Perceptive Capital Correlations
PCSC Stock | 10.28 0.02 0.19% |
The current 90-days correlation between Perceptive Capital and Everspin Technologies is -0.04 (i.e., Good diversification). The correlation of Perceptive Capital 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.
Perceptive Capital Correlation With Market
Good diversification
The correlation between Perceptive Capital Solutions and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perceptive Capital Solutions and DJI in the same portfolio, assuming nothing else is changed.
Perceptive |
Moving together with Perceptive Stock
0.8 | V | Visa Class A | PairCorr |
0.63 | AC | Associated Capital | PairCorr |
0.8 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.83 | DX | Dynex Capital | PairCorr |
0.63 | LU | Lufax Holding | PairCorr |
0.79 | LX | Lexinfintech Holdings Upward Rally | PairCorr |
0.66 | MA | Mastercard | PairCorr |
0.87 | DMYY | dMY Squared Technology | PairCorr |
0.79 | DOMH | Dominari Holdings Upward Rally | PairCorr |
0.83 | GCMGW | GCM Grosvenor | PairCorr |
0.82 | DYCQ | DT Cloud Acquisition | PairCorr |
0.79 | VMCA | Valuence Merger Corp | PairCorr |
0.75 | EMCGU | Embrace Change Acqui | PairCorr |
Moving against Perceptive Stock
0.81 | WD | Walker Dunlop | PairCorr |
0.74 | DHIL | Diamond Hill Investment Earnings Call Today | PairCorr |
0.74 | BX | Blackstone Group | PairCorr |
0.74 | WT | WisdomTree | PairCorr |
0.61 | LC | LendingClub Corp | PairCorr |
0.55 | RC | Ready Capital Corp | PairCorr |
0.53 | TW | Tradeweb Markets | PairCorr |
0.36 | SF | Stifel Financial | PairCorr |
0.86 | VRTS | Virtus Investment | PairCorr |
0.47 | LGHLW | Lion Financial Group | PairCorr |
Related Correlations Analysis
-0.29 | -0.35 | 0.67 | 0.2 | 0.57 | SONO | ||
-0.29 | 0.09 | 0.07 | 0.31 | -0.01 | ALNT | ||
-0.35 | 0.09 | -0.49 | -0.32 | -0.22 | MSN | ||
0.67 | 0.07 | -0.49 | 0.42 | 0.77 | CDXS | ||
0.2 | 0.31 | -0.32 | 0.42 | 0.28 | SEE | ||
0.57 | -0.01 | -0.22 | 0.77 | 0.28 | MRAM | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Perceptive Stock performing well and Perceptive Capital 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 Perceptive Capital'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SONO | 1.91 | 0.12 | 0.05 | 0.13 | 2.39 | 4.86 | 13.73 | |||
ALNT | 1.80 | 0.10 | 0.04 | 0.07 | 2.56 | 3.22 | 13.19 | |||
MSN | 3.08 | 0.13 | 0.02 | (2.05) | 3.52 | 6.38 | 33.84 | |||
CDXS | 2.97 | 0.10 | 0.02 | 0.09 | 3.77 | 7.51 | 23.04 | |||
SEE | 1.08 | (0.16) | 0.00 | 1.66 | 0.00 | 1.85 | 5.49 | |||
MRAM | 1.88 | (0.08) | 0.00 | (0.06) | 0.00 | 4.61 | 11.95 |