NewGenIvf Group Correlations

NIVF Stock

1.08 0.10 10.20%

The current 90-days correlation between NewGenIvf Group and Lipocine is 0.16 (i.e., Average diversification). The correlation of NewGenIvf Group 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.

NewGenIvf Group Correlation With Market

Significant diversification

The correlation between NewGenIvf Group Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NewGenIvf Group Limited 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 NewGenIvf Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with NewGenIvf Stock

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0.88	HAE	Haemonetics	Pair Corr
0.87	HOLX	Hologic	Pair Corr
0.64	INFU	InfuSystems Holdings	Pair Corr
0.64	PAVMZ	PAVmed Series Z	Pair Corr
0.83	SSKN	STRATA Skin Sciences Earnings Call Today	Pair Corr
0.68	TELA	Tela Bio	Pair Corr
0.75	CDIOW	Cardio Diagnostics	Pair Corr
0.93	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.78	VRDN	Viridian Therapeutics	Pair Corr
0.7	ELVN	Enliven Therapeutics	Pair Corr
0.93	WINT	Windtree Therapeutics Buyout Trend	Pair Corr

Moving against NewGenIvf Stock

0.87	LUCD	Lucid Diagnostics	Pair Corr
0.83	INMD	InMode	Pair Corr
0.83	ACONW	Aclarion	Pair Corr
0.75	PEN	Penumbra	Pair Corr
0.62	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.57	LUNG	Pulmonx Corp Downward Rally	Pair Corr
0.37	RVP	Retractable Technologies Earnings Call This Week	Pair Corr
0.34	MASI	Masimo	Pair Corr
0.94	NURO	NeuroMetrix	Pair Corr
0.55	MNDR	Mobile health Network	Pair Corr
0.53	PAVM	PAVmed Inc	Pair Corr
0.49	TMDX	TransMedics Group	Pair Corr
0.41	DCTH	Delcath Systems	Pair Corr
0.93	NVS	Novartis AG ADR	Pair Corr
0.92	AZN	AstraZeneca PLC ADR	Pair Corr
0.91	SNY	Sanofi ADR	Pair Corr
0.87	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.86	GILD	Gilead Sciences Sell-off Trend	Pair Corr
0.75	LLY	Eli Lilly	Pair Corr

Related Correlations Analysis

	LPCN	ELVA	AIHS	CHMN	GFF	PMNXF	ARW	AVRTF
LPCN		0.21	0.51	0.0	0.23	-0.75	0.78	0.0	LPCN
ELVA	0.21		0.14	0.0	0.3	0.06	0.14	0.0	ELVA
AIHS	0.51	0.14		0.0	-0.07	-0.57	0.2	0.0	AIHS
CHMN	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	CHMN
GFF	0.23	0.3	-0.07	0.0		-0.21	0.53	0.0	GFF
PMNXF	-0.75	0.06	-0.57	0.0	-0.21		-0.6	0.0	PMNXF
ARW	0.78	0.14	0.2	0.0	0.53	-0.6		0.0	ARW
AVRTF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		AVRTF
	LPCN	ELVA	AIHS	CHMN	GFF	PMNXF	ARW	AVRTF

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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

ARW	+ 0.78	LPCN
ARW	+ 0.53	GFF
AIHS	+ 0.51	LPCN
GFF	+ 0.3	ELVA
GFF	+ 0.23	LPCN
ELVA	+ 0.21	LPCN

High negative correlations

AVRTF	- 1.0	CHMN
PMNXF	- 0.75	LPCN
ARW	- 0.6	PMNXF
PMNXF	- 0.57	AIHS
PMNXF	- 0.21	GFF
GFF	- 0.07	AIHS

Risk-Adjusted Indicators

There is a big difference between NewGenIvf Stock performing well and NewGenIvf Group 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 NewGenIvf Group'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
LPCN	3.29	(0.34)	0.00	(0.35)	0.00	0.00	5.80	(7.40)	21.22
ELVA	3.01	0.27	0.08	0.45	3.28	(3.46)	7.54	(4.58)	17.61
AIHS	2.54	0.05	0.01	0.04	3.34	(3.14)	5.68	(6.54)	23.64
CHMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GFF	1.57	(0.01)	0.00	(0.04)	0.00	0.00	2.86	(3.19)	12.51
PMNXF	1.80	0.21	0.10	(0.63)	1.90	(2.52)	4.65	(3.33)	9.77
ARW	1.20	(0.11)	0.00	(0.17)	0.00	0.00	2.24	(2.62)	6.75
AVRTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NewGenIvf Group Corporate Executives

Elected by the shareholders, the NewGenIvf Group's board of directors comprises two types of representatives: NewGenIvf Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NewGenIvf. The board's role is to monitor NewGenIvf Group's management team and ensure that shareholders' interests are well served. NewGenIvf Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NewGenIvf Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Hei Fong

Chief CoFounder

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