Predictive Oncology Correlations

POAI Stock

USD 0.96 0.07 7.87%

The current 90-days correlation between Predictive Oncology and Nexgel Inc is 0.11 (i.e., Average diversification). The correlation of Predictive Oncology 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.

Predictive Oncology Correlation With Market

Average diversification

The correlation between Predictive Oncology and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Predictive Oncology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Predictive Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Predictive Oncology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in Predictive Stock please use our How to Invest in Predictive Oncology guide.

Moving together with Predictive Stock

0.62	ITGR	Integer Holdings Corp	Pair Corr
0.7	LIVN	LivaNova PLC Earnings Call This Week	Pair Corr
0.74	OFIX	Orthofix Medical	Pair Corr
0.81	TMCI	Treace Medical Concepts	Pair Corr
0.66	CNMD	CONMED	Pair Corr
0.63	XFOR	X4 Pharmaceuticals	Pair Corr
0.63	GERN	Geron Earnings Call This Week	Pair Corr
0.62	IMMX	Immix Biopharma	Pair Corr
0.68	PDSB	PDS Biotechnology Corp	Pair Corr

Moving against Predictive Stock

0.59	CI	Cigna Corp Sell-off Trend	Pair Corr
0.53	MOH	Molina Healthcare	Pair Corr
0.53	ALHC	Alignment Healthcare LLC Earnings Call This Week	Pair Corr
0.51	ELV	Elevance Health	Pair Corr
0.4	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.4	TGTX	TG Therapeutics Earnings Call This Week	Pair Corr
0.62	HLTOY	Hellenic Telecommunicatio	Pair Corr
0.44	VZ	Verizon Communications	Pair Corr
0.35	HTZ	Hertz Global Holdings Trending	Pair Corr

Related Correlations Analysis

	GCTK	GMVD	STSS	MBOT	NXGL	PDEX	LUCY	ZJYL	BNGO	ISRG
GCTK		0.0	0.86	0.18	0.63	-0.31	0.76	0.34	0.79	0.58	GCTK
GMVD	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GMVD
STSS	0.86	0.0		0.07	0.47	-0.32	0.71	0.34	0.86	0.56	STSS
MBOT	0.18	0.0	0.07		0.21	0.19	0.05	0.53	0.32	0.13	MBOT
NXGL	0.63	0.0	0.47	0.21		-0.67	0.78	0.32	0.6	0.8	NXGL
PDEX	-0.31	0.0	-0.32	0.19	-0.67		-0.74	-0.08	-0.33	-0.85	PDEX
LUCY	0.76	0.0	0.71	0.05	0.78	-0.74		0.29	0.7	0.86	LUCY
ZJYL	0.34	0.0	0.34	0.53	0.32	-0.08	0.29		0.4	0.19	ZJYL
BNGO	0.79	0.0	0.86	0.32	0.6	-0.33	0.7	0.4		0.67	BNGO
ISRG	0.58	0.0	0.56	0.13	0.8	-0.85	0.86	0.19	0.67		ISRG
	GCTK	GMVD	STSS	MBOT	NXGL	PDEX	LUCY	ZJYL	BNGO	ISRG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

STSS	+ 0.86	GCTK
BNGO	+ 0.86	STSS
ISRG	+ 0.86	LUCY
ISRG	+ 0.8	NXGL
BNGO	+ 0.79	GCTK
LUCY	+ 0.78	NXGL

High negative correlations

ISRG	- 0.85	PDEX
LUCY	- 0.74	PDEX
PDEX	- 0.67	NXGL
BNGO	- 0.33	PDEX
PDEX	- 0.32	STSS
PDEX	- 0.31	GCTK

Risk-Adjusted Indicators

There is a big difference between Predictive Stock performing well and Predictive Oncology 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 Predictive Oncology'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
GCTK	7.39	(2.77)	0.00	(1.61)	0.00	0.00	8.89	(16.00)	76.01
GMVD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSS	14.33	(3.36)	0.00	7.16	0.00	0.00	36.61	(29.31)	118.47
MBOT	5.63	0.83	0.13	0.37	5.37	(7.02)	14.09	(9.37)	35.02
NXGL	3.51	(0.15)	0.00	(0.28)	0.00	0.00	7.46	(7.78)	24.69
PDEX	3.69	0.77	0.19	0.79	3.75	(4.08)	8.67	(6.20)	25.97
LUCY	6.83	(0.61)	0.00	(1.06)	0.00	0.00	7.18	(11.67)	154.57
ZJYL	5.44	0.27	0.05	1.06	7.11	(6.66)	14.61	(11.24)	52.20
BNGO	5.69	(1.09)	0.00	(1.75)	0.00	0.00	11.11	(10.62)	52.25
ISRG	1.95	(0.31)	0.00	0.83	0.00	0.00	2.30	(5.18)	20.67

Predictive Oncology Corporate Management

Joshua MBA	Interim Officer	Profile
BS BSc	VP RD	Profile
Pamela MBA	Chief Officer	Profile
Raymond Vennare	CEO Chairman	Profile
DSc OD	VP Operations	Profile
Julia Kirshner	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC