DermTech Correlations
| DMTKDelisted Stock | USD 0.04 0.02 71.36% |
The current 90-days correlation between DermTech and Clearpoint Neuro is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DermTech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DermTech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
DermTech Correlation With Market
Average diversification
The correlation between DermTech and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DermTech and DJI in the same portfolio, assuming nothing else is changed.
DermTech |
Moving together with DermTech Stock
| 0.86 | HNHPF | Hon Hai Precision | PairCorr |
| 0.67 | DPSTF | Deutsche Post AG | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.66 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against DermTech Stock
| 0.87 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.8 | AXP | American Express | PairCorr |
| 0.75 | AMZN | Amazon Inc Earnings Call This Week | PairCorr |
| 0.73 | V | Visa Class A | PairCorr |
| 0.68 | IBM | International Business Tech Boost | PairCorr |
| 0.65 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.53 | T | ATT Inc Earnings Call Tomorrow | PairCorr |
| 0.42 | CHKP | Check Point Software Earnings Call Tomorrow | PairCorr |
| 0.42 | MSFT | Microsoft | PairCorr |
Related Correlations Analysis
| 0.37 | 0.35 | -0.52 | -0.64 | TMDX | ||
| 0.37 | 0.24 | -0.71 | 0.08 | CURI | ||
| 0.35 | 0.24 | 0.01 | -0.24 | FLGT | ||
| -0.52 | -0.71 | 0.01 | 0.34 | OM | ||
| -0.64 | 0.08 | -0.24 | 0.34 | CLPT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 DermTech Stock performing well and DermTech 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 DermTech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TMDX | 3.93 | (0.75) | 0.00 | 11.10 | 0.00 | 8.06 | 30.75 | |||
| CURI | 3.70 | 0.13 | 0.01 | 0.27 | 5.95 | 11.60 | 35.74 | |||
| FLGT | 2.21 | (0.22) | 0.00 | (0.69) | 0.00 | 4.38 | 17.58 | |||
| OM | 5.59 | 0.73 | 0.13 | 0.44 | 5.31 | 10.53 | 43.06 | |||
| CLPT | 3.43 | 0.53 | 0.13 | 2.14 | 3.37 | 7.38 | 27.24 |
DermTech Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DermTech stock to make a market-neutral strategy. Peer analysis of DermTech could also be used in its relative valuation, which is a method of valuing DermTech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DermTech Corporate Management
| Kevin MBA | Treasurer CFO | Profile | |
| Burkhard MD | Chief Officer | Profile | |
| Todd Wood | Chief Officer | Profile | |
| Daniel Visage | Senior Access | Profile | |
| Steven Stone | Senior Development | Profile | |
| Loren MD | Chief Officer | Profile | |
| JD Esq | General Counsel | Profile |
Still Interested in DermTech?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.