Opko Health Correlations
OPK Stock | USD 1.74 0.02 1.16% |
The current 90-days correlation between Opko Health and Caredx Inc is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Opko Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Opko Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Opko Health Correlation With Market
Very good diversification
The correlation between Opko Health and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Opko Health and DJI in the same portfolio, assuming nothing else is changed.
Opko |
Moving together with Opko Stock
0.79 | IVA | Inventiva Sa | PairCorr |
0.73 | LLY | Eli Lilly | PairCorr |
0.79 | PBH | Prestige Brand Holdings | PairCorr |
0.73 | KRYS | Krystal Biotech | PairCorr |
0.76 | ABBV | AbbVie Inc | PairCorr |
Moving against Opko Stock
0.72 | NKTX | Nkarta Inc Earnings Call This Week | PairCorr |
0.68 | PALI | Palisade Bio | PairCorr |
0.64 | ZVSA | ZyVersa Therapeutics | PairCorr |
0.64 | PHVS | Pharvaris BV | PairCorr |
0.61 | ENVB | Enveric Biosciences | PairCorr |
0.58 | IMMX | Immix Biopharma | PairCorr |
0.53 | KZR | Kezar Life Sciences | PairCorr |
0.53 | MNOV | MediciNova | PairCorr |
0.52 | ZURA | Zura Bio Limited | PairCorr |
0.52 | MLTX | MoonLake Immunotherapeuti | PairCorr |
0.43 | MRK | Merck Company Sell-off Trend | PairCorr |
0.43 | MOLN | Molecular Partners | PairCorr |
0.4 | PHIO | Phio Pharmaceuticals Corp | PairCorr |
0.4 | PMVP | Pmv Pharmaceuticals | PairCorr |
0.32 | EVO | Evotec SE ADR | PairCorr |
0.31 | NBY | NovaBay Pharmaceuticals | PairCorr |
0.77 | EMBC | Embecta Corp | PairCorr |
0.77 | GKOS | Glaukos Corp | PairCorr |
0.73 | WST | West Pharmaceutical | PairCorr |
0.68 | CNSP | Cns Pharmaceuticals Upward Rally | PairCorr |
0.65 | DAWN | Day One Biopharmaceu Downward Rally | PairCorr |
0.64 | SUPN | Supernus Pharmaceuticals | PairCorr |
0.63 | ELMD | Electromed | PairCorr |
0.6 | HOLX | Hologic | PairCorr |
0.58 | CGEM | Cullinan Oncology LLC | PairCorr |
0.58 | CNTB | Connect Biopharma | PairCorr |
0.56 | APLS | Apellis Pharmaceuticals | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Opko Stock performing well and Opko Health 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 Opko Health'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
CDNA | 3.09 | (0.32) | 0.00 | 0.30 | 0.00 | 5.88 | 19.59 | |||
CSTL | 2.53 | (0.52) | 0.00 | (0.98) | 0.00 | 4.51 | 23.81 | |||
TWST | 3.06 | (0.23) | 0.00 | (1.30) | 0.00 | 6.39 | 18.27 | |||
BDSX | 3.57 | (0.94) | 0.00 | 3.20 | 0.00 | 5.00 | 29.63 | |||
NTRA | 2.18 | (0.20) | 0.00 | 5.74 | 0.00 | 4.36 | 13.77 | |||
FLGT | 1.95 | (0.23) | 0.00 | 0.46 | 0.00 | 3.85 | 16.71 | |||
ILMN | 2.01 | (0.83) | 0.00 | 73.13 | 0.00 | 2.87 | 15.07 | |||
TTOO | 10.57 | 0.07 | 0.04 | (0.13) | 11.17 | 17.14 | 151.74 | |||
A | 1.16 | (0.12) | 0.00 | (0.23) | 0.00 | 2.92 | 9.03 |
Opko Health Corporate Executives
Elected by the shareholders, the Opko Health's board of directors comprises two types of representatives: Opko Health inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Opko. The board's role is to monitor Opko Health's management team and ensure that shareholders' interests are well served. Opko Health'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, Opko Health's outside directors are responsible for providing unbiased perspectives on the board's policies.
Adam Logal | CFO, Chief Accounting Officer, Sr. VP and Treasurer | Profile |