Delcath Systems Correlations

DCTH Stock

USD 14.00 0.42 3.09%

The current 90-days correlation between Delcath Systems and Neuropace is 0.02 (i.e., Significant diversification). The correlation of Delcath Systems 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.

Delcath Systems Correlation With Market

Significant diversification

The correlation between Delcath Systems and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delcath Systems and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delcath Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Delcath Stock please use our How to Invest in Delcath Systems guide.

Moving together with Delcath Stock

0.71	LNDNF	Lundin Energy AB	Pair Corr
0.62	AXP	American Express	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	WMT	Walmart	Pair Corr

Moving against Delcath Stock

0.63	INBX	Inhibrx Symbol Change	Pair Corr
0.47	EYEN	Eyenovia	Pair Corr

Related Correlations Analysis

	NPCE	SRDX	OSA	CVRX	LIVN	ELMD	KIDS	TELA	TMDX	TBIO
NPCE		0.11	0.0	0.64	0.46	0.63	0.27	0.37	0.24	0.0	NPCE
SRDX	0.11		0.0	0.35	0.76	0.46	-0.39	0.54	-0.18	0.0	SRDX
OSA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OSA
CVRX	0.64	0.35	0.0		0.62	0.87	0.51	0.44	-0.3	0.0	CVRX
LIVN	0.46	0.76	0.0	0.62		0.76	-0.12	0.48	-0.05	0.0	LIVN
ELMD	0.63	0.46	0.0	0.87	0.76		0.27	0.59	-0.14	0.0	ELMD
KIDS	0.27	-0.39	0.0	0.51	-0.12	0.27		-0.02	-0.32	0.0	KIDS
TELA	0.37	0.54	0.0	0.44	0.48	0.59	-0.02		-0.02	0.0	TELA
TMDX	0.24	-0.18	0.0	-0.3	-0.05	-0.14	-0.32	-0.02		0.0	TMDX
TBIO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TBIO
	NPCE	SRDX	OSA	CVRX	LIVN	ELMD	KIDS	TELA	TMDX	TBIO

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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

ELMD	+ 0.87	CVRX
LIVN	+ 0.76	SRDX
ELMD	+ 0.76	LIVN
CVRX	+ 0.64	NPCE
ELMD	+ 0.63	NPCE
LIVN	+ 0.62	CVRX

High negative correlations

KIDS	- 0.39	SRDX
TMDX	- 0.32	KIDS
TMDX	- 0.3	CVRX
TMDX	- 0.18	SRDX
TMDX	- 0.14	ELMD
KIDS	- 0.12	LIVN

Risk-Adjusted Indicators

There is a big difference between Delcath Stock performing well and Delcath Systems 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 Delcath Systems' 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
NPCE	3.14	0.26	0.06	0.12	3.80	(3.31)	5.89	(6.82)	17.98
SRDX	1.49	(0.38)	0.00	(0.71)	0.00	0.00	2.15	(5.79)	10.84
OSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVRX	3.01	0.03	0.03	(0.21)	3.55	(3.40)	5.58	(6.47)	14.59
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
TELA	1.97	(0.29)	0.00	(0.37)	0.00	0.00	4.91	(4.23)	12.76
TMDX	3.46	0.20	0.08	(0.57)	3.70	(3.95)	7.19	(5.34)	18.92
TBIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Delcath Systems Corporate Management

Robin Wagge	VP Associates	Profile
David Hoffman	Corporate Counsel	Profile
MD MSc	Chief Officer	Profile
Kevin Muir	VP Operations	Profile
Johnny MD	Senior Affairs	Profile
Sandra Pennell	Senior Officer	Profile
Vojislav MD	Chief Officer	Profile

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