Star Equity Correlations

STRR Stock

USD 3.04 0.24 8.57%

The current 90-days correlation between Star Equity Holdings and Biodesix is 0.2 (i.e., Modest diversification). The correlation of Star Equity 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Star Equity Correlation With Market

Good diversification

The correlation between Star Equity Holdings and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Equity Holdings 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 Star Equity Holdings. 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.

Moving together with Star Stock

0.83	HLN	Haleon plc	Pair Corr
0.81	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.9	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.88	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.91	RDY	Dr Reddys Laboratories	Pair Corr
0.9	TAK	Takeda Pharmaceutical	Pair Corr
0.77	ZTS	Zoetis Inc	Pair Corr
0.73	LTRN	Lantern Pharma	Pair Corr
0.67	ABBV	AbbVie Inc	Pair Corr
0.86	AMGN	Amgen Inc	Pair Corr
0.77	ANEB	Anebulo Pharmaceuticals	Pair Corr
0.78	ANRO	Alto Neuroscience,	Pair Corr
0.61	TEVA	Teva Pharma Industries Sell-off Trend	Pair Corr

Moving against Star Stock

0.87	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.84	ESPR	Esperion Therapeutics	Pair Corr
0.83	VTRS	Viatris	Pair Corr
0.71	GILD	Gilead Sciences	Pair Corr
0.6	BFRIW	Biofrontera Warrants	Pair Corr
0.57	WAT	Waters	Pair Corr
0.54	EWTX	Edgewise Therapeutics	Pair Corr
0.5	EBS	Emergent Biosolutions	Pair Corr
0.44	BHC	Bausch Health Companies	Pair Corr
0.79	BSX	Boston Scientific Corp	Pair Corr
0.77	MNMD	Mind Medicine	Pair Corr
0.76	DXCM	DexCom Inc	Pair Corr
0.6	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.58	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.39	EW	Edwards Lifesciences Corp	Pair Corr

Related Correlations Analysis

	VNRX	LMDX	GTH	BDSX	FONR	BNR	SERA	OLK	STIM
VNRX		-0.15	-0.26	-0.12	-0.14	0.34	-0.49	0.15	-0.27	VNRX
LMDX	-0.15		0.28	0.56	0.66	0.54	0.22	-0.54	-0.25	LMDX
GTH	-0.26	0.28		-0.03	0.15	0.21	0.12	0.03	0.2	GTH
BDSX	-0.12	0.56	-0.03		0.6	0.02	0.39	-0.88	-0.26	BDSX
FONR	-0.14	0.66	0.15	0.6		0.34	0.23	-0.62	-0.31	FONR
BNR	0.34	0.54	0.21	0.02	0.34		-0.44	0.0	-0.28	BNR
SERA	-0.49	0.22	0.12	0.39	0.23	-0.44		-0.41	0.28	SERA
OLK	0.15	-0.54	0.03	-0.88	-0.62	0.0	-0.41		0.4	OLK
STIM	-0.27	-0.25	0.2	-0.26	-0.31	-0.28	0.28	0.4		STIM
	VNRX	LMDX	GTH	BDSX	FONR	BNR	SERA	OLK	STIM

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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

FONR	+ 0.66	LMDX
FONR	+ 0.6	BDSX
BDSX	+ 0.56	LMDX
BNR	+ 0.54	LMDX
STIM	+ 0.4	OLK
SERA	+ 0.39	BDSX

High negative correlations

OLK	- 0.88	BDSX
OLK	- 0.62	FONR
OLK	- 0.54	LMDX
SERA	- 0.49	VNRX
SERA	- 0.44	BNR
OLK	- 0.41	SERA

Risk-Adjusted Indicators

There is a big difference between Star Stock performing well and Star Equity 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 Star Equity'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
VNRX	4.18	0.10	0.01	0.32	4.88	(5.28)	9.38	(9.84)	32.29
LMDX	4.74	(0.96)	0.00	(0.64)	0.00	0.00	11.54	(10.71)	34.05
GTH	1.87	0.03	(0.03)	(0.30)	2.49	(2.24)	3.45	(4.08)	14.43
BDSX	2.60	(0.29)	0.00	4.26	0.00	0.00	5.95	(5.61)	29.48
FONR	1.49	(0.15)	0.00	(0.10)	0.00	0.00	2.15	(2.97)	10.60
BNR	5.38	(0.03)	0.01	0.10	7.90	(6.53)	15.95	(7.67)	46.14
SERA	3.84	(0.36)	0.00	(0.01)	0.00	0.00	9.55	(7.61)	27.67
OLK	0.63	0.13	0.07	0.50	0.48	(0.76)	1.58	(1.37)	4.37
STIM	5.11	0.11	0.03	0.16	7.39	(6.65)	8.99	(9.24)	59.07

Star Equity Corporate Management

Jeffrey Eberwein	Executive Board	Profile
Bob Halbert	Director Resource	Profile
Martin Shirley	Pres Solutions	Profile
Matthew Molchan	I Health	Profile
CCP CEBS	Senior Resource	Profile
Hannah Bible	Chief Officer	Profile
Scott Jarchow	I EdgeBuilder	Profile

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