Cerus Correlations

CERS Stock

USD 2.13 0.40 15.81%

The current 90-days correlation between Cerus and CVRx Inc is -0.13 (i.e., Good diversification). The correlation of Cerus 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.

Cerus Correlation With Market

Poor diversification

The correlation between Cerus and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cerus and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cerus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

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

Moving together with Cerus Stock

0.8	DXCM	DexCom Inc	Pair Corr
0.79	VREX	Varex Imaging Corp	Pair Corr
0.79	ECOR	Electrocore LLC	Pair Corr
0.7	EDAP	EDAP TMS SA	Pair Corr
0.65	SKAN	SKAN Group AG	Pair Corr
0.62	EKSO	Ekso Bionics Holdings	Pair Corr

Moving against Cerus Stock

0.61	DYNT	Dynatronics	Pair Corr
0.5	SI	Shoulder Innovations Earnings Call This Week	Pair Corr
0.49	IL3	Integra LifeSciences	Pair Corr
0.43	IPD	Impedimed	Pair Corr
0.32	EW	Edwards Lifesciences Corp	Pair Corr
0.31	56S1	Sartorius Stedim Biotech	Pair Corr
0.72	ELAB	Elevai Labs Common	Pair Corr
0.52	VVOS	Vivos Therapeutics	Pair Corr
0.5	OTC	Ocumetics Technology Corp	Pair Corr
0.33	GXI	Gerresheimer AG Earnings Call Tomorrow	Pair Corr
0.7	ENOV	Enovis Corp	Pair Corr
0.65	EUDA	EUDA Health Holdings	Pair Corr
0.63	MM3	Merit Medical Systems	Pair Corr
0.62	2DR	Inspire Medical Systems	Pair Corr
0.59	FEMY	Femasys	Pair Corr
0.56	XEJ	Accuray Incorporated	Pair Corr

Related Correlations Analysis

	CVRX	MASS	SENS	NPCE	SGHT	QTRX	TBRG	TKNO	RXST	SNWV
CVRX		-0.01	-0.48	0.28	0.64	0.49	0.59	0.68	0.59	0.71	CVRX
MASS	-0.01		0.62	-0.44	-0.54	-0.24	-0.49	-0.49	-0.33	-0.46	MASS
SENS	-0.48	0.62		-0.42	-0.82	-0.32	-0.67	-0.73	-0.66	-0.79	SENS
NPCE	0.28	-0.44	-0.42		0.6	0.76	0.66	0.68	0.55	0.64	NPCE
SGHT	0.64	-0.54	-0.82	0.6		0.61	0.87	0.93	0.9	0.92	SGHT
QTRX	0.49	-0.24	-0.32	0.76	0.61		0.72	0.78	0.67	0.68	QTRX
TBRG	0.59	-0.49	-0.67	0.66	0.87	0.72		0.9	0.84	0.87	TBRG
TKNO	0.68	-0.49	-0.73	0.68	0.93	0.78	0.9		0.92	0.93	TKNO
RXST	0.59	-0.33	-0.66	0.55	0.9	0.67	0.84	0.92		0.86	RXST
SNWV	0.71	-0.46	-0.79	0.64	0.92	0.68	0.87	0.93	0.86		SNWV
	CVRX	MASS	SENS	NPCE	SGHT	QTRX	TBRG	TKNO	RXST	SNWV

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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

TKNO	+ 0.93	SGHT
SNWV	+ 0.93	TKNO
SNWV	+ 0.92	SGHT
RXST	+ 0.92	TKNO
RXST	+ 0.9	SGHT
TKNO	+ 0.9	TBRG

High negative correlations

SGHT	- 0.82	SENS
SNWV	- 0.79	SENS
TKNO	- 0.73	SENS
TBRG	- 0.67	SENS
RXST	- 0.66	SENS
SGHT	- 0.54	MASS

Risk-Adjusted Indicators

There is a big difference between Cerus Stock performing well and Cerus 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 Cerus' 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
CVRX	4.05	(0.18)	0.00	(0.28)	0.00	0.00	8.87	(9.59)	24.44
MASS	2.85	0.12	0.04	0.13	2.87	(3.54)	6.91	(4.20)	23.77
SENS	3.12	0.20	0.05	0.12	4.69	(3.00)	7.53	(7.21)	18.09
NPCE	2.05	(0.31)	0.00	(0.20)	0.00	0.00	4.00	(4.34)	12.05
SGHT	2.66	(0.66)	0.00	(0.43)	0.00	0.00	3.99	(6.41)	15.05
QTRX	3.11	(0.31)	0.00	(0.08)	0.00	0.00	8.16	(6.96)	34.06
TBRG	2.02	(0.16)	0.00	0.45	0.00	0.00	3.63	(4.78)	11.20
TKNO	3.06	(0.96)	0.00	(3.94)	0.00	0.00	4.75	(7.75)	23.61
RXST	2.76	(0.50)	0.00	(0.29)	0.00	0.00	7.09	(5.56)	24.24
SNWV	1.83	(0.50)	0.00	(3.07)	0.00	0.00	3.79	(3.90)	12.41

Cerus Corporate Management

Carol Moore	Sr. VP of Regulatory Affairs, Quality and Clinical	Profile
Matthew Notarianni	Director Relations	Profile
Richard Benjamin	Chief Medical Officer	Profile
Vivek Jayaraman	Chief Commercial Officer	Profile

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