Delcath Systems Correlations

DCTH Stock

USD 9.91 0.01 0.10%

The current 90-days correlation between Delcath Systems and Brainsway is 0.21 (i.e., Modest diversification). The correlation of Delcath Systems 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.

Delcath Systems Correlation With Market

Very poor diversification

The correlation between Delcath Systems and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delcath Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Delcath Stock

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

For more detail on how to invest in Delcath Stock please use our How to Invest in Delcath Systems guide.

Moving together with Delcath Stock

0.65	GKOS	Glaukos Corp	Pair Corr
0.68	VPT	VentriPoint Diagnostics	Pair Corr
0.65	PINK	Perimeter Medical Imaging	Pair Corr
0.74	BLCO	Bausch Lomb Corp	Pair Corr
0.82	CYRX	Cryoport	Pair Corr
0.84	ACN	Accenture plc	Pair Corr
0.66	ADHI	Arsenal Digital Holdings	Pair Corr
0.71	ARRJF	Arjo AB	Pair Corr
0.64	KGC	Kinross Gold	Pair Corr
0.81	FNCHF	FINEOSHoldings Plc	Pair Corr

Moving against Delcath Stock

0.69	CMWCF	Cromwell Property	Pair Corr
0.53	ASG	Aurora Spine Corp	Pair Corr
0.43	BKRKF	PT Bank Rakyat	Pair Corr
0.33	CICHF	China Construction Bank	Pair Corr
0.32	PBCRF	PT Bank Central	Pair Corr
0.67	ATMV	ATMV Old Symbol Change	Pair Corr
0.34	ODC	Oil Dri	Pair Corr
0.32	AMBC	AMBC Old Symbol Change	Pair Corr

Related Correlations Analysis

	BWAY	TCMD	NPCE	RXST	CERS	SMLR	MASS	AGL	SENS	NAKA
BWAY		0.55	0.49	-0.2	0.82	0.28	-0.19	0.76	0.55	-0.45	BWAY
TCMD	0.55		0.93	0.46	0.78	-0.5	-0.73	0.11	-0.06	-0.9	TCMD
NPCE	0.49	0.93		0.58	0.76	-0.49	-0.62	0.11	-0.03	-0.89	NPCE
RXST	-0.2	0.46	0.58		0.25	-0.54	-0.38	-0.39	-0.23	-0.55	RXST
CERS	0.82	0.78	0.76	0.25		-0.02	-0.4	0.58	0.39	-0.71	CERS
SMLR	0.28	-0.5	-0.49	-0.54	-0.02		0.69	0.51	0.54	0.41	SMLR
MASS	-0.19	-0.73	-0.62	-0.38	-0.4	0.69		0.25	0.43	0.71	MASS
AGL	0.76	0.11	0.11	-0.39	0.58	0.51	0.25		0.79	0.01	AGL
SENS	0.55	-0.06	-0.03	-0.23	0.39	0.54	0.43	0.79		0.21	SENS
NAKA	-0.45	-0.9	-0.89	-0.55	-0.71	0.41	0.71	0.01	0.21		NAKA
	BWAY	TCMD	NPCE	RXST	CERS	SMLR	MASS	AGL	SENS	NAKA

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.93	TCMD
CERS	+ 0.82	BWAY
SENS	+ 0.79	AGL
CERS	+ 0.78	TCMD
AGL	+ 0.76	BWAY
CERS	+ 0.76	NPCE

High negative correlations

NAKA	- 0.9	TCMD
NAKA	- 0.89	NPCE
MASS	- 0.73	TCMD
NAKA	- 0.71	CERS
MASS	- 0.62	NPCE
NAKA	- 0.55	RXST

Risk-Adjusted Indicators

There is a big difference between Delcath Stock performing well and Delcath Systems 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 Delcath Systems' 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
BWAY	2.77	0.49	0.18	0.31	2.53	(3.09)	7.25	(4.04)	15.24
TCMD	2.67	1.08	0.61	1.81	1.07	(3.81)	7.40	(2.75)	46.16
NPCE	3.02	0.58	0.25	0.29	2.17	(3.83)	6.30	(4.61)	43.20
RXST	3.01	0.04	0.02	0.08	3.72	(3.15)	7.97	(5.79)	23.38
CERS	3.67	0.65	0.17	0.39	3.49	(4.67)	10.19	(5.56)	30.94
SMLR	34.04	15.25	2.86	0.49	4.49	(45.76)	18.45	(9.64)	1,001
MASS	3.06	(0.34)	0.00	1.27	0.00	0.00	6.91	(6.56)	23.15
AGL	4.59	(0.20)	0.00	0.00	0.00	0.00	10.00	(8.33)	30.19
SENS	3.24	(0.09)	0.00	0.02	4.29	(3.04)	6.74	(7.21)	18.36
NAKA	5.41	(0.97)	0.00	(0.35)	0.00	0.00	11.43	(10.20)	33.09

Delcath Systems Corporate Management

Robin Wagge	VP Associates	Profile
David Hoffman	Corporate Counsel	Profile
MD MSc	Chief Officer	Profile
Kevin Muir	VP Operations	Profile
Johnny MD	Senior Affairs	Profile
Sandra Pennell	Senior Officer	Profile
Vojislav MD	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC