Loncar Cancer Correlations
| CNCR Etf | USD 10.10 0.40 3.81% |
The correlation of Loncar Cancer 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.
Loncar Cancer Correlation With Market
Very weak diversification
The correlation between Loncar Cancer Immunotherapy and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Loncar Cancer Immunotherapy and DJI in the same portfolio, assuming nothing else is changed.
Loncar |
Moving together with Loncar Etf
| 0.91 | XBI | SPDR SP Biotech | PairCorr |
| 0.75 | ARKG | ARK Genomic Revolution | PairCorr |
| 0.91 | MAGS | Roundhill Magnificent | PairCorr |
| 0.7 | PXMV | Invesco SP MidCap | PairCorr |
| 0.88 | SEMI | Columbia Seligman | PairCorr |
| 0.66 | AA | Alcoa Corp | PairCorr |
| 0.88 | HPQ | HP Inc | PairCorr |
| 0.75 | MSFT | Microsoft | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.8 | AXP | American Express | PairCorr |
Moving against Loncar Etf
| 0.66 | IGA | Voya Global Advantage | PairCorr |
| 0.58 | GDXU | MicroSectors Gold Miners | PairCorr |
| 0.45 | IXJ | iShares Global Healthcare | PairCorr |
| 0.4 | XLV | Health Care Select | PairCorr |
| 0.79 | TRV | The Travelers Companies | PairCorr |
| 0.71 | JNJ | Johnson Johnson | PairCorr |
| 0.63 | T | ATT Inc Aggressive Push | PairCorr |
| 0.61 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.58 | CVX | Chevron Corp | PairCorr |
| 0.41 | MMM | 3M Company | PairCorr |
| 0.31 | IBM | International Business | 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
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Loncar Cancer Constituents Risk-Adjusted Indicators
There is a big difference between Loncar Etf performing well and Loncar Cancer ETF 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 Loncar Cancer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BTEC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBP | 1.01 | 0.01 | 0.01 | 0.01 | 1.38 | 2.03 | 5.96 | |||
| BBC | 1.87 | (0.33) | 0.00 | (0.23) | 0.00 | 2.89 | 9.13 | |||
| SBIO | 1.32 | (0.17) | 0.00 | (0.18) | 0.00 | 1.94 | 7.12 | |||
| CHNA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |