Brainsway Correlations
| BWAY Stock | USD 10.18 0.03 0.29% |
The current 90-days correlation between Brainsway and Delcath Systems is 0.07 (i.e., Significant diversification). The correlation of Brainsway 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Brainsway Correlation With Market
Significant diversification
The correlation between Brainsway and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brainsway and DJI in the same portfolio, assuming nothing else is changed.
Brainsway |
Moving together with Brainsway Stock
Moving against Brainsway Stock
| 0.68 | ESTA | Establishment Labs | PairCorr |
| 0.37 | FLGT | Fulgent Genetics | PairCorr |
| 0.34 | AWH | Aspira Womens Health Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Brainsway Stock performing well and Brainsway 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 Brainsway'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MDGS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DCTH | 2.83 | 0.45 | 0.11 | 0.15 | 3.22 | 5.56 | 20.56 | |||
| HSKA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNA | 1.22 | 0.37 | 0.26 | 1.05 | 1.10 | 3.78 | 8.63 | |||
| USAQ | 10.03 | 1.18 | 0.08 | (1.68) | 12.50 | 25.00 | 64.58 | |||
| VAPO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VERO | 5.63 | 0.22 | 0.04 | (3.77) | 8.39 | 10.16 | 117.00 | |||
| TCMD | 1.42 | (0.39) | 0.00 | (0.69) | 0.00 | 2.70 | 16.33 | |||
| NPCE | 3.16 | 0.19 | 0.04 | 0.04 | 3.87 | 5.89 | 17.98 | |||
| ELMD | 2.30 | (0.10) | 0.00 | (0.19) | 0.00 | 3.90 | 21.31 |
Brainsway Corporate Management
| Christopher Jako | Pres CEO | Profile | |
| Ido Marom | Chief Officer | Profile | |
| Gilead Moiseyev | Chief Officer | Profile | |
| Moria Ankri | VP RD | Profile | |
| Dor Hagai | Vice Operations | Profile | |
| Pr Zangen | Member CoFounder | Profile | |
| Hillegonda Groen | Vice Sales | Profile |