Forian Correlations

FORA Stock

USD 2.12 0.01 0.47%

The current 90-days correlation between Forian Inc and Heartbeam is -0.15 (i.e., Good diversification). The correlation of Forian 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.

Forian Correlation With Market

Average diversification

The correlation between Forian Inc and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forian Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Forian Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forian Inc. 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.

Moving together with Forian Stock

0.66	OM	Outset Medical	Pair Corr
0.63	HPQ	HP Inc	Pair Corr

Moving against Forian Stock

0.67	FTV	Fortive Corp	Pair Corr
0.67	CSCO	Cisco Systems	Pair Corr
0.65	DHR	Danaher	Pair Corr
0.65	JNJ	Johnson Johnson	Pair Corr
0.65	BAC	Bank of America	Pair Corr
0.64	MRLWF	Marlowe Plc	Pair Corr
0.62	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.6	AXP	American Express	Pair Corr
0.58	MMSI	Merit Medical Systems	Pair Corr
0.57	KO	Coca Cola	Pair Corr
0.57	CAT	Caterpillar	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.56	TRV	The Travelers Companies	Pair Corr
0.55	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.47	AMPH	Amphastar P	Pair Corr
0.39	MMM	3M Company	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr
0.31	ISRMF	iShares MSCI	Pair Corr

Related Correlations Analysis

	BEAT	ONMD	AMWL	GEG	NSRX	XBIT	TCRX	LUNG	NTRB	ASRT
BEAT		-0.19	0.24	-0.48	0.08	0.14	-0.06	0.57	-0.08	-0.25	BEAT
ONMD	-0.19		0.54	0.01	0.4	0.18	0.73	-0.33	0.7	0.47	ONMD
AMWL	0.24	0.54		-0.44	0.2	0.38	0.85	-0.19	0.83	0.54	AMWL
GEG	-0.48	0.01	-0.44		-0.21	-0.22	-0.34	0.24	-0.4	-0.18	GEG
NSRX	0.08	0.4	0.2	-0.21		-0.1	0.31	-0.2	0.3	-0.15	NSRX
XBIT	0.14	0.18	0.38	-0.22	-0.1		0.38	0.08	0.41	0.66	XBIT
TCRX	-0.06	0.73	0.85	-0.34	0.31	0.38		-0.46	0.93	0.66	TCRX
LUNG	0.57	-0.33	-0.19	0.24	-0.2	0.08	-0.46		-0.5	-0.39	LUNG
NTRB	-0.08	0.7	0.83	-0.4	0.3	0.41	0.93	-0.5		0.75	NTRB
ASRT	-0.25	0.47	0.54	-0.18	-0.15	0.66	0.66	-0.39	0.75		ASRT
	BEAT	ONMD	AMWL	GEG	NSRX	XBIT	TCRX	LUNG	NTRB	ASRT

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

NTRB	+ 0.93	TCRX
TCRX	+ 0.85	AMWL
NTRB	+ 0.83	AMWL
ASRT	+ 0.75	NTRB
TCRX	+ 0.73	ONMD
NTRB	+ 0.7	ONMD

High negative correlations

NTRB	- 0.5	LUNG
GEG	- 0.48	BEAT
LUNG	- 0.46	TCRX
GEG	- 0.44	AMWL
NTRB	- 0.4	GEG
ASRT	- 0.39	LUNG

Risk-Adjusted Indicators

There is a big difference between Forian Stock performing well and Forian 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 Forian'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
BEAT	8.23	1.54	0.15	0.60	9.83	(10.66)	28.33	(11.73)	103.08
ONMD	10.43	1.43	0.18	0.87	7.72	(15.76)	23.25	(16.00)	169.08
AMWL	2.51	(0.40)	0.00	(0.21)	0.00	0.00	4.80	(5.20)	14.15
GEG	1.42	0.04	0.00	0.19	1.85	(1.63)	2.90	(3.16)	9.91
NSRX	3.51	0.33	0.05	(8.29)	4.30	(4.46)	9.13	(6.60)	25.59
XBIT	3.08	(0.19)	0.00	(0.04)	0.00	0.00	6.67	(5.88)	28.09
TCRX	4.72	(0.76)	0.00	(0.22)	0.00	0.00	11.93	(9.68)	50.92
LUNG	5.13	0.55	0.12	0.20	5.60	(5.88)	13.23	(8.50)	45.80
NTRB	3.70	(0.66)	0.00	(0.42)	0.00	0.00	9.04	(7.23)	32.02
ASRT	2.30	(0.62)	0.00	(0.27)	0.00	0.00	3.67	(5.00)	24.64

Forian Corporate Management

David Terrell	BioTrack Officer	Profile
Michael Vesey	Chief Officer	Profile
Michael CPA	Chief Officer	Profile
Paul Reuscher	Chief Officer	Profile
Max Wygod	CoFounder Chairman	Profile
Adam Dublin	Chief CoFounder	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