Catheter Precision Correlations

VTAK Stock

0.42 0.05 13.51%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catheter Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catheter Precision moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Catheter Precision Correlation With Market

Significant diversification

The correlation between Catheter Precision and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catheter Precision 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 Catheter Precision. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Catheter Stock please use our How to buy in Catheter Stock guide.

Moving together with Catheter Stock

0.72	IMRX	Immuneering Corp	Pair Corr
0.73	RAIN	Rain Enhancement Tec	Pair Corr
0.62	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr

Moving against Catheter Stock

0.47	LUCD	Lucid Diagnostics	Pair Corr
0.43	HIMS	Hims Hers Health	Pair Corr
0.37	OCX	OncoCyte Corp	Pair Corr
0.32	PAVM	PAVmed Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	AVRTF	MOS	DOW	HIHO	AXTA
AVRTF		0.0	0.0	0.0	0.0	AVRTF
MOS	0.0		0.22	-0.15	0.51	MOS
DOW	0.0	0.22		0.4	0.34	DOW
HIHO	0.0	-0.15	0.4		-0.34	HIHO
AXTA	0.0	0.51	0.34	-0.34		AXTA
	AVRTF	MOS	DOW	HIHO	AXTA

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

AXTA	+ 0.51	MOS
HIHO	+ 0.4	DOW
AXTA	+ 0.34	DOW
DOW	+ 0.22	MOS
MOS	+ 0.0	AVRTF
DOW	+ 0.0	AVRTF

High negative correlations

AXTA	- 0.34	HIHO
HIHO	- 0.15	MOS
AXTA	- 0.0	AVRTF
HIHO	- 0.0	AVRTF
DOW	- 0.0	AVRTF
MOS	- 0.0	AVRTF

Risk-Adjusted Indicators

There is a big difference between Catheter Stock performing well and Catheter Precision 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 Catheter Precision'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
AVRTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOS	1.87	0.15	0.07	0.11	2.09	(2.09)	3.59	(3.58)	12.77
DOW	1.42	(0.11)	0.00	(0.28)	0.00	0.00	2.71	(2.61)	9.12
HIHO	1.01	0.00	0.03	(0.01)	1.45	(1.20)	2.21	(2.16)	8.10
AXTA	1.40	(0.09)	0.00	(0.14)	0.00	0.00	2.13	(3.07)	12.04

Catheter Precision Corporate Management

Patricia Kennedy	Chief Officer	Profile
Philip Anderson	Chief Officer	Profile
Missiaen Huck	Chief Officer	Profile
Margrit CPA	Controller Secretary	Profile
MarieClaude Jacques	Chief Officer	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