Atossa Genetics Correlations

ATOS Stock  USD 0.60  0.02  3.23%   
The current 90-days correlation between Atossa Genetics and Oncolytics Biotech is 0.41 (i.e., Very weak diversification). The correlation of Atossa Genetics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Atossa Genetics Correlation With Market

Weak diversification

The correlation between Atossa Genetics and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atossa Genetics and DJI in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atossa Genetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Atossa Stock please use our How to Invest in Atossa Genetics guide.

Moving together with Atossa Stock

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  0.78OM Outset MedicalPairCorr
  0.61688677 Qingdao NovelBeamPairCorr
  0.78IPD ImpedimedPairCorr
  0.78VNRX VolitionrxPairCorr
  0.67VTAK Catheter PrecisionPairCorr
  0.79VVOS Vivos TherapeuticsPairCorr
  0.85OTC Ocumetics Technology CorpPairCorr
  0.9ELAB Elevai Labs CommonPairCorr
  0.79ENOV Enovis CorpPairCorr
  0.82POLX Polarean Imaging PlcPairCorr

Moving against Atossa Stock

  0.72EW Edwards Lifesciences CorpPairCorr
  0.61SPEC Inspecs Group plcPairCorr
  0.52301363 MeHow InnovativePairCorr
  0.43VREX Varex Imaging CorpPairCorr
  0.74EDAP EDAP TMS SAPairCorr
  0.7BLCO Bausch Lomb CorpPairCorr
  0.7ELMD ElectromedPairCorr
  0.66BB1 BlinklabPairCorr
  0.62EKSO Ekso Bionics HoldingsPairCorr
  0.36002382 Blue Sail MedicalPairCorr
  0.79FIGS Figs IncPairCorr
  0.75ESTA Establishment LabsPairCorr
  0.72QIPT Quipt Home MedicalPairCorr
  0.7ALC Alcon AGPairCorr
  0.67601089 Beijing Winsunny PhaPairCorr

Related Correlations Analysis


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

TILTVGN
SRZNIMMX
TVGNONCY
TILONCY
COYATIL
WHWKGLSI
  

High negative correlations

COYAGLSI
SRZNCLNN
CLNNGLSI
CLNNWHWK
IMMXTIL
TILGLSI

Risk-Adjusted Indicators

There is a big difference between Atossa Stock performing well and Atossa Genetics 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 Atossa Genetics' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ONCY  3.24 (0.30) 0.00 (0.16) 0.00 
 6.31 
 20.66 
TVGN  4.66 (1.31) 0.00 (0.45) 0.00 
 9.76 
 26.81 
GLSI  5.51  1.25  0.24  0.87  4.79 
 18.12 
 31.96 
TIL  4.38 (1.38) 0.00 (1.51) 0.00 
 6.59 
 55.58 
IMMX  5.01  0.94  0.21  0.66  4.35 
 15.04 
 28.79 
WHWK  4.50  0.60  0.11  0.83  5.15 
 7.53 
 39.61 
CLNN  5.50 (0.82) 0.00 (0.25) 0.00 
 10.11 
 47.42 
SRZN  3.84  0.47  0.10  0.45  4.12 
 12.23 
 34.29 
CGTX  3.99 (0.43) 0.00 (0.13) 0.00 
 8.89 
 24.96 
COYA  2.98 (0.51) 0.00  1.09  0.00 
 5.28 
 26.90 

Atossa Genetics Corporate Management

RAC MSPHVP of Regulatory Affairs and QualityProfile
Heather CPASenior OfficerProfile
Michael ParksVice RelationsProfile
Mark CPAChief OfficerProfile
Heather ReesVP AccountingProfile
FCAP MDCEO ChairmanProfile
Delly PHRSenior OperationsProfile