Certara, Inc. Common Stock (CERT) — Stock Correlations & Overview
Over the past year, CERT has moved most closely with SLP, AVPT, SDGR. Explore the stocks most correlated and inversely correlated with CERT below, along with its price, financials, and company profile.
Stocks correlated with CERT
Correlation of daily returns. Higher positive values move with CERT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CERT
| Symbol | Company | Correlation |
|---|---|---|
| SLP | Simulations Plus, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.53 |
| AVPT | AvePoint, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.45 |
| SDGR | Schrodinger, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.44 |
| DV | DoubleVerify Holdings, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.43 |
| HEAL | Global X Funds Global X HealthTech ETF | 0.42 |
Most inversely correlated with CERT
| Symbol | Company | Correlation |
|---|---|---|
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.36 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.33 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.28 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.26 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.25 |
Frequently asked questions about CERT correlations
- Which stocks are most correlated with CERT?
- Based on one year of daily returns, the stocks most correlated with Certara, Inc. Common Stock (CERT) are SLP (0.53), AVPT (0.45) and SDGR (0.44). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CERT?
- Over the past year, the stocks most inversely correlated with Certara, Inc. Common Stock (CERT) are DWSH (-0.36), HDGE (-0.33) and WEBS (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CERT correlations calculated?
- We compute the correlation of daily returns between CERT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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