Semler Scientific Correlations

SMLR Stock

USD 39.22 0.40 1.03%

The current 90-days correlation between Semler Scientific and CVRx Inc is 0.55 (i.e., Very weak diversification). The correlation of Semler Scientific 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.

Semler Scientific Correlation With Market

Weak diversification

The correlation between Semler Scientific and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semler Scientific and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Semler Scientific. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in Semler Stock, please use our How to Invest in Semler Scientific guide.

Moving together with Semler Stock

0.66	EYEN	Eyenovia	Pair Corr
0.81	LNDNF	Lundin Energy AB	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.61	AXP	American Express Sell-off Trend	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr

Moving against Semler Stock

0.85	JNJ	Johnson Johnson	Pair Corr
0.83	CMRX	Chimerix	Pair Corr
0.8	T	ATT Inc Earnings Call This Week	Pair Corr
0.74	VZ	Verizon Communications	Pair Corr
0.73	NVRO	Nevro Corp	Pair Corr
0.63	MCD	McDonalds	Pair Corr
0.63	IBM	International Business	Pair Corr
0.57	BKLRF	Berkeley Energy	Pair Corr
0.54	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.42	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	INTC	Intel	Pair Corr

Related Correlations Analysis

	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA
CVRX		0.35	-0.47	0.0	0.76	0.31	0.71	-0.2	0.63	0.0	CVRX
SRDX	0.35		-0.51	0.0	0.36	0.9	0.11	-0.31	-0.21	0.0	SRDX
LUNG	-0.47	-0.51		0.0	-0.45	-0.49	-0.06	0.46	0.0	0.0	LUNG
HSKA	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HSKA
OFIX	0.76	0.36	-0.45	0.0		0.43	0.72	0.05	0.71	0.0	OFIX
TELA	0.31	0.9	-0.49	0.0	0.43		0.16	-0.12	-0.12	0.0	TELA
NPCE	0.71	0.11	-0.06	0.0	0.72	0.16		0.33	0.82	0.0	NPCE
TMDX	-0.2	-0.31	0.46	0.0	0.05	-0.12	0.33		0.36	0.0	TMDX
DCTH	0.63	-0.21	0.0	0.0	0.71	-0.12	0.82	0.36		0.0	DCTH
OSA	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OSA
	CVRX	SRDX	LUNG	HSKA	OFIX	TELA	NPCE	TMDX	DCTH	OSA

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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

TELA	+ 0.9	SRDX
DCTH	+ 0.82	NPCE
OFIX	+ 0.76	CVRX
NPCE	+ 0.72	OFIX
NPCE	+ 0.71	CVRX
DCTH	+ 0.71	OFIX

High negative correlations

LUNG	- 0.51	SRDX
TELA	- 0.49	LUNG
LUNG	- 0.47	CVRX
OFIX	- 0.45	LUNG
TMDX	- 0.31	SRDX
DCTH	- 0.21	SRDX

Risk-Adjusted Indicators

There is a big difference between Semler Stock performing well and Semler Scientific 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 Semler Scientific'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
CVRX	3.16	0.05	0.00	(0.04)	0.00	0.00	5.58	(6.75)	14.59
SRDX	1.49	(0.38)	0.00	(0.71)	0.00	0.00	2.15	(5.79)	10.84
LUNG	3.29	0.47	0.15	(2.05)	3.16	(3.75)	6.59	(5.54)	41.39
HSKA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OFIX	1.21	(0.04)	0.00	(0.12)	0.00	0.00	2.18	(2.74)	6.60
TELA	1.99	(0.20)	0.00	(0.26)	0.00	0.00	4.14	(3.97)	12.76
NPCE	3.14	0.26	0.06	0.12	3.80	(3.31)	5.89	(6.82)	17.98
TMDX	3.38	0.23	0.06	0.13	3.78	(3.75)	7.19	(6.92)	18.92
DCTH	2.75	0.45	0.11	0.17	3.15	(3.15)	5.56	(5.58)	20.56
OSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Semler Scientific Corporate Management

Jennifer Herrington	Chief Officer	Profile
Dennis Rosenberg	Chief Officer	Profile
Shane Reid	Chief Officer	Profile
Cindy Guinasso	Senior Development	Profile

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