Clearpoint Neuro Correlations

CLPT Stock

USD 11.09 0.13 1.19%

The current 90-days correlation between Clearpoint Neuro and Telesis Bio is -0.06 (i.e., Good diversification). The correlation of Clearpoint Neuro 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.

Clearpoint Neuro Correlation With Market

Weak diversification

The correlation between Clearpoint Neuro 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 Clearpoint Neuro 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 Clearpoint Neuro. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving against Clearpoint Stock

0.46	DOCS	Doximity	Pair Corr
0.4	FOXO	FOXO Technologies	Pair Corr
0.41	CRVL	CorVel Corp Normal Trading	Pair Corr

Related Correlations Analysis

	TBIO	RCEL	SGHT	TMCI	NPCE	INGN	SRDX	LUNG	APYX	OSA
TBIO		-0.38	0.53	-0.21	0.0	0.4	0.55	0.35	-0.05	-0.1	TBIO
RCEL	-0.38		-0.8	0.67	0.45	-0.51	-0.32	-0.17	0.17	0.33	RCEL
SGHT	0.53	-0.8		-0.6	-0.38	0.52	0.48	0.63	-0.32	-0.35	SGHT
TMCI	-0.21	0.67	-0.6		0.77	0.18	0.22	-0.08	0.63	0.38	TMCI
NPCE	0.0	0.45	-0.38	0.77		0.35	0.41	0.0	0.53	0.43	NPCE
INGN	0.4	-0.51	0.52	0.18	0.35		0.77	0.41	0.39	-0.05	INGN
SRDX	0.55	-0.32	0.48	0.22	0.41	0.77		0.44	0.19	0.17	SRDX
LUNG	0.35	-0.17	0.63	-0.08	0.0	0.41	0.44		-0.14	-0.21	LUNG
APYX	-0.05	0.17	-0.32	0.63	0.53	0.39	0.19	-0.14		0.38	APYX
OSA	-0.1	0.33	-0.35	0.38	0.43	-0.05	0.17	-0.21	0.38		OSA
	TBIO	RCEL	SGHT	TMCI	NPCE	INGN	SRDX	LUNG	APYX	OSA

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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

NPCE	+ 0.77	TMCI
SRDX	+ 0.77	INGN
TMCI	+ 0.67	RCEL
LUNG	+ 0.63	SGHT
APYX	+ 0.63	TMCI
SRDX	+ 0.55	TBIO

High negative correlations

SGHT	- 0.8	RCEL
TMCI	- 0.6	SGHT
INGN	- 0.51	RCEL
NPCE	- 0.38	SGHT
RCEL	- 0.38	TBIO
OSA	- 0.35	SGHT

Risk-Adjusted Indicators

There is a big difference between Clearpoint Stock performing well and Clearpoint Neuro 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 Clearpoint Neuro'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
TBIO	10.30	1.47	0.09	(0.85)	12.47	(12.60)	18.58	(19.05)	139.53
RCEL	2.36	0.34	0.15	0.27	2.41	(2.67)	5.77	(3.63)	14.73
SGHT	3.06	(1.05)	0.00	(0.22)	0.00	0.00	6.96	(7.84)	18.22
TMCI	3.16	(0.01)	0.11	0.10	2.76	(4.16)	6.08	(4.39)	38.73
NPCE	3.44	0.17	0.09	0.17	3.21	(4.19)	9.73	(6.19)	35.38
INGN	1.92	(0.54)	0.00	(0.36)	0.00	0.00	2.66	(4.81)	22.50
SRDX	0.48	(0.07)	0.00	(0.13)	0.00	0.00	1.26	(1.01)	3.22
LUNG	3.25	(0.30)	0.00	(0.04)	0.00	0.00	9.00	(6.89)	20.52
APYX	3.29	0.24	0.06	0.38	3.26	(4.51)	9.38	(6.45)	32.02
OSA	104.70	50.88	1.97	3.14	13.81	(252.47)	51.22	(20.31)	168.97

Clearpoint Neuro Corporate Management

Mazin Sabra	Chief Officer	Profile
Danilo DAlessandro	Chief Officer	Profile
Ellisa JD	General Secretary	Profile
Ellisa Cholapranee	General Secretary	Profile
Jeremy Stigall	Executive Delivery	Profile
Jacqueline Keller	Vice Marketing	Profile

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