ENDRA Life Correlations

NDRA Stock

USD 4.30 0.27 6.70%

The correlation of ENDRA Life 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.

ENDRA Life Correlation With Market

Good diversification

The correlation between ENDRA Life Sciences and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ENDRA Life Sciences 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 ENDRA Life Sciences. 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 ENDRA Stock

0.7	HOLX	Hologic	Pair Corr
0.64	SSKN	STRATA Skin Sciences Earnings Call This Week	Pair Corr
0.72	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.71	ZURA	Zura Bio Limited	Pair Corr
0.78	IMMX	Immix Biopharma	Pair Corr
0.92	IMRX	Immuneering Corp	Pair Corr
0.66	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.76	PYXS	Pyxis Oncology	Pair Corr
0.62	RAIN	Rain Enhancement Tec	Pair Corr
0.63	SCLX	Scilex Holding	Pair Corr
0.82	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr

Moving against ENDRA Stock

0.73	OCX	OncoCyte Corp	Pair Corr
0.69	LUCD	Lucid Diagnostics	Pair Corr
0.57	GOSS	Gossamer Bio	Pair Corr
0.5	MNDR	Mobile health Network	Pair Corr
0.42	PAVM	PAVmed Inc Earnings Call Tomorrow	Pair Corr
0.4	HIMS	Hims Hers Health	Pair Corr
0.5	NVCT	Nuvectis Pharma	Pair Corr

Related Correlations Analysis

	BNR	STIM	DRIO	GTH	SERA	STRRP	LAB	BDSX	HTGM
BNR		-0.6	0.32	0.0	0.56	-0.09	0.64	0.6	0.0	BNR
STIM	-0.6		-0.42	0.0	-0.95	0.25	-0.9	-0.9	0.0	STIM
DRIO	0.32	-0.42		0.0	0.45	0.27	0.34	0.51	0.0	DRIO
GTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GTH
SERA	0.56	-0.95	0.45	0.0		-0.24	0.87	0.92	0.0	SERA
STRRP	-0.09	0.25	0.27	0.0	-0.24		-0.28	-0.23	0.0	STRRP
LAB	0.64	-0.9	0.34	0.0	0.87	-0.28		0.83	0.0	LAB
BDSX	0.6	-0.9	0.51	0.0	0.92	-0.23	0.83		0.0	BDSX
HTGM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HTGM
	BNR	STIM	DRIO	GTH	SERA	STRRP	LAB	BDSX	HTGM

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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

BDSX	+ 0.92	SERA
LAB	+ 0.87	SERA
BDSX	+ 0.83	LAB
LAB	+ 0.64	BNR
BDSX	+ 0.6	BNR
SERA	+ 0.56	BNR

High negative correlations

SERA	- 0.95	STIM
BDSX	- 0.9	STIM
LAB	- 0.9	STIM
STIM	- 0.6	BNR
DRIO	- 0.42	STIM
LAB	- 0.28	STRRP

Risk-Adjusted Indicators

There is a big difference between ENDRA Stock performing well and ENDRA Life 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 ENDRA Life'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
BNR	3.74	(0.08)	0.00	(0.62)	0.00	0.00	8.52	(9.66)	26.46
STIM	6.77	2.40	0.34	(1.26)	5.83	(8.22)	18.50	(10.80)	51.44
DRIO	5.95	0.66	0.07	4.71	8.75	(7.65)	8.96	(12.16)	121.18
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SERA	3.50	(1.24)	0.00	7.14	0.00	0.00	5.72	(8.66)	24.27
STRRP	1.23	(0.05)	0.00	0.16	0.00	0.00	2.54	(3.29)	7.81
LAB	3.99	(0.74)	0.00	0.22	0.00	0.00	6.02	(7.14)	40.74
BDSX	3.45	(0.83)	0.00	0.93	0.00	0.00	5.00	(8.87)	26.65
HTGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

ENDRA Life Corporate Management

Michael Thornton	Chief Officer	Profile
Renaud Maloberti	Chief Commercial Officer	Profile
Ziad Rouag	Head Affairs	Profile
Jonathan Behr	CoFounder	Profile
Richard Jacroux	Chief Officer	Profile

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