Catheter Precision Correlations

VTAK Stock

1.94 0.11 5.37%

The current 90-days correlation between Catheter Precision and Tivic Health Systems is -0.15 (i.e., 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

Average diversification

The correlation between Catheter Precision and DJI is 0.12 (i.e., Average 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

0.66	BK	Bank of New York	Pair Corr
0.57	GS	Goldman Sachs Group	Pair Corr
0.57	DD	Dupont De Nemours	Pair Corr
0.45	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.4	BRK-A	Berkshire Hathaway	Pair Corr
0.66	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.61	AXP	American Express	Pair Corr
0.51	GE	GE Aerospace	Pair Corr
0.5	IBM	International Business	Pair Corr
0.43	CAT	Caterpillar	Pair Corr
0.39	MMM	3M Company	Pair Corr
0.36	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	TIVC	NIVF	HSCS	BBLG	CERO	ISPC	ELAB	GLMD	UPC	WOK
TIVC		0.89	0.75	0.49	0.85	0.5	0.24	0.74	0.02	0.61	TIVC
NIVF	0.89		0.79	0.55	0.83	0.6	0.02	0.75	0.09	0.59	NIVF
HSCS	0.75	0.79		0.6	0.72	0.41	0.19	0.72	0.22	0.3	HSCS
BBLG	0.49	0.55	0.6		0.31	0.12	0.18	0.63	0.54	-0.14	BBLG
CERO	0.85	0.83	0.72	0.31		0.41	0.09	0.54	-0.27	0.77	CERO
ISPC	0.5	0.6	0.41	0.12	0.41		-0.24	0.59	-0.06	0.44	ISPC
ELAB	0.24	0.02	0.19	0.18	0.09	-0.24		0.19	0.2	-0.07	ELAB
GLMD	0.74	0.75	0.72	0.63	0.54	0.59	0.19		0.34	0.24	GLMD
UPC	0.02	0.09	0.22	0.54	-0.27	-0.06	0.2	0.34		-0.51	UPC
WOK	0.61	0.59	0.3	-0.14	0.77	0.44	-0.07	0.24	-0.51		WOK
	TIVC	NIVF	HSCS	BBLG	CERO	ISPC	ELAB	GLMD	UPC	WOK

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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

NIVF	+ 0.89	TIVC
CERO	+ 0.85	TIVC
CERO	+ 0.83	NIVF
HSCS	+ 0.79	NIVF
WOK	+ 0.77	CERO
HSCS	+ 0.75	TIVC

High negative correlations

WOK	- 0.51	UPC
UPC	- 0.27	CERO
ELAB	- 0.24	ISPC
WOK	- 0.14	BBLG
WOK	- 0.07	ELAB
UPC	- 0.06	ISPC

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
TIVC	2.55	(0.98)	0.00	(0.47)	0.00	0.00	5.25	(7.85)	20.95
NIVF	5.32	(2.06)	0.00	(19.29)	0.00	0.00	6.15	(14.29)	51.56
HSCS	2.79	(0.25)	0.00	(0.08)	0.00	0.00	5.71	(6.01)	20.83
BBLG	3.87	(0.64)	0.00	(0.09)	0.00	0.00	8.17	(8.60)	56.63
CERO	8.69	(3.33)	0.00	(0.87)	0.00	0.00	20.00	(21.43)	115.30
ISPC	8.98	0.34	0.05	0.16	8.87	(16.18)	16.31	(12.61)	191.14
ELAB	5.82	(0.10)	0.02	0.04	6.16	(8.56)	17.19	(11.45)	90.93
GLMD	3.03	(0.65)	0.00	(0.15)	0.00	0.00	6.57	(7.97)	23.51
UPC	5.76	0.43	0.07	0.31	6.02	(7.33)	8.19	(9.56)	106.66
WOK	7.26	(2.17)	0.00	(12.33)	0.00	0.00	9.19	(22.55)	94.96

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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