Neuronetics Correlations

STIM Stock

USD 1.54 0.14 10.00%

The current 90-days correlation between Neuronetics and Nyxoah is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neuronetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neuronetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Neuronetics Correlation With Market

Very weak diversification

The correlation between Neuronetics and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuronetics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Neuronetics Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Neuronetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Neuronetics Stock, please use our How to Invest in Neuronetics guide.

Moving together with Neuronetics Stock

0.89	OTC	Ocumetics Technology Corp	Pair Corr
0.65	TOI	Oncology Institute	Pair Corr
0.78	TLT	Theralase Technologies	Pair Corr
0.77	EYE	Nova EYE Medical	Pair Corr
0.77	MDX	MedX Health Corp	Pair Corr
0.73	NGMD	NuGen Medical Devices	Pair Corr
0.8	SMLR	Semler Scientific	Pair Corr
0.96	TMCI	Treace Medical Concepts	Pair Corr
0.72	CSX	Cleanspace Holdings	Pair Corr
0.93	KG	Kestrel Group, Symbol Change	Pair Corr

Moving against Neuronetics Stock

0.88	SNDA	Sonida Senior Living	Pair Corr
0.78	CBLL	CeriBell,	Pair Corr
0.76	ALGN	Align Technology	Pair Corr
0.68	CUB	Lionheart Holdings	Pair Corr
0.66	PRN	Profound Medical Corp	Pair Corr
0.31	FPH	Fisher Paykel Healthcare	Pair Corr
0.9	DRXGF	Drax Group plc	Pair Corr
0.89	LFST	Lifestance Health	Pair Corr
0.89	GKOS	Glaukos Corp	Pair Corr
0.88	MTC	MMTEC Inc Tech Boost	Pair Corr
0.87	CSCO	Cisco Systems	Pair Corr
0.85	COPL	Copley Acquisition Corp	Pair Corr
0.84	EXPE	Expedia Group	Pair Corr
0.83	CTSH	Cognizant Technology	Pair Corr
0.77	KODK	Eastman Kodak	Pair Corr
0.76	AAPL	Apple Inc	Pair Corr
0.74	MKSI	MKS Instruments	Pair Corr
0.73	LION	Lionsgate Studios Holding	Pair Corr
0.72	NHIC	NewHold Investment Corp	Pair Corr
0.69	JBHT	JB Hunt Transport	Pair Corr
0.65	DNUT	Krispy Kreme	Pair Corr

Related Correlations Analysis

	PRE	NYXH	ATLN	OABI	CATX	OSUR	PROF	CDXS	SGMO	GNFT
PRE		0.28	-0.38	0.51	0.19	0.03	0.39	0.11	0.17	0.39	PRE
NYXH	0.28		0.23	-0.19	0.62	0.39	-0.08	0.59	0.62	-0.3	NYXH
ATLN	-0.38	0.23		-0.58	0.48	0.75	-0.86	0.7	0.55	-0.78	ATLN
OABI	0.51	-0.19	-0.58		-0.09	-0.24	0.66	-0.41	-0.33	0.84	OABI
CATX	0.19	0.62	0.48	-0.09		0.75	-0.37	0.76	0.78	-0.35	CATX
OSUR	0.03	0.39	0.75	-0.24	0.75		-0.65	0.9	0.85	-0.56	OSUR
PROF	0.39	-0.08	-0.86	0.66	-0.37	-0.65		-0.64	-0.51	0.75	PROF
CDXS	0.11	0.59	0.7	-0.41	0.76	0.9	-0.64		0.93	-0.65	CDXS
SGMO	0.17	0.62	0.55	-0.33	0.78	0.85	-0.51	0.93		-0.59	SGMO
GNFT	0.39	-0.3	-0.78	0.84	-0.35	-0.56	0.75	-0.65	-0.59		GNFT
	PRE	NYXH	ATLN	OABI	CATX	OSUR	PROF	CDXS	SGMO	GNFT

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

SGMO	+ 0.93	CDXS
CDXS	+ 0.9	OSUR
SGMO	+ 0.85	OSUR
GNFT	+ 0.84	OABI
SGMO	+ 0.78	CATX
CDXS	+ 0.76	CATX

High negative correlations

PROF	- 0.86	ATLN
GNFT	- 0.78	ATLN
GNFT	- 0.65	CDXS
PROF	- 0.65	OSUR
CDXS	- 0.64	PROF
GNFT	- 0.59	SGMO

Risk-Adjusted Indicators

There is a big difference between Neuronetics Stock performing well and Neuronetics 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 Neuronetics' 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
PRE	4.85	0.84	0.14	0.69	5.83	(5.48)	10.70	(8.43)	32.66
NYXH	3.06	0.04	0.01	0.09	3.44	(3.59)	7.39	(5.84)	27.02
ATLN	5.51	(1.41)	0.00	(0.40)	0.00	0.00	9.00	(14.12)	46.81
OABI	3.09	0.28	0.10	0.17	3.13	(4.07)	7.97	(5.16)	17.05
CATX	4.38	0.01	0.00	0.05	0.00	0.00	8.14	(7.83)	54.86
OSUR	2.21	(0.60)	0.00	(0.18)	0.00	0.00	3.73	(5.45)	13.27
PROF	3.58	0.88	0.28	0.38	2.95	(4.69)	10.05	(4.66)	29.14
CDXS	3.40	(0.65)	0.00	(0.22)	0.00	0.00	5.66	(6.56)	25.89
SGMO	3.78	(0.30)	0.00	(0.08)	0.00	0.00	8.51	(7.14)	28.86
GNFT	3.32	0.63	0.14	0.88	3.77	(3.97)	8.47	(7.71)	20.95

Neuronetics Corporate Management

MBA CMA	Chief Officer	Profile
Lisa MetznerRosas	Senior Officer	Profile
Andrew Macan	Gen VP	Profile
Claire Sears	VP Marketing	Profile
Rick Grubbs	Senior Accounts	Profile
Cory Anderson	Senior Clinical	Profile
Kara Thornton	VP Director	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

2025 Macroaxis LLC