NAYA Old Correlations

NAYADelisted Stock   2.20  0.18  8.91%   
The current 90-days correlation between NAYA Old and Avinger is -0.11 (i.e., Good diversification). The correlation of NAYA Old 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.

NAYA Old Correlation With Market

Good diversification

The correlation between NAYA Old and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NAYA Old and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with NAYA Stock

  0.76CMWCF Cromwell PropertyPairCorr
  0.69PG Procter GamblePairCorr
  0.82HD Home DepotPairCorr
  0.61T ATT IncPairCorr

Moving against NAYA Stock

  0.94FTV Fortive CorpPairCorr
  0.82BAC Bank of America Earnings Call This WeekPairCorr
  0.81EW Edwards Lifesciences CorpPairCorr
  0.67STE STERIS plcPairCorr
  0.55MDT Medtronic PLCPairCorr
  0.43CICHF China Construction BankPairCorr
  0.91CSCO Cisco SystemsPairCorr
  0.91MRK Merck CompanyPairCorr
  0.9JNJ Johnson JohnsonPairCorr
  0.82AXP American ExpressPairCorr
  0.81CAT CaterpillarPairCorr
  0.79XOM Exxon Mobil CorpPairCorr
  0.79WMT Walmart Common StockPairCorr
  0.79AA Alcoa CorpPairCorr
  0.74TRV The Travelers CompaniesPairCorr
  0.74MCD McDonaldsPairCorr
  0.62JPM JPMorgan Chase Earnings Call This WeekPairCorr

Related Correlations Analysis


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

ONCSQCMAX
AXDXAVGR
AXDXCUTR
CUTRAVGR
NBSEAVGR
ONCTAVGR
  

High negative correlations

AXDXSIEN
AXDXONCSQ
SIENONCSQ
AXDXSAVAW
SIENSAVAW
ONCSQSAVAW

Risk-Adjusted Indicators

There is a big difference between NAYA Stock performing well and NAYA Old 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 NAYA Old'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
AVGR  10.38  0.73  0.05  2.25  11.53 
 33.33 
 156.92 
NBSE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ONCT  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CMAX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CUTR  7.61 (1.39) 0.00 (1.03) 0.00 
 20.00 
 90.46 
TMBR  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SAVAW  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ONCSQ  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
SIEN  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AXDX  6.50 (3.50) 0.00  1.45  0.00 
 7.21 
 77.76 

Delisting Warning - NAYA

NAYA Old was delisted

The entity NAYA Old with a symbol NAYA was delisted from NASDAQ Exchange. Please try INVO Fertility with a symbol IVF from now on. Check all delisted instruments accross multiple markets.

Still Interested in NAYA Old?

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.