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.
NanoVibronix |
Moving together with NanoVibronix Stock
0.64 | NRC | National Research Corp | PairCorr |
0.77 | HCAT | Health Catalyst | PairCorr |
0.68 | ESPR | Esperion Therapeutics | PairCorr |
Moving against NanoVibronix Stock
0.6 | XTNT | Xtant Medical Holdings | PairCorr |
0.57 | AHG | Akso Health Group | PairCorr |
0.5 | XYLO | Xylo Technologies Symbol Change | PairCorr |
0.39 | FORA | Forian Inc | PairCorr |
0.33 | LNSR | LENSAR Inc | PairCorr |
0.55 | TNDM | Tandem Diabetes Care | PairCorr |
0.48 | MBOT | Microbot Medical | PairCorr |
0.48 | CERT | Certara | PairCorr |
0.35 | VALN | Valneva SE ADR | PairCorr |
0.32 | ALHC | Alignment Healthcare LLC | PairCorr |
0.31 | HSCSW | Heart Test Laboratories | PairCorr |
0.5 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
0.44 | MLAB | Mesa Laboratories Earnings Call This Week | PairCorr |
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
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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
CPA CPA | CFO Officer | Profile | |
M Harrison | VP Sales | Profile | |
Amir Rippel | Vice Marketing | Profile | |
Stephen CPA | Chief Officer | Profile | |
Harold MD | Chief Director | Profile | |
Lindsey Harrison | Vice Sales | Profile |