Precision Optics, Correlations

POCI Stock

4.73 0.20 4.42%

The current 90-days correlation between Precision Optics, and Repro Med Systems is -0.03 (i.e., Good diversification). The correlation of Precision Optics, 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.

Precision Optics, Correlation With Market

Average diversification

The correlation between Precision Optics, and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precision Optics, 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 Precision Optics,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more detail on how to invest in Precision Stock please use our How to Invest in Precision Optics, guide.

Moving together with Precision Stock

0.7	HOLX	Hologic	Pair Corr
0.85	GPCR	Structure Therapeutics	Pair Corr
0.65	ZURA	Zura Bio Limited	Pair Corr
0.72	IMMX	Immix Biopharma	Pair Corr
0.66	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.78	PYXS	Pyxis Oncology	Pair Corr
0.75	SCLX	Scilex Holding	Pair Corr
0.61	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr

Moving against Precision Stock

0.73	LUCD	Lucid Diagnostics	Pair Corr
0.7	GOSS	Gossamer Bio	Pair Corr
0.66	OCX	OncoCyte Corp	Pair Corr
0.5	MNDR	Mobile health Network	Pair Corr
0.5	PAVM	PAVmed Inc Earnings Call Tomorrow	Pair Corr
0.38	TMDX	TransMedics Group	Pair Corr
0.31	HIMS	Hims Hers Health	Pair Corr
0.52	NVCT	Nuvectis Pharma	Pair Corr

Related Correlations Analysis

	KRMD	INFU	UTMD	MLSS	SSMXY	SAUHY	CLPBF	ESLOY	ESLOF	RVP
KRMD		0.83	0.69	0.55	-0.04	0.4	0.61	-0.27	-0.28	0.21	KRMD
INFU	0.83		0.85	0.24	-0.08	0.27	0.63	-0.45	-0.46	0.02	INFU
UTMD	0.69	0.85		0.27	0.15	0.24	0.57	-0.57	-0.57	-0.05	UTMD
MLSS	0.55	0.24	0.27		0.1	0.7	0.27	0.21	0.21	0.74	MLSS
SSMXY	-0.04	-0.08	0.15	0.1		0.19	0.28	-0.18	-0.2	-0.17	SSMXY
SAUHY	0.4	0.27	0.24	0.7	0.19		0.52	0.53	0.52	0.66	SAUHY
CLPBF	0.61	0.63	0.57	0.27	0.28	0.52		-0.09	-0.09	-0.01	CLPBF
ESLOY	-0.27	-0.45	-0.57	0.21	-0.18	0.53	-0.09		1.0	0.54	ESLOY
ESLOF	-0.28	-0.46	-0.57	0.21	-0.2	0.52	-0.09	1.0		0.53	ESLOF
RVP	0.21	0.02	-0.05	0.74	-0.17	0.66	-0.01	0.54	0.53		RVP
	KRMD	INFU	UTMD	MLSS	SSMXY	SAUHY	CLPBF	ESLOY	ESLOF	RVP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ESLOF	+ 1.0	ESLOY
UTMD	+ 0.85	INFU
INFU	+ 0.83	KRMD
RVP	+ 0.74	MLSS
SAUHY	+ 0.7	MLSS
UTMD	+ 0.69	KRMD

High negative correlations

ESLOF	- 0.57	UTMD
ESLOY	- 0.57	UTMD
ESLOF	- 0.46	INFU
ESLOY	- 0.45	INFU
ESLOF	- 0.28	KRMD
ESLOY	- 0.27	KRMD

Risk-Adjusted Indicators

There is a big difference between Precision Stock performing well and Precision Optics, 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 Precision Optics,'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
KRMD	2.81	(0.44)	0.00	(0.31)	0.00	0.00	6.52	(5.70)	27.21
INFU	2.53	(0.47)	0.00	(0.34)	0.00	0.00	4.40	(7.69)	19.13
UTMD	0.65	(0.12)	0.00	(0.35)	0.00	0.00	1.10	(1.72)	4.92
MLSS	4.01	0.53	0.10	0.57	4.79	(4.50)	7.63	(8.11)	37.01
SSMXY	0.97	0.03	0.06	0.02	1.13	(1.05)	2.01	(2.07)	6.54
SAUHY	1.50	(0.01)	0.00	(0.08)	0.00	0.00	3.12	(2.95)	8.34
CLPBF	0.51	(0.08)	0.00	(0.45)	0.00	0.00	0.95	(2.57)	9.57
ESLOY	1.03	0.29	0.27	0.50	1.00	(1.22)	2.32	(1.64)	9.11
ESLOF	1.38	0.31	0.26	1.24	1.11	(1.66)	3.72	(2.01)	10.26
RVP	2.97	0.31	0.08	4.01	4.03	(3.12)	6.25	(7.06)	18.13

Precision Optics, Corporate Management

Daniel Habhegger	CFO Sec	Profile
Donald Major	Consultant	Profile
John Hargraves	Director Operations	Profile
Jeffrey DiRubio	Executive Marketing	Profile
Richard Forkey	Advisor Founder	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC