Opko Health Correlations

OPK Stock

USD 1.20 0.02 1.69%

The current 90-days correlation between Opko Health and Sana Biotechnology is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Opko Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Opko Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Opko Health Correlation With Market

Very good diversification

The correlation between Opko Health and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Opko Health and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Opko Stock

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

For more information on how to buy Opko Stock please use our How to buy in Opko Stock guide.

Moving together with Opko Stock

0.73	OSE	OSE Pharma SA	Pair Corr
0.67	RAC	Race Oncology	Pair Corr
0.84	VCYT	Veracyte	Pair Corr
0.77	DRMA	Dermata Therapeutics	Pair Corr
0.65	DXB	Dimerix	Pair Corr
0.65	DTIL	Precision BioSciences	Pair Corr
0.77	9OF	BIORESTORATTHERAPDL	Pair Corr
0.7	BIM	Biomerieux SA	Pair Corr

Moving against Opko Stock

0.81	EQ	Equillium	Pair Corr
0.62	VALN	Valneva SE ADR	Pair Corr
0.61	DNTH	Dianthus Therapeutics	Pair Corr
0.48	DNLI	Denali Therapeutics Earnings Call This Week	Pair Corr
0.46	GXEA	Galapagos NV	Pair Corr
0.46	8VP1	AVRICORE HEALTH INC	Pair Corr
0.43	CMB	Cambium Bio	Pair Corr
0.39	2CG	NANOSPHERE HEASCIENCES	Pair Corr
0.38	JUMP	Leveljump Healthcare Corp Earnings Call This Week	Pair Corr
0.73	PYC	Physiomics Plc Earnings Call This Week	Pair Corr
0.67	6C1	CytomX Therapeutics Earnings Call This Week	Pair Corr
0.63	DRTS	Alpha Tau Medical Earnings Call This Week	Pair Corr
0.59	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr
0.57	AVH	Avita Medical	Pair Corr
0.57	DSGN	Design Therapeutics	Pair Corr
0.39	CDIOW	Cardio Diagnostics	Pair Corr
0.33	SABSW	SAB Biotherapeutics	Pair Corr
0.33	SAB	Sonic Healthcare	Pair Corr
0.67	DVAX	Dynavax Technologies	Pair Corr
0.64	NANO	Nanobiotix SA	Pair Corr
0.52	SRZNW	Surrozen Warrant	Pair Corr
0.43	ALA	Arovella Therapeutics	Pair Corr
0.38	VINC	Vincerx Pharma Common	Pair Corr
0.34	VNDA	Vanda Pharmaceuticals Trending	Pair Corr

Related Correlations Analysis

	SANA	CTEV	XNCR	OCS	PSNL	NKTR	TNDM	LFMD	DNTH	PCRX
SANA		0.02	0.24	-0.15	0.21	-0.38	0.04	0.33	-0.09	0.13	SANA
CTEV	0.02		0.81	-0.88	0.27	-0.13	-0.07	0.61	-0.64	0.52	CTEV
XNCR	0.24	0.81		-0.91	0.3	0.05	0.1	0.57	-0.65	0.65	XNCR
OCS	-0.15	-0.88	-0.91		-0.09	0.12	-0.09	-0.64	0.85	-0.72	OCS
PSNL	0.21	0.27	0.3	-0.09		0.02	-0.25	0.44	0.19	-0.34	PSNL
NKTR	-0.38	-0.13	0.05	0.12	0.02		0.26	-0.46	0.16	0.2	NKTR
TNDM	0.04	-0.07	0.1	-0.09	-0.25	0.26		-0.15	-0.09	0.43	TNDM
LFMD	0.33	0.61	0.57	-0.64	0.44	-0.46	-0.15		-0.59	0.14	LFMD
DNTH	-0.09	-0.64	-0.65	0.85	0.19	0.16	-0.09	-0.59		-0.7	DNTH
PCRX	0.13	0.52	0.65	-0.72	-0.34	0.2	0.43	0.14	-0.7		PCRX
	SANA	CTEV	XNCR	OCS	PSNL	NKTR	TNDM	LFMD	DNTH	PCRX

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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

DNTH	+ 0.85	OCS
XNCR	+ 0.81	CTEV
PCRX	+ 0.65	XNCR
LFMD	+ 0.61	CTEV
LFMD	+ 0.57	XNCR
PCRX	+ 0.52	CTEV

High negative correlations

OCS	- 0.91	XNCR
OCS	- 0.88	CTEV
PCRX	- 0.72	OCS
PCRX	- 0.7	DNTH
DNTH	- 0.65	XNCR
LFMD	- 0.64	OCS

Risk-Adjusted Indicators

There is a big difference between Opko Stock performing well and Opko Health 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 Opko Health'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
SANA	4.10	0.30	0.09	0.20	4.11	(5.18)	12.59	(6.98)	28.66
CTEV	5.07	(1.59)	0.00	(2.22)	0.00	0.00	9.21	(12.87)	56.65
XNCR	2.78	(0.42)	0.00	(0.43)	0.00	0.00	6.33	(5.76)	16.84
OCS	2.03	0.62	0.26	1.12	1.66	(2.38)	5.79	(3.08)	16.37
PSNL	4.18	(0.20)	(0.01)	0.01	5.39	(4.23)	10.09	(9.67)	27.29
NKTR	4.52	0.61	0.11	3.95	4.72	(5.14)	8.03	(7.59)	58.13
TNDM	2.84	0.33	0.11	0.80	2.62	(3.61)	5.39	(4.81)	37.48
LFMD	3.53	(0.29)	0.00	0.62	0.00	0.00	8.55	(6.79)	28.11
DNTH	2.78	0.54	0.14	(0.95)	2.59	(3.30)	6.30	(4.89)	22.93
PCRX	2.01	(0.11)	0.00	(0.07)	0.00	0.00	3.14	(5.80)	12.33

Opko Health Corporate Executives

Elected by the shareholders, the Opko Health's board of directors comprises two types of representatives: Opko Health inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Opko. The board's role is to monitor Opko Health's management team and ensure that shareholders' interests are well served. Opko Health'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, Opko Health's outside directors are responsible for providing unbiased perspectives on the board's policies.

Adam Logal

CFO, Chief Accounting Officer, Sr. VP and Treasurer

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