Catheter Precision Correlations

VTAK Stock

0.23 0.01 5.45%

The current 90-days correlation between Catheter Precision and Delta Air Lines is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catheter Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catheter Precision moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Catheter Precision Correlation With Market

Good diversification

The correlation between Catheter Precision and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catheter Precision and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Catheter Stock

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

For more information on how to buy Catheter Stock please use our How to buy in Catheter Stock guide.

Moving against Catheter Stock

0.39	MBOT	Microbot Medical Buyout Trend	Pair Corr
0.31	AHG	Akso Health Group	Pair Corr
0.35	MRVI	Maravai Lifesciences	Pair Corr

Related Correlations Analysis

	DAL	AKTAF	SKYW	PDS	LUV	VLRS
DAL		0.62	0.97	0.63	0.95	0.52	DAL
AKTAF	0.62		0.66	0.86	0.71	0.58	AKTAF
SKYW	0.97	0.66		0.62	0.97	0.55	SKYW
PDS	0.63	0.86	0.62		0.67	0.56	PDS
LUV	0.95	0.71	0.97	0.67		0.54	LUV
VLRS	0.52	0.58	0.55	0.56	0.54		VLRS
	DAL	AKTAF	SKYW	PDS	LUV	VLRS

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Risk-Adjusted Indicators

There is a big difference between Catheter Stock performing well and Catheter Precision 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 Catheter Precision'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
DAL	1.97	0.13	0.14	0.28	1.84	(2.35)	5.79	(4.13)	16.12
AKTAF	1.67	0.43	0.08	(6.70)	1.63	(2.55)	4.20	(2.94)	10.02
SKYW	1.48	0.15	0.16	0.31	1.10	(1.80)	3.14	(2.30)	7.95
PDS	1.90	0.20	0.05	0.56	1.85	(2.16)	4.29	(3.60)	11.40
LUV	1.52	0.37	0.26	0.48	1.08	(1.73)	3.71	(2.52)	10.65
VLRS	2.93	0.13	0.05	0.30	4.12	(3.18)	5.58	(4.36)	18.46

Catheter Precision Corporate Management

Patricia Kennedy	Chief Officer	Profile
Philip Anderson	Chief Officer	Profile
Missiaen Huck	Chief Officer	Profile
Margrit CPA	Controller Secretary	Profile
MarieClaude Jacques	Chief Officer	Profile

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