Oxford Nanopore Correlations
| ONTTF Stock | USD 1.33 0.24 15.29% |
The correlation of Oxford Nanopore 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.
Oxford Nanopore Correlation With Market
Good diversification
The correlation between Oxford Nanopore Technologies and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oxford Nanopore Technologies and DJI in the same portfolio, assuming nothing else is changed.
Oxford |
The ability to find closely correlated positions to Oxford Nanopore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oxford Nanopore when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oxford Nanopore - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oxford Nanopore Technologies to buy it.
Moving together with Oxford Pink Sheet
| 0.69 | CSLLY | CSL | PairCorr |
| 0.81 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.69 | DCGO | DocGo Inc | PairCorr |
| 0.64 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.65 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.66 | HPQ | HP Inc Sell-off Trend | PairCorr |
| 0.8 | AXP | American Express | PairCorr |
| 0.76 | AA | Alcoa Corp | PairCorr |
| 0.77 | BAC | Bank of America | PairCorr |
| 0.83 | MSFT | Microsoft | PairCorr |
| 0.79 | CAT | Caterpillar | PairCorr |
Moving against Oxford Pink Sheet
| 0.64 | VRTX | Vertex Pharmaceuticals | PairCorr |
| 0.59 | WM | Waste Management | PairCorr |
| 0.49 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.81 | JNJ | Johnson Johnson | PairCorr |
| 0.8 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | T | ATT Inc Aggressive Push | PairCorr |
| 0.72 | TRV | The Travelers Companies | PairCorr |
| 0.63 | PG | Procter Gamble | PairCorr |
| 0.52 | IBM | International Business | PairCorr |
| 0.42 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.36 | INTC | Intel | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Oxford Pink Sheet performing well and Oxford Nanopore 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 Oxford Nanopore'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LCTX | 3.93 | 0.13 | 0.03 | 0.16 | 3.93 | 12.00 | 24.78 | |||
| CVKD | 3.98 | 0.67 | 0.13 | 0.45 | 4.35 | 11.37 | 24.29 | |||
| ICCC | 2.64 | 0.16 | 0.05 | 0.18 | 3.10 | 6.80 | 14.28 | |||
| REUN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRAXF | 11.43 | 1.44 | 0.04 | 0.25 | 13.96 | 50.00 | 150.00 | |||
| AGNPF | 5.43 | 0.97 | 0.10 | (0.30) | 5.83 | 15.11 | 37.47 | |||
| AWKNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IVBXF | 1.83 | 0.29 | 0.05 | 0.52 | 2.42 | 7.27 | 26.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oxford Nanopore without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Oxford Nanopore Corporate Management
| Tim Cowper | CFO Director | Profile | |
| Sara Le | VP Marketing | Profile | |
| Sarah Lapworth | VP HR | Profile | |
| Jordan Herman | Sr Counsel | Profile | |
| Richard Compton | VP Operations | Profile | |
| John Schoellerman | Sr Relations | Profile | |
| Pr Bayley | CoFounder Board | Profile |