Semler Scientific Correlations

SMLR Stock

USD 18.67 1.66 8.17%

The current 90-days correlation between Semler Scientific and Westlake Chemical Partners is 0.16 (i.e., Average 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 0.31 (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.

Build AI portfolio with Semler Stock

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

0.72	300061	QITIAN Technology	Pair Corr
0.81	301363	MeHow Innovative	Pair Corr
0.64	600055	Beijing Wandong Medical	Pair Corr
0.78	OM	Outset Medical	Pair Corr
0.74	VERO	Venus Concept	Pair Corr
0.84	VNRX	Volitionrx	Pair Corr
0.7	VVOS	Vivos Therapeutics	Pair Corr
0.71	OTC	Ocumetics Technology Corp	Pair Corr
0.66	POLX	Polarean Imaging Plc	Pair Corr

Moving against Semler Stock

0.71	SPEC	Inspecs Group plc	Pair Corr
0.63	688656	HOB Biotech Group	Pair Corr
0.57	EW	Edwards Lifesciences Corp	Pair Corr
0.8	BB1	Blinklab	Pair Corr
0.57	BLCO	Bausch Lomb Corp	Pair Corr
0.52	ELMD	Electromed	Pair Corr
0.75	ESTA	Establishment Labs	Pair Corr
0.69	FIGS	Figs Inc	Pair Corr
0.65	FEMY	Femasys	Pair Corr
0.65	688198	Beijing Balance Medical	Pair Corr
0.57	EUDA	EUDA Health Holdings	Pair Corr
0.45	AHC	Austco Healthcare	Pair Corr

Related Correlations Analysis

	PK	EMN	KBDCY	CLDT-PA	ICHMF	SNPMF	H	WLKP
PK		0.88	0.0	0.73	0.0	-0.15	-0.28	0.85	PK
EMN	0.88		0.0	0.59	0.0	-0.02	-0.26	0.8	EMN
KBDCY	0.0	0.0		0.0	1.0	0.0	0.0	0.0	KBDCY
CLDT-PA	0.73	0.59	0.0		0.0	-0.59	-0.56	0.83	CLDT-PA
ICHMF	0.0	0.0	1.0	0.0		0.0	0.0	0.0	ICHMF
SNPMF	-0.15	-0.02	0.0	-0.59	0.0		0.44	-0.28	SNPMF
H	-0.28	-0.26	0.0	-0.56	0.0	0.44		-0.41	H
WLKP	0.85	0.8	0.0	0.83	0.0	-0.28	-0.41		WLKP
	PK	EMN	KBDCY	CLDT-PA	ICHMF	SNPMF	H	WLKP

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

ICHMF	+ 1.0	KBDCY
EMN	+ 0.88	PK
WLKP	+ 0.85	PK
WLKP	+ 0.83	CLDT-PA
WLKP	+ 0.8	EMN
CLDT-PA	+ 0.73	PK

High negative correlations

SNPMF	- 0.59	CLDT-PA
H	- 0.56	CLDT-PA
WLKP	- 0.41	H
WLKP	- 0.28	SNPMF
H	- 0.28	PK
H	- 0.26	EMN

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
PK	1.38	(0.26)	0.00	(0.14)	0.00	0.00	3.04	(2.51)	8.57
EMN	1.67	(0.24)	0.00	(0.08)	0.00	0.00	3.89	(3.94)	9.50
KBDCY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CLDT-PA	0.51	(0.09)	0.00	(0.60)	0.00	0.00	1.25	(1.06)	4.02
ICHMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNPMF	2.26	0.07	0.02	0.12	2.44	(4.56)	6.12	(5.66)	16.45
H	1.45	0.05	0.03	0.11	1.60	(1.53)	3.01	(2.81)	9.14
WLKP	0.95	(0.22)	0.00	(0.19)	0.00	0.00	1.82	(1.97)	8.30

Semler Scientific Corporate Executives

Elected by the shareholders, the Semler Scientific's board of directors comprises two types of representatives: Semler Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Semler. The board's role is to monitor Semler Scientific's management team and ensure that shareholders' interests are well served. Semler Scientific's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Semler Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.

	FACC FACP	Founder Emeritus	Profile
	Renae Cormier	Principal CFO	Profile

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