Correlation Between OPTIMIZERx Corp and Certara

Can any of the company-specific risk be diversified away by investing in both OPTIMIZERx Corp and Certara at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining OPTIMIZERx Corp and Certara into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between OPTIMIZERx Corp and Certara, you can compare the effects of market volatilities on OPTIMIZERx Corp and Certara and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in OPTIMIZERx Corp with a short position of Certara. Check out your portfolio center. Please also check ongoing floating volatility patterns of OPTIMIZERx Corp and Certara.

Diversification Opportunities for OPTIMIZERx Corp and Certara

-0.5

Correlation Coefficient

OPTIMIZERx Corp  Certara

Very good diversification

The 3 months correlation between OPTIMIZERx and Certara is -0.5. Overlapping area represents the amount of risk that can be diversified away by holding OPTIMIZERx Corp and Certara in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Certara and OPTIMIZERx Corp is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on OPTIMIZERx Corp are associated (or correlated) with Certara. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Certara has no effect on the direction of OPTIMIZERx Corp i.e., OPTIMIZERx Corp and Certara go up and down completely randomly.

Pair Corralation between OPTIMIZERx Corp and Certara

Given the investment horizon of 90 days OPTIMIZERx Corp is expected to generate 1.57 times more return on investment than Certara. However, OPTIMIZERx Corp is 1.57 times more volatile than Certara. It trades about 0.11 of its potential returns per unit of risk. Certara is currently generating about -0.14 per unit of risk. If you would invest  963.00  in OPTIMIZERx Corp on May 5, 2025 and sell it today you would earn a total of  287.00  from holding OPTIMIZERx Corp or generate 29.8% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Very Weak
Accuracy	100.0%
Values	Daily Returns

OPTIMIZERx Corp  vs.  Certara

OPTIMIZERx Corp

Risk-Adjusted Performance

OK

Compared to the overall equity markets, risk-adjusted returns on investments in OPTIMIZERx Corp are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, OPTIMIZERx Corp showed solid returns over the last few months and may actually be approaching a breakup point.

Certara

Risk-Adjusted Performance

Very Weak

Over the last 90 days Certara has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of inconsistent performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in September 2025. The newest uproar may also be a sign of mid-term up-swing for the firm private investors.

Pair Trading with OPTIMIZERx Corp and Certara

The main advantage of trading using opposite OPTIMIZERx Corp and Certara positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if OPTIMIZERx Corp position performs unexpectedly, Certara can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Certara will offset losses from the drop in Certara's long position.

The idea behind OPTIMIZERx Corp and Certara pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.