Oculis Holding Correlations

OCSAW Stock

4.25 0.04 0.93%

The current 90-days correlation between Oculis Holding AG and Western Midstream Partners is 0.07 (i.e., Significant diversification). The correlation of Oculis Holding 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Oculis Holding Correlation With Market

Good diversification

The correlation between Oculis Holding AG and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oculis Holding AG and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oculis Holding AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Oculis Stock

0.9	DRUG	Bright Minds Biosciences Trending	Pair Corr
0.77	SABSW	SAB Biotherapeutics	Pair Corr
0.79	VRNA	Verona Pharma PLC	Pair Corr
0.72	VSTM	Verastem Trending	Pair Corr

Moving against Oculis Stock

0.72	ME	23Andme Holding	Pair Corr
0.63	DRMA	Dermata Therapeutics	Pair Corr
0.61	DOMH	Dominari Holdings	Pair Corr
0.54	A	Agilent Technologies	Pair Corr
0.51	VALN	Valneva SE ADR	Pair Corr
0.39	VCNX	Vaccinex	Pair Corr
0.8	VINC	Vincerx Pharma	Pair Corr
0.67	DTIL	Precision BioSciences Downward Rally	Pair Corr
0.61	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.6	VRCA	Verrica Pharmaceuticals	Pair Corr
0.51	VIRX	Viracta Therapeutics	Pair Corr
0.34	VRAX	Virax Biolabs Group	Pair Corr

Related Correlations Analysis

	WES	PCYO	CCU	ATO	WEC	NI	KNTK	COCO
WES		0.41	0.05	0.31	0.3	0.28	0.19	0.13	WES
PCYO	0.41		0.18	0.86	0.8	0.93	0.9	0.87	PCYO
CCU	0.05	0.18		0.31	0.29	0.24	0.22	0.2	CCU
ATO	0.31	0.86	0.31		0.93	0.95	0.9	0.84	ATO
WEC	0.3	0.8	0.29	0.93		0.9	0.81	0.71	WEC
NI	0.28	0.93	0.24	0.95	0.9		0.94	0.9	NI
KNTK	0.19	0.9	0.22	0.9	0.81	0.94		0.92	KNTK
COCO	0.13	0.87	0.2	0.84	0.71	0.9	0.92		COCO
	WES	PCYO	CCU	ATO	WEC	NI	KNTK	COCO

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Risk-Adjusted Indicators

There is a big difference between Oculis Stock performing well and Oculis Holding 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 Oculis Holding's 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
WES	1.14	0.08	(0.01)	0.42	1.35	(1.19)	2.48	(2.19)	5.82
PCYO	1.72	0.33	0.22	0.33	1.42	(1.99)	4.75	(3.22)	13.79
CCU	1.45	(0.04)	(0.06)	0.03	1.64	(1.52)	2.84	(2.43)	8.67
ATO	0.68	0.17	0.13	0.54	0.49	(0.80)	1.85	(1.37)	3.85
WEC	0.73	0.09	0.00	0.44	0.69	(0.78)	1.59	(1.41)	3.31
NI	0.73	0.18	0.10	1.17	0.66	(0.83)	1.54	(1.80)	3.98
KNTK	1.45	0.33	0.16	0.58	1.45	(1.60)	2.77	(3.12)	11.51
COCO	1.61	0.47	0.21	1.14	1.50	(1.80)	3.72	(3.13)	11.39

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