Precipio Correlations

PRPO Stock

USD 5.90 0.01 0.17%

The current 90-days correlation between Precipio and Applied DNA Sciences is -0.3 (i.e., Very good 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

Significant diversification

The correlation between Precipio and DJI is 0.05 (i.e., Significant 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.

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 american community survey.

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

Moving together with Precipio Stock

0.64	DRIO	DarioHealth Corp	Pair Corr
0.68	FIGS	Figs Inc	Pair Corr
0.67	AHG	Akso Health Group	Pair Corr

Moving against Precipio Stock

0.7	LH	Laboratory	Pair Corr
0.64	VREX	Varex Imaging Corp	Pair Corr
0.62	GH	Guardant Health	Pair Corr
0.5	VVOS	Vivos Therapeutics	Pair Corr
0.47	MD	Mednax Inc	Pair Corr
0.47	VEEV	Veeva Systems Class	Pair Corr
0.43	DXCM	DexCom Inc	Pair Corr
0.42	ECOR	Electrocore LLC	Pair Corr
0.38	ELMD	Electromed	Pair Corr
0.35	OM	Outset Medical	Pair Corr
0.31	DOCS	Doximity	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr
0.57	ENOV	Enovis Corp	Pair Corr
0.44	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.35	EMBC	Embecta Corp	Pair Corr
0.31	BSX	Boston Scientific Corp	Pair Corr

Related Correlations Analysis

	BDSX	SERA	APDN	OLK	CDNA	CSTL	TWST	NTRA	HTGM	GTH
BDSX		0.37	0.67	-0.9	0.77	-0.21	0.12	-0.74	0.0	-0.06	BDSX
SERA	0.37		0.21	-0.37	0.21	0.41	0.46	-0.58	0.0	0.12	SERA
APDN	0.67	0.21		-0.77	0.53	-0.31	0.13	-0.44	0.0	0.2	APDN
OLK	-0.9	-0.37	-0.77		-0.75	0.31	-0.11	0.68	0.0	0.03	OLK
CDNA	0.77	0.21	0.53	-0.75		-0.45	0.32	-0.41	0.0	-0.32	CDNA
CSTL	-0.21	0.41	-0.31	0.31	-0.45		0.24	-0.14	0.0	0.17	CSTL
TWST	0.12	0.46	0.13	-0.11	0.32	0.24		-0.06	0.0	-0.07	TWST
NTRA	-0.74	-0.58	-0.44	0.68	-0.41	-0.14	-0.06		0.0	-0.02	NTRA
HTGM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HTGM
GTH	-0.06	0.12	0.2	0.03	-0.32	0.17	-0.07	-0.02	0.0		GTH
	BDSX	SERA	APDN	OLK	CDNA	CSTL	TWST	NTRA	HTGM	GTH

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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

CDNA	+ 0.77	BDSX
NTRA	+ 0.68	OLK
APDN	+ 0.67	BDSX
CDNA	+ 0.53	APDN
TWST	+ 0.46	SERA
CSTL	+ 0.41	SERA

High negative correlations

OLK	- 0.9	BDSX
OLK	- 0.77	APDN
CDNA	- 0.75	OLK
NTRA	- 0.74	BDSX
NTRA	- 0.58	SERA
CSTL	- 0.45	CDNA

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
BDSX	2.60	(0.37)	0.00	3.86	0.00	0.00	5.66	(5.61)	29.48
SERA	3.79	(0.44)	0.00	(0.04)	0.00	0.00	9.55	(7.61)	27.67
APDN	7.53	(3.51)	0.00	(4.03)	0.00	0.00	10.69	(21.05)	65.66
OLK	0.63	0.19	0.06	(1.03)	0.48	(0.76)	1.58	(1.37)	4.37
CDNA	2.55	(0.46)	0.00	(0.34)	0.00	0.00	4.17	(6.01)	24.22
CSTL	2.38	(0.10)	(0.03)	0.03	2.80	(2.75)	4.85	(4.38)	19.49
TWST	3.11	(0.15)	0.01	0.06	3.82	(3.20)	8.94	(6.21)	17.59
NTRA	2.34	0.37	0.14	0.48	2.31	(2.61)	4.30	(3.75)	25.26
HTGM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTH	1.87	(0.01)	(0.03)	0.07	2.49	(2.24)	3.45	(4.08)	14.43

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

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