Electrocore LLC Correlations
| ECOR Stock | USD 7.27 0.12 1.62% |
The current 90-days correlation between Electrocore LLC and Alterity Therapeutics is -0.13 (i.e., Good diversification). The correlation of Electrocore LLC 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.
Electrocore LLC Correlation With Market
Average diversification
The correlation between Electrocore LLC and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Electrocore LLC and DJI in the same portfolio, assuming nothing else is changed.
Electrocore | Build AI portfolio with Electrocore Stock |
Moving together with Electrocore Stock
Moving against Electrocore Stock
| 0.66 | MD | Mednax Inc | PairCorr |
| 0.45 | OM | Outset Medical | PairCorr |
| 0.44 | DXCM | DexCom Inc Earnings Call This Week | PairCorr |
| 0.34 | LH | Laboratory Earnings Call This Week | PairCorr |
| 0.83 | EHAB | Enhabit | PairCorr |
| 0.59 | ENSG | Ensign Group Earnings Call This Week | PairCorr |
| 0.41 | ABT | Abbott Laboratories | PairCorr |
| 0.58 | NAKA | Kindly MD, Symbol Change | PairCorr |
| 0.5 | NEOG | Neogen | PairCorr |
| 0.38 | MMSI | Merit Medical Systems | PairCorr |
| 0.31 | MLSS | Milestone Scientific | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Electrocore Stock performing well and Electrocore LLC 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 Electrocore LLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATHE | 3.64 | 0.85 | 0.15 | (2.75) | 3.84 | 8.46 | 39.77 | |||
| BBLG | 4.91 | (0.43) | 0.00 | (0.55) | 0.00 | 10.10 | 47.51 | |||
| DYNT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MOTS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NVNO | 3.90 | 1.09 | 0.35 | 0.73 | 2.68 | 10.33 | 19.40 | |||
| PRPO | 5.21 | 1.63 | 0.31 | 3.04 | 4.52 | 15.28 | 55.08 | |||
| RNTX | 3.57 | (0.17) | 0.00 | (0.81) | 0.00 | 6.21 | 25.03 | |||
| SONN | 11.05 | 4.66 | 0.77 | (174.97) | 4.09 | 13.79 | 254.85 | |||
| TLIS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TTOO | 8.95 | (0.11) | 0.00 | 0.43 | 0.00 | 17.14 | 130.00 |
Electrocore LLC Corporate Management
| Joshua Lev | Chief Officer | Profile | |
| Jackie Dorsky | VP Marketing | Profile | |
| Manuel Marques | Senior Operations | Profile | |
| Carrie Kochek | Senior Resources | Profile | |
| Donald Melnikoff | Regulatory Engineering | Profile | |
| Michael Mansfield | Vice Marketing | Profile |