Silynxcom Correlations

SYNX Stock

2.65 0.04 1.49%

The current 90-days correlation between Silynxcom and Lipocine is 0.04 (i.e., Significant diversification). The correlation of Silynxcom 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.

Silynxcom Correlation With Market

Good diversification

The correlation between Silynxcom and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silynxcom 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 Silynxcom. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

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

Moving together with Silynxcom Stock

0.82	KO	Coca Cola Aggressive Push	Pair Corr
0.82	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Silynxcom Stock

0.87	BAC	Bank of America Aggressive Push	Pair Corr
0.84	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.83	CWAN	Clearwater Analytics	Pair Corr
0.8	EHGO	Eshallgo Class A	Pair Corr
0.8	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.75	WMT	Walmart Aggressive Push	Pair Corr
0.73	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	HPQ	HP Inc	Pair Corr
0.62	T	ATT Inc Sell-off Trend	Pair Corr
0.61	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.58	ASAN	Asana Inc Sell-off Trend	Pair Corr
0.45	HD	Home Depot	Pair Corr

Related Correlations Analysis

	VALN	NCTY	GNFT	SYRE	LPCN	PLTK	APGE	CRSR
VALN		-0.72	-0.31	-0.31	-0.66	-0.76	-0.12	-0.45	VALN
NCTY	-0.72		0.09	0.26	0.48	0.69	-0.33	0.37	NCTY
GNFT	-0.31	0.09		0.55	0.68	0.01	0.72	0.23	GNFT
SYRE	-0.31	0.26	0.55		0.67	0.3	0.53	0.04	SYRE
LPCN	-0.66	0.48	0.68	0.67		0.41	0.41	0.25	LPCN
PLTK	-0.76	0.69	0.01	0.3	0.41		0.0	0.56	PLTK
APGE	-0.12	-0.33	0.72	0.53	0.41	0.0		0.13	APGE
CRSR	-0.45	0.37	0.23	0.04	0.25	0.56	0.13		CRSR
	VALN	NCTY	GNFT	SYRE	LPCN	PLTK	APGE	CRSR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

APGE	+ 0.72	GNFT
PLTK	+ 0.69	NCTY
LPCN	+ 0.68	GNFT
LPCN	+ 0.67	SYRE
CRSR	+ 0.56	PLTK
SYRE	+ 0.55	GNFT

High negative correlations

PLTK	- 0.76	VALN
NCTY	- 0.72	VALN
LPCN	- 0.66	VALN
CRSR	- 0.45	VALN
APGE	- 0.33	NCTY
SYRE	- 0.31	VALN

Risk-Adjusted Indicators

There is a big difference between Silynxcom Stock performing well and Silynxcom 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 Silynxcom'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
VALN	1.92	(0.86)	0.00	9.65	0.00	0.00	3.20	(5.35)	12.07
NCTY	2.97	0.64	0.18	3.04	2.67	(3.69)	7.11	(3.83)	27.07
GNFT	3.07	(0.02)	(0.01)	0.09	4.69	(3.14)	6.17	(6.81)	30.76
SYRE	2.93	(0.09)	0.02	0.08	3.92	(2.88)	5.30	(6.63)	15.80
LPCN	3.36	0.53	0.10	2.22	3.89	(3.72)	7.08	(6.14)	27.84
PLTK	1.16	0.07	0.03	0.20	1.21	(1.33)	2.33	(2.19)	7.19
APGE	2.78	(0.22)	0.00	(0.10)	0.00	0.00	5.29	(5.21)	18.30
CRSR	2.47	(0.04)	0.04	0.10	2.69	(2.85)	5.25	(3.96)	12.62

Silynxcom Corporate Management

Ronen Hananis	Vice Development	Profile
Michal Efraty	IR Manager	Profile
Ilan Akselrod	Chief Officer	Profile
Elihay Cohen	Vice 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

2024 Macroaxis LLC