Pulmonx Corp Correlations

LUNG Stock

USD 7.70 0.07 0.90%

The current 90-days correlation between Pulmonx Corp and Rxsight is 0.08 (i.e., Significant diversification). The correlation of Pulmonx Corp 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.

Pulmonx Corp Correlation With Market

Good diversification

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

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Pulmonx Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Pulmonx Stock

0.72	T	ATT Inc Earnings Call This Week	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.63	INTC	Intel	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.68	VZ	Verizon Communications	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr

Moving against Pulmonx Stock

0.74	CAT	Caterpillar	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.57	LNDNF	Lundin Energy AB	Pair Corr
0.49	AXP	American Express	Pair Corr
0.47	EYEN	Eyenovia	Pair Corr
0.31	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	RXST	AXGN	LUNG	OFIX	KIDS	ITGR	CNMD	ESTA	SGHT	FNA
RXST		-0.62	-0.66	0.47	-0.45	0.68	0.84	0.24	0.77	-0.67	RXST
AXGN	-0.62		0.43	0.15	0.49	-0.06	-0.42	-0.58	-0.72	0.6	AXGN
LUNG	-0.66	0.43		-0.45	-0.07	-0.69	-0.83	0.08	-0.53	0.52	LUNG
OFIX	0.47	0.15	-0.45		0.15	0.87	0.56	-0.48	0.05	0.02	OFIX
KIDS	-0.45	0.49	-0.07	0.15		0.12	-0.14	-0.5	-0.48	0.26	KIDS
ITGR	0.68	-0.06	-0.69	0.87	0.12		0.77	-0.34	0.35	-0.34	ITGR
CNMD	0.84	-0.42	-0.83	0.56	-0.14	0.77		0.02	0.69	-0.65	CNMD
ESTA	0.24	-0.58	0.08	-0.48	-0.5	-0.34	0.02		0.58	-0.52	ESTA
SGHT	0.77	-0.72	-0.53	0.05	-0.48	0.35	0.69	0.58		-0.87	SGHT
FNA	-0.67	0.6	0.52	0.02	0.26	-0.34	-0.65	-0.52	-0.87		FNA
	RXST	AXGN	LUNG	OFIX	KIDS	ITGR	CNMD	ESTA	SGHT	FNA

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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

ITGR	+ 0.87	OFIX
CNMD	+ 0.84	RXST
SGHT	+ 0.77	RXST
CNMD	+ 0.77	ITGR
SGHT	+ 0.69	CNMD
ITGR	+ 0.68	RXST

High negative correlations

FNA	- 0.87	SGHT
CNMD	- 0.83	LUNG
SGHT	- 0.72	AXGN
ITGR	- 0.69	LUNG
FNA	- 0.67	RXST
LUNG	- 0.66	RXST

Risk-Adjusted Indicators

There is a big difference between Pulmonx Stock performing well and Pulmonx Corp 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 Pulmonx Corp'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
RXST	2.20	(0.53)	0.00	(0.70)	0.00	0.00	3.73	(5.04)	15.79
AXGN	2.68	0.41	0.16	0.42	2.46	(3.74)	5.97	(3.56)	21.80
LUNG	3.35	0.40	0.13	(1.90)	3.33	(3.75)	6.59	(5.54)	41.39
OFIX	1.24	(0.09)	0.00	(0.18)	0.00	0.00	2.18	(2.74)	6.60
KIDS	1.92	0.23	0.10	0.17	2.18	(2.09)	3.54	(3.39)	15.28
ITGR	1.10	(0.16)	0.00	(0.24)	0.00	0.00	1.68	(2.80)	8.30
CNMD	1.66	(0.25)	0.00	(0.40)	0.00	0.00	3.52	(3.53)	13.79
ESTA	3.78	0.02	0.00	(0.06)	0.00	0.00	7.41	(8.29)	31.96
SGHT	3.37	(0.23)	0.00	(0.30)	0.00	0.00	7.19	(6.05)	24.66
FNA	1.22	0.35	0.25	2.68	1.10	(1.58)	3.78	(3.09)	8.63

Pulmonx Corp Corporate Management

David Lehman	General Secretary	Profile
Geoffrey Rose	Chief Officer	Profile
Lauren Cristina	Vice Administration	Profile
John McKune	VP Controller	Profile
Sri Radhakrishnan	Chief Officer	Profile
Mehul Joshi	Chief Officer	Profile

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