Definitive Healthcare Correlations

DH Stock

USD 4.68 0.23 5.17%

The current 90-days correlation between Definitive Healthcare and National Research Corp is 0.33 (i.e., Weak diversification). The correlation of Definitive Healthcare 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.

Definitive Healthcare Correlation With Market

Very weak diversification

The correlation between Definitive Healthcare Corp and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Definitive Healthcare Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Definitive Healthcare Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Definitive Stock

0.44	ECOR	Electrocore LLC	Pair Corr
0.36	MD	Mednax Inc	Pair Corr
0.33	ELMD	Electromed	Pair Corr
0.35	BVS	Bioventus	Pair Corr

Related Correlations Analysis

	NRC	EVH	SLP	PRVA	MDRX	CPSI	HSTM	CERT	PHR
NRC		0.6	0.59	0.09	0.0	0.18	-0.26	0.57	0.9	NRC
EVH	0.6		0.52	-0.52	-0.6	0.21	-0.85	0.62	0.68	EVH
SLP	0.59	0.52		0.07	-0.12	0.6	-0.32	0.82	0.7	SLP
PRVA	0.09	-0.52	0.07		0.83	0.25	0.8	-0.01	0.07	PRVA
MDRX	0.0	-0.6	-0.12	0.83		0.31	0.73	-0.12	-0.05	MDRX
CPSI	0.18	0.21	0.6	0.25	0.31		-0.15	0.62	0.33	CPSI
HSTM	-0.26	-0.85	-0.32	0.8	0.73	-0.15		-0.37	-0.33	HSTM
CERT	0.57	0.62	0.82	-0.01	-0.12	0.62	-0.37		0.72	CERT
PHR	0.9	0.68	0.7	0.07	-0.05	0.33	-0.33	0.72		PHR
	NRC	EVH	SLP	PRVA	MDRX	CPSI	HSTM	CERT	PHR

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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

PHR	+ 0.9	NRC
MDRX	+ 0.83	PRVA
CERT	+ 0.82	SLP
HSTM	+ 0.8	PRVA
HSTM	+ 0.73	MDRX
PHR	+ 0.72	CERT

High negative correlations

HSTM	- 0.85	EVH
MDRX	- 0.6	EVH
PRVA	- 0.52	EVH
CERT	- 0.37	HSTM
PHR	- 0.33	HSTM
HSTM	- 0.32	SLP

Risk-Adjusted Indicators

There is a big difference between Definitive Stock performing well and Definitive Healthcare 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 Definitive Healthcare'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
NRC	1.97	(0.34)	0.00	(0.08)	0.00	0.00	3.79	(4.72)	13.17
EVH	3.18	(1.36)	0.00	(1.02)	0.00	0.00	5.09	(5.92)	51.11
SLP	2.00	(0.45)	0.00	(0.06)	0.00	0.00	4.53	(4.36)	14.42
PRVA	2.00	(0.09)	0.01	0.07	2.15	(2.20)	4.23	(3.55)	15.04
MDRX	1.27	0.14	0.00	(0.47)	2.08	(1.14)	2.58	(3.07)	8.73
CPSI	1.50	(0.09)	0.00	0.27	0.00	0.00	2.85	(3.01)	14.25
HSTM	1.21	0.07	0.05	0.19	1.33	(1.32)	2.33	(2.00)	10.49
CERT	1.95	(0.49)	0.00	(0.13)	0.00	0.00	5.82	(4.01)	15.96
PHR	2.28	(0.64)	0.00	(0.09)	0.00	0.00	4.58	(6.08)	28.02

Definitive Healthcare Corporate Management

Jon Maack	President	Profile
Tom Penque	Chief Officer	Profile
Matt Ruderman	Chief Secretary	Profile
David Kronfeld	Chief Officer	Profile
Richard CPA	Chief Officer	Profile
Justin Steinman	Chief Officer	Profile

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