Femasys Correlations

FEMY Stock

USD 1.29 0.06 4.88%

The current 90-days correlation between Femasys and Precision Optics, is 0.01 (i.e., Significant diversification). The correlation of Femasys 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.

Femasys Correlation With Market

Weak diversification

The correlation between Femasys and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Femasys and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Femasys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with Femasys Stock

0.61	MD	Mednax Inc	Pair Corr
0.66	DOCS	Doximity	Pair Corr
0.64	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.63	BAX	Baxter International	Pair Corr

Moving against Femasys Stock

0.78	EMBC	Embecta Corp	Pair Corr
0.66	WORX	Scworx Corp	Pair Corr
0.63	VVOS	Vivos Therapeutics	Pair Corr
0.61	ELAB	Elevai Labs, Common	Pair Corr
0.61	FIGS	Figs Inc	Pair Corr
0.6	VTAK	Catheter Precision	Pair Corr
0.59	EKSO	Ekso Bionics Holdings	Pair Corr
0.59	ELMD	Electromed	Pair Corr
0.59	ENOV	Enovis Corp	Pair Corr
0.59	ENSG	Ensign Group	Pair Corr
0.49	VNRX	Volitionrx	Pair Corr
0.46	VREX	Varex Imaging Corp	Pair Corr
0.45	VERO	Venus Concept	Pair Corr
0.44	OM	Outset Medical	Pair Corr
0.78	CNC	Centene Corp Buyout Trend	Pair Corr
0.74	AWH	Aspira Womens Health	Pair Corr
0.71	DHR	Danaher	Pair Corr
0.67	AMS	American Shared Hospital	Pair Corr
0.59	FOXO	FOXO Technologies	Pair Corr
0.58	DVA	DaVita HealthCare	Pair Corr
0.56	XAIR	Beyond Air	Pair Corr
0.55	BDX	Becton Dickinson	Pair Corr
0.54	COO	Cooper Companies,	Pair Corr
0.46	FONR	Fonar	Pair Corr

Related Correlations Analysis

	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY
POCI		0.66	0.68	0.75	0.59	-0.18	0.51	0.0	0.38	POCI
KRMD	0.66		0.71	0.65	0.79	-0.54	0.75	0.0	0.68	KRMD
INFU	0.68	0.71		0.89	0.54	-0.44	0.61	0.0	0.49	INFU
UTMD	0.75	0.65	0.89		0.56	-0.3	0.68	0.0	0.5	UTMD
MLSS	0.59	0.79	0.54	0.56		-0.39	0.8	0.0	0.72	MLSS
PDEX	-0.18	-0.54	-0.44	-0.3	-0.39		-0.52	0.0	-0.68	PDEX
CLPBY	0.51	0.75	0.61	0.68	0.8	-0.52		0.0	0.84	CLPBY
OPSSF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OPSSF
SAUHY	0.38	0.68	0.49	0.5	0.72	-0.68	0.84	0.0		SAUHY
	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY

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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

UTMD	+ 0.89	INFU
SAUHY	+ 0.84	CLPBY
CLPBY	+ 0.8	MLSS
MLSS	+ 0.79	KRMD
UTMD	+ 0.75	POCI
CLPBY	+ 0.75	KRMD

High negative correlations

SAUHY	- 0.68	PDEX
PDEX	- 0.54	KRMD
CLPBY	- 0.52	PDEX
PDEX	- 0.44	INFU
PDEX	- 0.39	MLSS
PDEX	- 0.3	UTMD

Risk-Adjusted Indicators

There is a big difference between Femasys Stock performing well and Femasys 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 Femasys' 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
POCI	2.35	(0.26)	0.00	(0.87)	0.00	0.00	4.44	(6.02)	13.51
KRMD	2.76	(0.60)	0.00	(0.53)	0.00	0.00	5.54	(5.70)	27.21
INFU	2.49	(0.60)	0.00	(96.17)	0.00	0.00	4.12	(7.69)	19.13
UTMD	0.60	(0.15)	0.00	2.15	0.00	0.00	1.10	(1.59)	4.92
MLSS	3.99	0.29	0.09	(0.39)	4.88	(4.38)	7.63	(8.11)	37.01
PDEX	3.68	0.13	0.09	(0.17)	3.96	(4.19)	8.67	(6.88)	34.56
CLPBY	1.00	(0.07)	0.00	0.75	0.00	0.00	1.79	(2.11)	7.54
OPSSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAUHY	1.52	(0.03)	0.00	(2.24)	0.00	0.00	3.12	(2.95)	8.34

Femasys Corporate Management

Steven Damon	VP Devel	Profile
James MD	Chief Officer	Profile
Richard Spector	Chief Officer	Profile
Christine Thomas	Senior Affairs	Profile
Dov Elefant	Chief Officer	Profile
Todd MBA	Chief Advisor	Profile

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