OneMedNet Corp Correlations

ONMDW Stock

0.03 0.00 0.00%

The current 90-days correlation between OneMedNet Corp and Hasbro Inc is -0.07 (i.e., Good diversification). The correlation of OneMedNet 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.

OneMedNet Corp Correlation With Market

Good diversification

The correlation between OneMedNet Corp and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneMedNet 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 OneMedNet 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 unemployment.

For more information on how to buy OneMedNet Stock please use our How to Invest in OneMedNet Corp guide.

Moving together with OneMedNet Stock

0.68	CI	Cigna Corp	Pair Corr
0.78	EKSO	Ekso Bionics Holdings	Pair Corr
0.61	AHG	Akso Health Group	Pair Corr
0.75	ALC	Alcon AG	Pair Corr
0.77	BAX	Baxter International	Pair Corr
0.78	CNC	Centene Corp Sell-off Trend	Pair Corr
0.61	COO	Cooper Companies, Earnings Call This Week	Pair Corr
0.77	DHR	Danaher	Pair Corr
0.79	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.68	EVH	Evolent Health	Pair Corr
0.64	MOH	Molina Healthcare	Pair Corr
0.73	XRAY	Dentsply Sirona	Pair Corr
0.72	TFX	Teleflex Incorporated	Pair Corr
0.63	XTNT	Xtant Medical Holdings	Pair Corr

Moving against OneMedNet Stock

0.66	VREX	Varex Imaging Corp	Pair Corr
0.54	DOCS	Doximity Sell-off Trend	Pair Corr
0.53	LH	Laboratory	Pair Corr
0.53	XAIR	Beyond Air	Pair Corr
0.75	PEN	Penumbra	Pair Corr
0.58	CAH	Cardinal Health	Pair Corr
0.49	FOXO	FOXO Technologies	Pair Corr
0.45	HAE	Haemonetics	Pair Corr
0.82	VMD	Viemed Healthcare	Pair Corr
0.76	WGS	GeneDx Holdings Corp	Pair Corr
0.7	GMED	Globus Medical	Pair Corr
0.62	HIMS	Hims Hers Health Trending	Pair Corr
0.49	INMD	InMode	Pair Corr
0.38	WST	West Pharmaceutical	Pair Corr

Related Correlations Analysis

	HAS	JDSPY	JDDSF	XPOF	APTV	MPX	PLYA	FNKO
HAS		0.77	-0.17	-0.7	0.85	-0.31	-0.7	0.62	HAS
JDSPY	0.77		-0.04	-0.63	0.8	-0.48	-0.83	0.34	JDSPY
JDDSF	-0.17	-0.04		-0.09	-0.14	-0.02	0.25	0.17	JDDSF
XPOF	-0.7	-0.63	-0.09		-0.7	0.47	0.68	-0.49	XPOF
APTV	0.85	0.8	-0.14	-0.7		-0.49	-0.8	0.38	APTV
MPX	-0.31	-0.48	-0.02	0.47	-0.49		0.74	0.13	MPX
PLYA	-0.7	-0.83	0.25	0.68	-0.8	0.74		-0.08	PLYA
FNKO	0.62	0.34	0.17	-0.49	0.38	0.13	-0.08		FNKO
	HAS	JDSPY	JDDSF	XPOF	APTV	MPX	PLYA	FNKO

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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

APTV	+ 0.85	HAS
APTV	+ 0.8	JDSPY
JDSPY	+ 0.77	HAS
PLYA	+ 0.74	MPX
PLYA	+ 0.68	XPOF
FNKO	+ 0.62	HAS

High negative correlations

PLYA	- 0.83	JDSPY
PLYA	- 0.8	APTV
APTV	- 0.7	XPOF
PLYA	- 0.7	HAS
XPOF	- 0.7	HAS
XPOF	- 0.63	JDSPY

Risk-Adjusted Indicators

There is a big difference between OneMedNet Stock performing well and OneMedNet 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 OneMedNet 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HAS	0.92	(0.09)	0.00	(0.62)	0.00	0.00	1.56	(1.52)	8.12
JDSPY	2.85	(0.45)	0.00	2.40	0.00	0.00	6.70	(6.21)	26.98
JDDSF	0.54	(0.13)	0.00	(0.38)	0.00	0.00	0.00	0.00	29.30
XPOF	2.87	0.17	0.06	0.26	3.04	(3.16)	5.96	(5.28)	35.52
APTV	1.79	(0.48)	0.00	(0.26)	0.00	0.00	2.67	(3.49)	20.63
MPX	1.17	(0.07)	(0.03)	0.06	1.37	(1.33)	2.89	(2.16)	7.94
PLYA	1.33	0.20	0.15	0.27	1.13	(1.46)	3.23	(2.00)	9.17
FNKO	2.08	0.06	0.01	0.19	3.02	(2.02)	5.62	(5.27)	18.66

OneMedNet Corp Corporate Executives

Elected by the shareholders, the OneMedNet Corp's board of directors comprises two types of representatives: OneMedNet Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OneMedNet. The board's role is to monitor OneMedNet Corp's management team and ensure that shareholders' interests are well served. OneMedNet Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, OneMedNet Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lisa Embree

CFO Finance

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