Exagen Correlations

XGN Stock

USD 3.75 0.13 3.59%

The current 90-days correlation between Exagen Inc and Fonar is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Exagen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exagen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Exagen Correlation With Market

Significant diversification

The correlation between Exagen Inc and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Exagen Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Exagen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving against Exagen Stock

0.35	DRMA	Dermata Therapeutics	Pair Corr
0.35	DVAX	Dynavax Technologies	Pair Corr
0.33	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.32	VALN	Valneva SE ADR	Pair Corr
0.61	VSTM	Verastem	Pair Corr
0.47	VRNA	Verona Pharma PLC	Pair Corr
0.46	VTGN	VistaGen Therapeutics	Pair Corr

Related Correlations Analysis

	FONR	BNR	SERA	OLK	LMDX	GTH	CSTL	SHC	PMD	DRIO
FONR		0.56	0.31	0.0	0.0	0.0	0.78	0.79	0.0	0.0	FONR
BNR	0.56		0.5	0.0	0.0	0.0	0.76	0.76	0.0	0.32	BNR
SERA	0.31	0.5		0.0	0.0	0.0	0.61	0.38	0.0	0.41	SERA
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
CSTL	0.78	0.76	0.61	0.0	0.0	0.0		0.84	0.0	0.39	CSTL
SHC	0.79	0.76	0.38	0.0	0.0	0.0	0.84		0.0	0.14	SHC
PMD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PMD
DRIO	0.0	0.32	0.41	0.0	0.0	0.0	0.39	0.14	0.0		DRIO
	FONR	BNR	SERA	OLK	LMDX	GTH	CSTL	SHC	PMD	DRIO

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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	+ 0.84	CSTL
SHC	+ 0.79	FONR
CSTL	+ 0.78	FONR
CSTL	+ 0.76	BNR
SHC	+ 0.76	BNR
CSTL	+ 0.61	SERA

High negative correlations

DRIO	- 0.0	PMD
PMD	- 0.0	SHC
PMD	- 0.0	CSTL
DRIO	- 0.0	GTH
PMD	- 0.0	GTH
SHC	- 0.0	GTH

Risk-Adjusted Indicators

There is a big difference between Exagen Stock performing well and Exagen 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 Exagen'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
FONR	1.35	(0.07)	0.00	(0.22)	0.00	0.00	2.50	(2.86)	10.83
BNR	3.85	(0.13)	0.00	(0.34)	0.00	0.00	8.52	(10.25)	26.46
SERA	3.43	(0.83)	0.00	(0.79)	0.00	0.00	6.45	(8.66)	26.54
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
CSTL	2.46	(0.47)	0.00	(2.19)	0.00	0.00	4.51	(6.33)	23.81
SHC	1.40	(0.04)	0.00	(0.14)	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	6.32	0.56	0.07	(1.44)	8.91	(7.80)	11.29	(12.50)	121.18

Exagen Corporate Management

Jeffrey Black	Chief Officer	Profile
Debra Zack	Chief Officer	Profile
John Wegener	Senior Marketing	Profile
Ryan Douglas	Investors Officer	Profile
Mark Hazeltine	Chief Officer	Profile
MingChou Lee	Chief Officer	Profile

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