NeoGenomics Correlations

NEO Stock

USD 11.42 0.15 1.33%

The current 90-days correlation between NeoGenomics and Alpha Teknova is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoGenomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NeoGenomics Correlation With Market

Poor diversification

The correlation between NeoGenomics and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeoGenomics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NeoGenomics Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NeoGenomics. 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.

To learn how to invest in NeoGenomics Stock, please use our How to Invest in NeoGenomics guide.

Moving together with NeoGenomics Stock

0.75	NPTH	NeuPath Health	Pair Corr
0.79	EHAB	Enhabit	Pair Corr
0.67	AGL	agilon health	Pair Corr
0.8	DR	Medical Facilities	Pair Corr
0.78	SHL	Sonic Healthcare	Pair Corr
0.66	PRPO	Precipio	Pair Corr
0.88	BMEZ	BlackRock Health Sciences	Pair Corr

Moving against NeoGenomics Stock

0.63	SPI	Spire Healthcare	Pair Corr
0.6	S00	Spire Healthcare	Pair Corr
0.51	FMS	Fresenius Medical Care	Pair Corr
0.45	UHS	Universal Health Services	Pair Corr
0.42	REG	Regis Healthcare	Pair Corr
0.33	CCM	Concord Medical Services	Pair Corr
0.73	BMGL	Basel Medical Group	Pair Corr
0.69	BZ7A	Bumrungrad Hospital	Pair Corr
0.68	NAKA	Kindly MD Earnings Call This Week	Pair Corr
0.68	ATPC	Agape ATP	Pair Corr
0.57	4WK	Wenzhou Kangning Hospital	Pair Corr
0.43	7QD	CLOVER HEALTH INV	Pair Corr
0.43	8HX	AKSO HEALTH GR	Pair Corr
0.43	SIG	Sigma Healthcare	Pair Corr
0.32	A41	Addus HomeCare	Pair Corr
0.32	NVDA	NVIDIA	Pair Corr

Related Correlations Analysis

	XGN	MDXH	STXS	ACRS	QTRX	SGMT	SMTI	ARCT	HUMA	TKNO
XGN		0.51	0.27	-0.7	-0.47	0.8	0.41	0.34	0.85	0.84	XGN
MDXH	0.51		0.62	-0.2	-0.54	0.58	0.48	0.82	0.52	0.16	MDXH
STXS	0.27	0.62		-0.08	-0.03	0.17	0.6	0.55	0.39	0.28	STXS
ACRS	-0.7	-0.2	-0.08		0.39	-0.54	-0.27	-0.07	-0.54	-0.6	ACRS
QTRX	-0.47	-0.54	-0.03	0.39		-0.63	-0.25	-0.38	-0.13	-0.01	QTRX
SGMT	0.8	0.58	0.17	-0.54	-0.63		0.08	0.42	0.61	0.48	SGMT
SMTI	0.41	0.48	0.6	-0.27	-0.25	0.08		0.52	0.38	0.39	SMTI
ARCT	0.34	0.82	0.55	-0.07	-0.38	0.42	0.52		0.44	0.05	ARCT
HUMA	0.85	0.52	0.39	-0.54	-0.13	0.61	0.38	0.44		0.79	HUMA
TKNO	0.84	0.16	0.28	-0.6	-0.01	0.48	0.39	0.05	0.79		TKNO
	XGN	MDXH	STXS	ACRS	QTRX	SGMT	SMTI	ARCT	HUMA	TKNO

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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

HUMA	+ 0.85	XGN
TKNO	+ 0.84	XGN
ARCT	+ 0.82	MDXH
SGMT	+ 0.8	XGN
TKNO	+ 0.79	HUMA
STXS	+ 0.62	MDXH

High negative correlations

ACRS	- 0.7	XGN
SGMT	- 0.63	QTRX
TKNO	- 0.6	ACRS
HUMA	- 0.54	ACRS
SGMT	- 0.54	ACRS
QTRX	- 0.54	MDXH

Risk-Adjusted Indicators

There is a big difference between NeoGenomics Stock performing well and NeoGenomics 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 NeoGenomics' 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
XGN	2.77	(1.92)	0.00	(0.96)	0.00	0.00	3.38	(6.84)	17.46
MDXH	2.91	(0.55)	0.00	(0.24)	0.00	0.00	6.96	(7.42)	17.05
STXS	2.86	(0.54)	0.00	(0.26)	0.00	0.00	4.69	(6.43)	18.81
ACRS	4.66	1.03	0.15	(0.38)	4.61	(5.81)	8.62	(7.99)	84.20
QTRX	3.34	0.14	0.06	0.14	3.50	(3.99)	8.16	(6.92)	34.06
SGMT	3.40	(0.57)	0.00	7.18	0.00	0.00	6.08	(8.53)	23.02
SMTI	2.90	(0.52)	0.00	(0.46)	0.00	0.00	5.60	(6.80)	26.30
ARCT	3.04	(0.43)	0.00	(0.11)	0.00	0.00	6.53	(6.44)	15.98
HUMA	3.82	(0.88)	0.00	(0.29)	0.00	0.00	8.16	(8.13)	21.58
TKNO	2.99	(1.21)	0.00	(1.58)	0.00	0.00	4.75	(8.07)	23.61

NeoGenomics Corporate Management

Nathan MD	Vice Services	Profile
George Cardoza	Pres Operations	Profile
Gary Passman	Chief Officer	Profile
Alicia Olivo	General Development	Profile
Andrew Lukowiak	Chief Officer	Profile
Cynthia Dieter	Chief Officer	Profile

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