OncoCyte Corp Correlations

OCX Stock

USD 3.30 0.20 5.71%

The current 90-days correlation between OncoCyte Corp and Burning Rock Biotech is -0.06 (i.e., Good diversification). The correlation of OncoCyte Corp 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.

OncoCyte Corp Correlation With Market

Good diversification

The correlation between OncoCyte Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OncoCyte Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with OncoCyte Stock

0.92	CMRX	Chimerix Sell-off Trend	Pair Corr
0.72	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.65	LUCD	Lucid Diagnostics Buyout Trend	Pair Corr
0.81	PKX	POSCO Holdings	Pair Corr

Moving against OncoCyte Stock

0.91	GKOS	Glaukos Corp	Pair Corr
0.78	SNDL	SNDL Inc	Pair Corr
0.78	ELMD	Electromed	Pair Corr
0.73	MOLN	Molecular Partners	Pair Corr
0.7	CLDX	Celldex Therapeutics	Pair Corr
0.58	VOR	Vor Biopharma	Pair Corr
0.53	IPA	Immunoprecise Antibodies	Pair Corr
0.49	EYEN	Eyenovia	Pair Corr
0.44	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.42	RGEN	Repligen Potential Growth	Pair Corr
0.42	CRVS	Corvus Pharmaceuticals	Pair Corr
0.86	LIVN	LivaNova PLC	Pair Corr
0.84	ITGR	Integer Holdings Corp	Pair Corr
0.79	APYX	Apyx Medical	Pair Corr
0.75	MODD	Modular Medical	Pair Corr
0.71	INGN	Inogen Inc	Pair Corr
0.59	OTRK	Ontrak Inc	Pair Corr
0.58	MDAI	Spectral AI	Pair Corr
0.49	SGHT	Sight Sciences	Pair Corr
0.48	NPCE	Neuropace	Pair Corr
0.39	AXDX	Accelerate Diagnostics Earnings Call This Week	Pair Corr
0.82	KB	KB Financial Group	Pair Corr
0.81	SRDX	SurModics	Pair Corr
0.77	CNMD	CONMED	Pair Corr
0.74	HYMTF	Hyundai Motor	Pair Corr
0.67	RKV	Rakovina Therapeutics	Pair Corr
0.39	CCLDP	CareCloud	Pair Corr

Related Correlations Analysis

	BNR	STIM	DRIO	GTH	SERA	OLK	FONR	CSTL	XGN	PSNL
BNR		-0.55	0.32	0.0	0.51	0.0	0.58	0.77	0.28	0.65	BNR
STIM	-0.55		-0.39	0.0	-0.96	0.0	-0.43	-0.68	-0.48	-0.43	STIM
DRIO	0.32	-0.39		0.0	0.42	0.0	0.0	0.39	-0.17	0.34	DRIO
GTH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GTH
SERA	0.51	-0.96	0.42	0.0		0.0	0.32	0.61	0.44	0.4	SERA
OLK	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OLK
FONR	0.58	-0.43	0.0	0.0	0.32	0.0		0.79	0.52	0.47	FONR
CSTL	0.77	-0.68	0.39	0.0	0.61	0.0	0.79		0.48	0.59	CSTL
XGN	0.28	-0.48	-0.17	0.0	0.44	0.0	0.52	0.48		-0.01	XGN
PSNL	0.65	-0.43	0.34	0.0	0.4	0.0	0.47	0.59	-0.01		PSNL
	BNR	STIM	DRIO	GTH	SERA	OLK	FONR	CSTL	XGN	PSNL

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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

CSTL	+ 0.79	FONR
CSTL	+ 0.77	BNR
PSNL	+ 0.65	BNR
CSTL	+ 0.61	SERA
PSNL	+ 0.59	CSTL
FONR	+ 0.58	BNR

High negative correlations

SERA	- 0.96	STIM
CSTL	- 0.68	STIM
STIM	- 0.55	BNR
XGN	- 0.48	STIM
PSNL	- 0.43	STIM
FONR	- 0.43	STIM

Risk-Adjusted Indicators

There is a big difference between OncoCyte Stock performing well and OncoCyte Corp 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 OncoCyte Corp'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	3.83	(0.16)	0.00	(0.34)	0.00	0.00	8.52	(10.25)	26.46
STIM	6.97	2.65	0.36	2.83	5.84	(8.42)	18.78	(10.80)	51.44
DRIO	6.25	0.53	0.06	(2.38)	8.91	(7.66)	11.29	(12.50)	121.18
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SERA	3.36	(0.93)	0.00	(0.79)	0.00	0.00	5.72	(8.66)	26.54
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FONR	1.34	(0.13)	0.00	(0.29)	0.00	0.00	2.50	(2.86)	10.83
CSTL	2.47	(0.47)	0.00	(2.04)	0.00	0.00	4.51	(6.33)	23.81
XGN	5.08	0.03	0.00	(0.06)	0.00	0.00	15.86	(11.56)	42.16
PSNL	5.65	0.54	0.06	0.07	5.62	(6.94)	9.82	(7.64)	61.04

OncoCyte Corp Corporate Management

Andrea James	Chief Officer	Profile
Ekkehard MD	Chief Officer	Profile
Joshua Riggs	Interim Officer	Profile
Tony Kalajian	Senior Vice President Chief Accounting Officer	Profile
Andrew Last	Independent Director	Profile
William Annett	Advisor	Profile

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