CapsoVision Common Correlations
| CV Stock | 4.68 0.04 0.86% |
The correlation of CapsoVision Common 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.
CapsoVision Common Correlation With Market
Good diversification
The correlation between CapsoVision Common Stock and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CapsoVision Common Stock and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with CapsoVision Stock
Moving against CapsoVision Stock
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| 0.41 | GH | Guardant Health | PairCorr |
| 0.4 | IDX | Integral Diagnostics Earnings Call This Week | PairCorr |
| 0.31 | X34 | ENHABIT INC DL | PairCorr |
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| 0.47 | 636 | Sienna Senior Living | PairCorr |
| 0.4 | ENSG | Ensign Group | PairCorr |
| 0.32 | EHAB | Enhabit | PairCorr |
| 0.75 | 0NR | UNIPHAR PLC EO Earnings Call Tomorrow | PairCorr |
| 0.62 | DGX | Quest Diagnostics | PairCorr |
| 0.59 | CAH | Cardinal Health | PairCorr |
| 0.59 | COR | Cencora | PairCorr |
| 0.56 | CON | Concentra Group Holdings | PairCorr |
| 0.51 | HCA | HCA Holdings | PairCorr |
Related Correlations Analysis
| -0.78 | 0.75 | 0.75 | 0.4 | 0.0 | 0.0 | IGI | ||
| -0.78 | -0.51 | -0.58 | -0.2 | 0.0 | 0.0 | IPM | ||
| 0.75 | -0.51 | 0.62 | 0.24 | 0.0 | 0.0 | NXDT-PA | ||
| 0.75 | -0.58 | 0.62 | 0.51 | 0.0 | 0.0 | BNL | ||
| 0.4 | -0.2 | 0.24 | 0.51 | 0.0 | 0.0 | ORIQ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NSMG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GZITF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CapsoVision Stock performing well and CapsoVision Common 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 CapsoVision Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IGI | 0.21 | 0.03 | (0.17) | 8.56 | 0.13 | 0.49 | 1.47 | |||
| IPM | 1.08 | (0.19) | 0.00 | (0.36) | 0.00 | 2.27 | 8.83 | |||
| NXDT-PA | 0.70 | 0.06 | (0.01) | 1.00 | 0.74 | 1.59 | 6.44 | |||
| BNL | 0.93 | 0.07 | (0.01) | (0.84) | 1.28 | 2.10 | 6.74 | |||
| ORIQ | 0.07 | 0.00 | (0.32) | 0.16 | 0.06 | 0.20 | 0.59 | |||
| NSMG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GZITF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |