Predictive Oncology Correlations

POAI Stock

USD 1.11 0.01 0.91%

The current 90-days correlation between Predictive Oncology and GlucoTrack is -0.35 (i.e., Very good diversification). The correlation of Predictive Oncology 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.

Predictive Oncology Correlation With Market

Significant diversification

The correlation between Predictive Oncology and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Predictive Oncology 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 Predictive Oncology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Predictive Stock please use our How to Invest in Predictive Oncology guide.

Moving together with Predictive Stock

0.84	RVP	Retractable Technologies Earnings Call This Week	Pair Corr
0.72	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.82	PLX	Protalix Biotherapeutics	Pair Corr

Moving against Predictive Stock

0.45	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.56	ADVM	Adverum Biotechnologies	Pair Corr
0.48	ATNF	180 Life Sciences	Pair Corr
0.42	INBX	Inhibrx Symbol Change	Pair Corr
0.4	ZURA	Zura Bio Limited	Pair Corr
0.39	MLTX	MoonLake Immunotherapeuti	Pair Corr

Related Correlations Analysis

	GCTK	GMVD	STSS	MBOT	NXGL	PDEX	LUCY	ZJYL	BNGO	ISRG
GCTK		0.0	0.84	-0.44	0.86	0.56	0.61	0.35	0.88	-0.22	GCTK
GMVD	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GMVD
STSS	0.84	0.0		-0.2	0.69	0.63	0.78	0.42	0.94	-0.08	STSS
MBOT	-0.44	0.0	-0.2		-0.43	-0.2	0.12	0.08	-0.13	0.41	MBOT
NXGL	0.86	0.0	0.69	-0.43		0.34	0.67	0.31	0.73	0.04	NXGL
PDEX	0.56	0.0	0.63	-0.2	0.34		0.26	0.42	0.56	-0.68	PDEX
LUCY	0.61	0.0	0.78	0.12	0.67	0.26		0.32	0.73	0.39	LUCY
ZJYL	0.35	0.0	0.42	0.08	0.31	0.42	0.32		0.4	-0.13	ZJYL
BNGO	0.88	0.0	0.94	-0.13	0.73	0.56	0.73	0.4		-0.06	BNGO
ISRG	-0.22	0.0	-0.08	0.41	0.04	-0.68	0.39	-0.13	-0.06		ISRG
	GCTK	GMVD	STSS	MBOT	NXGL	PDEX	LUCY	ZJYL	BNGO	ISRG

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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

BNGO	+ 0.94	STSS
BNGO	+ 0.88	GCTK
NXGL	+ 0.86	GCTK
STSS	+ 0.84	GCTK
LUCY	+ 0.78	STSS
BNGO	+ 0.73	NXGL

High negative correlations

ISRG	- 0.68	PDEX
MBOT	- 0.44	GCTK
NXGL	- 0.43	MBOT
ISRG	- 0.22	GCTK
PDEX	- 0.2	MBOT
MBOT	- 0.2	STSS

Risk-Adjusted Indicators

There is a big difference between Predictive Stock performing well and Predictive Oncology 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 Predictive Oncology'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
GCTK	9.21	(3.16)	0.00	(4.65)	0.00	0.00	19.55	(26.83)	77.82
GMVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSS	9.02	(2.12)	0.00	0.79	0.00	0.00	19.35	(18.75)	76.46
MBOT	7.23	1.65	0.19	0.92	7.27	(10.32)	16.23	(9.41)	121.64
NXGL	3.51	(0.61)	0.00	(0.36)	0.00	0.00	5.64	(7.95)	23.35
PDEX	3.75	0.17	0.04	0.16	4.22	(4.25)	8.67	(6.88)	34.56
LUCY	4.07	(0.69)	0.00	(0.70)	0.00	0.00	7.18	(9.27)	28.66
ZJYL	6.49	0.25	0.02	0.09	8.23	(7.54)	14.61	(12.50)	38.64
BNGO	5.63	(1.88)	0.00	12.73	0.00	0.00	7.60	(12.89)	64.93
ISRG	1.51	(0.05)	0.00	(0.11)	0.00	0.00	2.18	(4.04)	14.53

Predictive Oncology Corporate Management

Joshua MBA	Interim Officer	Profile
BS BSc	VP RD	Profile
Pamela MBA	Chief Officer	Profile
Raymond Vennare	CEO Chairman	Profile
DSc OD	VP Operations	Profile
Julia Kirshner	Chief Officer	Profile

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