Tivic Health Correlations
| TIVC Stock | USD 4.20 0.12 2.94% |
The correlation of Tivic Health 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.
Tivic Health Correlation With Market
Average diversification
The correlation between Tivic Health Systems and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tivic Health Systems and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Tivic Stock
| 0.64 | BVS | Bioventus | PairCorr |
| 0.62 | MYO | Myomo Inc | PairCorr |
| 0.71 | NXL | Nexalin Technology | PairCorr |
| 0.63 | ZBH | Zimmer Biomet Holdings | PairCorr |
| 0.61 | GMED | Globus Medical | PairCorr |
| 0.69 | IART | Integra LifeSciences Earnings Call Next Week | PairCorr |
Moving against Tivic Stock
| 0.6 | SNN | Smith Nephew SNATS | PairCorr |
| 0.54 | OM | Outset Medical | PairCorr |
| 0.5 | ESTA | Establishment Labs | PairCorr |
| 0.47 | DXCM | DexCom Inc | PairCorr |
| 0.34 | STE | STERIS plc | PairCorr |
| 0.76 | IRTC | iRhythm Technologies Earnings Call This Week | PairCorr |
| 0.56 | WOK | WORK Medical Technology | PairCorr |
| 0.43 | IRMD | Iradimed Earnings Call This Week | PairCorr |
| 0.41 | XTNT | Xtant Medical Holdings Earnings Call Next Week | PairCorr |
| 0.4 | INBS | Intelligent Bio Solutions | PairCorr |
| 0.35 | SYK | Stryker Earnings Call Next Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Tivic Stock performing well and Tivic Health 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 Tivic Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBLG | 5.05 | (0.35) | 0.00 | (0.36) | 0.00 | 10.10 | 47.51 | |||
| BJDX | 4.11 | (0.11) | 0.00 | 0.14 | 4.94 | 8.38 | 59.58 | |||
| TLIS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NUWE | 8.61 | (0.52) | 0.00 | (0.10) | 0.00 | 11.11 | 137.25 | |||
| HSCS | 4.79 | 0.02 | 0.04 | 0.21 | 6.33 | 8.17 | 58.52 | |||
| MRAI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PETV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CNTX | 3.57 | (0.29) | 0.00 | (0.39) | 0.00 | 9.64 | 27.46 |
Tivic Health Corporate Management
| Jennifer Ernst | CEO CoFounder | Profile | |
| Kimberly Bambach | Interim Officer | Profile | |
| Ryan Sabia | Chief Officer | Profile | |
| Blake Gurfein | Chief Officer | Profile | |
| Lisa Wolf | Interim Officer | Profile | |
| Veronica Cai | CFO Sec | Profile | |
| Sanjay Ahuja | VP Affairs | Profile |