Daxor Correlations

DXR Stock

USD 12.59 1.11 8.10%

The current 90-days correlation between Daxor and Nephros is 0.13 (i.e., Average diversification). The correlation of Daxor 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.

Daxor Correlation With Market

Very weak diversification

The correlation between Daxor and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daxor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Daxor Stock

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

To learn how to invest in Daxor Stock, please use our How to Invest in Daxor guide.

Moving together with Daxor Stock

0.61

688626

Xiangyu Medical

Pair Corr

Moving against Daxor Stock

0.48	ELAB	Elevai Labs Common	Pair Corr
0.38	300981	Zhonghong Pulin Medical	Pair Corr
0.37	IINN	Inspira Technologies Oxy	Pair Corr
0.35	LUCY	Innovative Eyewear	Pair Corr
0.32	NSPR	InspireMD	Pair Corr

Related Correlations Analysis

	NEPH	CRVO	GEG	GANX	NRXP	ACET	ADAG	LITS	BEAT	XBIT
NEPH		0.29	0.35	0.1	0.19	0.19	0.29	0.26	-0.36	-0.33	NEPH
CRVO	0.29		0.63	0.7	-0.44	-0.33	0.24	-0.02	-0.35	-0.38	CRVO
GEG	0.35	0.63		0.62	-0.09	-0.03	0.07	0.33	-0.5	-0.26	GEG
GANX	0.1	0.7	0.62		-0.47	-0.5	0.21	-0.13	-0.02	-0.02	GANX
NRXP	0.19	-0.44	-0.09	-0.47		0.86	-0.09	0.47	-0.12	-0.03	NRXP
ACET	0.19	-0.33	-0.03	-0.5	0.86		-0.08	0.72	-0.37	-0.06	ACET
ADAG	0.29	0.24	0.07	0.21	-0.09	-0.08		-0.16	-0.31	0.08	ADAG
LITS	0.26	-0.02	0.33	-0.13	0.47	0.72	-0.16		-0.58	-0.13	LITS
BEAT	-0.36	-0.35	-0.5	-0.02	-0.12	-0.37	-0.31	-0.58		0.22	BEAT
XBIT	-0.33	-0.38	-0.26	-0.02	-0.03	-0.06	0.08	-0.13	0.22		XBIT
	NEPH	CRVO	GEG	GANX	NRXP	ACET	ADAG	LITS	BEAT	XBIT

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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

ACET	+ 0.86	NRXP
LITS	+ 0.72	ACET
GANX	+ 0.7	CRVO
GEG	+ 0.63	CRVO
GANX	+ 0.62	GEG
LITS	+ 0.47	NRXP

High negative correlations

BEAT	- 0.58	LITS
ACET	- 0.5	GANX
BEAT	- 0.5	GEG
NRXP	- 0.47	GANX
NRXP	- 0.44	CRVO
XBIT	- 0.38	CRVO

Risk-Adjusted Indicators

There is a big difference between Daxor Stock performing well and Daxor 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 Daxor'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
NEPH	4.62	(0.09)	0.00	(0.09)	0.00	0.00	11.32	(8.61)	36.15
CRVO	2.88	(0.20)	0.00	1.01	0.00	0.00	6.31	(5.54)	17.75
GEG	1.20	(0.15)	0.00	8.86	0.00	0.00	2.80	(2.59)	9.83
GANX	6.27	0.51	0.05	0.54	9.35	(6.85)	11.36	(9.78)	71.49
NRXP	3.88	(0.60)	0.00	(0.57)	0.00	0.00	7.34	(8.02)	21.29
ACET	3.50	(0.92)	0.00	(1.09)	0.00	0.00	6.18	(7.60)	16.66
ADAG	4.84	0.60	0.09	12.23	5.16	(5.60)	12.06	(8.59)	23.40
LITS	4.48	(0.69)	0.00	(0.21)	0.00	0.00	7.73	(9.52)	26.34
BEAT	8.43	1.07	0.11	0.51	10.05	(10.80)	28.33	(11.73)	103.08
XBIT	3.39	0.08	0.04	0.11	3.32	(4.52)	6.67	(5.88)	28.09

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