GlucoTrack Correlations

GCTK Stock

USD 0.39 0.03 8.33%

The current 90-days correlation between GlucoTrack and Sharps Technology is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GlucoTrack moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GlucoTrack moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GlucoTrack Correlation With Market

Significant diversification

The correlation between GlucoTrack and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GlucoTrack and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GlucoTrack. 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 information on how to buy GlucoTrack Stock please use our How to buy in GlucoTrack Stock guide.

Moving together with GlucoTrack Stock

0.86	OM	Outset Medical	Pair Corr
0.79	VREX	Varex Imaging Corp	Pair Corr
0.74	ELAB	Elevai Labs, Common Trending	Pair Corr
0.8	EMBC	Embecta Corp	Pair Corr
0.63	ESTA	Establishment Labs	Pair Corr
0.7	EUDA	EUDA Health Holdings	Pair Corr
0.65	WORX	Scworx Corp	Pair Corr
0.64	FIGS	Figs Inc	Pair Corr
0.81	FLGT	Fulgent Genetics	Pair Corr
0.74	AMS	American Shared Hospital Earnings Call This Week	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr
0.92	AWH	Aspira Womens Health Earnings Call This Week	Pair Corr

Moving against GlucoTrack Stock

0.83	LH	Laboratory	Pair Corr
0.78	GH	Guardant Health	Pair Corr
0.68	CI	Cigna Corp	Pair Corr
0.65	DOCS	Doximity	Pair Corr
0.63	FEMY	Femasys	Pair Corr
0.55	EDAP	EDAP TMS SA	Pair Corr
0.53	EHAB	Enhabit	Pair Corr
0.44	VEEV	Veeva Systems Class	Pair Corr
0.43	MD	Mednax Inc	Pair Corr
0.31	DXCM	DexCom Inc	Pair Corr
0.9	AGL	agilon health	Pair Corr
0.88	CAH	Cardinal Health	Pair Corr
0.85	BSX	Boston Scientific Corp	Pair Corr
0.85	COR	Cencora	Pair Corr
0.85	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.83	ABT	Abbott Laboratories	Pair Corr
0.79	DGX	Quest Diagnostics	Pair Corr
0.72	ALC	Alcon AG Sell-off Trend	Pair Corr
0.71	BAX	Baxter International	Pair Corr
0.71	CON	Concentra Group Holdings	Pair Corr

Related Correlations Analysis

	NXGL	AVGR	STSS	LUCY	GMVD	POAI	MBOT	PDEX	ZJYL	MHUA
NXGL		0.5	0.68	0.63	0.0	-0.58	-0.47	0.45	0.3	0.41	NXGL
AVGR	0.5		0.32	0.52	0.0	-0.12	-0.01	0.25	0.08	0.21	AVGR
STSS	0.68	0.32		0.79	0.0	-0.48	-0.26	0.73	0.4	0.35	STSS
LUCY	0.63	0.52	0.79		0.0	-0.16	0.04	0.44	0.3	0.36	LUCY
GMVD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GMVD
POAI	-0.58	-0.12	-0.48	-0.16	0.0		0.86	-0.52	0.06	-0.41	POAI
MBOT	-0.47	-0.01	-0.26	0.04	0.0	0.86		-0.27	0.25	-0.36	MBOT
PDEX	0.45	0.25	0.73	0.44	0.0	-0.52	-0.27		0.38	0.32	PDEX
ZJYL	0.3	0.08	0.4	0.3	0.0	0.06	0.25	0.38		-0.12	ZJYL
MHUA	0.41	0.21	0.35	0.36	0.0	-0.41	-0.36	0.32	-0.12		MHUA
	NXGL	AVGR	STSS	LUCY	GMVD	POAI	MBOT	PDEX	ZJYL	MHUA

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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

MBOT	+ 0.86	POAI
LUCY	+ 0.79	STSS
PDEX	+ 0.73	STSS
STSS	+ 0.68	NXGL
LUCY	+ 0.63	NXGL
LUCY	+ 0.52	AVGR

High negative correlations

POAI	- 0.58	NXGL
PDEX	- 0.52	POAI
POAI	- 0.48	STSS
MBOT	- 0.47	NXGL
MHUA	- 0.41	POAI
MHUA	- 0.36	MBOT

Risk-Adjusted Indicators

There is a big difference between GlucoTrack Stock performing well and GlucoTrack 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 GlucoTrack'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
NXGL	3.95	(0.02)	0.00	(0.11)	0.00	0.00	9.22	(7.95)	27.48
AVGR	10.38	1.01	0.07	0.28	11.53	(16.33)	33.33	(24.22)	156.92
STSS	8.66	(1.50)	0.00	0.53	0.00	0.00	19.35	(18.18)	76.46
LUCY	4.16	(0.57)	0.00	(0.61)	0.00	0.00	7.18	(9.27)	28.66
GMVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
POAI	6.99	1.12	0.15	1.00	6.79	(9.88)	16.54	(9.70)	80.58
MBOT	7.21	1.72	0.19	0.87	7.27	(10.30)	16.23	(9.41)	121.64
PDEX	3.83	0.21	0.05	0.18	4.18	(4.35)	8.67	(6.88)	34.56
ZJYL	5.99	0.60	0.07	0.34	6.68	(7.06)	14.29	(11.36)	38.64
MHUA	3.78	(0.43)	0.00	(0.40)	0.00	0.00	6.67	(8.57)	44.90

GlucoTrack Corporate Management

Erez BenZvi	GM Product	Profile
Drinda Benjamin	Vice Marketing	Profile
Paul Goode	Chief Officer	Profile
MScEE MBA	Chairman CoFounder	Profile
Mark Tapsak	Vice Technology	Profile
Esq CPA	Chief Officer	Profile
David BA	CoFounder	Profile

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