MaxCyte Correlations

MXCT Stock

USD 3.19 0.07 2.15%

The current 90-days correlation between MaxCyte and Sight Sciences is 0.28 (i.e., Modest diversification). The correlation of MaxCyte 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.

MaxCyte Correlation With Market

Modest diversification

The correlation between MaxCyte and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MaxCyte 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 MaxCyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy MaxCyte Stock please use our How to Invest in MaxCyte guide.

Moving together with MaxCyte Stock

0.77	VVOS	Vivos Therapeutics Earnings Call This Week	Pair Corr
0.72	EKSO	Ekso Bionics Holdings	Pair Corr
0.73	ELAB	Elevai Labs, Common Upward Rally	Pair Corr
0.85	ELMD	Electromed Potential Growth	Pair Corr
0.76	EMBC	Embecta Corp	Pair Corr
0.9	ENOV	Enovis Corp	Pair Corr
0.83	WORX	Scworx Corp	Pair Corr
0.78	FIGS	Figs Inc	Pair Corr
0.65	AMS	American Shared Hospital Earnings Call This Week	Pair Corr
0.71	XAIR	Beyond Air	Pair Corr

Moving against MaxCyte Stock

0.74	FEMY	Femasys	Pair Corr
0.64	CI	Cigna Corp	Pair Corr
0.47	DOCS	Doximity	Pair Corr
0.39	EDAP	EDAP TMS SA	Pair Corr
0.35	EHAB	Enhabit	Pair Corr
0.32	MD	Mednax Inc	Pair Corr
0.81	BKD	Brookdale Senior Living	Pair Corr
0.72	DGX	Quest Diagnostics	Pair Corr
0.63	BAX	Baxter International	Pair Corr
0.59	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.58	CHE	Chemed Corp	Pair Corr
0.57	ABT	Abbott Laboratories	Pair Corr
0.39	ALC	Alcon AG	Pair Corr
0.35	COR	Cencora	Pair Corr

Related Correlations Analysis

	SGHT	CVRX	NPCE	RPID	CNMD	KIDS	SRDX	ITGR	LUNG	IRMD
SGHT		-0.03	-0.34	-0.79	0.74	-0.51	0.83	0.37	-0.52	-0.13	SGHT
CVRX	-0.03		0.7	-0.08	0.45	0.56	0.28	0.79	-0.43	0.86	CVRX
NPCE	-0.34	0.7		0.37	0.12	0.33	0.02	0.5	-0.01	0.75	NPCE
RPID	-0.79	-0.08	0.37		-0.67	0.2	-0.69	-0.22	0.58	0.1	RPID
CNMD	0.74	0.45	0.12	-0.67		-0.16	0.75	0.75	-0.81	0.41	CNMD
KIDS	-0.51	0.56	0.33	0.2	-0.16		-0.39	0.14	-0.08	0.44	KIDS
SRDX	0.83	0.28	0.02	-0.69	0.75	-0.39		0.6	-0.48	0.17	SRDX
ITGR	0.37	0.79	0.5	-0.22	0.75	0.14	0.6		-0.68	0.74	ITGR
LUNG	-0.52	-0.43	-0.01	0.58	-0.81	-0.08	-0.48	-0.68		-0.4	LUNG
IRMD	-0.13	0.86	0.75	0.1	0.41	0.44	0.17	0.74	-0.4		IRMD
	SGHT	CVRX	NPCE	RPID	CNMD	KIDS	SRDX	ITGR	LUNG	IRMD

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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

IRMD	+ 0.86	CVRX
SRDX	+ 0.83	SGHT
ITGR	+ 0.79	CVRX
IRMD	+ 0.75	NPCE
SRDX	+ 0.75	CNMD
ITGR	+ 0.75	CNMD

High negative correlations

LUNG	- 0.81	CNMD
RPID	- 0.79	SGHT
SRDX	- 0.69	RPID
LUNG	- 0.68	ITGR
CNMD	- 0.67	RPID
LUNG	- 0.52	SGHT

Risk-Adjusted Indicators

There is a big difference between MaxCyte Stock performing well and MaxCyte 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 MaxCyte'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
SGHT	3.26	(0.36)	0.00	(0.44)	0.00	0.00	7.19	(6.05)	24.66
CVRX	3.10	(0.03)	0.00	(0.11)	0.00	0.00	5.58	(6.75)	14.59
NPCE	3.21	0.24	0.05	0.08	3.81	(3.43)	5.89	(6.82)	17.98
RPID	6.85	1.88	0.26	0.49	5.48	(9.01)	21.64	(10.00)	47.40
CNMD	1.64	(0.20)	0.00	(0.33)	0.00	0.00	3.52	(3.53)	13.79
KIDS	1.91	0.28	0.12	0.19	2.17	(2.05)	3.54	(3.39)	15.28
SRDX	1.45	(0.42)	0.00	(0.84)	0.00	0.00	1.74	(5.79)	10.84
ITGR	1.11	(0.14)	0.00	(0.24)	0.00	0.00	1.68	(2.80)	8.30
LUNG	3.37	0.42	0.14	(3.45)	3.34	(3.78)	6.59	(5.54)	41.39
IRMD	1.36	(0.01)	0.00	(0.10)	0.00	0.00	2.43	(2.77)	11.55

MaxCyte Corporate Management

James Brady	Senior Support	Profile
Stark Thompson	Consultant	Profile
Jill Mayer	Senior Resources	Profile
Cenk Sumen	Chief Officer	Profile
Douglas Doerfler	President, Founder	Profile
Jay Gelfman	Senior Operations	Profile

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