Avita Medical Correlations
RCEL Stock | USD 10.74 0.16 1.51% |
The current 90-days correlation between Avita Medical and Genel Energy plc is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avita Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avita Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Avita Medical Correlation With Market
Very weak diversification
The correlation between Avita Medical and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avita Medical and DJI in the same portfolio, assuming nothing else is changed.
Avita |
Moving together with Avita Stock
0.72 | DSGN | Design Therapeutics | PairCorr |
0.67 | ERAS | Erasca Inc | PairCorr |
0.64 | GILD | Gilead Sciences | PairCorr |
0.69 | AMGN | Amgen Inc | PairCorr |
0.64 | ELMD | Electromed | PairCorr |
0.61 | BVS | Bioventus | PairCorr |
0.67 | HSIC | Henry Schein | PairCorr |
0.76 | INZY | Inozyme Pharma | PairCorr |
Moving against Avita Stock
0.55 | VTAK | Catheter Precision | PairCorr |
0.33 | XAIR | Beyond Air | PairCorr |
0.31 | EW | Edwards Lifesciences Corp | PairCorr |
0.62 | TPDDF | Talon Energy | PairCorr |
0.6 | IMHC | Imperalis Holding Corp | PairCorr |
0.59 | GSTX | Graphene Solar Techn | PairCorr |
0.53 | CHHE | China Health Industries | PairCorr |
0.36 | EPGG | Empire Global Gaming | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Avita Stock performing well and Avita Medical 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 Avita Medical'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 | ||
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TLK | 1.11 | 0.12 | 0.05 | 0.27 | 1.69 | 2.61 | 11.31 | |||
GEGYF | 0.88 | (0.14) | 0.00 | 1.22 | 0.00 | 0.00 | 43.02 | |||
AVNW | 1.93 | (0.55) | 0.00 | (0.29) | 0.00 | 3.51 | 18.07 | |||
BBDO | 1.90 | 0.16 | 0.04 | 0.95 | 1.81 | 5.07 | 13.64 | |||
WEX | 1.25 | 0.10 | 0.09 | 0.18 | 1.42 | 3.00 | 8.59 | |||
MRK | 1.10 | (0.22) | 0.00 | 2.78 | 0.00 | 2.01 | 13.12 | |||
MRC | 1.72 | (0.11) | (0.03) | 0.03 | 2.37 | 3.28 | 9.98 | |||
EAT | 2.33 | (0.12) | (0.01) | 0.05 | 3.14 | 4.89 | 17.32 | |||
LITE | 2.80 | 0.15 | 0.11 | 0.16 | 3.23 | 6.22 | 22.77 | |||
INFN | 1.27 | 0.40 | 0.34 | 0.86 | 0.60 | 2.90 | 17.82 |
Avita Medical Corporate Management
Rob Hall | Senior Resources | Profile | |
Michael MBA | Chief Officer | Profile | |
Jessica Ekeberg | Investor Executive | Profile | |
David OToole | Chief Officer | Profile | |
Kathy McGee | Chief Officer | Profile | |
Terry Bromley | Senior Sales | Profile |