Nephros Correlations

NEPH Stock

USD 1.54 0.03 1.99%

The current 90-days correlation between Nephros and Precision Optics, is 0.36 (i.e., Weak diversification). The correlation of Nephros 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.

Nephros Correlation With Market

Average diversification

The correlation between Nephros and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nephros and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nephros. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Nephros Stock please use our How to Invest in Nephros guide.

Moving together with Nephros Stock

0.65	DIBS	1StdibsCom	Pair Corr
0.74	FL	Foot Locker Earnings Call Tomorrow	Pair Corr
0.7	GV	Visionary Education	Pair Corr
0.81	TH	Target Hospitality Corp	Pair Corr
0.69	TM	Toyota Motor	Pair Corr

Moving against Nephros Stock

0.79	ATR	AptarGroup	Pair Corr
0.79	AS	Amer Sports, Trending	Pair Corr
0.72	EM	Smart Share Global	Pair Corr
0.7	BQ	Boqii Holding Limited	Pair Corr
0.54	M	Macys Inc	Pair Corr
0.44	GM	General Motors Aggressive Push	Pair Corr
0.41	H	Hyatt Hotels	Pair Corr
0.41	BC	Brunswick	Pair Corr
0.85	JD	JD Inc Adr	Pair Corr
0.79	LI	Li Auto	Pair Corr
0.79	RL	Ralph Lauren Corp	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.67	LB	LandBridge Company Downward Rally	Pair Corr
0.66	SG	Sweetgreen	Pair Corr
0.62	RH	RH	Pair Corr
0.57	JZ	Jianzhi Education	Pair Corr
0.53	UA	Under Armour C	Pair Corr
0.51	IH	Ihuman Inc	Pair Corr
0.49	LE	Lands End Earnings Call This Week	Pair Corr
0.43	SN	SharkNinja,	Pair Corr
0.88	DOGZ	Dogness International Downward Rally	Pair Corr
0.84	ZK	ZEEKR Intelligent	Pair Corr
0.76	DUOL	Duolingo	Pair Corr
0.63	WW	WW International Buyout Trend	Pair Corr

Related Correlations Analysis

	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY
POCI		0.02	-0.05	0.51	0.49	-0.19	0.5	-0.33	0.11	POCI
KRMD	0.02		0.82	-0.22	-0.73	0.85	-0.65	0.6	-0.61	KRMD
INFU	-0.05	0.82		0.05	-0.76	0.83	-0.51	0.64	-0.61	INFU
UTMD	0.51	-0.22	0.05		0.34	-0.15	0.6	-0.29	0.13	UTMD
MLSS	0.49	-0.73	-0.76	0.34		-0.86	0.71	-0.57	0.6	MLSS
PDEX	-0.19	0.85	0.83	-0.15	-0.86		-0.62	0.51	-0.69	PDEX
CLPBY	0.5	-0.65	-0.51	0.6	0.71	-0.62		-0.5	0.24	CLPBY
OPSSF	-0.33	0.6	0.64	-0.29	-0.57	0.51	-0.5		-0.51	OPSSF
SAUHY	0.11	-0.61	-0.61	0.13	0.6	-0.69	0.24	-0.51		SAUHY
	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY

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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

PDEX	+ 0.85	KRMD
PDEX	+ 0.83	INFU
INFU	+ 0.82	KRMD
CLPBY	+ 0.71	MLSS
OPSSF	+ 0.64	INFU
OPSSF	+ 0.6	KRMD

High negative correlations

PDEX	- 0.86	MLSS
MLSS	- 0.76	INFU
MLSS	- 0.73	KRMD
SAUHY	- 0.69	PDEX
CLPBY	- 0.65	KRMD
CLPBY	- 0.62	PDEX

Risk-Adjusted Indicators

There is a big difference between Nephros Stock performing well and Nephros 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 Nephros' 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
POCI	3.45	(0.08)	(0.02)	0.05	4.06	(4.12)	7.48	(6.99)	18.59
KRMD	2.62	0.75	0.21	12.99	2.32	(3.10)	6.37	(4.40)	18.56
INFU	3.05	0.47	0.17	0.36	2.71	(3.52)	7.64	(4.81)	22.10
UTMD	0.71	(0.15)	0.00	(0.06)	0.00	0.00	1.17	(1.82)	7.07
MLSS	2.97	(0.44)	0.00	(0.33)	0.00	0.00	8.45	(7.89)	27.59
PDEX	4.07	1.20	0.22	0.92	4.38	(4.56)	10.44	(9.00)	30.21
CLPBY	1.16	(0.18)	0.00	(0.39)	0.00	0.00	1.96	(2.63)	5.64
OPSSF	2.43	0.25	0.04	(1.11)	2.41	(3.45)	5.50	(4.58)	19.98
SAUHY	1.74	(0.31)	0.00	(0.56)	0.00	0.00	3.19	(4.38)	12.55

Nephros Corporate Management

Vashone Thomas	Regulatory, Quality	Profile
Joleen Turner	VP Devel	Profile
Judy CFA	Chief Officer	Profile
Judy Mazzini	Controller	Profile
MS MBA	Inc Products	Profile

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