Check Cap Correlations

CHEK Stock

USD 0.73 0.01 1.35%

The current 90-days correlation between Check Cap and Fonar is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Check Cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Check Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check Cap Correlation With Market

Average diversification

The correlation between Check Cap and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Check Cap 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 Check Cap. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Check Stock please use our How to buy in Check Stock guide.

Moving together with Check Stock

0.68

VTAK

Catheter Precision Earnings Call Next Week

Pair Corr

Moving against Check Stock

0.61	EHAB	Enhabit	Pair Corr
0.52	VEEV	Veeva Systems Class	Pair Corr
0.48	MD	Mednax Inc	Pair Corr
0.47	FEMY	Femasys	Pair Corr
0.38	CI	Cigna Corp	Pair Corr
0.31	DOCS	Doximity	Pair Corr
0.49	DGX	Quest Diagnostics	Pair Corr
0.44	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.43	CHE	Chemed Corp	Pair Corr
0.41	ABT	Abbott Laboratories	Pair Corr
0.38	ALC	Alcon AG Sell-off Trend	Pair Corr
0.38	BKD	Brookdale Senior Living	Pair Corr
0.37	BAX	Baxter International	Pair Corr

Related Correlations Analysis

	FONR	BNR	SERA	OLK	LMDX	GTH	PMD	DRIO	BDSX	ACRS
FONR		0.56	0.31	0.0	0.0	0.0	0.0	0.0	0.35	0.55	FONR
BNR	0.56		0.5	0.0	0.0	0.0	0.0	0.32	0.56	0.58	BNR
SERA	0.31	0.5		0.0	0.0	0.0	0.0	0.41	0.93	0.8	SERA
OLK	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OLK
LMDX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LMDX
GTH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	GTH
PMD	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PMD
DRIO	0.0	0.32	0.41	0.0	0.0	0.0	0.0		0.49	0.18	DRIO
BDSX	0.35	0.56	0.93	0.0	0.0	0.0	0.0	0.49		0.74	BDSX
ACRS	0.55	0.58	0.8	0.0	0.0	0.0	0.0	0.18	0.74		ACRS
	FONR	BNR	SERA	OLK	LMDX	GTH	PMD	DRIO	BDSX	ACRS

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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

BDSX	+ 0.93	SERA
ACRS	+ 0.8	SERA
ACRS	+ 0.74	BDSX
ACRS	+ 0.58	BNR
BNR	+ 0.56	FONR
BDSX	+ 0.56	BNR

High negative correlations

ACRS	- 0.0	PMD
BDSX	- 0.0	PMD
DRIO	- 0.0	PMD
ACRS	- 0.0	GTH
BDSX	- 0.0	GTH
DRIO	- 0.0	GTH

Risk-Adjusted Indicators

There is a big difference between Check Stock performing well and Check Cap 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 Check Cap'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
FONR	1.35	(0.07)	0.00	(0.22)	0.00	0.00	2.50	(2.86)	10.83
BNR	3.85	(0.13)	0.00	(0.34)	0.00	0.00	8.52	(10.25)	26.46
SERA	3.43	(0.83)	0.00	(0.79)	0.00	0.00	6.45	(8.66)	26.54
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LMDX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRIO	6.32	0.56	0.07	(1.44)	8.91	(7.80)	11.29	(12.50)	121.18
BDSX	3.55	(0.61)	0.00	(0.74)	0.00	0.00	5.00	(8.87)	29.63
ACRS	2.85	(1.25)	0.00	(2.66)	0.00	0.00	4.84	(7.95)	18.01

Check Cap Corporate Management

Saar Levi	Interim Officer	Profile
Mira Rosenzweig	Executive Officer	Profile
David Benaim	Interim Officer	Profile
Justin Karr	Interim Officer	Profile

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