DocGo Correlations

DCGO Stock

USD 0.97 0.09 10.23%

The current 90-days correlation between DocGo Inc and Coya Therapeutics, Common is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DocGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DocGo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

DocGo Correlation With Market

Very weak diversification

The correlation between DocGo Inc and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DocGo Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DocGo Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DocGo 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 rate.

Moving together with DocGo Stock

0.87	300061	QITIAN Technology	Pair Corr
0.75	600055	Beijing Wandong Medical	Pair Corr
0.61	OM	Outset Medical	Pair Corr
0.66	VERO	Venus Concept	Pair Corr
0.87	DXCM	DexCom Inc	Pair Corr
0.92	DYNT	Dynatronics	Pair Corr
0.86	VNRX	Volitionrx	Pair Corr
0.61	VTAK	Catheter Precision	Pair Corr
0.9	VVOS	Vivos Therapeutics	Pair Corr
0.71	002382	Blue Sail Medical	Pair Corr
0.94	POLX	Polarean Imaging Plc	Pair Corr
0.68	601089	Beijing Winsunny Pha	Pair Corr

Moving against DocGo Stock

0.83	688656	HOB Biotech Group	Pair Corr
0.82	SPEC	Inspecs Group plc	Pair Corr
0.55	688677	Qingdao NovelBeam	Pair Corr
0.39	EW	Edwards Lifesciences Corp	Pair Corr
0.81	BB1	Blinklab	Pair Corr
0.75	300358	Truking Technology	Pair Corr
0.56	BLCO	Bausch Lomb Corp	Pair Corr
0.54	EKSO	Ekso Bionics Holdings	Pair Corr
0.42	ELMD	Electromed	Pair Corr
0.83	AHC	Austco Healthcare	Pair Corr
0.79	FEMY	Femasys	Pair Corr
0.78	ESTA	Establishment Labs	Pair Corr
0.71	FIGS	Figs Inc	Pair Corr
0.59	EUDA	EUDA Health Holdings	Pair Corr

Related Correlations Analysis

	COYA	QIPT	RCEL	IMMX	MBOT	VANI	OVID	NSPR	MGNX	PRLD
COYA		-0.29	-0.27	0.07	0.16	-0.06	0.21	0.17	0.46	0.06	COYA
QIPT	-0.29		0.44	-0.41	0.29	0.14	0.33	0.52	0.46	-0.06	QIPT
RCEL	-0.27	0.44		-0.71	0.56	-0.36	0.15	0.59	0.15	-0.37	RCEL
IMMX	0.07	-0.41	-0.71		-0.87	0.54	0.09	-0.75	-0.35	0.51	IMMX
MBOT	0.16	0.29	0.56	-0.87		-0.64	-0.18	0.79	0.47	-0.45	MBOT
VANI	-0.06	0.14	-0.36	0.54	-0.64		0.44	-0.31	0.09	0.41	VANI
OVID	0.21	0.33	0.15	0.09	-0.18	0.44		0.13	0.36	0.2	OVID
NSPR	0.17	0.52	0.59	-0.75	0.79	-0.31	0.13		0.63	-0.23	NSPR
MGNX	0.46	0.46	0.15	-0.35	0.47	0.09	0.36	0.63		-0.07	MGNX
PRLD	0.06	-0.06	-0.37	0.51	-0.45	0.41	0.2	-0.23	-0.07		PRLD
	COYA	QIPT	RCEL	IMMX	MBOT	VANI	OVID	NSPR	MGNX	PRLD

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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

NSPR	+ 0.79	MBOT
MGNX	+ 0.63	NSPR
NSPR	+ 0.59	RCEL
MBOT	+ 0.56	RCEL
VANI	+ 0.54	IMMX
NSPR	+ 0.52	QIPT

High negative correlations

MBOT	- 0.87	IMMX
NSPR	- 0.75	IMMX
IMMX	- 0.71	RCEL
VANI	- 0.64	MBOT
PRLD	- 0.45	MBOT
IMMX	- 0.41	QIPT

Risk-Adjusted Indicators

There is a big difference between DocGo Stock performing well and DocGo 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 DocGo'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
COYA	3.25	(0.08)	0.00	(0.10)	0.00	0.00	6.10	(6.11)	28.55
QIPT	2.44	0.17	0.06	0.23	2.70	(3.32)	7.86	(5.78)	29.18
RCEL	3.71	(0.12)	0.00	(0.13)	0.00	0.00	5.45	(7.05)	74.08
IMMX	4.43	1.06	0.26	0.67	3.64	(5.82)	15.04	(7.55)	25.35
MBOT	4.35	(0.82)	0.00	7.03	0.00	0.00	8.15	(8.37)	38.51
VANI	3.93	0.31	0.06	(1.33)	3.84	(5.71)	12.12	(5.84)	30.95
OVID	5.20	0.71	0.13	0.34	4.97	(6.72)	12.20	(7.14)	41.77
NSPR	2.45	(0.30)	0.00	(0.20)	0.00	0.00	4.60	(7.11)	24.29
MGNX	4.42	0.01	0.01	0.05	4.67	(5.14)	10.37	(7.79)	29.36
PRLD	8.66	2.15	0.17	2.82	10.82	(10.47)	13.59	(10.34)	206.09

DocGo Corporate Management

Anthony Capone	President	Profile
Ely Tendler	Secretary Counsel	Profile
Aaron Severs	Chief Officer	Profile
Mike Cole	Vice Relations	Profile
Lee Bienstock	Chief Officer	Profile
Andre CPA	Executive Strategy	Profile

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