NanoVibronix Correlations

NAOV Stock  USD 0.59  0.21  55.26%   
The current 90-days correlation between NanoVibronix and Bone Biologics Corp is 0.14 (i.e., Average diversification). The correlation of NanoVibronix 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.

NanoVibronix Correlation With Market

Average diversification

The correlation between NanoVibronix and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NanoVibronix and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NanoVibronix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.

Moving together with NanoVibronix Stock

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  0.77HCAT Health CatalystPairCorr
  0.68ESPR Esperion TherapeuticsPairCorr

Moving against NanoVibronix Stock

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  0.48MBOT Microbot MedicalPairCorr
  0.48CERT CertaraPairCorr
  0.35VALN Valneva SE ADRPairCorr
  0.32ALHC Alignment Healthcare LLCPairCorr
  0.31HSCSW Heart Test LaboratoriesPairCorr
  0.5PFE Pfizer Inc Earnings Call This WeekPairCorr
  0.44MLAB Mesa Laboratories Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
RMEDBBLG
RMEDTHMO
RSLSBBLG
RMEDRSLS
HSCSVVOS
NUWEBBLG
  
High negative correlations   
RSLSVVOS
VVOSBBLG
RMEDVVOS
NUWEVVOS
RSLSHSCS
THMOVVOS

Risk-Adjusted Indicators

There is a big difference between NanoVibronix Stock performing well and NanoVibronix 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 NanoVibronix'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BBLG  3.71 (0.69) 0.00 (1.44) 0.00 
 8.91 
 21.45 
BJDX  9.37  0.24  0.06  0.12  11.45 
 19.21 
 120.57 
VVOS  4.42  0.84  0.13 (0.65) 4.44 
 10.55 
 27.59 
TIVC  6.61  0.31  0.03 (0.74) 6.40 
 12.12 
 82.47 
THMO  5.25 (0.87) 0.00 (81.61) 0.00 
 9.72 
 40.73 
HSCS  3.49  0.19  0.02 (0.49) 3.86 
 7.12 
 39.74 
RSLS  3.60 (0.54) 0.00 (2.62) 0.00 
 5.79 
 29.64 
NUWE  7.56  0.42  0.04  0.48  9.80 
 13.26 
 141.14 
SINT  6.03  0.30  0.04  0.30  7.22 
 15.59 
 84.59 
RMED  2.66 (1.05) 0.00  3.32  0.00 
 4.50 
 14.82 

NanoVibronix Corporate Management