OCX Old Correlations

OCXDelisted Stock  USD 3.20  0.43  15.52%   
The current 90-days correlation between OCX Old and AADI Old is -0.18 (i.e., Good diversification). The correlation of OCX Old 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.

OCX Old Correlation With Market

Good diversification

The correlation between OCX Old and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OCX Old and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving against OCX Stock

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Related Correlations Analysis


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

QNCXJBIO
BLIAADI
MIROAADI
JNCEAADI
RVLPAADI
IGMSAADI
  

High negative correlations

JBIOAADI
QNCXAADI
ASXCQNCX
ASXCJBIO
ASXCHLVX
QNCXHLVX

Risk-Adjusted Indicators

There is a big difference between OCX Stock performing well and OCX Old 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 OCX Old'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AADI  4.07  0.11  0.00  0.03  0.00 
 6.76 
 62.23 
BLI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
MIRO  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
JNCE  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
RVLP  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
IGMS  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
HLVX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
JBIO  3.37  1.06  0.18 (0.34) 3.29 
 8.87 
 25.89 
QNCX  4.38  0.60  0.14  0.46  4.11 
 11.39 
 42.36 
ASXC  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Delisting Warning - OCX

OCX Old was delisted

The entity OCX Old with a symbol OCX was delisted from NASDAQ Exchange. Please try Insight Molecular Diagnostics with a symbol IMDX from now on. Check all delisted instruments accross multiple markets.

OCX Old Corporate Management

Andrea JamesChief OfficerProfile
Ekkehard MDChief OfficerProfile
Joshua RiggsInterim OfficerProfile
Tony KalajianSenior Vice President Chief Accounting OfficerProfile
Andrew LastIndependent DirectorProfile
William AnnettAdvisorProfile

Still Interested in OCX Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.