Sera Prognostics Correlations

SERA Stock  USD 3.20  0.09  2.89%   
The current 90-days correlation between Sera Prognostics and Fonar is 0.15 (i.e., Average diversification). The correlation of Sera Prognostics 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.

Sera Prognostics Correlation With Market

Average diversification

The correlation between Sera Prognostics 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 Sera Prognostics and DJI in the same portfolio, assuming nothing else is changed.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sera Prognostics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Sera Stock refer to our How to Trade Sera Stock guide.

Moving against Sera Stock

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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   
RPIDFONR
XGNFONR
RPIDXGN
ELEVCSTL
TCRXFONR
TCRXXGN
  
High negative correlations   
RNAZRPID
UNCYFONR
RNAZFONR
UNCYELEV
RPIDCSTL
RNAZXGN

Risk-Adjusted Indicators

There is a big difference between Sera Stock performing well and Sera Prognostics 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 Sera Prognostics' 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.

Sera Prognostics Corporate Management

Benjamin JDGeneral CounselProfile
Steven GravesCoFounder BoardProfile
Lee AndersonChief OfficerProfile
John BonifaceChief OfficerProfile
Paul KearneyChief OfficerProfile
Robert HarrisonChief OfficerProfile
Austin AertsChief OfficerProfile