Centogene Correlations

CNTG Stock

USD 0.10 0.02 16.67%

The current 90-days correlation between Centogene B V and Fonar is 0.05 (i.e., Significant diversification). The correlation of Centogene 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.

Centogene Correlation With Market

Good diversification

The correlation between Centogene B V and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centogene B V and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centogene B V. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Centogene Stock

0.63	DRIO	DarioHealth Corp	Pair Corr
0.61	FIGS	Figs Inc Upward Rally	Pair Corr
0.65	AHG	Akso Health Group	Pair Corr

Moving against Centogene Stock

0.59	DXCM	DexCom Inc	Pair Corr
0.57	EW	Edwards Lifesciences Corp	Pair Corr
0.56	VREX	Varex Imaging Corp	Pair Corr
0.53	LH	Laboratory	Pair Corr
0.52	GH	Guardant Health	Pair Corr
0.5	VEEV	Veeva Systems Class Downward Rally	Pair Corr
0.43	MD	Mednax Inc	Pair Corr
0.43	ECOR	Electrocore LLC	Pair Corr
0.4	VVOS	Vivos Therapeutics	Pair Corr
0.35	OM	Outset Medical	Pair Corr
0.33	DOCS	Doximity	Pair Corr
0.52	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.45	ELMD	Electromed	Pair Corr
0.4	EMBC	Embecta Corp	Pair Corr
0.37	WORX	Scworx Corp	Pair Corr
0.68	COR	Cencora	Pair Corr
0.56	XAIR	Beyond Air	Pair Corr
0.54	CAH	Cardinal Health	Pair Corr
0.49	BSX	Boston Scientific Corp	Pair Corr

Related Correlations Analysis

	GTH	FONR	XGN	SERA	SHC	OLK	MDXH	NOTV	STRRP	LMDX
GTH		0.34	0.27	-0.01	-0.01	0.03	0.17	0.23	0.08	0.28	GTH
FONR	0.34		0.16	0.2	0.28	-0.51	0.62	-0.19	0.3	0.54	FONR
XGN	0.27	0.16		-0.39	-0.8	0.65	-0.18	0.82	-0.02	-0.09	XGN
SERA	-0.01	0.2	-0.39		0.61	-0.43	0.55	-0.37	0.04	0.1	SERA
SHC	-0.01	0.28	-0.8	0.61		-0.87	0.58	-0.86	0.19	0.44	SHC
OLK	0.03	-0.51	0.65	-0.43	-0.87		-0.61	0.87	-0.32	-0.54	OLK
MDXH	0.17	0.62	-0.18	0.55	0.58	-0.61		-0.43	0.36	0.69	MDXH
NOTV	0.23	-0.19	0.82	-0.37	-0.86	0.87	-0.43		-0.25	-0.4	NOTV
STRRP	0.08	0.3	-0.02	0.04	0.19	-0.32	0.36	-0.25		0.49	STRRP
LMDX	0.28	0.54	-0.09	0.1	0.44	-0.54	0.69	-0.4	0.49		LMDX
	GTH	FONR	XGN	SERA	SHC	OLK	MDXH	NOTV	STRRP	LMDX

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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

NOTV	+ 0.87	OLK
NOTV	+ 0.82	XGN
LMDX	+ 0.69	MDXH
OLK	+ 0.65	XGN
MDXH	+ 0.62	FONR
SHC	+ 0.61	SERA

High negative correlations

OLK	- 0.87	SHC
NOTV	- 0.86	SHC
SHC	- 0.8	XGN
MDXH	- 0.61	OLK
LMDX	- 0.54	OLK
OLK	- 0.51	FONR

Risk-Adjusted Indicators

There is a big difference between Centogene Stock performing well and Centogene 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 Centogene'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
GTH	1.87	(0.01)	(0.03)	0.08	2.49	(2.24)	3.45	(4.08)	14.43
FONR	1.49	(0.18)	0.00	(0.10)	0.00	0.00	2.15	(2.81)	13.29
XGN	3.74	0.48	0.13	0.63	3.28	(4.85)	9.62	(6.06)	25.65
SERA	3.96	0.06	0.04	0.14	4.46	(4.40)	10.39	(7.60)	27.67
SHC	1.59	(0.50)	0.00	(0.27)	0.00	0.00	3.45	(3.17)	10.53
OLK	0.63	0.17	0.07	(3.10)	0.48	(0.76)	1.58	(1.37)	4.37
MDXH	2.45	(0.29)	0.00	(0.56)	0.00	0.00	5.56	(5.99)	24.02
NOTV	5.69	1.73	0.40	0.53	4.23	(7.43)	15.05	(6.45)	42.16
STRRP	1.18	0.01	(0.03)	0.15	1.72	(1.61)	2.73	(2.31)	15.24
LMDX	4.74	(0.84)	0.00	(3.60)	0.00	0.00	11.54	(10.71)	34.05

Centogene Corporate Management

Ian Rentsch	Chief Pharma	Profile
Peter MD	Chief Officer	Profile
Andrin MD	Advisor	Profile
Kim Stratton	CEO Board	Profile
Bettina Goerner	Chief Officer	Profile
Lennart Streibel	Director Projects	Profile
Florian Vogel	Chief Officer	Profile

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