Fonar Correlations

FONR Stock

USD 18.66 0.01 0.05%

The current 90-days correlation between Fonar and Hyperfine is -0.2 (i.e., Good diversification). The correlation of Fonar 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.

Fonar Correlation With Market

Poor diversification

The correlation between Fonar and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fonar and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Fonar Stock

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

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

Moving together with Fonar Stock

0.83	HYMC	Hycroft Mining Holding Trending	Pair Corr
0.62	F	Ford Motor Earnings Call This Week	Pair Corr
0.77	BIOA	BioAge Labs	Pair Corr
0.84	ONDS	Ondas Holdings	Pair Corr
0.77	SAIC	Science Applications	Pair Corr
0.87	BA	Boeing	Pair Corr
0.8	XOM	Exxon Mobil Corp Earnings Call Tomorrow	Pair Corr
0.85	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company Earnings Call This Week	Pair Corr
0.69	INTC	Intel Upward Rally	Pair Corr

Moving against Fonar Stock

0.6	CUPR	Cuprina Holdings	Pair Corr
0.57	GLABF	Gemina Laboratories	Pair Corr
0.4	ZTLLF	Zonetail	Pair Corr
0.35	IBM	International Business	Pair Corr
0.68	T	ATT Inc Earnings Call This Week	Pair Corr
0.48	MSFT	Microsoft Aggressive Push	Pair Corr

Related Correlations Analysis

	HYPR	VANI	NSPR	RCEL	QIPT	EDAP	ARTV	APYX	LUNG	IFRX
HYPR		0.52	0.01	0.67	0.04	0.1	0.3	-0.16	-0.47	0.2	HYPR
VANI	0.52		0.5	0.35	-0.45	-0.54	0.01	-0.41	-0.23	0.57	VANI
NSPR	0.01	0.5		-0.19	-0.45	-0.63	-0.09	-0.68	-0.08	0.48	NSPR
RCEL	0.67	0.35	-0.19		-0.12	0.02	0.06	0.23	-0.57	0.15	RCEL
QIPT	0.04	-0.45	-0.45	-0.12		0.88	0.65	-0.06	0.47	-0.56	QIPT
EDAP	0.1	-0.54	-0.63	0.02	0.88		0.61	0.13	0.27	-0.66	EDAP
ARTV	0.3	0.01	-0.09	0.06	0.65	0.61		-0.33	0.25	-0.15	ARTV
APYX	-0.16	-0.41	-0.68	0.23	-0.06	0.13	-0.33		-0.1	-0.33	APYX
LUNG	-0.47	-0.23	-0.08	-0.57	0.47	0.27	0.25	-0.1		-0.33	LUNG
IFRX	0.2	0.57	0.48	0.15	-0.56	-0.66	-0.15	-0.33	-0.33		IFRX
	HYPR	VANI	NSPR	RCEL	QIPT	EDAP	ARTV	APYX	LUNG	IFRX

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

EDAP	+ 0.88	QIPT
RCEL	+ 0.67	HYPR
ARTV	+ 0.65	QIPT
ARTV	+ 0.61	EDAP
IFRX	+ 0.57	VANI
VANI	+ 0.52	HYPR

High negative correlations

APYX	- 0.68	NSPR
IFRX	- 0.66	EDAP
EDAP	- 0.63	NSPR
LUNG	- 0.57	RCEL
IFRX	- 0.56	QIPT
EDAP	- 0.54	VANI

Risk-Adjusted Indicators

There is a big difference between Fonar Stock performing well and Fonar 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 Fonar'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
HYPR	3.93	0.19	0.03	1.04	4.11	(5.02)	9.09	(7.22)	18.87
VANI	2.86	(0.08)	0.00	(0.55)	0.00	0.00	6.99	(5.62)	18.10
NSPR	3.34	(0.33)	0.00	0.57	0.00	0.00	6.53	(7.11)	24.29
RCEL	2.54	0.17	0.05	0.45	2.41	(3.31)	6.67	(4.23)	16.25
QIPT	2.02	0.59	0.21	(3.71)	1.59	(2.89)	5.36	(2.87)	34.66
EDAP	4.34	0.97	0.16	1.52	4.98	(6.09)	14.48	(6.54)	38.43
ARTV	6.76	0.41	0.06	0.31	7.79	(7.72)	10.83	(11.11)	118.69
APYX	3.10	0.51	0.16	0.63	2.65	(3.86)	8.27	(4.84)	21.53
LUNG	5.09	0.19	0.05	0.13	5.73	(5.81)	13.23	(8.50)	45.80
IFRX	5.23	(0.39)	0.00	(0.07)	0.00	0.00	10.61	(9.17)	43.11

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