Sight Sciences Correlations

SGHT Stock

USD 6.51 0.06 0.91%

The current 90-days correlation between Sight Sciences and Si Bone is 0.62 (i.e., Poor diversification). The correlation of Sight Sciences 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.

Sight Sciences Correlation With Market

Very weak diversification

The correlation between Sight Sciences and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sight Sciences 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 Sight Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Sight Stock

0.78	ESTA	Establishment Labs	Pair Corr
0.61	FIGS	Figs Inc	Pair Corr
0.73	ERAS	Erasca Inc	Pair Corr
0.71	EBS	Emergent Biosolutions Upward Rally	Pair Corr

Moving against Sight Stock

0.33	CAH	Cardinal Health	Pair Corr
0.31	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	SIBN	RPID	TCMD	LUNG	AORT	ANIK	OFIX	AVNS	FNA	VREX
SIBN		0.14	0.51	0.68	0.63	0.36	0.74	0.64	0.71	-0.08	SIBN
RPID	0.14		0.73	0.13	-0.51	-0.68	0.53	0.71	-0.05	-0.9	RPID
TCMD	0.51	0.73		0.55	-0.04	-0.31	0.72	0.85	0.16	-0.7	TCMD
LUNG	0.68	0.13	0.55		0.37	0.16	0.39	0.46	0.19	-0.07	LUNG
AORT	0.63	-0.51	-0.04	0.37		0.8	0.25	0.05	0.64	0.6	AORT
ANIK	0.36	-0.68	-0.31	0.16	0.8		-0.01	-0.21	0.52	0.76	ANIK
OFIX	0.74	0.53	0.72	0.39	0.25	-0.01		0.83	0.65	-0.49	OFIX
AVNS	0.64	0.71	0.85	0.46	0.05	-0.21	0.83		0.44	-0.64	AVNS
FNA	0.71	-0.05	0.16	0.19	0.64	0.52	0.65	0.44		0.17	FNA
VREX	-0.08	-0.9	-0.7	-0.07	0.6	0.76	-0.49	-0.64	0.17		VREX
	SIBN	RPID	TCMD	LUNG	AORT	ANIK	OFIX	AVNS	FNA	VREX

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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

AVNS	+ 0.85	TCMD
AVNS	+ 0.83	OFIX
ANIK	+ 0.8	AORT
VREX	+ 0.76	ANIK
OFIX	+ 0.74	SIBN
TCMD	+ 0.73	RPID

High negative correlations

VREX	- 0.9	RPID
VREX	- 0.7	TCMD
ANIK	- 0.68	RPID
VREX	- 0.64	AVNS
AORT	- 0.51	RPID
VREX	- 0.49	OFIX

Risk-Adjusted Indicators

There is a big difference between Sight Stock performing well and Sight Sciences 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 Sight Sciences' 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
SIBN	2.46	0.04	0.05	0.13	2.62	(2.80)	6.42	(4.09)	15.37
RPID	2.87	0.32	0.06	7.68	2.94	(3.60)	6.15	(5.80)	21.49
TCMD	2.02	0.24	0.13	0.29	1.92	(2.41)	4.40	(3.07)	17.15
LUNG	2.98	0.37	0.11	0.33	3.37	(3.41)	8.60	(6.08)	25.06
AORT	1.36	0.03	0.02	0.13	1.73	(1.36)	2.82	(3.01)	7.64
ANIK	1.33	(0.15)	0.00	(0.08)	0.00	0.00	3.23	(2.96)	8.70
OFIX	2.32	0.14	0.08	0.20	2.27	(2.70)	4.28	(4.27)	24.29
AVNS	1.33	0.20	0.14	0.28	1.22	(1.53)	2.58	(2.14)	13.65
FNA	3.51	(0.08)	0.01	0.07	5.79	(3.47)	7.56	(8.68)	31.88
VREX	2.68	(0.40)	0.00	(0.16)	0.00	0.00	7.61	(5.44)	19.88

Sight Sciences Corporate Management

MBA BS	VP Operations	Profile
Stacie Rodgers	VP HR	Profile
John Liu	VP Access	Profile
Stephen JD	Secretary	Profile
Reay MD	Chief Officer	Profile
Sam Park	Chief Officer	Profile
John Ordway	VP Operations	Profile

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