Sera Prognostics Correlations

SERA Stock

USD 3.79 0.14 3.56%

The current 90-days correlation between Sera Prognostics and Fonar is -0.18 (i.e., Good diversification). The correlation of Sera Prognostics 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.

Sera Prognostics Correlation With Market

Modest diversification

The correlation between Sera Prognostics and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sera Prognostics and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sera Prognostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Sera Stock refer to our How to Trade Sera Stock guide.

Moving together with Sera Stock

0.9	EYEN	Eyenovia	Pair Corr
0.63	MOLN	Molecular Partners	Pair Corr
0.88	CLDX	Celldex Therapeutics	Pair Corr
0.92	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.67	CRVS	Corvus Pharmaceuticals	Pair Corr
0.86	MODD	Modular Medical	Pair Corr
0.77	APYX	Apyx Medical	Pair Corr
0.92	SGHT	Sight Sciences	Pair Corr
0.86	SRDX	SurModics	Pair Corr
0.76	CNMD	CONMED	Pair Corr

Moving against Sera Stock

0.92	FNA	Paragon 28	Pair Corr
0.89	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.71	CMRX	Chimerix	Pair Corr
0.52	OPT	Opthea	Pair Corr
0.94	NVRO	Nevro Corp	Pair Corr
0.89	LUCD	Lucid Diagnostics	Pair Corr
0.73	INMD	InMode	Pair Corr
0.73	NYXH	Nyxoah	Pair Corr
0.64	LUNG	Pulmonx Corp	Pair Corr
0.4	MASI	Masimo	Pair Corr
0.38	KIDS	Orthopediatrics Corp	Pair Corr
0.86	FWEDF	Fireweed Zinc	Pair Corr
0.83	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.82	BRK-B	Berkshire Hathaway	Pair Corr
0.81	BRK-A	Berkshire Hathaway	Pair Corr
0.64	TMCI	Treace Medical Concepts	Pair Corr
0.62	TRGGF	Tarachi Gold Corp	Pair Corr

Related Correlations Analysis

	FONR	BNR	OLK	LMDX	GTH	XGN	SHC	PMD	DRIO	PSNL
FONR		0.6	0.0	0.0	0.0	0.49	0.79	0.0	0.02	0.5	FONR
BNR	0.6		0.0	0.0	0.0	0.28	0.77	0.0	0.31	0.68	BNR
OLK	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	OLK
LMDX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	LMDX
GTH	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GTH
XGN	0.49	0.28	0.0	0.0	0.0		0.47	0.0	-0.19	0.03	XGN
SHC	0.79	0.77	0.0	0.0	0.0	0.47		0.0	0.14	0.68	SHC
PMD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PMD
DRIO	0.02	0.31	0.0	0.0	0.0	-0.19	0.14	0.0		0.35	DRIO
PSNL	0.5	0.68	0.0	0.0	0.0	0.03	0.68	0.0	0.35		PSNL
	FONR	BNR	OLK	LMDX	GTH	XGN	SHC	PMD	DRIO	PSNL

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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

SHC	+ 0.79	FONR
SHC	+ 0.77	BNR
PSNL	+ 0.68	BNR
PSNL	+ 0.68	SHC
BNR	+ 0.6	FONR
PSNL	+ 0.5	FONR

High negative correlations

DRIO	- 0.19	XGN
PSNL	- 0.0	PMD
DRIO	- 0.0	PMD
PMD	- 0.0	SHC
PMD	- 0.0	XGN
PSNL	- 0.0	GTH

Risk-Adjusted Indicators

There is a big difference between Sera Stock performing well and Sera Prognostics 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 Sera Prognostics' 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
FONR	1.34	(0.16)	0.00	(1.19)	0.00	0.00	2.50	(2.86)	10.83
BNR	3.88	(0.11)	0.00	(0.25)	0.00	0.00	8.52	(10.25)	26.46
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LMDX	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
XGN	4.91	(0.18)	0.00	(0.14)	0.00	0.00	15.86	(11.56)	42.16
SHC	1.44	(0.08)	0.00	(0.15)	0.00	0.00	2.40	(2.88)	12.51
PMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DRIO	6.22	0.56	0.06	(2.41)	8.89	(7.66)	11.29	(12.50)	121.18
PSNL	5.62	0.57	0.06	0.08	5.57	(6.94)	9.82	(7.64)	61.04

Sera Prognostics Corporate Management

Benjamin JD	General Counsel	Profile
Steven Graves	CoFounder Board	Profile
Sean MD	CoFounder Board	Profile
John Boniface	Chief Officer	Profile
Paul Kearney	Chief Officer	Profile

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