Sight Sciences Correlations

SGHT Stock

USD 3.76 0.03 0.80%

The current 90-days correlation between Sight Sciences and Si Bone is 0.39 (i.e., Weak diversification). The correlation of Sight Sciences 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sight Sciences Correlation With Market

Poor diversification

The correlation between Sight Sciences and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sight Sciences and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

For more information on how to buy Sight Stock please use our How to Invest in Sight Sciences guide.

Moving together with Sight Stock

0.79	ELAB	Elevai Labs, Common	Pair Corr
0.91	AGL	agilon health	Pair Corr
0.92	TFX	Teleflex Incorporated	Pair Corr
0.96	GCTK	GlucoTrack	Pair Corr
0.89	IDXX	IDEXX Laboratories	Pair Corr
0.67	NVNO	enVVeno Medical Corp	Pair Corr
0.93	ACHC	Acadia Healthcare	Pair Corr
0.79	ADUS	Addus HomeCare	Pair Corr
0.79	AIEV	Thunder Power Holdings, Symbol Change	Pair Corr
0.79	AMED	Amedisys	Pair Corr
0.64	ATPC	Agape ATP	Pair Corr
0.69	SNDA	Sonida Senior Living	Pair Corr
0.71	STSS	Sharps Technology Trending	Pair Corr
0.63	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.87	ME	23Andme Holding	Pair Corr
0.74	VALN	Valneva SE ADR Downward Rally	Pair Corr

Moving against Sight Stock

0.86	WGS	GeneDx Holdings Corp	Pair Corr
0.75	CAH	Cardinal Health	Pair Corr
0.75	VMD	Viemed Healthcare	Pair Corr
0.75	HIMS	Hims Hers Health Upward Rally	Pair Corr
0.55	LH	Laboratory	Pair Corr
0.45	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.71	RDNT	RadNet Inc	Pair Corr
0.61	MMSI	Merit Medical Systems	Pair Corr
0.77	DRUG	Bright Minds Biosciences	Pair Corr
0.76	SABSW	SAB Biotherapeutics	Pair Corr

Related Correlations Analysis

	SIBN	RPID	TCMD	LUNG	AORT	ANIK	OFIX	AVNS	FNA	VREX
SIBN		-0.22	-0.49	0.61	-0.1	0.18	0.29	0.48	0.3	-0.23	SIBN
RPID	-0.22		0.77	-0.3	0.76	-0.87	0.67	-0.82	0.14	0.85	RPID
TCMD	-0.49	0.77		-0.29	0.61	-0.7	0.41	-0.72	0.13	0.66	TCMD
LUNG	0.61	-0.3	-0.29		-0.29	0.29	-0.09	0.54	0.07	-0.45	LUNG
AORT	-0.1	0.76	0.61	-0.29		-0.64	0.57	-0.55	0.06	0.79	AORT
ANIK	0.18	-0.87	-0.7	0.29	-0.64		-0.73	0.88	-0.38	-0.81	ANIK
OFIX	0.29	0.67	0.41	-0.09	0.57	-0.73		-0.55	0.68	0.76	OFIX
AVNS	0.48	-0.82	-0.72	0.54	-0.55	0.88	-0.55		-0.25	-0.81	AVNS
FNA	0.3	0.14	0.13	0.07	0.06	-0.38	0.68	-0.25		0.35	FNA
VREX	-0.23	0.85	0.66	-0.45	0.79	-0.81	0.76	-0.81	0.35		VREX
	SIBN	RPID	TCMD	LUNG	AORT	ANIK	OFIX	AVNS	FNA	VREX

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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

AVNS	+ 0.88	ANIK
VREX	+ 0.85	RPID
VREX	+ 0.79	AORT
TCMD	+ 0.77	RPID
AORT	+ 0.76	RPID
VREX	+ 0.76	OFIX

High negative correlations

ANIK	- 0.87	RPID
AVNS	- 0.82	RPID
VREX	- 0.81	AVNS
VREX	- 0.81	ANIK
OFIX	- 0.73	ANIK
AVNS	- 0.72	TCMD

Risk-Adjusted Indicators

There is a big difference between Sight Stock performing well and Sight Sciences 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 Sight Sciences' 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
SIBN	3.06	(0.34)	0.00	(0.07)	0.00	0.00	6.75	(4.54)	27.00
RPID	2.02	0.36	0.13	0.40	2.22	(2.55)	4.59	(2.70)	24.78
TCMD	1.94	0.21	0.09	0.23	2.50	(2.16)	4.68	(3.29)	15.85
LUNG	3.26	(0.26)	0.00	(0.04)	0.00	0.00	9.00	(6.89)	20.52
AORT	1.31	0.02	0.03	0.10	1.47	(1.45)	2.65	(2.63)	9.51
ANIK	1.76	(0.66)	0.00	(0.31)	0.00	0.00	3.23	(3.35)	34.28
OFIX	1.86	0.11	0.07	0.16	2.02	(2.04)	3.90	(3.85)	12.11
AVNS	1.55	(0.49)	0.00	(0.24)	0.00	0.00	2.67	(2.71)	20.91
FNA	3.85	0.30	0.11	0.18	3.98	(4.39)	7.83	(6.30)	43.16
VREX	2.39	0.28	0.09	0.35	2.93	(2.57)	6.09	(5.05)	18.78

Sight Sciences Corporate Management

MBA BS	VP Operations	Profile
Stacie Rodgers	VP HR	Profile
John Liu	VP Access	Profile
Stephen JD	Secretary	Profile
Reay MD	Chief Officer	Profile
Sam Park	Chief Officer	Profile
John Ordway	VP Operations	Profile

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