Pair Trades for MEDP (NASDAQ) - Medpace Holdings Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ICLR nasdaq | 85.8% | 2.35 | Life Sciences Tools.. |
| QTRX nasdaq | 80.7% | 1.37 | Life Sciences Tools.. |
| LAB nasdaq | 57.6% | -0.40 | Life Sciences Tools.. |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| ILMN nasdaq | -76.6% | -7.41 | Life Sciences Tools.. |
| NSTG nasdaq | -76.3% | -23.74 | Life Sciences Tools.. |
| MRVI nasdaq | -75.8% | -9.36 | Life Sciences Tools.. |
| BIO nyse | -66.9% | -2.40 | Life Sciences Tools.. |
| BRKR nasdaq | -65.0% | -1.23 | Life Sciences Tools.. |
| PSNL nasdaq | -63.5% | -1.69 | Life Sciences Tools.. |
| RVTY nyse | -60.3% | -2.99 | Life Sciences Tools.. |
| ADPT nasdaq | -59.5% | -4.92 | Life Sciences Tools.. |
| BNGO nasdaq | -58.4% | -15.10 | Life Sciences Tools.. |
| CDXS nasdaq | -56.3% | -1.42 | Life Sciences Tools.. |
| A nyse | -54.5% | 0.18 | Life Sciences Tools.. |
| QGEN nyse | -51.8% | -1.37 | Life Sciences Tools.. |
| SEER nasdaq | -49.8% | -8.23 | Life Sciences Tools.. |
| TMO nyse | -49.3% | -0.87 | Life Sciences Tools.. |
| WAT nyse | -46.8% | 0.40 | Life Sciences Tools.. |
| TECH nasdaq | -33.8% | -3.14 | Life Sciences Tools.. |
| RGEN nasdaq | -27.2% | -1.06 | Life Sciences Tools.. |
| CRL nyse | -18.6% | -0.33 | Life Sciences Tools.. |
| TXG nasdaq | -7.7% | -2.55 | Life Sciences Tools.. |
| PACB nasdaq | -7.4% | -3.96 | Life Sciences Tools.. |
| NEO nasdaq | -6.9% | 0.68 | Life Sciences Tools.. |
| SHC nasdaq | 3.4% | -0.61 | Life Sciences Tools.. |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| AMRX nyse | 91.5% | 5.89 | Pharmaceuticals |
| DVAX nasdaq | 86.1% | 3.20 | Biotechnology |
| ICLR nasdaq | 85.8% | 2.35 | Life Sciences Tools.. |
| ABCM nasdaq | 85.7% | 5.18 | Biotechnology |
| OLMA nasdaq | 84.1% | 10.64 | Biotechnology |
| IDYA nasdaq | 83.7% | 4.89 | Biotechnology |
| MCK nyse | 83.4% | 1.47 | Health Care Distribu.. |
| LLY nyse | 82.1% | 3.05 | Pharmaceuticals |
| INSM nasdaq | 81.9% | 3.78 | Biotechnology |
| SVRA nasdaq | 81.6% | 4.80 | Biotechnology |
| ALPN nasdaq | 81.2% | 5.29 | Biotechnology |
| CABA nasdaq | 80.9% | 6.46 | Biotechnology |
| QTRX nasdaq | 80.7% | 1.37 | Life Sciences Tools.. |
| LFMD nasdaq | 80.4% | 11.44 | Health Care Equipmen.. |
| PETQ nasdaq | 80.2% | 3.18 | Health Care Distribu.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| EMBC nasdaq | -83.0% | -4.68 | Health Care Supplies |
| FGEN nasdaq | -81.5% | -34.69 | Biotechnology |
| ABUS nasdaq | -81.3% | -1.63 | Biotechnology |
| XAIR nasdaq | -81.1% | -12.43 | Health Care Equipmen.. |
| TNON nasdaq | -81.1% | -18.28 | Health Care Equipmen.. |
| BIVI nasdaq | -81.0% | -0.40 | Biotechnology |
| MRAI nasdaq | -79.7% | -2.94 | Health Care Equipmen.. |
| MASI nasdaq | -79.7% | -5.45 | Health Care Equipmen.. |
| QURE nasdaq | -79.4% | -8.94 | Biotechnology |
| KPTI nasdaq | -78.8% | -10.54 | Biotechnology |
| NRSN nasdaq | -78.5% | -5.36 | Biotechnology |
| IBIO nyse mkt | -78.0% | -10.14 | Biotechnology |
| CDMO nasdaq | -77.5% | -9.70 | Biotechnology |
| ABVC nasdaq | -77.4% | -12.81 | Biotechnology |
| ILMN nasdaq | -76.6% | -7.41 | Life Sciences Tools.. |
| NSTG nasdaq | -76.3% | -23.74 | Life Sciences Tools.. |
| TERN nasdaq | -75.9% | -10.36 | Pharmaceuticals |
| MRVI nasdaq | -75.8% | -9.36 | Life Sciences Tools.. |
| PODD nasdaq | -74.7% | -4.23 | Health Care Equipmen.. |
| PRLD nasdaq | -74.3% | -3.91 | Biotechnology |
| INVO nasdaq | -74.0% | -12.04 | Health Care Equipmen.. |
| VIR nasdaq | -73.2% | -8.57 | Biotechnology |
| MCRB nasdaq | -73.1% | -12.88 | Biotechnology |
| WBA nasdaq | -72.5% | -3.32 | Drug Retail |
| ENTA nasdaq | -72.3% | -7.94 | Biotechnology |