Mangoceuticals, Common Correlations

MGRX Stock

2.50 0.03 1.19%

The current 90-days correlation between Mangoceuticals, Common and FOXO Technologies is -0.08 (i.e., Good diversification). The correlation of Mangoceuticals, Common 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.

Mangoceuticals, Common Correlation With Market

Good diversification

The correlation between Mangoceuticals, Common Stock and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mangoceuticals, Common Stock 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 Mangoceuticals, Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Mangoceuticals, Stock

0.8	CI	Cigna Corp	Pair Corr
0.67	VERO	Venus Concept	Pair Corr
0.74	EKSO	Ekso Bionics Holdings	Pair Corr
0.66	LIFWW	MSP Recovery	Pair Corr
0.69	IRIX	IRIDEX	Pair Corr
0.62	ALGN	Align Technology	Pair Corr

Moving against Mangoceuticals, Stock

0.81	MD	Mednax Inc	Pair Corr
0.75	ELMD	Electromed	Pair Corr
0.67	VREX	Varex Imaging Corp	Pair Corr
0.61	DOCS	Doximity	Pair Corr
0.58	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.55	OM	Outset Medical	Pair Corr
0.45	LH	Laboratory	Pair Corr
0.37	EW	Edwards Lifesciences Corp	Pair Corr
0.87	WGS	GeneDx Holdings Corp	Pair Corr
0.75	LNSR	LENSAR Inc	Pair Corr
0.7	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.58	PODD	Insulet	Pair Corr
0.52	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.47	SYK	Stryker	Pair Corr
0.46	OFIX	Orthofix Medical	Pair Corr
0.37	MMSI	Merit Medical Systems	Pair Corr
0.83	BWAY	Brainsway	Pair Corr
0.71	AORT	Artivion	Pair Corr
0.71	CVRX	CVRx Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.54	TCMD	Tactile Systems Tech	Pair Corr
0.52	VANI	Vivani Medical	Pair Corr
0.42	DCTH	Delcath Systems	Pair Corr

Related Correlations Analysis

	FOXO	ETAO	HCTI	SNCE	BFRG	EUDA	UTRS	ACONW	AKLI	AUGX
FOXO		-0.48	0.57	-0.57	-0.28	0.21	0.19	-0.07	0.39	0.32	FOXO
ETAO	-0.48		-0.51	0.64	0.31	-0.41	-0.43	-0.06	-0.93	-0.76	ETAO
HCTI	0.57	-0.51		-0.55	-0.39	0.45	0.42	-0.07	0.45	0.23	HCTI
SNCE	-0.57	0.64	-0.55		0.08	-0.03	-0.17	0.18	-0.49	-0.62	SNCE
BFRG	-0.28	0.31	-0.39	0.08		-0.27	-0.33	0.0	-0.24	0.06	BFRG
EUDA	0.21	-0.41	0.45	-0.03	-0.27		0.35	0.18	0.47	0.23	EUDA
UTRS	0.19	-0.43	0.42	-0.17	-0.33	0.35		0.3	0.37	0.13	UTRS
ACONW	-0.07	-0.06	-0.07	0.18	0.0	0.18	0.3		0.15	-0.2	ACONW
AKLI	0.39	-0.93	0.45	-0.49	-0.24	0.47	0.37	0.15		0.66	AKLI
AUGX	0.32	-0.76	0.23	-0.62	0.06	0.23	0.13	-0.2	0.66		AUGX
	FOXO	ETAO	HCTI	SNCE	BFRG	EUDA	UTRS	ACONW	AKLI	AUGX

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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

AUGX	+ 0.66	AKLI
SNCE	+ 0.64	ETAO
HCTI	+ 0.57	FOXO
AKLI	+ 0.47	EUDA
EUDA	+ 0.45	HCTI
AKLI	+ 0.45	HCTI

High negative correlations

AKLI	- 0.93	ETAO
AUGX	- 0.76	ETAO
AUGX	- 0.62	SNCE
SNCE	- 0.57	FOXO
SNCE	- 0.55	HCTI
HCTI	- 0.51	ETAO

Risk-Adjusted Indicators

There is a big difference between Mangoceuticals, Stock performing well and Mangoceuticals, Common 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 Mangoceuticals, Common'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
FOXO	17.41	1.74	0.47	0.17	9.47	(34.92)	35.14	(10.00)	509.71
ETAO	16.91	(0.39)	0.00	0.20	0.00	0.00	58.10	(42.00)	247.80
HCTI	7.93	1.08	0.09	9.24	9.42	(10.80)	9.92	(18.35)	142.49
SNCE	5.28	(0.23)	0.00	(0.03)	0.00	0.00	11.11	(10.00)	29.72
BFRG	3.55	(0.28)	(0.03)	0.00	4.07	(4.19)	6.72	(6.97)	41.78
EUDA	4.61	(0.07)	(0.02)	0.03	6.80	(4.37)	9.70	(10.50)	25.66
UTRS	6.67	0.89	0.07	(0.77)	6.57	(13.00)	14.81	(13.04)	107.58
ACONW	6.65	1.58	0.11	(0.43)	6.50	(15.78)	28.38	(15.28)	58.58
AKLI	3.90	0.92	0.16	9.08	3.07	(7.72)	5.13	(7.14)	78.36
AUGX	4.50	2.30	0.85	(5.77)	0.00	(7.39)	2.25	(1.09)	146.54

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