Cerner Corp Correlations

CERN
 Stock
  

USD 94.92  0.00  0.00%   

The correlation of Cerner Corp is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cerner Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cerner Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Cerner Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cerner Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cerner Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cerner Corp to buy it.

Moving together with Cerner Corp

+0.71CDKCDK GlobalPairCorr
+0.74CTXSCitrix SystemsPairCorr
+0.78CACICACI InternationalPairCorr
+0.68MANTManTech InternationalPairCorr
+0.85RENNRenren IncPairCorr
+0.65VRSNVeriSignPairCorr
+0.77INOVInovalon HoldingsPairCorr

Moving against Cerner Corp

-0.75SGFYSignify HealthPairCorr
-0.51GOOGAlphabet ClassPairCorr
-0.51NTESNetEasePairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
  
High negative correlations   
MRKGOOG
CVXGOOG
TRVGOOG
TGOOG
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BACGOOG

Risk-Adjusted Indicators

Nowadays, there is a big difference between Cerner Stock performing well and Cerner Corp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Cerner Corp's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
GOOG 1.91 (0.29)  0.00 (0.18)  0.00 (0.10)  0.00  3.84 (4.11)  13.34 
BA 2.11  0.18  0.05  0.21  3.16  0.06 (1.98)  4.65 (5.37)  14.69 
CVX 1.51  0.13  0.06  0.19  1.99  0.07 (1.50)  3.37 (2.91)  9.61 
DD 1.72  0.29  0.17  0.31  1.45  0.13 (1.99)  3.91 (2.34)  10.00 
HD 1.59  0.09  0.05  0.13  1.91  0.044 (1.66)  2.81 (2.50)  11.25 
AXP 1.70 (0.03) (0.01)  0.03  1.78 (0.0087) (2.05)  3.88 (3.11)  8.22 
T 1.28  0.18  0.12  0.31  1.09  0.09 (1.49)  2.54 (2.10)  9.29 
BAC 1.65 (0.10)  0.00 (0.02)  0.00 (0.0386)  0.00  4.14 (2.97)  10.59 
MRK 0.99  0.36  0.27  1.20  0.81  0.25 (1.20)  2.44 (1.43)  7.38 
TRV 1.11  0.19  0.12  0.41  1.24  0.11 (1.19)  2.80 (2.04)  6.49 

Cerner Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cerner Corp stock to make a market-neutral strategy. Peer analysis of Cerner Corp could also be used in its relative valuation, which is a method of valuing Cerner Corp by comparing valuation metrics with similar companies.
Alphabet ClassBoeingChevron CorpDupont De NemoursHome DepotAmerican ExpressATT IncBank Of AmericaMerck CompanyThe Travelers CompaniesAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroup
 Risk & Return  Correlation

Cerner Corp Corporate Directors

Cerner Corp corporate directors refer to members of a Cerner Corp board of directors. The board of directors generally takes responsibility for the Cerner Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cerner Corp's board members must vote for the resolution. The Cerner Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gerald Bisbee - Independent DirectorProfile
Mitchell Daniels - Independent DirectorProfile
William Neaves - Lead Independent DirectorProfile
Linda Dillman - Independent DirectorProfile

Invested in Cerner Corp?

The danger of trading Cerner Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cerner Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cerner Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cerner Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Tools for Cerner Stock

When running Cerner Corp price analysis, check to measure Cerner Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cerner Corp is operating at the current time. Most of Cerner Corp's value examination focuses on studying past and present price action to predict the probability of Cerner Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Cerner Corp's price. Additionally, you may evaluate how the addition of Cerner Corp to your portfolios can decrease your overall portfolio volatility.
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