CapsoVision Common Correlations

CV Stock

10.24 0.45 4.21%

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

Significant diversification

The correlation between CapsoVision Common Stock and DJI is 0.03 (i.e., Significant 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.

Build AI portfolio with CapsoVision Stock

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

Moving together with CapsoVision Stock

0.71	NPTH	NeuPath Health	Pair Corr
0.75	CNC	Centene Corp Aggressive Push	Pair Corr
0.67	HSIC	Henry Schein	Pair Corr
0.67	DNTL	dentalcorp Holdings	Pair Corr

Moving against CapsoVision Stock

0.73	300015	Aier Eye Hospital	Pair Corr
0.64	IVP	Inspire Veterinary	Pair Corr
0.62	DVA	DaVita HealthCare	Pair Corr
0.53	ENSG	Ensign Group	Pair Corr
0.5	301293	Sanbo Hospital Management	Pair Corr
0.5	FMS	Fresenius Medical Care	Pair Corr
0.43	DGX	Quest Diagnostics	Pair Corr
0.36	LH	Laboratory	Pair Corr
0.31	UNH	UnitedHealth Group CDR	Pair Corr
0.85	SPI	Spire Healthcare	Pair Corr
0.73	000503	China Reform Health	Pair Corr
0.59	HIMS	Hims Hers Health	Pair Corr
0.58	301267	Huaxia Eye Hospital	Pair Corr
0.49	002173	Innovative Medical	Pair Corr
0.47	WELL	WELL Health Technologies	Pair Corr
0.45	INFU	InfuSystems Holdings	Pair Corr
0.35	OPT	Optima Health plc	Pair Corr

Related Correlations Analysis

	IDDWF	DLAPQ	GIII	BBDA	NIPMY	HNFSA	FLTLF	NOMD
IDDWF		1.0	0.0	1.0	0.0	0.0	0.0	0.0	IDDWF
DLAPQ	1.0		0.0	1.0	0.0	0.0	0.0	0.0	DLAPQ
GIII	0.0	0.0		0.0	0.85	-0.08	-0.38	0.33	GIII
BBDA	1.0	1.0	0.0		0.0	0.0	0.0	0.0	BBDA
NIPMY	0.0	0.0	0.85	0.0		-0.28	-0.45	0.38	NIPMY
HNFSA	0.0	0.0	-0.08	0.0	-0.28		0.1	-0.66	HNFSA
FLTLF	0.0	0.0	-0.38	0.0	-0.45	0.1		-0.1	FLTLF
NOMD	0.0	0.0	0.33	0.0	0.38	-0.66	-0.1		NOMD
	IDDWF	DLAPQ	GIII	BBDA	NIPMY	HNFSA	FLTLF	NOMD

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

DLAPQ	+ 1.0	IDDWF
BBDA	+ 1.0	IDDWF
BBDA	+ 1.0	DLAPQ
NIPMY	+ 0.85	GIII
NOMD	+ 0.38	NIPMY
NOMD	+ 0.33	GIII

High negative correlations

NOMD	- 0.66	HNFSA
FLTLF	- 0.45	NIPMY
FLTLF	- 0.38	GIII
HNFSA	- 0.28	NIPMY
NOMD	- 0.1	FLTLF
HNFSA	- 0.08	GIII

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
IDDWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DLAPQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GIII	1.53	0.10	0.06	0.14	1.66	(1.71)	3.85	(2.66)	9.17
BBDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NIPMY	0.79	0.35	0.00	0.48	0.00	0.00	0.00	0.00	26.47
HNFSA	0.20	0.00	0.00	0.06	0.00	0.00	0.61	(0.59)	3.83
FLTLF	1.00	(0.06)	0.00	(0.39)	0.00	0.00	2.40	(1.59)	12.28
NOMD	1.02	(0.10)	0.00	(1.80)	0.00	0.00	1.75	(2.76)	7.78

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