Precipio Correlations

PRPO Stock

USD 22.98 0.43 1.84%

The current 90-days correlation between Precipio and Apimeds Pharmaceuticals US, is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Precipio Correlation With Market

Good diversification

The correlation between Precipio and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precipio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Precipio Stock

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

To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.

Moving together with Precipio Stock

0.76	GH	Guardant Health	Pair Corr
0.72	MD	Mednax Inc	Pair Corr
0.68	NPTH	NeuPath Health	Pair Corr
0.73	EHAB	Enhabit	Pair Corr
0.72	IDHC	Integrated Diagnostics	Pair Corr
0.71	FLGT	Fulgent Genetics	Pair Corr
0.77	BKD	Brookdale Senior Living	Pair Corr
0.7	CAH	Cardinal Health	Pair Corr

Moving against Precipio Stock

0.93	600211	Tibet Rhodiola Pharm	Pair Corr
0.85	300015	Aier Eye Hospital	Pair Corr
0.85	CCM	Concord Medical Services	Pair Corr
0.77	301239	Chengdu Bright Eye	Pair Corr
0.73	301293	Sanbo Hospital Management	Pair Corr
0.69	AMN	AMN Healthcare Services	Pair Corr
0.66	AGL	agilon health	Pair Corr
0.64	AMS	American Shared Hospital	Pair Corr
0.61	UNH	UnitedHealth Group CDR	Pair Corr
0.57	IDX	Integral Diagnostics	Pair Corr
0.52	LH	Laboratory	Pair Corr
0.41	CI	Cigna Corp	Pair Corr
0.41	WGRX	Wellgistics Health,	Pair Corr
0.89	IVP	Inspire Veterinary	Pair Corr
0.72	EHC	Encompass Health Corp	Pair Corr
0.72	FMS	Fresenius Medical Care	Pair Corr
0.69	DVA	DaVita HealthCare	Pair Corr
0.69	OMI	Owens Minor	Pair Corr
0.67	PMI	Picard Medical,	Pair Corr
0.55	MOH	Molina Healthcare	Pair Corr
0.49	CHE	Chemed Corp	Pair Corr
0.48	PHA	Premier Health	Pair Corr
0.4	HUM	Humana Inc	Pair Corr

Related Correlations Analysis

	LDDD	APUS	MODD	RBOT	PLUR	MLSS	POCI	STRR	ITRM	INTS
LDDD		0.04	0.92	0.87	0.79	0.78	0.09	0.49	0.85	-0.26	LDDD
APUS	0.04		-0.11	-0.22	-0.12	-0.31	0.42	-0.61	-0.21	0.29	APUS
MODD	0.92	-0.11		0.88	0.83	0.8	0.03	0.51	0.85	-0.38	MODD
RBOT	0.87	-0.22	0.88		0.8	0.91	-0.06	0.58	0.96	-0.32	RBOT
PLUR	0.79	-0.12	0.83	0.8		0.73	0.32	0.37	0.79	-0.37	PLUR
MLSS	0.78	-0.31	0.8	0.91	0.73		-0.18	0.6	0.93	-0.29	MLSS
POCI	0.09	0.42	0.03	-0.06	0.32	-0.18		-0.42	-0.02	-0.04	POCI
STRR	0.49	-0.61	0.51	0.58	0.37	0.6	-0.42		0.51	-0.27	STRR
ITRM	0.85	-0.21	0.85	0.96	0.79	0.93	-0.02	0.51		-0.26	ITRM
INTS	-0.26	0.29	-0.38	-0.32	-0.37	-0.29	-0.04	-0.27	-0.26		INTS
	LDDD	APUS	MODD	RBOT	PLUR	MLSS	POCI	STRR	ITRM	INTS

Please upgrade your account to get full access to Macroaxis premium features

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

ITRM	+ 0.96	RBOT
ITRM	+ 0.93	MLSS
MODD	+ 0.92	LDDD
MLSS	+ 0.91	RBOT
RBOT	+ 0.88	MODD
RBOT	+ 0.87	LDDD

High negative correlations

STRR	- 0.61	APUS
STRR	- 0.42	POCI
INTS	- 0.38	MODD
INTS	- 0.37	PLUR
INTS	- 0.32	RBOT
MLSS	- 0.31	APUS

Risk-Adjusted Indicators

There is a big difference between Precipio Stock performing well and Precipio 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 Precipio'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
LDDD	1.53	(0.83)	0.00	(1.78)	0.00	0.00	0.00	0.00	36.56
APUS	6.25	0.06	0.01	0.10	7.73	(7.80)	15.05	(14.12)	53.45
MODD	4.20	(0.75)	0.00	1.50	0.00	0.00	10.42	(8.11)	45.40
RBOT	4.89	(1.64)	0.00	(0.31)	0.00	0.00	10.39	(9.85)	42.74
PLUR	3.65	(0.67)	0.00	(0.33)	0.00	0.00	9.80	(6.51)	31.25
MLSS	3.87	(0.74)	0.00	(0.67)	0.00	0.00	8.33	(9.52)	28.05
POCI	1.79	(0.08)	0.00	(0.03)	0.00	0.00	3.57	(3.23)	27.89
STRR	1.66	(0.12)	0.00	(0.10)	0.00	0.00	3.21	(4.79)	12.26
ITRM	4.09	(1.42)	0.00	(0.35)	0.00	0.00	7.69	(8.82)	35.34
INTS	13.95	4.69	0.39	12.15	8.90	(22.66)	13.89	(14.04)	433.59

Precipio Corporate Management

Ahmed Sabet	Chief Officer	Profile
Miri ChikoRadomski	Chief Officer	Profile
Keith Meadors	VP Division	Profile
Matthew Gage	Interim Officer	Profile
Ayman MD	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC