Check Cap Correlations

CHEK Stock

USD 0.82 0.01 1.23%

The current 90-days correlation between Check Cap and Fonar is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Check Cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Check Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check Cap Correlation With Market

Average diversification

The correlation between Check Cap and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Check Cap 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 Check Cap. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Check Stock

0.88	AGL	agilon health	Pair Corr
0.91	AMN	AMN Healthcare Services	Pair Corr
0.86	FORA	Forian Inc	Pair Corr
0.9	EVH	Evolent Health	Pair Corr
0.69	IVP	Inspire Veterinary	Pair Corr
0.68	ADUS	Addus HomeCare	Pair Corr
0.76	BACK	IMAC Holdings	Pair Corr
0.66	CYRX	Cryoport	Pair Corr
0.77	ME	23Andme Holding	Pair Corr
0.88	VALN	Valneva SE ADR	Pair Corr
0.64	VCNX	Vaccinex	Pair Corr

Moving against Check Stock

0.84	DOCS	Doximity	Pair Corr
0.71	VMD	Viemed Healthcare	Pair Corr
0.68	FOXO	FOXO Technologies	Pair Corr
0.63	ITGR	Integer Holdings Corp	Pair Corr
0.33	VEEV	Veeva Systems Class	Pair Corr
0.33	SSY	SunLink Health Systems	Pair Corr
0.85	OMIC	Singular Genomics Systems	Pair Corr
0.67	MMSI	Merit Medical Systems	Pair Corr
0.63	CRVL	CorVel Corp Normal Trading	Pair Corr
0.58	NXGL	Nexgel Inc	Pair Corr
0.91	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.82	EXEL	Exelixis	Pair Corr
0.8	EWTX	Edgewise Therapeutics	Pair Corr
0.59	VRDN	Viridian Therapeutics	Pair Corr
0.56	KZR	Kezar Life Sciences	Pair Corr
0.35	KTTAW	Pasithea Therapeutics	Pair Corr

Related Correlations Analysis

	FONR	BNR	SERA	OLK	LMDX	GTH	PMD	DRIO	BDSX	ACRS
FONR		0.43	0.27	-0.77	0.64	-0.07	-0.4	-0.08	0.69	-0.51	FONR
BNR	0.43		-0.29	-0.39	0.71	0.27	-0.5	-0.54	0.28	0.07	BNR
SERA	0.27	-0.29		-0.28	0.1	-0.04	-0.14	0.32	0.32	-0.43	SERA
OLK	-0.77	-0.39	-0.28		-0.54	0.03	0.68	0.07	-0.9	0.75	OLK
LMDX	0.64	0.71	0.1	-0.54		0.28	-0.52	-0.37	0.49	-0.26	LMDX
GTH	-0.07	0.27	-0.04	0.03	0.28		-0.14	-0.66	-0.12	0.24	GTH
PMD	-0.4	-0.5	-0.14	0.68	-0.52	-0.14		0.12	-0.71	0.52	PMD
DRIO	-0.08	-0.54	0.32	0.07	-0.37	-0.66	0.12		0.11	-0.37	DRIO
BDSX	0.69	0.28	0.32	-0.9	0.49	-0.12	-0.71	0.11		-0.84	BDSX
ACRS	-0.51	0.07	-0.43	0.75	-0.26	0.24	0.52	-0.37	-0.84		ACRS
	FONR	BNR	SERA	OLK	LMDX	GTH	PMD	DRIO	BDSX	ACRS

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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

ACRS	+ 0.75	OLK
LMDX	+ 0.71	BNR
BDSX	+ 0.69	FONR
PMD	+ 0.68	OLK
LMDX	+ 0.64	FONR
ACRS	+ 0.52	PMD

High negative correlations

BDSX	- 0.9	OLK
ACRS	- 0.84	BDSX
OLK	- 0.77	FONR
BDSX	- 0.71	PMD
DRIO	- 0.66	GTH
LMDX	- 0.54	OLK

Risk-Adjusted Indicators

There is a big difference between Check Stock performing well and Check Cap 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 Check Cap'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
FONR	1.51	(0.11)	0.00	(0.06)	0.00	0.00	2.15	(2.97)	9.69
BNR	4.70	(0.14)	(0.01)	0.03	6.88	(5.81)	11.63	(7.18)	34.58
SERA	3.75	(0.41)	0.00	(0.05)	0.00	0.00	9.55	(7.61)	27.67
OLK	0.63	0.18	0.09	(1.85)	0.48	(0.76)	1.58	(1.37)	4.37
LMDX	4.74	(0.75)	0.00	1.26	0.00	0.00	11.54	(10.71)	34.05
GTH	1.87	0.13	(0.02)	(0.02)	2.49	(2.24)	3.45	(4.08)	14.43
PMD	0.49	0.01	(0.10)	0.23	0.54	(0.65)	0.87	(0.87)	3.46
DRIO	3.74	(0.31)	0.00	(0.03)	0.00	0.00	8.99	(5.83)	25.17
BDSX	2.51	(0.49)	0.00	1.96	0.00	0.00	4.97	(5.61)	29.48
ACRS	5.18	2.28	0.48	(33.92)	2.92	(6.25)	15.47	(5.51)	66.90

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