PAVmed Correlations

PAVM Stock

USD 0.75 0.02 2.60%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PAVmed moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PAVmed Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PAVmed Correlation With Market

Modest diversification

The correlation between PAVmed Inc and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PAVmed Inc 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 PAVmed Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against PAVmed Stock

0.37	VVOS	Vivos Therapeutics Earnings Call This Week	Pair Corr
0.36	EMBC	Embecta Corp	Pair Corr
0.35	VNRX	Volitionrx Earnings Call This Week	Pair Corr
0.33	VTAK	Catheter Precision Earnings Call This Week	Pair Corr
0.54	CNC	Centene Corp	Pair Corr
0.41	AHG	Akso Health Group	Pair Corr
0.34	BDX	Becton Dickinson Sell-off Trend	Pair Corr
0.34	DHR	Danaher	Pair Corr

Related Correlations Analysis

	NPCE	OSA	HYPR	KIDS	NARI	TELA	MXCT	CLPT	CVRX
NPCE		0.0	0.4	0.3	0.06	0.1	0.41	0.73	0.7	NPCE
OSA	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OSA
HYPR	0.4	0.0		0.1	0.36	0.03	0.19	0.55	0.24	HYPR
KIDS	0.3	0.0	0.1		0.2	-0.41	0.23	0.08	0.54	KIDS
NARI	0.06	0.0	0.36	0.2		-0.69	-0.67	-0.14	-0.34	NARI
TELA	0.1	0.0	0.03	-0.41	-0.69		0.62	0.46	0.25	TELA
MXCT	0.41	0.0	0.19	0.23	-0.67	0.62		0.62	0.82	MXCT
CLPT	0.73	0.0	0.55	0.08	-0.14	0.46	0.62		0.68	CLPT
CVRX	0.7	0.0	0.24	0.54	-0.34	0.25	0.82	0.68		CVRX
	NPCE	OSA	HYPR	KIDS	NARI	TELA	MXCT	CLPT	CVRX

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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

CVRX	+ 0.82	MXCT
CLPT	+ 0.73	NPCE
CVRX	+ 0.7	NPCE
CVRX	+ 0.68	CLPT
MXCT	+ 0.62	TELA
CLPT	+ 0.62	MXCT

High negative correlations

TELA	- 0.69	NARI
MXCT	- 0.67	NARI
TELA	- 0.41	KIDS
CVRX	- 0.34	NARI
CLPT	- 0.14	NARI
CVRX	- 0.0	OSA

Risk-Adjusted Indicators

There is a big difference between PAVmed Stock performing well and PAVmed 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 PAVmed'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
NPCE	3.16	0.19	0.04	0.04	3.87	(3.32)	5.89	(6.82)	17.98
OSA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HYPR	5.11	0.51	0.04	0.11	8.04	(6.30)	11.36	(9.57)	54.74
KIDS	1.90	0.28	0.12	0.18	2.17	(2.04)	3.54	(3.39)	15.28
NARI	2.19	0.79	0.50	3.56	1.00	(2.80)	4.52	(3.20)	30.79
TELA	2.04	(0.23)	0.00	(0.32)	0.00	0.00	4.14	(4.23)	12.76
MXCT	2.63	(0.27)	0.00	(0.37)	0.00	0.00	5.73	(5.05)	19.95
CLPT	3.53	(0.02)	0.00	(0.11)	0.00	0.00	6.25	(6.68)	39.95
CVRX	3.11	0.00	0.00	(0.10)	0.00	0.00	5.58	(6.75)	14.59

PAVmed Corporate Management

Michael Gordon	General VP	Profile
Deepika Lakhani	Chief VP	Profile
Lishan MD	Chairman CEO	Profile
Michael Parks	Vice Relations	Profile
Adrian Miller	VP Relations	Profile
Brian MD	Chief Affairs	Profile

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