OncoCyte Corp Correlations

Stocks . USA . 
Stock . OncoCyte Corp
OCX Stock  USD 2.01  0.01  0.50%   
The current 90-days correlation between OncoCyte Corp and Burning Rock Biotech is -0.03 (i.e., Good diversification). The correlation of OncoCyte Corp 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.

OncoCyte Corp Correlation With Market

Significant diversification

The correlation between OncoCyte Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OncoCyte Corp 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 OncoCyte Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy OncoCyte Stock please use our How to Invest in OncoCyte Corp guide.

Moving together with OncoCyte Stock

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Moving against OncoCyte Stock

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Related Correlations Analysis

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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   
OLK
+ 0.85
STIM
OLK
+ 0.78
BNR
XGN
+ 0.71
BNR
CSTL
+ 0.64
DRIO
PSNL
+ 0.55
GTH
STIM
+ 0.53
BNR
  
High negative correlations   
CSTL
- 0.68
OLK
CSTL
- 0.66
BNR
CSTL
- 0.59
STIM
XGN
- 0.54
DRIO
XGN
- 0.48
GTH
XGN
- 0.47
CSTL

Risk-Adjusted Indicators

There is a big difference between OncoCyte Stock performing well and OncoCyte Corp 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 OncoCyte Corp'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
BNR  4.82  1.55  0.24  10.02  4.49 
(6.08)
 15.95 
(6.70)
 46.14 
STIM  6.53  2.47  0.23 (2.82) 8.10 
(7.80)
 18.50 
(9.45)
 45.79 
DRIO  6.60  0.24  0.00 (0.07) 8.94 
(8.49)
 9.86 
(12.66)
 121.18 
GTH  1.87  0.02 (0.02)(2.40) 2.49 
(2.24)
 3.45 
(4.08)
 14.43 
SERA  4.01  0.13  0.00 (0.10) 5.47 
(4.22)
 10.39 
(8.66)
 31.68 
OLK  0.63  0.18  0.10 (0.98) 0.48 
(0.76)
 1.58 
(1.37)
 4.37 
FONR  1.40 (0.01)(0.02) 0.08  1.59 
(1.61)
 2.67 
(2.81)
 13.34 
CSTL  2.52 (0.11) 0.00  0.71  0.00 
 0.00 
 4.85 
(7.40)
 23.12 
XGN  5.43  0.86  0.12  2.06  5.58 
(6.24)
 17.67 
(6.67)
 45.67 
PSNL  5.62  0.30  0.07  0.22  6.41 
(6.32)
 9.82 
(9.18)
 55.66 

OncoCyte Corp Corporate Management

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