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

0.62	EYEN	Eyenovia Earnings Call Tomorrow	Pair Corr
0.65	BIO	Bio Rad Laboratories	Pair Corr
0.71	XFOR	X4 Pharmaceuticals Earnings Call This Week	Pair Corr
0.69	KOD	Kodiak Sciences	Pair Corr
0.75	RDY	Dr Reddys Laboratories	Pair Corr

Moving against NeoGenomics Stock

0.58	VALN	Valneva SE ADR Earnings Call This Week	Pair Corr
0.58	VIGL	Vigil Neuroscience	Pair Corr
0.55	VRNA	Verona Pharma PLC Downward Rally	Pair Corr
0.49	EOLS	Evolus Inc	Pair Corr
0.81	IVA	Inventiva Sa	Pair Corr
0.76	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.67	PBH	Prestige Brand Holdings	Pair Corr
0.63	LLY	Eli Lilly	Pair Corr
0.47	FENC	Fennec Pharmaceuticals	Pair Corr
0.42	BMY	Bristol Myers Squibb	Pair Corr
0.7	GILD	Gilead Sciences	Pair Corr

Related Correlations Analysis

	NTRA	QGEN	NEOG	GH	CDNA	MYGN	CSTL	SYNH	MTD
NTRA		0.52	0.47	0.26	0.87	0.73	0.85	0.0	0.46	NTRA
QGEN	0.52		0.88	-0.36	0.36	0.53	0.6	0.0	0.03	QGEN
NEOG	0.47	0.88		-0.56	0.41	0.67	0.72	0.0	-0.16	NEOG
GH	0.26	-0.36	-0.56		0.27	-0.21	-0.13	0.0	0.73	GH
CDNA	0.87	0.36	0.41	0.27		0.76	0.78	0.0	0.4	CDNA
MYGN	0.73	0.53	0.67	-0.21	0.76		0.85	0.0	-0.02	MYGN
CSTL	0.85	0.6	0.72	-0.13	0.78	0.85		0.0	0.18	CSTL
SYNH	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SYNH
MTD	0.46	0.03	-0.16	0.73	0.4	-0.02	0.18	0.0		MTD
	NTRA	QGEN	NEOG	GH	CDNA	MYGN	CSTL	SYNH	MTD

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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

NEOG	+ 0.88	QGEN
CDNA	+ 0.87	NTRA
CSTL	+ 0.85	NTRA
CSTL	+ 0.85	MYGN
CSTL	+ 0.78	CDNA
MYGN	+ 0.76	CDNA

High negative correlations

GH	- 0.56	NEOG
GH	- 0.36	QGEN
MYGN	- 0.21	GH
MTD	- 0.16	NEOG
CSTL	- 0.13	GH
MTD	- 0.02	MYGN

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NTRA	2.11	(0.06)	0.00	(0.16)	0.00	0.00	4.36	(5.71)	13.77
QGEN	1.20	(0.11)	0.00	(0.50)	0.00	0.00	2.95	(3.00)	7.05
NEOG	2.07	(0.45)	0.00	(1.00)	0.00	0.00	3.92	(5.06)	12.07
GH	3.30	0.55	0.11	0.18	3.53	(3.63)	6.28	(5.93)	32.66
CDNA	3.01	(0.12)	0.00	(0.17)	0.00	0.00	5.88	(7.44)	19.59
MYGN	2.63	(0.48)	0.00	(0.80)	0.00	0.00	4.14	(5.41)	26.72
CSTL	2.41	(0.64)	0.00	(3.51)	0.00	0.00	4.51	(6.33)	23.81
SYNH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTD	1.21	0.06	0.00	(0.04)	0.00	0.00	2.34	(2.81)	8.60

NeoGenomics Corporate Management

Facmg MBA	Pres Officer	Profile
Nathan MD	Vice Services	Profile
George Cardoza	Pres Operations	Profile
Kareem Saad	Head Transformation	Profile
Gary Passman	Chief Officer	Profile

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