Cytosorbents Crp Correlations

CTSO Stock

USD 0.98 0.11 10.09%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cytosorbents Crp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cytosorbents Crp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cytosorbents Crp Correlation With Market

Weak diversification

The correlation between Cytosorbents Crp and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cytosorbents Crp 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 Cytosorbents Crp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Cytosorbents Stock, please use our How to Invest in Cytosorbents Crp guide.

Moving together with Cytosorbents Stock

0.69	NVRO	Nevro Corp	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.68	INTC	Intel	Pair Corr
0.62	IBM	International Business	Pair Corr
0.69	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Cytosorbents Stock

0.62	EYEN	Eyenovia	Pair Corr
0.53	LNDNF	Lundin Energy AB	Pair Corr
0.48	INBX	Inhibrx Symbol Change	Pair Corr
0.32	CAT	Caterpillar	Pair Corr
0.32	AA	Alcoa Corp	Pair Corr
0.31	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	OSA	LIVN	ELMD	KIDS	SRDX	NPCE	CLPT	TELA	CVRX	OFIX
OSA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OSA
LIVN	0.0		0.76	-0.12	0.76	0.46	0.75	0.75	0.67	0.79	LIVN
ELMD	0.0	0.76		0.27	0.46	0.63	0.77	0.5	0.89	0.81	ELMD
KIDS	0.0	-0.12	0.27		-0.39	0.27	0.06	-0.4	0.5	0.15	KIDS
SRDX	0.0	0.76	0.46	-0.39		0.11	0.43	0.9	0.35	0.36	SRDX
NPCE	0.0	0.46	0.63	0.27	0.11		0.74	0.16	0.71	0.72	NPCE
CLPT	0.0	0.75	0.77	0.06	0.43	0.74		0.5	0.7	0.9	CLPT
TELA	0.0	0.75	0.5	-0.4	0.9	0.16	0.5		0.31	0.43	TELA
CVRX	0.0	0.67	0.89	0.5	0.35	0.71	0.7	0.31		0.76	CVRX
OFIX	0.0	0.79	0.81	0.15	0.36	0.72	0.9	0.43	0.76		OFIX
	OSA	LIVN	ELMD	KIDS	SRDX	NPCE	CLPT	TELA	CVRX	OFIX

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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

TELA	+ 0.9	SRDX
OFIX	+ 0.9	CLPT
CVRX	+ 0.89	ELMD
OFIX	+ 0.81	ELMD
OFIX	+ 0.79	LIVN
CLPT	+ 0.77	ELMD

High negative correlations

TELA	- 0.4	KIDS
SRDX	- 0.39	KIDS
KIDS	- 0.12	LIVN
OFIX	- 0.0	OSA
CVRX	- 0.0	OSA
TELA	- 0.0	OSA

Risk-Adjusted Indicators

There is a big difference between Cytosorbents Stock performing well and Cytosorbents Crp 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 Cytosorbents Crp'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
OSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIVN	1.65	(0.31)	0.00	(0.52)	0.00	0.00	2.87	(3.78)	20.10
ELMD	2.32	(0.08)	0.00	(0.15)	0.00	0.00	3.90	(4.34)	21.31
KIDS	1.87	0.33	0.15	0.28	1.93	(2.08)	3.54	(3.09)	15.28
SRDX	1.49	(0.38)	0.00	(0.71)	0.00	0.00	2.15	(5.79)	10.84
NPCE	3.14	0.26	0.06	0.12	3.80	(3.31)	5.89	(6.82)	17.98
CLPT	3.56	0.00	0.00	(0.07)	0.00	0.00	6.25	(6.68)	39.95
TELA	1.99	(0.20)	0.00	(0.26)	0.00	0.00	4.14	(3.97)	12.76
CVRX	3.16	0.05	0.00	(0.04)	0.00	0.00	5.58	(6.75)	14.59
OFIX	1.21	(0.04)	0.00	(0.12)	0.00	0.00	2.18	(2.74)	6.60

Cytosorbents Crp Corporate Management

CPA CPA	CFO Sec	Profile
Robert MD	CoChairman Consultant	Profile
MS MS	Pres COO	Profile
Christian MD	Executive Marketing	Profile
MS MBA	Senior Development	Profile
Terri MBA	Vice Communications	Profile

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