OptiNose Correlations
| OPTNDelisted Stock | USD 9.60 0.07 0.72% |
The current 90-days correlation between OptiNose and Zomedica Pharmaceuticals Corp is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OptiNose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OptiNose moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
OptiNose Correlation With Market
Poor diversification
The correlation between OptiNose and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OptiNose and DJI in the same portfolio, assuming nothing else is changed.
OptiNose |
Moving together with OptiNose Stock
| 0.7 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.69 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.78 | MZHOF | Mizuho Financial | PairCorr |
| 0.61 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.74 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.64 | OXY | Occidental Petroleum | PairCorr |
| 0.74 | CGON | CG Oncology Common | PairCorr |
| 0.86 | SBKO | Summit Bank Group | PairCorr |
| 0.78 | BNL | Broadstone Net Lease | PairCorr |
| 0.89 | ESCA | Escalade Incorporated | PairCorr |
| 0.8 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.7 | TWMIF | Tidewater Midstream and Earnings Call This Week | PairCorr |
| 0.68 | GEL | Genesis Energy LP | PairCorr |
| 0.83 | NTRSO | Northern Trust | PairCorr |
| 0.77 | SOJE | Southern Company | PairCorr |
| 0.83 | CMI | Cummins | PairCorr |
| 0.72 | GL-PD | Globe Life 425 | PairCorr |
| 0.76 | TDY | Teledyne Technologies | PairCorr |
| 0.64 | GRBK | Green Brick Partners | PairCorr |
| 0.67 | ALFVF | Alfa Laval AB | PairCorr |
| 0.67 | MEEEF | Metal Energy Corp | PairCorr |
| 0.68 | CCL | Carnival | PairCorr |
| 0.63 | FMFP | First Community Financial | PairCorr |
| 0.69 | VHI | Valhi Inc Earnings Call This Week | PairCorr |
Moving against OptiNose Stock
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between OptiNose Stock performing well and OptiNose 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 OptiNose'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZOM | 6.51 | (0.49) | 0.00 | (1.21) | 0.00 | 14.93 | 60.67 | |||
| FVE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| UPXI | 6.60 | (1.64) | 0.00 | (0.32) | 0.00 | 13.69 | 49.22 | |||
| SCTL | 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 | |||
| PROC | 1.42 | (0.32) | 0.00 | (0.65) | 0.00 | 0.00 | 50.89 | |||
| MIRO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASXC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AADI | 4.07 | (0.02) | 0.00 | 0.14 | 0.00 | 6.76 | 62.23 | |||
| ZYNE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
OptiNose Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with OptiNose stock to make a market-neutral strategy. Peer analysis of OptiNose could also be used in its relative valuation, which is a method of valuing OptiNose by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
OptiNose Corporate Management
| Anthony Krick | Vice Officer | Profile | |
| Michele MBA | VP CFO | Profile | |
| Terence Kohler | Chief Officer | Profile | |
| Paul Spence | Chief Officer | Profile | |
| John Messina | Sr Affairs | Profile | |
| Karen Brophy | Chief Resources | Profile |
Still Interested in OptiNose?
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