Microbot Medical Correlations

MBOT Stock

USD 2.18 0.07 3.32%

The current 90-days correlation between Microbot Medical and Vivani Medical is 0.24 (i.e., Modest diversification). The correlation of Microbot Medical 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.

Microbot Medical Correlation With Market

Very weak diversification

The correlation between Microbot Medical and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microbot Medical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microbot Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microbot Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Microbot Stock please use our How to Invest in Microbot Medical guide.

Moving together with Microbot Stock

0.62	OM	Outset Medical	Pair Corr
0.62	GOOD	Gladstone Commercial	Pair Corr

Moving against Microbot Stock

0.73	MRLWF	Marlowe Plc	Pair Corr
0.69	KO	Coca Cola	Pair Corr
0.68	AXP	American Express	Pair Corr
0.65	MMSI	Merit Medical Systems	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.6	XOM	Exxon Mobil Corp	Pair Corr
0.59	DHR	Danaher	Pair Corr
0.59	BAC	Bank of America Earnings Call This Week	Pair Corr
0.49	FTV	Fortive Corp	Pair Corr
0.4	JNJ	Johnson Johnson	Pair Corr
0.38	AMPH	Amphastar P	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr
0.34	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	VANI	NSPR	ORMP	CNTX	CRDL	ZTEK	OVID	RCEL	CLNN	DCGO
VANI		0.4	-0.59	-0.14	0.64	0.7	-0.28	0.03	0.39	0.5	VANI
NSPR	0.4		-0.46	0.13	0.52	0.51	0.27	0.72	0.4	0.71	NSPR
ORMP	-0.59	-0.46		0.06	-0.43	-0.73	0.46	-0.51	-0.68	-0.7	ORMP
CNTX	-0.14	0.13	0.06		-0.08	-0.06	0.32	0.18	-0.25	0.09	CNTX
CRDL	0.64	0.52	-0.43	-0.08		0.61	-0.09	0.22	0.4	0.46	CRDL
ZTEK	0.7	0.51	-0.73	-0.06	0.61		-0.23	0.33	0.69	0.64	ZTEK
OVID	-0.28	0.27	0.46	0.32	-0.09	-0.23		0.21	-0.35	0.07	OVID
RCEL	0.03	0.72	-0.51	0.18	0.22	0.33	0.21		0.42	0.73	RCEL
CLNN	0.39	0.4	-0.68	-0.25	0.4	0.69	-0.35	0.42		0.48	CLNN
DCGO	0.5	0.71	-0.7	0.09	0.46	0.64	0.07	0.73	0.48		DCGO
	VANI	NSPR	ORMP	CNTX	CRDL	ZTEK	OVID	RCEL	CLNN	DCGO

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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

DCGO	+ 0.73	RCEL
RCEL	+ 0.72	NSPR
DCGO	+ 0.71	NSPR
ZTEK	+ 0.7	VANI
CLNN	+ 0.69	ZTEK
CRDL	+ 0.64	VANI

High negative correlations

ZTEK	- 0.73	ORMP
DCGO	- 0.7	ORMP
CLNN	- 0.68	ORMP
ORMP	- 0.59	VANI
RCEL	- 0.51	ORMP
ORMP	- 0.46	NSPR

Risk-Adjusted Indicators

There is a big difference between Microbot Stock performing well and Microbot Medical 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 Microbot Medical'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
VANI	3.12	(0.07)	0.00	(0.08)	0.00	0.00	6.99	(5.62)	25.30
NSPR	3.23	(0.43)	0.00	(0.22)	0.00	0.00	6.53	(7.11)	24.29
ORMP	2.30	0.37	0.17	0.28	1.86	(3.09)	6.61	(3.51)	17.55
CNTX	4.25	0.75	0.18	2.69	3.55	(5.60)	10.43	(6.09)	30.31
CRDL	2.59	0.00	0.00	0.08	0.00	0.00	5.15	(4.63)	24.76
ZTEK	3.07	0.00	0.00	0.06	2.83	(5.42)	8.75	(5.13)	20.84
OVID	4.52	(0.03)	0.01	0.05	4.76	(5.86)	10.76	(7.30)	29.07
RCEL	2.43	(0.73)	0.00	(1.53)	0.00	0.00	4.27	(4.55)	27.59
CLNN	5.48	(0.66)	0.00	(0.19)	0.00	0.00	10.11	(12.88)	47.42
DCGO	3.50	(0.57)	0.00	(0.12)	0.00	0.00	10.23	(5.83)	38.93

Microbot Medical Corporate Management

Naama Moav	Vice Resources	Profile
Rachel Vaknin	Chief Officer	Profile
Eyal MD	Chief Board	Profile
Paul Mullen	Vice Sales	Profile

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