Fulgent Genetics Correlations

FLGT Stock

USD 17.33 0.28 1.64%

The current 90-days correlation between Fulgent Genetics and Caredx Inc is -0.22 (i.e., Very good diversification). The correlation of Fulgent Genetics 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.

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

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

Moving together with Fulgent Stock

0.64

VTAK

Catheter Precision

Pair Corr

Moving against Fulgent Stock

0.67	ABT	Abbott Laboratories Earnings Call This Week	Pair Corr
0.53	MD	Mednax Inc	Pair Corr
0.51	DOCS	Doximity	Pair Corr
0.48	GH	Guardant Health	Pair Corr
0.48	LH	Laboratory	Pair Corr
0.39	FEMY	Femasys	Pair Corr
0.32	EHAB	Enhabit	Pair Corr
0.62	BSX	Boston Scientific Corp	Pair Corr
0.59	EHC	Encompass Health Corp	Pair Corr
0.58	CON	Concentra Group Holdings	Pair Corr
0.56	ALC	Alcon AG	Pair Corr
0.54	DGX	Quest Diagnostics	Pair Corr
0.44	CVS	CVS Health Corp	Pair Corr
0.34	BVS	Bioventus	Pair Corr
0.32	CAH	Cardinal Health	Pair Corr

Related Correlations Analysis

	ILMN	TTOO	A	MTD	WAT	DHR	TMO	CRL	CDNA
ILMN		0.89	0.84	0.56	0.67	0.86	0.8	0.54	0.76	ILMN
TTOO	0.89		0.84	0.62	0.62	0.75	0.76	0.47	0.81	TTOO
A	0.84	0.84		0.89	0.91	0.72	0.93	0.43	0.83	A
MTD	0.56	0.62	0.89		0.93	0.53	0.88	0.46	0.68	MTD
WAT	0.67	0.62	0.91	0.93		0.66	0.9	0.46	0.59	WAT
DHR	0.86	0.75	0.72	0.53	0.66		0.72	0.67	0.49	DHR
TMO	0.8	0.76	0.93	0.88	0.9	0.72		0.54	0.73	TMO
CRL	0.54	0.47	0.43	0.46	0.46	0.67	0.54		0.32	CRL
CDNA	0.76	0.81	0.83	0.68	0.59	0.49	0.73	0.32		CDNA
	ILMN	TTOO	A	MTD	WAT	DHR	TMO	CRL	CDNA

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Risk-Adjusted Indicators

There is a big difference between Fulgent Stock performing well and Fulgent Genetics 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 Fulgent Genetics' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ILMN	2.19	(0.76)	(0.81)	3.40	(5.47)	15.07
TTOO	8.95	(0.46)	0.04	17.14	(17.78)	130.00
A	1.41	(0.44)	5.05	2.92	(4.15)	9.62
MTD	1.51	(0.34)	2.19	2.34	(3.96)	11.27
WAT	1.65	(0.27)	1.18	2.95	(4.83)	10.99
DHR	1.38	(0.41)	4.82	2.26	(3.54)	12.14
TMO	1.40	(0.16)	(0.24)	2.44	(3.26)	13.61
CRL	1.97	(0.60)	1.26	3.86	(4.91)	12.43
CDNA	3.27	(0.05)	(0.11)	6.09	(6.77)	19.59

Fulgent Genetics Corporate Management

Doreen Ng	Vice Compliance	Profile
DABMG FACMG	Chief Director	Profile
Paul Kim	Chief Officer	Profile
Natalie Prescott	General Officer	Profile
Lawrence MD	Chief Officer	Profile

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Fulgent Genetics Correlations

Moving together with Fulgent Stock

Moving against Fulgent Stock

Related Correlations Analysis

Risk-Adjusted Indicators

Fulgent Genetics Corporate Management

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