NeoGenomics Correlations

NEO Stock

USD 9.58 0.01 0.10%

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

Good diversification

The correlation between NeoGenomics and DJI is -0.11 (i.e., Good 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 housing.

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

Moving together with NeoGenomics Stock

0.65	GH	Guardant Health	Pair Corr
0.68	IDX	Integral Diagnostics	Pair Corr
0.63	UNH	UnitedHealth Group CDR	Pair Corr
0.69	FLGT	Fulgent Genetics	Pair Corr
0.81	AGL	agilon health Earnings Call Tomorrow	Pair Corr
0.65	CCM	Concord Medical Services	Pair Corr

Moving against NeoGenomics Stock

0.64	LH	Laboratory	Pair Corr
0.53	X34	ENHABIT INC DL Earnings Call This Week	Pair Corr
0.49	GD6	Ramsay Gnrale de	Pair Corr
0.46	CI	Cigna Corp	Pair Corr
0.43	X2S	Sinopharm Group	Pair Corr
0.43	ANCR	Animalcare Group Plc Earnings Call Today	Pair Corr
0.8	ENSG	Ensign Group	Pair Corr
0.59	EHAB	Enhabit Earnings Call This Week	Pair Corr
0.57	636	Sienna Senior Living	Pair Corr
0.54	BKD	Brookdale Senior Living	Pair Corr
0.48	FRE	Fresenius SE	Pair Corr
0.39	FMEA	Fresenius Medical Care	Pair Corr
0.86	DVA	DaVita HealthCare	Pair Corr
0.75	HCA	HCA Holdings	Pair Corr
0.73	DGX	Quest Diagnostics	Pair Corr
0.58	CAH	Cardinal Health	Pair Corr
0.57	CON	Concentra Group Holdings Earnings Call This Week	Pair Corr
0.54	0NR	UNIPHAR PLC EO	Pair Corr

Related Correlations Analysis

	XGN	MDXH	STXS	ACRS	QTRX	SGMT	SMTI	ARCT	HUMA	TKNO
XGN		-0.32	0.44	-0.49	0.7	0.69	0.5	-0.62	0.65	0.97	XGN
MDXH	-0.32		0.23	0.48	0.01	0.15	-0.43	0.38	-0.05	-0.33	MDXH
STXS	0.44	0.23		-0.02	0.68	0.52	0.56	-0.16	0.18	0.57	STXS
ACRS	-0.49	0.48	-0.02		-0.22	-0.14	-0.23	0.41	-0.4	-0.44	ACRS
QTRX	0.7	0.01	0.68	-0.22		0.71	0.49	-0.11	0.56	0.77	QTRX
SGMT	0.69	0.15	0.52	-0.14	0.71		0.18	-0.25	0.51	0.67	SGMT
SMTI	0.5	-0.43	0.56	-0.23	0.49	0.18		-0.34	0.04	0.63	SMTI
ARCT	-0.62	0.38	-0.16	0.41	-0.11	-0.25	-0.34		-0.01	-0.58	ARCT
HUMA	0.65	-0.05	0.18	-0.4	0.56	0.51	0.04	-0.01		0.57	HUMA
TKNO	0.97	-0.33	0.57	-0.44	0.77	0.67	0.63	-0.58	0.57		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

TKNO	+ 0.97	XGN
TKNO	+ 0.77	QTRX
SGMT	+ 0.71	QTRX
QTRX	+ 0.7	XGN
SGMT	+ 0.69	XGN
QTRX	+ 0.68	STXS

High negative correlations

ARCT	- 0.62	XGN
TKNO	- 0.58	ARCT
ACRS	- 0.49	XGN
TKNO	- 0.44	ACRS
SMTI	- 0.43	MDXH
HUMA	- 0.4	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	2.83	(1.18)	0.00	(0.72)	0.00	0.00	4.08	(5.93)	16.56
MDXH	2.72	(0.04)	0.00	0.06	3.02	(3.30)	6.96	(4.56)	17.05
STXS	2.46	(0.17)	0.00	(0.06)	0.00	0.00	4.69	(5.26)	14.48
ACRS	4.42	0.75	0.09	(0.21)	4.62	(5.40)	8.27	(7.99)	84.20
QTRX	3.11	(0.12)	0.00	0.03	3.63	(3.62)	8.16	(6.92)	34.06
SGMT	3.15	(0.25)	0.00	(0.12)	0.00	0.00	6.08	(7.51)	22.02
SMTI	2.40	0.02	0.01	0.09	2.56	(2.67)	5.60	(3.91)	15.40
ARCT	2.60	0.31	0.13	0.25	2.61	(3.05)	6.65	(4.23)	15.98
HUMA	4.29	(0.11)	(0.01)	0.02	4.75	(5.30)	11.11	(8.11)	43.72
TKNO	3.06	(0.71)	0.00	(2.28)	0.00	0.00	7.67	(6.10)	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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