NanoVibronix Correlations

NAOV Stock

USD 4.45 1.19 36.50%

The current 90-days correlation between NanoVibronix and Bone Biologics Corp is 0.17 (i.e., Average diversification). The correlation of NanoVibronix 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.

NanoVibronix Correlation With Market

Significant diversification

The correlation between NanoVibronix and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NanoVibronix 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 NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

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

Moving together with NanoVibronix Stock

0.78	EYEN	Eyenovia	Pair Corr
0.73	LNDNF	Lundin Energy AB	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.73	AA	Alcoa Corp	Pair Corr

Moving against NanoVibronix Stock

0.86	JNJ	Johnson Johnson	Pair Corr
0.82	NVRO	Nevro Corp	Pair Corr
0.82	T	ATT Inc Earnings Call This Week	Pair Corr
0.78	CMRX	Chimerix Sell-off Trend	Pair Corr
0.75	VZ	Verizon Communications	Pair Corr
0.67	CVX	Chevron Corp	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.6	IBM	International Business	Pair Corr
0.57	INTC	Intel	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.53	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.42	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	BBLG	BJDX	VVOS	TIVC	THMO	HSCS	RSLS	NUWE	SINT	RMED
BBLG		-0.13	0.34	0.08	0.0	0.56	0.58	0.12	-0.05	0.0	BBLG
BJDX	-0.13		-0.08	-0.23	0.0	-0.06	0.01	-0.1	-0.1	0.0	BJDX
VVOS	0.34	-0.08		-0.17	0.0	0.3	0.86	-0.48	-0.23	0.0	VVOS
TIVC	0.08	-0.23	-0.17		0.0	0.46	-0.15	0.38	0.33	0.0	TIVC
THMO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	THMO
HSCS	0.56	-0.06	0.3	0.46	0.0		0.44	0.06	0.24	0.0	HSCS
RSLS	0.58	0.01	0.86	-0.15	0.0	0.44		-0.45	-0.16	0.0	RSLS
NUWE	0.12	-0.1	-0.48	0.38	0.0	0.06	-0.45		0.13	0.0	NUWE
SINT	-0.05	-0.1	-0.23	0.33	0.0	0.24	-0.16	0.13		0.0	SINT
RMED	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RMED
	BBLG	BJDX	VVOS	TIVC	THMO	HSCS	RSLS	NUWE	SINT	RMED

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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

RSLS	+ 0.86	VVOS
RSLS	+ 0.58	BBLG
HSCS	+ 0.56	BBLG
HSCS	+ 0.46	TIVC
RSLS	+ 0.44	HSCS
NUWE	+ 0.38	TIVC

High negative correlations

NUWE	- 0.48	VVOS
NUWE	- 0.45	RSLS
SINT	- 0.23	VVOS
TIVC	- 0.23	BJDX
TIVC	- 0.17	VVOS
SINT	- 0.16	RSLS

Risk-Adjusted Indicators

There is a big difference between NanoVibronix Stock performing well and NanoVibronix 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 NanoVibronix'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
BBLG	3.55	(0.37)	0.00	(0.39)	0.00	0.00	9.80	(7.87)	23.26
BJDX	5.48	0.31	0.05	0.29	6.58	(6.09)	11.00	(12.22)	42.86
VVOS	4.38	(0.17)	0.00	(0.34)	0.00	0.00	9.54	(10.34)	28.71
TIVC	9.84	1.46	0.19	(1.65)	7.57	(14.30)	10.48	(13.84)	221.76
THMO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSCS	3.10	(0.34)	0.00	(4.36)	0.00	0.00	6.41	(6.56)	19.85
RSLS	5.57	(2.31)	0.00	(1.45)	0.00	0.00	6.50	(15.44)	64.76
NUWE	3.66	0.05	0.00	(0.05)	0.00	0.00	8.11	(6.92)	20.78
SINT	5.28	0.40	0.06	0.50	5.94	(7.33)	10.63	(8.77)	90.56
RMED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NanoVibronix Corporate Management

CPA CPA	CFO Officer	Profile
M Harrison	VP Sales	Profile
Amir Rippel	Vice Marketing	Profile
Stephen CPA	Chief Officer	Profile
Harold MD	Chief Director	Profile
Lindsey Harrison	Vice Sales	Profile

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