NeoGenomics Correlations

NEO Stock  USD 9.82  0.30  3.15%   
The current 90-days correlation between NeoGenomics and Neogen is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoGenomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NeoGenomics Correlation With Market

Significant diversification

The correlation between NeoGenomics and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeoGenomics 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 NeoGenomics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
To learn how to invest in NeoGenomics Stock, please use our How to Invest in NeoGenomics guide.

Moving together with NeoGenomics Stock

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  0.91GNPX GenprexPairCorr

Moving against NeoGenomics Stock

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  0.81IVA Inventiva SaPairCorr
  0.76JNJ Johnson Johnson Sell-off TrendPairCorr
  0.67PBH Prestige Brand HoldingsPairCorr
  0.63LLY Eli LillyPairCorr
  0.47FENC Fennec PharmaceuticalsPairCorr
  0.42BMY Bristol Myers SquibbPairCorr
  0.7GILD Gilead SciencesPairCorr

Related Correlations Analysis

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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   
CDNANTRA
CSTLNTRA
CSTLMYGN
CSTLCDNA
MYGNNTRA
MYGNCDNA
  
High negative correlations   
GHNEOG
GHQGEN
MTDNEOG
MYGNGH
CSTLGH
MTDQGEN

Risk-Adjusted Indicators

There is a big difference between NeoGenomics Stock performing well and NeoGenomics 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 NeoGenomics' 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.

NeoGenomics Corporate Management

Facmg MBAPres OfficerProfile
Nathan MDVice ServicesProfile
George CardozaPres OperationsProfile
Kareem SaadHead TransformationProfile
Gary PassmanChief OfficerProfile