Applied DNA Correlations

Applied DNA Correlation With Market

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Applied DNA 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 unemployment.

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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    STIM + 0.85 OLK BNR + 0.78 OLK BNR + 0.71 XGN OCX + 0.56 BDSX PSNL + 0.55 GTH OCX + 0.53 DRIO

High negative correlations    OCX - 0.9 BNR OCX - 0.86 OLK OCX - 0.72 STIM STIM - 0.65 BDSX OCX - 0.61 XGN XGN - 0.54 DRIO

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied DNA 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 Applied DNA'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.