MaxCyte Correlations

MXCT Stock

USD 1.26 0.03 2.33%

The current 90-days correlation between MaxCyte and Profound Medical Corp is 0.18 (i.e., Average 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

Modest diversification

The correlation between MaxCyte and DJI is 0.23 (i.e., Modest diversification) 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 unemployment.

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

Moving against MaxCyte Stock

0.72	VREX	Varex Imaging Corp	Pair Corr
0.57	301363	MeHow Innovative	Pair Corr
0.36	SPEC	Inspecs Group plc	Pair Corr
0.33	EW	Edwards Lifesciences Corp	Pair Corr
0.63	BLCO	Bausch Lomb Corp	Pair Corr
0.59	EDAP	EDAP TMS SA	Pair Corr
0.58	ECOR	Electrocore LLC	Pair Corr
0.53	EKSO	Ekso Bionics Holdings	Pair Corr
0.52	300358	Truking Technology	Pair Corr
0.44	BB1	Blinklab	Pair Corr
0.41	ELMD	Electromed	Pair Corr
0.37	002382	Blue Sail Medical	Pair Corr
0.54	601089	Beijing Winsunny Pha	Pair Corr
0.53	QIPT	Quipt Home Medical	Pair Corr
0.51	FIGS	Figs Inc Downward Rally	Pair Corr
0.36	605186	Shanghai General Healthy	Pair Corr
0.36	ALC	Alcon AG	Pair Corr
0.35	688338	Beijing Succeeder	Pair Corr

Related Correlations Analysis

	PROF	TLSI	AVR	LNSR	OWLT	CATX	PRE	ARMP	NNOX	SGMO
PROF		0.63	0.21	0.17	0.83	-0.19	0.46	0.38	-0.62	-0.64	PROF
TLSI	0.63		0.44	0.18	0.76	-0.1	0.59	0.2	-0.14	-0.43	TLSI
AVR	0.21	0.44		0.77	0.15	0.46	0.75	-0.36	0.01	0.37	AVR
LNSR	0.17	0.18	0.77		-0.08	0.49	0.55	-0.5	-0.13	0.47	LNSR
OWLT	0.83	0.76	0.15	-0.08		-0.25	0.43	0.49	-0.43	-0.71	OWLT
CATX	-0.19	-0.1	0.46	0.49	-0.25		0.33	-0.68	0.29	0.65	CATX
PRE	0.46	0.59	0.75	0.55	0.43	0.33		-0.01	-0.1	0.01	PRE
ARMP	0.38	0.2	-0.36	-0.5	0.49	-0.68	-0.01		-0.32	-0.7	ARMP
NNOX	-0.62	-0.14	0.01	-0.13	-0.43	0.29	-0.1	-0.32		0.57	NNOX
SGMO	-0.64	-0.43	0.37	0.47	-0.71	0.65	0.01	-0.7	0.57		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

OWLT	+ 0.83	PROF
LNSR	+ 0.77	AVR
OWLT	+ 0.76	TLSI
PRE	+ 0.75	AVR
SGMO	+ 0.65	CATX
TLSI	+ 0.63	PROF

High negative correlations

SGMO	- 0.71	OWLT
SGMO	- 0.7	ARMP
ARMP	- 0.68	CATX
SGMO	- 0.64	PROF
NNOX	- 0.62	PROF
ARMP	- 0.5	LNSR

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	3.02	0.41	0.17	0.29	2.75	(4.02)	7.87	(3.80)	21.80
TLSI	3.30	0.29	0.06	0.55	4.03	(3.74)	8.30	(7.86)	25.94
AVR	4.31	0.10	0.05	0.13	4.21	(5.80)	9.42	(7.84)	32.32
LNSR	1.69	(0.05)	(0.03)	0.02	2.57	(1.76)	3.63	(3.39)	12.25
OWLT	3.93	0.75	0.15	1.90	4.33	(4.70)	9.52	(8.09)	30.32
CATX	4.35	(0.94)	0.00	(5.42)	0.00	0.00	6.25	(8.80)	31.85
PRE	4.32	0.25	0.04	0.34	5.66	(4.53)	8.75	(7.28)	30.22
ARMP	7.27	1.97	0.23	(0.79)	6.23	(8.84)	14.73	(10.65)	124.74
NNOX	3.53	(0.43)	0.00	(0.16)	0.00	0.00	9.44	(6.06)	36.87
SGMO	3.63	(0.90)	0.00	(0.34)	0.00	0.00	7.69	(6.98)	22.61

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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