NeoGenomics Correlations

NEO Stock

USD 12.93 0.44 3.52%

The current 90-days correlation between NeoGenomics and Exagen Inc is 0.12 (i.e., Average 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

Average diversification

The correlation between NeoGenomics and DJI is 0.18 (i.e., Average 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 manufacturing.

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

Moving together with NeoGenomics Stock

0.8	NPTH	NeuPath Health	Pair Corr
0.64	CAH	Cardinal Health	Pair Corr
0.65	HCA	HCA Holdings	Pair Corr
0.85	NHC	National HealthCare	Pair Corr
0.87	DR	Medical Facilities	Pair Corr
0.83	BIMI	Bimi International	Pair Corr
0.84	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.9	SAR	Saratoga Investment Corp	Pair Corr

Moving against NeoGenomics Stock

0.87	300015	Aier Eye Hospital	Pair Corr
0.79	SPI	Spire Healthcare	Pair Corr
0.74	600763	Top Choice Medical	Pair Corr
0.73	301267	Huaxia Eye Hospital	Pair Corr
0.54	OPT	Optima Health plc	Pair Corr
0.42	LH	Laboratory	Pair Corr
0.39	PHA	Premier Health	Pair Corr
0.37	UNH	UnitedHealth Group CDR Earnings Call Today	Pair Corr
0.31	UNH	UnitedHealth Group	Pair Corr
0.8	ACHC	Acadia Healthcare Downward Rally	Pair Corr
0.75	WELL	WELL Health Technologies	Pair Corr
0.74	JD	JD Inc Adr	Pair Corr
0.61	CRVL	CorVel Corp	Pair Corr
0.55	PINC	Premier	Pair Corr
0.45	HNHPF	Hon Hai Precision	Pair Corr

Related Correlations Analysis

	XGN	MDXH	STXS	ACRS	QTRX	SGMT	SMTI	ARCT	HUMA	TKNO
XGN		0.86	0.81	-0.78	-0.7	0.86	0.72	0.71	0.92	0.86	XGN
MDXH	0.86		0.76	-0.64	-0.72	0.78	0.72	0.46	0.76	0.67	MDXH
STXS	0.81	0.76		-0.73	-0.5	0.6	0.9	0.8	0.87	0.75	STXS
ACRS	-0.78	-0.64	-0.73		0.73	-0.72	-0.54	-0.71	-0.7	-0.51	ACRS
QTRX	-0.7	-0.72	-0.5	0.73		-0.74	-0.5	-0.35	-0.44	-0.34	QTRX
SGMT	0.86	0.78	0.6	-0.72	-0.74		0.47	0.46	0.7	0.67	SGMT
SMTI	0.72	0.72	0.9	-0.54	-0.5	0.47		0.68	0.74	0.67	SMTI
ARCT	0.71	0.46	0.8	-0.71	-0.35	0.46	0.68		0.8	0.66	ARCT
HUMA	0.92	0.76	0.87	-0.7	-0.44	0.7	0.74	0.8		0.9	HUMA
TKNO	0.86	0.67	0.75	-0.51	-0.34	0.67	0.67	0.66	0.9		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	+ 0.92	XGN
SMTI	+ 0.9	STXS
TKNO	+ 0.9	HUMA
HUMA	+ 0.87	STXS
MDXH	+ 0.86	XGN
SGMT	+ 0.86	XGN

High negative correlations

ACRS	- 0.78	XGN
SGMT	- 0.74	QTRX
ACRS	- 0.73	STXS
SGMT	- 0.72	ACRS
QTRX	- 0.72	MDXH
ARCT	- 0.71	ACRS

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	2.39	(1.25)	0.00	(0.68)	0.00	0.00	3.11	(6.15)	13.49
MDXH	2.91	(0.35)	0.00	(0.14)	0.00	0.00	7.53	(6.55)	19.70
STXS	2.65	(0.44)	0.00	(0.16)	0.00	0.00	4.69	(6.50)	18.81
ACRS	4.02	0.54	0.12	0.62	4.13	(4.64)	8.84	(7.77)	26.60
QTRX	3.10	0.22	0.09	0.21	2.85	(4.15)	7.89	(5.12)	32.49
SGMT	3.45	(0.60)	0.00	(0.13)	0.00	0.00	6.39	(8.25)	36.94
SMTI	2.80	(0.40)	0.00	(0.44)	0.00	0.00	6.96	(5.54)	31.68
ARCT	4.35	(1.33)	0.00	(0.33)	0.00	0.00	7.42	(7.02)	59.77
HUMA	3.69	(0.72)	0.00	(0.18)	0.00	0.00	8.16	(8.13)	22.74
TKNO	2.81	(0.38)	0.00	(0.15)	0.00	0.00	6.29	(5.95)	21.07

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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