NeoGenomics Correlations

NeoGenomics Correlation With Market

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

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 + 0.92 XGN TKNO + 0.89 HUMA SMTI + 0.88 STXS TKNO + 0.87 XGN SGMT + 0.85 XGN HUMA + 0.83 STXS

High negative correlations SGMT - 0.75 QTRX ACRS - 0.73 XGN QTRX - 0.72 XGN SGMT - 0.71 ACRS ACRS - 0.69 STXS QTRX - 0.69 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.