Ouster, Common Correlations

OUST Stock

USD 12.35 0.13 1.06%

The current 90-days correlation between Ouster, Common Stock and KULR Technology Group is 0.27 (i.e., Modest diversification). The correlation of Ouster, Common 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.

Ouster, Common Correlation With Market

Good diversification

The correlation between Ouster, Common Stock and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ouster, Common Stock 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 Ouster, Common Stock. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Ouster, Stock

0.82	KN	Knowles Cor	Pair Corr
0.72	EXTR	Extreme Networks	Pair Corr
0.83	FEIM	Frequency Electronics	Pair Corr
0.72	FLEX	Flex	Pair Corr
0.83	CLS	Celestica	Pair Corr
0.63	HPE	Hewlett Packard Ente	Pair Corr
0.91	JBL	Jabil Circuit	Pair Corr
0.63	KVHI	KVH Industries	Pair Corr
0.79	MTEK	Maris Tech Tech Boost	Pair Corr
0.93	NTGR	NETGEAR	Pair Corr
0.72	OSIS	OSI Systems	Pair Corr
0.67	PLXS	Plexus Corp	Pair Corr
0.81	ADTN	ADTRAN Inc	Pair Corr
0.61	SANM	Sanmina	Pair Corr
0.82	BKTI	BK Technologies	Pair Corr
0.62	TSAT	Telesat Corp	Pair Corr
0.82	CIEN	Ciena Corp	Pair Corr
0.83	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	DAIO	Data IO	Pair Corr

Moving against Ouster, Stock

0.66	MYNA	Mynaric AG ADR	Pair Corr
0.62	BELFA	Bel Fuse A	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.52	HOLO	MicroCloud Hologram Trending	Pair Corr
0.84	SGMA	SigmaTron International	Pair Corr
0.82	REFR	Research Frontiers	Pair Corr
0.68	CLFD	Clearfield	Pair Corr
0.64	ON	ON Semiconductor	Pair Corr
0.55	SATS	EchoStar	Pair Corr
0.51	AVNW	Aviat Networks	Pair Corr
0.5	ENTG	Entegris	Pair Corr
0.49	ASNS	Actelis Networks Buyout Trend	Pair Corr

Related Correlations Analysis

	EMAN	KULR	LPTH	DAKT	KOPN	VICR	FN	NEON	HOLO	TMPO
EMAN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EMAN
KULR	0.0		0.94	0.58	0.87	0.19	-0.65	0.18	-0.26	0.0	KULR
LPTH	0.0	0.94		0.48	0.82	0.11	-0.6	0.18	-0.17	0.0	LPTH
DAKT	0.0	0.58	0.48		0.72	0.48	-0.47	0.05	-0.39	0.0	DAKT
KOPN	0.0	0.87	0.82	0.72		0.44	-0.71	0.03	-0.5	0.0	KOPN
VICR	0.0	0.19	0.11	0.48	0.44		-0.11	-0.51	-0.77	0.0	VICR
FN	0.0	-0.65	-0.6	-0.47	-0.71	-0.11		-0.06	0.23	0.0	FN
NEON	0.0	0.18	0.18	0.05	0.03	-0.51	-0.06		0.5	0.0	NEON
HOLO	0.0	-0.26	-0.17	-0.39	-0.5	-0.77	0.23	0.5		0.0	HOLO
TMPO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TMPO
	EMAN	KULR	LPTH	DAKT	KOPN	VICR	FN	NEON	HOLO	TMPO

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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

LPTH	+ 0.94	KULR
KOPN	+ 0.87	KULR
KOPN	+ 0.82	LPTH
KOPN	+ 0.72	DAKT
DAKT	+ 0.58	KULR
HOLO	+ 0.5	NEON

High negative correlations

HOLO	- 0.77	VICR
FN	- 0.71	KOPN
FN	- 0.65	KULR
FN	- 0.6	LPTH
NEON	- 0.51	VICR
HOLO	- 0.5	KOPN

Risk-Adjusted Indicators

There is a big difference between Ouster, Stock performing well and Ouster, Common 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 Ouster, Common'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
EMAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KULR	10.91	4.77	0.56	3.76	6.22	(16.19)	40.35	(14.25)	93.54
LPTH	3.62	1.54	0.44	(56.51)	2.37	(4.64)	12.58	(4.46)	25.43
DAKT	2.19	0.43	0.16	1.96	2.40	(2.67)	3.83	(3.40)	24.54
KOPN	4.05	1.13	0.28	23.97	3.34	(5.60)	10.14	(6.25)	31.66
VICR	2.71	0.27	0.09	0.18	2.75	(3.15)	8.87	(4.27)	21.20
FN	2.32	(0.07)	0.00	0.25	0.00	0.00	4.15	(4.46)	16.19
NEON	4.37	(0.12)	0.00	(0.14)	0.00	0.00	8.03	(8.24)	27.94
HOLO	11.19	1.38	0.16	(0.23)	8.38	(18.92)	26.83	(14.67)	190.17
TMPO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Ouster, Common Corporate Management

Chen CFA	VP Treasurer	Profile
Charles Pacala	CEO CoFounder	Profile
Myra Pasek	General Counsel, Company Secretary	Profile
Darien Spencer	Executive Vice President - Global Operations	Profile
Megan Chung	General Secretary	Profile
Jorge Calvo	Independent Director	Profile

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