Neuronetics Correlations

STIM Stock

USD 1.90 0.09 4.97%

The current 90-days correlation between Neuronetics and Prenetics Global is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neuronetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neuronetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Neuronetics Correlation With Market

Very weak diversification

The correlation between Neuronetics and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuronetics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Neuronetics Stock

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

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

Moving together with Neuronetics Stock

0.67	300061	QITIAN Technology	Pair Corr
0.94	OM	Outset Medical	Pair Corr
0.8	688677	Qingdao NovelBeam	Pair Corr
0.65	688606	Hangzhou Alltest Biotech	Pair Corr
0.79	688289	Sansure Biotech	Pair Corr
0.8	VNRX	Volitionrx	Pair Corr
0.81	VVOS	Vivos Therapeutics	Pair Corr
0.82	OTC	Ocumetics Technology Corp	Pair Corr
0.62	EMBC	Embecta Corp	Pair Corr
0.74	ENOV	Enovis Corp	Pair Corr
0.9	POLX	Polarean Imaging Plc	Pair Corr

Moving against Neuronetics Stock

0.81	SPEC	Inspecs Group plc	Pair Corr
0.74	EW	Edwards Lifesciences Corp	Pair Corr
0.56	688656	HOB Biotech Group	Pair Corr
0.77	BB1	Blinklab	Pair Corr
0.72	ELMD	Electromed	Pair Corr
0.52	BLCO	Bausch Lomb Corp	Pair Corr
0.89	ESTA	Establishment Labs	Pair Corr
0.78	FIGS	Figs Inc Downward Rally	Pair Corr
0.7	ALC	Alcon AG	Pair Corr
0.42	688198	Beijing Balance Medical	Pair Corr
0.41	601089	Beijing Winsunny Pha	Pair Corr
0.41	FEMY	Femasys	Pair Corr

Related Correlations Analysis

	PRE	NYXH	ATLN	OABI	CATX	OSUR	PROF	CDXS	SGMO	GNFT
PRE		0.03	-0.45	0.62	0.33	0.27	0.46	0.02	0.01	0.58	PRE
NYXH	0.03		0.63	-0.39	0.61	0.77	-0.44	0.78	0.79	-0.5	NYXH
ATLN	-0.45	0.63		-0.8	0.17	0.47	-0.63	0.62	0.56	-0.72	ATLN
OABI	0.62	-0.39	-0.8		0.01	-0.16	0.73	-0.47	-0.42	0.83	OABI
CATX	0.33	0.61	0.17	0.01		0.73	-0.19	0.64	0.65	-0.11	CATX
OSUR	0.27	0.77	0.47	-0.16	0.73		-0.27	0.86	0.84	-0.27	OSUR
PROF	0.46	-0.44	-0.63	0.73	-0.19	-0.27		-0.65	-0.64	0.89	PROF
CDXS	0.02	0.78	0.62	-0.47	0.64	0.86	-0.65		0.96	-0.62	CDXS
SGMO	0.01	0.79	0.56	-0.42	0.65	0.84	-0.64	0.96		-0.61	SGMO
GNFT	0.58	-0.5	-0.72	0.83	-0.11	-0.27	0.89	-0.62	-0.61		GNFT
	PRE	NYXH	ATLN	OABI	CATX	OSUR	PROF	CDXS	SGMO	GNFT

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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

SGMO	+ 0.96	CDXS
GNFT	+ 0.89	PROF
CDXS	+ 0.86	OSUR
SGMO	+ 0.84	OSUR
GNFT	+ 0.83	OABI
SGMO	+ 0.79	NYXH

High negative correlations

OABI	- 0.8	ATLN
GNFT	- 0.72	ATLN
CDXS	- 0.65	PROF
SGMO	- 0.64	PROF
PROF	- 0.63	ATLN
GNFT	- 0.62	CDXS

Risk-Adjusted Indicators

There is a big difference between Neuronetics Stock performing well and Neuronetics 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 Neuronetics' 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
PRE	4.32	0.25	0.04	0.34	5.66	(4.53)	8.75	(7.28)	30.22
NYXH	2.49	(0.37)	0.00	(0.20)	0.00	0.00	4.44	(5.42)	18.99
ATLN	6.27	0.61	0.03	(0.08)	7.00	(7.90)	19.07	(13.66)	60.25
OABI	2.72	0.16	0.08	0.19	2.52	(3.64)	7.97	(4.52)	15.52
CATX	4.35	(0.94)	0.00	(5.42)	0.00	0.00	6.25	(8.80)	31.85
OSUR	2.29	(0.37)	0.00	(0.07)	0.00	0.00	5.58	(3.75)	13.27
PROF	3.02	0.41	0.17	0.29	2.75	(4.02)	7.87	(3.80)	21.80
CDXS	3.39	(0.74)	0.00	(0.22)	0.00	0.00	5.52	(6.56)	25.89
SGMO	3.63	(0.90)	0.00	(0.34)	0.00	0.00	7.69	(6.98)	22.61
GNFT	3.21	0.55	0.11	0.65	3.99	(3.65)	7.34	(7.71)	25.18

Neuronetics Corporate Management

MBA CMA	Chief Officer	Profile
Lisa MetznerRosas	Senior Officer	Profile
Andrew Macan	Gen VP	Profile
Claire Sears	VP Marketing	Profile
Rick Grubbs	Senior Accounts	Profile
Cory Anderson	Senior Clinical	Profile
Kara Thornton	VP Director	Profile

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