Harrow Health, Correlations

HROWM Stock

26.35 0.14 0.53%

The current 90-days correlation between Harrow Health, 11875 and cbdMD Inc is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harrow Health, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harrow Health, 11875 moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Harrow Health, Correlation With Market

Good diversification

The correlation between Harrow Health, 11875 and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harrow Health, 11875 and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harrow Health, 11875. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Harrow Stock

0.86

YCBD-PA

cbdMD Inc

Pair Corr

Moving against Harrow Stock

0.76	OASMY	Oasmia Pharmaceutical	Pair Corr
0.75	WUHN	Wuhan General Gr	Pair Corr
0.68	CLVRW	Clever Leaves Holdings	Pair Corr
0.67	GLGLF	GLG Life Tech	Pair Corr
0.64	EGRX	Eagle Pharmaceuticals	Pair Corr
0.63	DYNT	Dynatronics	Pair Corr
0.52	DWTX	Dogwood Therapeutics, Symbol Change	Pair Corr
0.48	BGXX	Bright Green Corp	Pair Corr
0.37	SXTC	China SXT Pharmaceuticals	Pair Corr
0.77	FBIOP	Fortress Biotech Pref	Pair Corr
0.75	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.72	CYCCP	Cyclacel Pharmaceuticals	Pair Corr
0.7	FNCH	Finch Therapeutics	Pair Corr
0.68	KDLYW	Kindly MD, Warrants	Pair Corr
0.65	ENSCW	Ensysce Biosciences	Pair Corr
0.58	ESMC	Escalon Medical Corp	Pair Corr
0.57	EMMA	Emmaus Life Sciences	Pair Corr
0.52	GENN	Genesis Healthcare	Pair Corr
0.48	STRRP	Star Equity Holdings	Pair Corr
0.47	EVFM	Evofem Biosciences	Pair Corr
0.46	ENZN	Enzon Pharmaceuticals	Pair Corr

Related Correlations Analysis

	YCBD-PA	OGI	TAK	UPC	CYTHW	HROW	IMCC	INDV	INCR
YCBD-PA		-0.56	-0.7	-0.93	0.34	0.61	-0.44	-0.74	-0.76	YCBD-PA
OGI	-0.56		0.71	0.53	-0.19	-0.12	-0.03	0.24	0.8	OGI
TAK	-0.7	0.71		0.61	-0.36	-0.3	0.09	0.35	0.86	TAK
UPC	-0.93	0.53	0.61		-0.18	-0.59	0.48	0.73	0.69	UPC
CYTHW	0.34	-0.19	-0.36	-0.18		0.26	-0.25	-0.25	-0.35	CYTHW
HROW	0.61	-0.12	-0.3	-0.59	0.26		-0.55	-0.63	-0.3	HROW
IMCC	-0.44	-0.03	0.09	0.48	-0.25	-0.55		0.67	0.03	IMCC
INDV	-0.74	0.24	0.35	0.73	-0.25	-0.63	0.67		0.4	INDV
INCR	-0.76	0.8	0.86	0.69	-0.35	-0.3	0.03	0.4		INCR
	YCBD-PA	OGI	TAK	UPC	CYTHW	HROW	IMCC	INDV	INCR

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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

INCR	+ 0.86	TAK
INCR	+ 0.8	OGI
INDV	+ 0.73	UPC
TAK	+ 0.71	OGI
INCR	+ 0.69	UPC
INDV	+ 0.67	IMCC

High negative correlations

UPC	- 0.93	YCBD-PA
INCR	- 0.76	YCBD-PA
INDV	- 0.74	YCBD-PA
TAK	- 0.7	YCBD-PA
INDV	- 0.63	HROW
HROW	- 0.59	UPC

Risk-Adjusted Indicators

There is a big difference between Harrow Stock performing well and Harrow Health, 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 Harrow Health,'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
YCBD-PA	3.81	0.95	0.18	2.53	3.52	(5.84)	15.63	(6.76)	36.89
OGI	2.23	(0.38)	0.00	(1.62)	0.00	0.00	4.05	(4.24)	14.87
TAK	0.70	(0.13)	0.00	(9.95)	0.00	0.00	1.28	(1.91)	4.86
UPC	7.70	(3.62)	0.00	8.90	0.00	0.00	12.27	(16.26)	74.66
CYTHW	10.85	1.75	0.05	(0.72)	12.94	(31.41)	46.07	(33.33)	126.19
HROW	3.07	0.03	0.02	0.10	4.80	(3.02)	5.33	(6.72)	25.69
IMCC	3.47	0.08	(0.01)	(0.05)	4.27	(3.86)	6.73	(7.77)	29.32
INDV	2.86	(0.22)	0.00	(0.18)	0.00	0.00	5.32	(6.52)	21.61
INCR	2.99	(0.49)	0.00	(2.65)	0.00	0.00	6.25	(6.88)	27.24

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