Ouster, Common Correlations

OUST Stock  USD 8.30  0.14  1.72%   
The current 90-days correlation between Ouster, Common Stock and KULR Technology Group is 0.47 (i.e., Very weak 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

Modest diversification

The correlation between Ouster, Common Stock and DJI is 0.22 (i.e., Modest 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

  0.8KN Knowles CorPairCorr
  0.65EXTR Extreme NetworksPairCorr
  0.78FEIM Frequency ElectronicsPairCorr
  0.68BHE Benchmark ElectronicsPairCorr
  0.64CTS CTS CorporationPairCorr
  0.63HPE Hewlett Packard Ente Aggressive PushPairCorr
  0.9MOB Mobilicom LimitedPairCorr

Moving against Ouster, Stock

  0.34VIAV Viavi SolutionsPairCorr
  0.57FKWL Franklin Wireless CorpPairCorr
  0.52DLB Dolby LaboratoriesPairCorr
  0.36FFIV F5 NetworksPairCorr
  0.65NOK Nokia Corp ADR Aggressive PushPairCorr
  0.45TEL TE ConnectivityPairCorr

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   
LPTHKULR
HOLOLPTH
NEONKOPN
HOLOKULR
FNDAKT
DAKTLPTH
  
High negative correlations   
VICRLPTH
VICRKULR
HOLOVICR
VICRDAKT
VICRKOPN
FNVICR

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EMAN  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
KULR  8.70  1.37  0.15  0.38  7.44 
 28.08 
 60.30 
LPTH  4.63  0.49  0.08  0.65  5.81 
 12.58 
 39.62 
DAKT  2.04 (0.56) 0.00 (1.26) 0.00 
 4.35 
 19.28 
KOPN  5.48  0.77  0.10  0.20  5.39 
 13.86 
 38.02 
VICR  3.76  0.26  0.04  0.08  5.77 
 7.06 
 40.59 
FN  3.19  0.09  0.02  0.04  5.48 
 5.54 
 27.92 
NEON  3.05  0.32  0.06  0.05  3.66 
 6.75 
 18.98 
HOLO  11.28  0.03  0.07 (0.10) 9.93 
 17.65 
 196.88 
TMPO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Ouster, Common Corporate Management

Charles PacalaCEO CoFounderProfile
Myra PasekGeneral Counsel, Company SecretaryProfile
Chen CFATreasurer, FinProfile
Darien SpencerExecutive Vice President - Global OperationsProfile
Megan ChungGeneral SecretaryProfile
Jorge CalvoIndependent DirectorProfile