Marpai Correlations
| MRAIDelisted Stock | USD 1.67 0.08 4.57% |
The current 90-days correlation between Marpai Inc and PetVivo Holdings is 0.13 (i.e., Average diversification). The correlation of Marpai 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.
Marpai Correlation With Market
Significant diversification
The correlation between Marpai Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marpai Inc and DJI in the same portfolio, assuming nothing else is changed.
Marpai |
Moving together with Marpai Stock
| 0.66 | DYNT | Dynatronics Earnings Call This Week | PairCorr |
| 0.64 | EFTR | Effector Therapeutics | PairCorr |
| 0.61 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.73 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.69 | WUHN | Wuhan General Gr | PairCorr |
| 0.76 | ATR | AptarGroup Earnings Call This Week | PairCorr |
| 0.66 | ENSCW | Ensysce Biosciences | PairCorr |
| 0.84 | UPB | Upstream Bio, | PairCorr |
| 0.74 | ZBIO | Zenas BioPharma, Common | PairCorr |
Moving against Marpai Stock
| 0.74 | YCBD-PA | cbdMD Inc | PairCorr |
| 0.69 | VAXX | Vaxxinity | PairCorr |
| 0.66 | ELTP | Elite Pharma | PairCorr |
| 0.49 | VASO | Vaso Corp | PairCorr |
| 0.41 | ECIA | Encision | PairCorr |
| 0.37 | EVLO | Evelo Biosciences | PairCorr |
| 0.62 | FRTX | Fresh Tracks Therapeutics | PairCorr |
| 0.6 | FBIOP | Fortress Biotech Pref | PairCorr |
| 0.54 | KDLYW | Kindly MD, Warrants | PairCorr |
| 0.43 | BTSGU | BrightSpring Health | PairCorr |
| 0.42 | GRCE | Grace Therapeutics, Symbol Change | PairCorr |
| 0.4 | CYCCP | Cyclacel Pharmaceuticals | PairCorr |
| 0.34 | STRRP | Star Equity Holdings | PairCorr |
Related Correlations Analysis
| 0.27 | 0.63 | -0.5 | 0.67 | CNTX | ||
| 0.27 | 0.37 | 0.05 | -0.01 | TIVC | ||
| 0.63 | 0.37 | -0.37 | 0.11 | PETV | ||
| -0.5 | 0.05 | -0.37 | -0.5 | DATS | ||
| 0.67 | -0.01 | 0.11 | -0.5 | CYN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Marpai Stock performing well and Marpai 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 Marpai'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CNTX | 3.76 | (1.22) | 0.00 | (15.39) | 0.00 | 11.01 | 28.09 | |||
| TIVC | 6.61 | 0.31 | 0.03 | (0.74) | 6.40 | 12.12 | 82.47 | |||
| PETV | 3.38 | (0.29) | 0.00 | 0.82 | 0.00 | 8.21 | 29.17 | |||
| DATS | 15.78 | 6.01 | 0.37 | (0.86) | 12.00 | 25.14 | 419.67 | |||
| CYN | 9.88 | (2.05) | 0.00 | (2.72) | 0.00 | 28.57 | 101.65 |
Marpai Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Marpai stock to make a market-neutral strategy. Peer analysis of Marpai could also be used in its relative valuation, which is a method of valuing Marpai by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Marpai Corporate Management
| Gonen Antebi | Chief Officer | Profile | |
| Ronnie Brown | Chief Officer | Profile | |
| Lutz Finger | Pres Devel | Profile | |
| Edmundo Gonzalez | CEO, CoFounder | Profile | |
| Eli David | Chairman CoFounder | Profile |
Still Interested in Marpai Inc?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.