Nephros Correlations

NEPH Stock

USD 4.10 0.34 9.04%

The current 90-days correlation between Nephros and Daxor is -0.13 (i.e., Good 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

Excellent diversification

The correlation between Nephros and DJI is -0.56 (i.e., Excellent 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.

Build AI portfolio with Nephros Stock

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 inflation.

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

Moving against Nephros Stock

0.62	BRG	Breville Group	Pair Corr
0.56	BRK-B	Berkshire Hathaway	Pair Corr
0.53	HBB	Hamilton Beach Brands	Pair Corr
0.39	WHR	Whirlpool	Pair Corr
0.38	SN	SharkNinja	Pair Corr
0.34	FEBO	Fenbo Holdings	Pair Corr
0.72	MO	Altria Group	Pair Corr
0.64	HSY	Hershey	Pair Corr
0.63	BRRAY	Barloworld ADR	Pair Corr
0.62	20030NDL2	COMCAST PORATION	Pair Corr
0.6	CCJ	Cameco Corp	Pair Corr
0.56	RRR	Red Rock Resorts	Pair Corr
0.54	BKHA	Black Hawk Acquisition	Pair Corr
0.5	AMGN	Amgen Inc	Pair Corr
0.49	FSV	FirstService Corp	Pair Corr
0.45	ALB	Albemarle Corp	Pair Corr
0.42	DG	Dollar General	Pair Corr
0.35	GM	General Motors	Pair Corr
0.31	UBS	UBS Group AG	Pair Corr
0.73	HE	Hawaiian Electric	Pair Corr
0.69	AME	Ametek Inc	Pair Corr
0.66	TNK	Teekay Tankers Earnings Call This Week	Pair Corr
0.62	IMO	Imperial Oil	Pair Corr

Related Correlations Analysis

	DXR	BEAT	ONMD	ICCC	OSTX	ZJYL	OTLK	NRXP	SPRB	HOWL
DXR		0.32	0.08	0.15	-0.07	0.31	-0.07	0.63	-0.02	-0.34	DXR
BEAT	0.32		-0.18	0.53	-0.28	-0.06	-0.01	0.18	-0.38	-0.33	BEAT
ONMD	0.08	-0.18		-0.53	0.89	0.73	0.76	0.54	0.45	0.73	ONMD
ICCC	0.15	0.53	-0.53		-0.5	-0.57	-0.62	-0.14	-0.59	-0.5	ICCC
OSTX	-0.07	-0.28	0.89	-0.5		0.67	0.68	0.44	0.59	0.82	OSTX
ZJYL	0.31	-0.06	0.73	-0.57	0.67		0.6	0.55	0.65	0.53	ZJYL
OTLK	-0.07	-0.01	0.76	-0.62	0.68	0.6		0.37	0.37	0.65	OTLK
NRXP	0.63	0.18	0.54	-0.14	0.44	0.55	0.37		0.34	0.19	NRXP
SPRB	-0.02	-0.38	0.45	-0.59	0.59	0.65	0.37	0.34		0.65	SPRB
HOWL	-0.34	-0.33	0.73	-0.5	0.82	0.53	0.65	0.19	0.65		HOWL
	DXR	BEAT	ONMD	ICCC	OSTX	ZJYL	OTLK	NRXP	SPRB	HOWL

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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

OSTX	+ 0.89	ONMD
HOWL	+ 0.82	OSTX
OTLK	+ 0.76	ONMD
ZJYL	+ 0.73	ONMD
HOWL	+ 0.73	ONMD
OTLK	+ 0.68	OSTX

High negative correlations

OTLK	- 0.62	ICCC
SPRB	- 0.59	ICCC
ZJYL	- 0.57	ICCC
ICCC	- 0.53	ONMD
HOWL	- 0.5	ICCC
OSTX	- 0.5	ICCC

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
DXR	2.28	(0.05)	0.00	0.20	0.00	0.00	4.20	(4.74)	14.79
BEAT	8.60	0.48	0.05	0.25	10.22	(12.04)	28.33	(11.73)	103.08
ONMD	7.22	(0.78)	0.00	(0.71)	0.00	0.00	16.95	(13.19)	53.01
ICCC	2.66	0.06	0.03	0.10	3.57	(2.85)	5.49	(5.18)	13.87
OSTX	3.23	(0.76)	0.00	(0.35)	0.00	0.00	5.56	(5.81)	16.39
ZJYL	4.20	(0.74)	0.00	(0.72)	0.00	0.00	8.00	(9.52)	39.69
OTLK	5.93	(0.71)	0.00	0.41	0.00	0.00	11.90	(11.11)	73.07
NRXP	4.37	(0.52)	0.00	(0.22)	0.00	0.00	8.06	(8.02)	21.29
SPRB	4.74	(0.48)	0.00	(3.20)	0.00	0.00	9.21	(9.96)	27.07
HOWL	4.69	(0.66)	0.00	(0.35)	0.00	0.00	8.70	(8.00)	51.90

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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