Microbot Medical Correlations

MBOT Stock

USD 2.59 0.05 1.97%

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

Good diversification

The correlation between Microbot Medical and DJI is -0.11 (i.e., Good 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

0.69

IL3

Integra LifeSciences Earnings Call Tomorrow

Pair Corr

Moving against Microbot Stock

0.37	EDAP	EDAP TMS SA	Pair Corr
0.36	SKAN	SKAN Group AG	Pair Corr
0.35	VREX	Varex Imaging Corp	Pair Corr
0.33	EKSO	Ekso Bionics Holdings Downward Rally	Pair Corr
0.35	DRW8	Drgerwerk AG	Pair Corr

Related Correlations Analysis

	ONCSQ	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL	SEGI
ONCSQ		0.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	ONCSQ
LBHIX	0.0		0.83	0.78	0.87	0.59	0.0	-0.54	0.72	-0.44	LBHIX
MSTSX	0.0	0.83		0.9	0.98	0.5	0.0	-0.5	0.78	-0.59	MSTSX
VIASP	0.0	0.78	0.9		0.93	0.43	0.0	-0.64	0.85	-0.68	VIASP
RRTLX	0.0	0.87	0.98	0.93		0.49	0.0	-0.56	0.86	-0.62	RRTLX
WQTM	0.0	0.59	0.5	0.43	0.49		0.0	-0.24	0.21	-0.19	WQTM
OSHDF	1.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	OSHDF
SITKF	0.0	-0.54	-0.5	-0.64	-0.56	-0.24	0.0		-0.58	0.44	SITKF
RWAYL	0.0	0.72	0.78	0.85	0.86	0.21	0.0	-0.58		-0.62	RWAYL
SEGI	0.0	-0.44	-0.59	-0.68	-0.62	-0.19	0.0	0.44	-0.62		SEGI
	ONCSQ	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL	SEGI

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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

OSHDF	+ 1.0	ONCSQ
RRTLX	+ 0.98	MSTSX
RRTLX	+ 0.93	VIASP
VIASP	+ 0.9	MSTSX
RRTLX	+ 0.87	LBHIX
RWAYL	+ 0.86	RRTLX

High negative correlations

SEGI	- 0.68	VIASP
SITKF	- 0.64	VIASP
SEGI	- 0.62	RWAYL
SEGI	- 0.62	RRTLX
SEGI	- 0.59	MSTSX
RWAYL	- 0.58	SITKF

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
ONCSQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.13	0.04	(0.41)	0.57	0.00	(0.23)	0.24	(0.12)	2.15
MSTSX	0.64	0.18	0.22	0.33	0.17	(0.77)	1.45	(0.89)	12.34
VIASP	0.30	0.04	(0.12)	1.15	0.25	(0.35)	0.68	(0.69)	2.04
RRTLX	0.26	0.07	0.01	0.29	0.00	(0.34)	0.58	(0.46)	3.30
WQTM	1.69	0.06	(0.02)	(0.42)	2.18	(1.65)	3.48	(3.44)	9.00
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITKF	2.58	0.11	(0.02)	(0.03)	2.99	(3.32)	4.55	(5.88)	16.83
RWAYL	0.12	0.02	(0.44)	0.46	0.00	(0.16)	0.28	(0.20)	0.72
SEGI	10.30	0.63	0.03	0.39	11.27	(29.17)	33.33	(25.00)	58.33

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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