Spectrascience New Correlations
| SCIEDelisted Stock | USD 1.42 0.00 0.00% |
The correlation of Spectrascience New 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.
Spectrascience New Correlation With Market
Poor diversification
The correlation between Spectrascience New and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spectrascience New and DJI in the same portfolio, assuming nothing else is changed.
Spectrascience |
Moving together with Spectrascience Stock
| 0.65 | BKRKY | Bank Rakyat Earnings Call Tomorrow | PairCorr |
| 0.88 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.8 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.87 | MZHOF | Mizuho Financial | PairCorr |
| 0.82 | CAPL | Crossamerica Partners | PairCorr |
| 0.72 | BKCYF | Bank Of Cyprus Holdings P Normal Trading | PairCorr |
| 0.79 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.73 | OXY | Occidental Petroleum Aggressive Push | PairCorr |
| 0.82 | ABCB | Ameris Bancorp | PairCorr |
| 0.88 | CGON | CG Oncology Common | PairCorr |
| 0.87 | SBKO | Summit Bank Group | PairCorr |
| 0.85 | BNL | Broadstone Net Lease | PairCorr |
| 0.88 | ESCA | Escalade Incorporated | PairCorr |
| 0.82 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.89 | TWMIF | Tidewater Midstream and Earnings Call Next Week | PairCorr |
| 0.83 | GEL | Genesis Energy LP | PairCorr |
| 0.86 | NTRSO | Northern Trust | PairCorr |
| 0.61 | POGS | Pioneer Oil Gas | PairCorr |
| 0.94 | SOJE | Southern Company | PairCorr |
| 0.91 | CMI | Cummins | PairCorr |
| 0.77 | GL-PD | Globe Life 425 | PairCorr |
| 0.88 | TDY | Teledyne Technologies | PairCorr |
| 0.82 | GRBK | Green Brick Partners | PairCorr |
| 0.77 | ALFVF | Alfa Laval AB | PairCorr |
| 0.74 | MEEEF | Metal Energy Corp | PairCorr |
| 0.88 | VHI | Valhi Inc Earnings Call Next Week | PairCorr |
Moving against Spectrascience Stock
| 0.79 | PBCRY | Bank Central Asia | PairCorr |
| 0.45 | EYPT | Eyepoint Pharmaceuticals Earnings Call Next Week | PairCorr |
| 0.31 | RVTI | Rival Technologies | PairCorr |
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 Spectrascience Stock performing well and Spectrascience New 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 Spectrascience New'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STBV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTTX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNDZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIVE | 28.76 | 13.70 | 0.00 | (1.16) | 0.00 | 50.00 | 877.78 | |||
| IMRSQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CALA | 22.99 | 6.57 | 0.09 | (0.81) | 20.97 | 100.00 | 280.00 | |||
| MSGP | 7.84 | 3.43 | 0.00 | 0.61 | 0.00 | 0.00 | 200.00 | |||
| DMSI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IYXI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARNI | 2.98 | 1.21 | 0.00 | 0.46 | 0.00 | 0.00 | 100.00 |
Spectrascience New 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 Spectrascience New stock to make a market-neutral strategy. Peer analysis of Spectrascience New could also be used in its relative valuation, which is a method of valuing Spectrascience New by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Spectrascience New Corporate Executives
Elected by the shareholders, the Spectrascience New's board of directors comprises two types of representatives: Spectrascience New inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Spectrascience. The board's role is to monitor Spectrascience New's management team and ensure that shareholders' interests are well served. Spectrascience New'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, Spectrascience New's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lowell Giffhorn | CFO, Principal Accounting Officer and Secretary | Profile |
Still Interested in Spectrascience New?
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