ISpecimen Correlations

ISpecimen Correlation With Market

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

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 BIVI + 0.93 GLMD BIAF + 0.86 TOVX BIAF + 0.86 BJDX ZCMD + 0.82 BJDX ZCMD + 0.8 BIAF BJDX + 0.79 TOVX

High negative correlations ZCMD - 0.52 HSCS HSCS - 0.4 NDRA BJDX - 0.31 HSCS BIVI - 0.28 HSCS SHPH - 0.22 NDRA BIAF - 0.17 HSCS

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.