales	Profile

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