Polarityte Correlations
| PTEDelisted Stock | USD 0.07 0.01 10.29% |
The correlation of Polarityte 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.
Polarityte Correlation With Market
Good diversification
The correlation between Polarityte and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Polarityte and DJI in the same portfolio, assuming nothing else is changed.
Polarityte |
Moving together with Polarityte Stock
| 0.88 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.9 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.73 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.9 | BKRKY | Bank Rakyat | PairCorr |
| 0.86 | PBCRY | Bank Central Asia | PairCorr |
| 0.72 | PBCRF | PT Bank Central | PairCorr |
| 0.79 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.77 | SHG | Shinhan Financial | PairCorr |
| 0.66 | MEDS | Trxade Group Symbol Change | PairCorr |
Moving against Polarityte Stock
| 0.95 | HUT | Hut 8 Corp | PairCorr |
| 0.93 | PWOD | Penns Woods Bancorp | PairCorr |
| 0.93 | XMTR | Xometry Upward Rally | PairCorr |
| 0.91 | RELY | Remitly Global Tech Boost | PairCorr |
| 0.91 | CNOBP | ConnectOne Bancorp | PairCorr |
| 0.89 | T | ATT Inc Earnings Call This Week | PairCorr |
| 0.89 | FRME | First Merchants Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.87 | ZION | Zions Bancorporation Fiscal Year End 27th of January 2025 | PairCorr |
| 0.86 | ZWS | Zurn Elkay Water | PairCorr |
| 0.85 | OBYCF | Obayashi | PairCorr |
| 0.76 | ESGLW | ESGL Holdings Limited | PairCorr |
| 0.54 | THCPU | Thunder Bridge Capital | PairCorr |
| 0.51 | HPAI | Helport AI Limited Tech Boost | PairCorr |
| 0.36 | VATE | Innovate Corp | PairCorr |
| 0.96 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.95 | FNMFO | Federal National Mortgage | PairCorr |
| 0.94 | MAR | Marriott International | PairCorr |
| 0.93 | TGTX | TG Therapeutics | PairCorr |
| 0.92 | ROIC | Retail Opportunity | PairCorr |
| 0.91 | GLPPRB | Global Partners LP | PairCorr |
| 0.9 | AS | Amer Sports, | PairCorr |
| 0.89 | BSIG | Brightsphere Investment | PairCorr |
| 0.89 | HAFC | Hanmi Financial Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | YELP | Yelp Inc | PairCorr |
Related Correlations Analysis
| -0.06 | -0.3 | 0.47 | 0.39 | HOTH | ||
| -0.06 | 0.09 | 0.0 | -0.22 | GHSI | ||
| -0.3 | 0.09 | -0.91 | -0.87 | ACST | ||
| 0.47 | 0.0 | -0.91 | 0.87 | ALRN | ||
| 0.39 | -0.22 | -0.87 | 0.87 | HSTO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Polarityte Stock performing well and Polarityte 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 Polarityte'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOTH | 3.14 | (0.23) | 0.00 | (0.38) | 0.00 | 6.41 | 19.53 | |||
| GHSI | 5.47 | 0.69 | 0.07 | (0.71) | 8.11 | 18.66 | 101.05 | |||
| ACST | 3.00 | 0.37 | 0.10 | (0.35) | 2.83 | 9.42 | 25.09 | |||
| ALRN | 4.34 | (0.61) | 0.00 | (1.18) | 0.00 | 8.06 | 41.47 | |||
| HSTO | 4.79 | (0.85) | 0.00 | (1.66) | 0.00 | 6.75 | 131.40 |
Polarityte Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Polarityte stock to make a market-neutral strategy. Peer analysis of Polarityte could also be used in its relative valuation, which is a method of valuing Polarityte by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Polarityte Corporate Management
| Mark JD | Chief Officer | Profile | |
| Ryan MD | Chief Officer | Profile | |
| Jacob Patterson | Chief Officer | Profile | |
| Angela Ziegler | VP PR | Profile | |
| MD DDS | Chief Board | Profile | |
| Nikolai Sopko | Chief RD | Profile | |
| Richard Hague | Pres CEO | Profile |
Still Interested in Polarityte?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.