Precipio Correlations

PRPO Stock

USD 6.96 1.09 13.54%

The current 90-days correlation between Precipio and Applied DNA Sciences is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Precipio Correlation With Market

Good diversification

The correlation between Precipio and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precipio 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 Precipio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.

Moving together with Precipio Stock

0.65	GH	Guardant Health Buyout Trend	Pair Corr
0.76	CVS	CVS Health Corp	Pair Corr
0.76	OPCH	Option Care Health	Pair Corr
0.65	SGRY	Surgery Partners	Pair Corr
0.62	ATRC	AtriCure	Pair Corr

Moving against Precipio Stock

0.76	EMBC	Embecta Corp	Pair Corr
0.58	DHR	Danaher	Pair Corr
0.55	HAE	Haemonetics	Pair Corr
0.55	NHC	National HealthCare	Pair Corr
0.42	ENSG	Ensign Group	Pair Corr
0.72	WST	West Pharmaceutical	Pair Corr
0.64	ADUS	Addus HomeCare	Pair Corr
0.57	INNV	InnovAge Holding Corp	Pair Corr
0.43	PNTG	Pennant Group	Pair Corr

Related Correlations Analysis

	BDSX	SERA	APDN	OLK	CDNA	CSTL	TWST	NTRA	HTGM	GTH
BDSX		0.88	0.53	0.0	-0.13	0.49	0.22	-0.18	0.0	0.0	BDSX
SERA	0.88		0.59	0.0	-0.22	0.34	0.25	-0.24	0.0	0.0	SERA
APDN	0.53	0.59		0.0	-0.12	0.18	0.26	0.03	0.0	0.0	APDN
OLK	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	OLK
CDNA	-0.13	-0.22	-0.12	0.0		0.43	0.33	0.66	0.0	0.0	CDNA
CSTL	0.49	0.34	0.18	0.0	0.43		0.46	0.31	0.0	0.0	CSTL
TWST	0.22	0.25	0.26	0.0	0.33	0.46		0.49	0.0	0.0	TWST
NTRA	-0.18	-0.24	0.03	0.0	0.66	0.31	0.49		0.0	0.0	NTRA
HTGM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HTGM
GTH	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GTH
	BDSX	SERA	APDN	OLK	CDNA	CSTL	TWST	NTRA	HTGM	GTH

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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

SERA	+ 0.88	BDSX
NTRA	+ 0.66	CDNA
APDN	+ 0.59	SERA
APDN	+ 0.53	BDSX
CSTL	+ 0.49	BDSX
NTRA	+ 0.49	TWST

High negative correlations

NTRA	- 0.24	SERA
CDNA	- 0.22	SERA
NTRA	- 0.18	BDSX
CDNA	- 0.13	BDSX
CDNA	- 0.12	APDN
GTH	- 0.0	HTGM

Risk-Adjusted Indicators

There is a big difference between Precipio Stock performing well and Precipio 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 Precipio'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
BDSX	3.13	(0.83)	0.00	(2.43)	0.00	0.00	5.00	(8.87)	29.63
SERA	3.85	(0.67)	0.00	(1.14)	0.00	0.00	8.00	(9.44)	33.33
APDN	6.56	0.33	0.03	(0.09)	7.08	(13.26)	25.00	(13.04)	60.61
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDNA	2.80	0.01	0.00	(0.04)	4.18	(2.52)	5.63	(5.34)	19.59
CSTL	2.06	(0.23)	0.00	(0.35)	0.00	0.00	5.22	(5.76)	23.12
TWST	2.75	0.03	0.01	(0.17)	3.54	(2.87)	6.08	(6.04)	18.27
NTRA	1.85	0.04	0.02	(0.08)	2.33	(2.03)	4.36	(3.26)	13.39
HTGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Precipio Corporate Management

Ahmed Sabet	Chief Officer	Profile
Miri ChikoRadomski	Chief Officer	Profile
Keith Meadors	VP Division	Profile
Matthew Gage	Interim Officer	Profile
Ayman MD	Chief Officer	Profile

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