MaxCyte Correlations

MXCT Stock

USD 0.72 0.01 1.44%

The current 90-days correlation between MaxCyte and TriSalus Life Sciences is 0.2 (i.e., Modest diversification). The correlation of MaxCyte 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.

MaxCyte Correlation With Market

Pay attention - limited upside

The correlation between MaxCyte and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MaxCyte and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MaxCyte Stock

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

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

Moving together with MaxCyte Stock

0.7	AHC	Austco Healthcare	Pair Corr
0.63	2DR	Inspire Medical Systems	Pair Corr
0.85	HAE	Haemonetics	Pair Corr
0.65	NTI	Neurotech International	Pair Corr
0.73	MMSI	Merit Medical Systems	Pair Corr
0.68	NSPR	InspireMD	Pair Corr

Moving against MaxCyte Stock

0.79	VMD	Viemed Healthcare	Pair Corr
0.57	QIPT	Quipt Home Medical	Pair Corr
0.46	4DX	4DMEDICAL	Pair Corr
0.38	TRLS	Trellus Health plc	Pair Corr
0.93	CREO	Creo Medical Group	Pair Corr
0.88	IMR	Imricor Medical Systems	Pair Corr
0.86	TLT	Theralase Technologies	Pair Corr
0.84	EYE	Nova EYE Medical	Pair Corr
0.74	POCI	Precision Optics Downward Rally	Pair Corr
0.73	AFME	Affluent Medical SAS	Pair Corr
0.71	FPH	Fisher Paykel Healthcare	Pair Corr
0.67	AFW	Align Technology	Pair Corr
0.39	MDX	MedX Health Corp	Pair Corr

Related Correlations Analysis

	PROF	TLSI	AVR	LNSR	OWLT	CATX	PRE	ARMP	NNOX	SGMO
PROF		0.39	0.5	0.6	0.65	-0.04	0.3	-0.3	-0.21	0.02	PROF
TLSI	0.39		0.06	0.11	0.69	-0.29	-0.08	-0.53	0.38	0.25	TLSI
AVR	0.5	0.06		0.92	0.22	0.58	0.86	0.03	-0.49	-0.22	AVR
LNSR	0.6	0.11	0.92		0.24	0.63	0.85	0.05	-0.63	-0.19	LNSR
OWLT	0.65	0.69	0.22	0.24		-0.21	0.06	-0.35	0.15	0.07	OWLT
CATX	-0.04	-0.29	0.58	0.63	-0.21		0.8	0.65	-0.66	-0.19	CATX
PRE	0.3	-0.08	0.86	0.85	0.06	0.8		0.39	-0.56	-0.31	PRE
ARMP	-0.3	-0.53	0.03	0.05	-0.35	0.65	0.39		-0.33	-0.31	ARMP
NNOX	-0.21	0.38	-0.49	-0.63	0.15	-0.66	-0.56	-0.33		0.29	NNOX
SGMO	0.02	0.25	-0.22	-0.19	0.07	-0.19	-0.31	-0.31	0.29		SGMO
	PROF	TLSI	AVR	LNSR	OWLT	CATX	PRE	ARMP	NNOX	SGMO

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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

LNSR	+ 0.92	AVR
PRE	+ 0.86	AVR
PRE	+ 0.85	LNSR
PRE	+ 0.8	CATX
OWLT	+ 0.69	TLSI
OWLT	+ 0.65	PROF

High negative correlations

NNOX	- 0.66	CATX
NNOX	- 0.63	LNSR
NNOX	- 0.56	PRE
ARMP	- 0.53	TLSI
NNOX	- 0.49	AVR
ARMP	- 0.35	OWLT

Risk-Adjusted Indicators

There is a big difference between MaxCyte Stock performing well and MaxCyte 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 MaxCyte'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
PROF	3.04	0.01	0.02	0.08	3.51	(3.37)	7.37	(5.69)	19.12
TLSI	3.38	0.15	0.03	0.22	4.33	(3.60)	8.30	(7.86)	25.94
AVR	3.85	0.55	0.16	0.46	3.32	(5.02)	9.42	(5.99)	25.09
LNSR	1.45	0.23	0.10	1.09	1.45	(1.73)	3.50	(2.75)	11.85
OWLT	4.01	0.34	0.06	0.71	4.88	(4.27)	8.21	(8.09)	24.32
CATX	5.10	1.58	0.25	1.28	4.89	(5.58)	8.14	(8.80)	77.44
PRE	3.84	0.80	0.19	0.52	3.63	(4.24)	9.77	(6.74)	22.19
ARMP	5.19	0.69	0.11	0.70	6.08	(5.64)	14.07	(8.33)	36.30
NNOX	3.93	(0.49)	0.00	(0.25)	0.00	0.00	9.44	(6.31)	36.87
SGMO	4.66	(0.22)	0.00	(0.01)	0.00	0.00	9.52	(7.14)	73.25

MaxCyte Corporate Management

James Brady	Senior Support	Profile
Stark Thompson	Consultant	Profile
Jill Mayer	Senior Resources	Profile
Cenk Sumen	Chief Officer	Profile
Douglas Doerfler	President, Founder	Profile
Jay Gelfman	Senior Operations	Profile

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