ISpecimen Correlations

ISPC Stock

USD 1.66 0.05 3.11%

The correlation of ISpecimen 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.

ISpecimen Correlation With Market

Good diversification

The correlation between iSpecimen and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iSpecimen 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 iSpecimen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade ISpecimen Stock refer to our How to Trade ISpecimen Stock guide.

Moving together with ISpecimen Stock

0.7	ILMN	Illumina Sell-off Trend	Pair Corr
0.78	INZY	Inozyme Pharma	Pair Corr
0.83	KURA	Kura Oncology	Pair Corr
0.95	ABOS	Acumen Pharmaceuticals	Pair Corr
0.94	ADTX	Aditxt Inc	Pair Corr
0.84	STRO	Sutro Biopharma	Pair Corr
0.92	TCRX	Tscan Therapeutics	Pair Corr
0.84	TERN	Terns Pharmaceuticals	Pair Corr
0.89	CRNX	Crinetics Pharmaceuticals Buyout Trend	Pair Corr
0.73	CTMX	CytomX Therapeutics	Pair Corr
0.7	DAWN	Day One Biopharmaceu	Pair Corr
0.74	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against ISpecimen Stock

0.79	OPT	Opthea	Pair Corr
0.71	LTRN	Lantern Pharma	Pair Corr
0.7	PHGE	Biomx Inc	Pair Corr
0.69	FENC	Fennec Pharmaceuticals	Pair Corr
0.67	GANX	Gain Therapeutics	Pair Corr
0.6	PFE	Pfizer Inc	Pair Corr
0.57	CUE	Cue Biopharma	Pair Corr
0.63	DBVT	DBV Technologies Earnings Call This Week	Pair Corr
0.55	CGTX	Cognition Therapeutics	Pair Corr
0.37	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.88	OBI	Ondine Biomedical	Pair Corr
0.85	SSNLF	Samsung Electronics	Pair Corr
0.74	GPI	Group 1 Automotive	Pair Corr
0.71	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr

Related Correlations Analysis

	GTH	OLK	FONR	CSTL	XGN	OCX	PSNL	IDXG	TRIB	HTGM
GTH		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GTH
OLK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OLK
FONR	0.0	0.0		0.53	0.25	-0.04	-0.39	0.0	0.52	0.0	FONR
CSTL	0.0	0.0	0.53		0.19	0.03	-0.28	0.0	0.5	0.0	CSTL
XGN	0.0	0.0	0.25	0.19		-0.21	-0.28	0.0	-0.03	0.0	XGN
OCX	0.0	0.0	-0.04	0.03	-0.21		-0.4	0.0	0.09	0.0	OCX
PSNL	0.0	0.0	-0.39	-0.28	-0.28	-0.4		0.0	-0.35	0.0	PSNL
IDXG	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	IDXG
TRIB	0.0	0.0	0.52	0.5	-0.03	0.09	-0.35	0.0		0.0	TRIB
HTGM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		HTGM
	GTH	OLK	FONR	CSTL	XGN	OCX	PSNL	IDXG	TRIB	HTGM

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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

CSTL	+ 0.53	FONR
TRIB	+ 0.52	FONR
TRIB	+ 0.5	CSTL
XGN	+ 0.25	FONR
XGN	+ 0.19	CSTL
TRIB	+ 0.09	OCX

High negative correlations

PSNL	- 0.4	OCX
PSNL	- 0.39	FONR
TRIB	- 0.35	PSNL
PSNL	- 0.28	XGN
PSNL	- 0.28	CSTL
OCX	- 0.21	XGN

Risk-Adjusted Indicators

There is a big difference between ISpecimen Stock performing well and ISpecimen 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 ISpecimen'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
GTH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OLK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FONR	1.26	(0.13)	0.00	(0.24)	0.00	0.00	2.50	(2.62)	10.83
CSTL	2.26	(0.38)	0.00	14.85	0.00	0.00	3.79	(5.76)	23.12
XGN	5.13	0.18	0.02	0.05	6.44	(5.97)	15.86	(9.81)	45.67
OCX	2.84	0.15	0.05	0.52	2.88	(3.90)	7.56	(5.09)	23.66
PSNL	5.48	0.67	0.11	0.16	5.18	(6.62)	9.82	(7.54)	60.83
IDXG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TRIB	5.35	(0.35)	0.00	(1.35)	0.00	0.00	11.25	(8.54)	108.49
HTGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

ISpecimen Corporate Management

Emily Hubbard	VP Devel	Profile
Benjamin Bielak	Chief Secretary	Profile
Eric Langlois	Chief Officer	Profile
Dawn Michelle	VP Operations	Profile
Yuying Liang	Chief Officer	Profile
Annette Arnold	Vice Development	Profile

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