CLARIVATE PLC Correlations

CLVT Stock

USD 4.23 0.08 1.86%

The current 90-days correlation between CLARIVATE PLC and Genpact Limited is 0.08 (i.e., Significant 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

Weak diversification

The correlation between CLARIVATE PLC 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 CLARIVATE PLC and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with CLARIVATE Stock

0.78	DRVN	Driven Brands Holdings	Pair Corr
0.74	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.71	KAR	KAR Auction Services	Pair Corr
0.67	STN	Stantec	Pair Corr
0.83	HDSN	Hudson Technologies	Pair Corr
0.61	LNZA	LanzaTech Global	Pair Corr
0.7	TTEK	Tetra Tech	Pair Corr
0.65	CTAS	Cintas Earnings Call This Week	Pair Corr
0.69	J	Jacobs Solutions	Pair Corr
0.62	R	Ryder System Earnings Call This Week	Pair Corr
0.83	AL	Air Lease	Pair Corr
0.63	AP	Ampco Pittsburgh	Pair Corr
0.78	BA	Boeing	Pair Corr
0.78	BV	BrightView Holdings	Pair Corr
0.69	BW	Babcock Wilcox Enter	Pair Corr
0.82	BZ	Kanzhun Ltd ADR	Pair Corr
0.64	CP	Canadian Pacific Railway	Pair Corr
0.86	CR	Crane Company	Pair Corr

Moving against CLARIVATE Stock

0.83	CDTG	CDT Environmental	Pair Corr
0.75	VIRC	Virco Manufacturing	Pair Corr
0.59	MG	Mistras Group	Pair Corr
0.34	PC	Premium Catering	Pair Corr

Related Correlations Analysis

	G	EXLS	SAIC	WNS	LDOS	PSN	ASGN	IT	HCKT	VNET
G		-0.14	0.57	0.32	-0.17	-0.2	0.15	-0.09	0.54	0.07	G
EXLS	-0.14		-0.19	-0.53	-0.35	-0.42	0.31	0.59	0.01	-0.43	EXLS
SAIC	0.57	-0.19		0.03	0.26	-0.17	0.38	0.31	0.53	0.11	SAIC
WNS	0.32	-0.53	0.03		0.38	0.66	-0.28	-0.82	0.0	0.6	WNS
LDOS	-0.17	-0.35	0.26	0.38		0.7	-0.45	-0.22	-0.07	0.79	LDOS
PSN	-0.2	-0.42	-0.17	0.66	0.7		-0.53	-0.61	-0.21	0.67	PSN
ASGN	0.15	0.31	0.38	-0.28	-0.45	-0.53		0.48	0.41	-0.54	ASGN
IT	-0.09	0.59	0.31	-0.82	-0.22	-0.61	0.48		0.29	-0.47	IT
HCKT	0.54	0.01	0.53	0.0	-0.07	-0.21	0.41	0.29		-0.12	HCKT
VNET	0.07	-0.43	0.11	0.6	0.79	0.67	-0.54	-0.47	-0.12		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

VNET	+ 0.79	LDOS
PSN	+ 0.7	LDOS
VNET	+ 0.67	PSN
PSN	+ 0.66	WNS
VNET	+ 0.6	WNS
IT	+ 0.59	EXLS

High negative correlations

IT	- 0.82	WNS
IT	- 0.61	PSN
VNET	- 0.54	ASGN
ASGN	- 0.53	PSN
WNS	- 0.53	EXLS
VNET	- 0.47	IT

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	1.33	(0.16)	0.00	(0.08)	0.00	0.00	2.55	(2.12)	17.95
EXLS	1.34	(0.01)	0.00	0.15	0.00	0.00	2.06	(3.79)	14.09
SAIC	1.25	(0.10)	0.00	(0.06)	0.00	0.00	2.81	(2.37)	16.40
WNS	1.53	0.16	0.02	1.42	2.18	(1.71)	3.44	(4.27)	14.44
LDOS	1.01	0.13	0.05	0.36	1.23	(1.09)	2.18	(2.09)	9.23
PSN	1.47	0.14	0.06	0.30	1.72	(1.53)	2.90	(2.85)	9.03
ASGN	1.84	(0.26)	0.00	3.14	0.00	0.00	3.49	(3.88)	13.51
IT	1.01	(0.33)	0.00	(0.22)	0.00	0.00	1.88	(2.29)	6.93
HCKT	1.35	(0.32)	0.00	(0.15)	0.00	0.00	2.77	(2.48)	10.55
VNET	4.68	0.63	0.18	0.40	4.14	(6.21)	14.06	(7.76)	32.93

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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