Tivic Health Correlations

TIVC Stock

USD 0.29 0.02 7.41%

The current 90-days correlation between Tivic Health Systems and Bluejay Diagnostics is -0.01 (i.e., Good diversification). The correlation of Tivic Health 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.

Tivic Health Correlation With Market

Significant diversification

The correlation between Tivic Health Systems and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tivic Health Systems 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 Tivic Health Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving against Tivic Stock

0.38

AMS

American Shared Hospital

Pair Corr

Related Correlations Analysis

	TLIS	BJDX	HSCS	NUWE	BBLG	INVO	TNON	MOTS	VVOS	RPID
TLIS		0.41	-0.36	0.6	0.69	-0.17	0.7	0.69	-0.82	-0.05	TLIS
BJDX	0.41		0.17	0.45	0.55	-0.01	0.6	0.56	-0.43	-0.22	BJDX
HSCS	-0.36	0.17		-0.47	-0.2	0.04	-0.44	-0.32	0.59	-0.48	HSCS
NUWE	0.6	0.45	-0.47		0.6	-0.2	0.8	0.68	-0.7	0.15	NUWE
BBLG	0.69	0.55	-0.2	0.6		-0.46	0.86	0.69	-0.77	-0.32	BBLG
INVO	-0.17	-0.01	0.04	-0.2	-0.46		-0.34	-0.22	0.27	0.17	INVO
TNON	0.7	0.6	-0.44	0.8	0.86	-0.34		0.79	-0.88	-0.04	TNON
MOTS	0.69	0.56	-0.32	0.68	0.69	-0.22	0.79		-0.74	-0.06	MOTS
VVOS	-0.82	-0.43	0.59	-0.7	-0.77	0.27	-0.88	-0.74		0.07	VVOS
RPID	-0.05	-0.22	-0.48	0.15	-0.32	0.17	-0.04	-0.06	0.07		RPID
	TLIS	BJDX	HSCS	NUWE	BBLG	INVO	TNON	MOTS	VVOS	RPID

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TNON	+ 0.86	BBLG
TNON	+ 0.8	NUWE
MOTS	+ 0.79	TNON
TNON	+ 0.7	TLIS
BBLG	+ 0.69	TLIS
MOTS	+ 0.69	TLIS

High negative correlations

VVOS	- 0.88	TNON
VVOS	- 0.82	TLIS
VVOS	- 0.77	BBLG
VVOS	- 0.74	MOTS
VVOS	- 0.7	NUWE
RPID	- 0.48	HSCS

Risk-Adjusted Indicators

There is a big difference between Tivic Stock performing well and Tivic Health 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 Tivic Health'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
TLIS	4.85	(1.87)	0.00	1.70	0.00	0.00	5.32	(10.69)	68.77
BJDX	9.34	0.26	0.03	0.06	11.88	(10.36)	19.21	(16.37)	120.57
HSCS	3.97	0.11	0.02	(0.31)	4.40	(4.63)	11.19	(7.84)	39.74
NUWE	8.47	0.84	0.08	0.85	10.33	(10.50)	19.66	(20.93)	141.14
BBLG	4.22	(0.60)	0.00	(0.42)	0.00	0.00	10.92	(8.59)	46.68
INVO	5.41	0.43	0.10	0.08	4.82	(9.08)	8.96	(8.75)	105.62
TNON	3.54	(0.83)	0.00	(2.76)	0.00	0.00	5.52	(8.12)	35.55
MOTS	3.80	(0.18)	0.00	0.17	0.00	0.00	9.09	(5.63)	56.89
VVOS	4.07	1.43	0.34	(2.09)	3.15	(4.99)	10.55	(6.67)	20.77
RPID	3.47	0.58	0.13	0.96	3.91	(4.07)	8.77	(6.25)	26.30

Tivic Health Corporate Management

Jennifer Ernst	CEO CoFounder	Profile
Kimberly Bambach	Interim Officer	Profile
Ryan Sabia	Chief Officer	Profile
Blake Gurfein	Chief Officer	Profile
Lisa Wolf	Interim Officer	Profile
Veronica Cai	CFO Sec	Profile
Sanjay Ahuja	VP Affairs	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