Spectral Correlations

MDAI Stock

1.55 0.04 2.65%

The current 90-days correlation between Spectral AI and Icecure Medical is 0.26 (i.e., Modest diversification). The correlation of Spectral 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.

Spectral Correlation With Market

Weak diversification

The correlation between Spectral AI and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectral AI and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Spectral Stock

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

Moving together with Spectral Stock

0.62	ECOR	Electrocore LLC	Pair Corr
0.63	OC5	Cochlear Limited	Pair Corr

Moving against Spectral Stock

0.48	ABT	Abbott Laboratories	Pair Corr
0.32	EMBC	Embecta Corp	Pair Corr

Related Correlations Analysis

	ICCM	TELA	CTSO	SRTS	EQ	COEP	IPSC	TELO	ECOR	KPTI
ICCM		0.75	0.47	-0.36	-0.8	0.73	-0.54	0.62	-0.17	-0.37	ICCM
TELA	0.75		0.32	-0.67	-0.55	0.76	-0.72	0.77	-0.45	-0.23	TELA
CTSO	0.47	0.32		-0.11	-0.46	0.59	-0.24	0.02	-0.08	-0.33	CTSO
SRTS	-0.36	-0.67	-0.11		0.24	-0.57	0.83	-0.46	0.8	0.1	SRTS
EQ	-0.8	-0.55	-0.46	0.24		-0.59	0.49	-0.39	0.06	0.62	EQ
COEP	0.73	0.76	0.59	-0.57	-0.59		-0.68	0.49	-0.44	-0.37	COEP
IPSC	-0.54	-0.72	-0.24	0.83	0.49	-0.68		-0.39	0.77	0.47	IPSC
TELO	0.62	0.77	0.02	-0.46	-0.39	0.49	-0.39		-0.22	0.03	TELO
ECOR	-0.17	-0.45	-0.08	0.8	0.06	-0.44	0.77	-0.22		0.03	ECOR
KPTI	-0.37	-0.23	-0.33	0.1	0.62	-0.37	0.47	0.03	0.03		KPTI
	ICCM	TELA	CTSO	SRTS	EQ	COEP	IPSC	TELO	ECOR	KPTI

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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

IPSC	+ 0.83	SRTS
ECOR	+ 0.8	SRTS
TELO	+ 0.77	TELA
ECOR	+ 0.77	IPSC
COEP	+ 0.76	TELA
TELA	+ 0.75	ICCM

High negative correlations

EQ	- 0.8	ICCM
IPSC	- 0.72	TELA
IPSC	- 0.68	COEP
SRTS	- 0.67	TELA
COEP	- 0.59	EQ
COEP	- 0.57	SRTS

Risk-Adjusted Indicators

There is a big difference between Spectral Stock performing well and Spectral 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 Spectral'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
ICCM	2.42	(0.41)	0.00	(0.20)	0.00	0.00	4.35	(5.88)	14.72
TELA	2.79	(0.58)	0.00	(1.44)	0.00	0.00	5.36	(8.42)	22.82
CTSO	3.65	(0.12)	0.00	(0.04)	0.00	0.00	7.94	(7.46)	29.40
SRTS	3.01	(0.18)	0.00	(0.06)	0.00	0.00	7.57	(6.04)	21.38
EQ	5.33	0.95	0.15	1.00	5.24	(7.07)	19.26	(9.09)	43.07
COEP	3.46	(0.28)	0.00	(0.09)	0.00	0.00	7.91	(6.83)	31.89
IPSC	6.40	2.10	0.27	1.55	5.42	(8.52)	14.71	(10.94)	59.27
TELO	2.69	(0.24)	0.00	2.84	0.00	0.00	4.58	(4.93)	17.75
ECOR	3.77	(0.26)	0.00	(0.04)	0.00	0.00	9.10	(7.53)	21.08
KPTI	4.01	0.82	0.18	(16.62)	3.80	(4.58)	8.49	(5.76)	18.05

Spectral Corporate Management

Stan Micek	Interim Officer	Profile
Jeffrey Thatcher	Chief Scientist	Profile
Vincent Capone	General Secretary	Profile
Christine Marks	Vice Commercialization	Profile
Louis Percoco	General Manager	Profile

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