Volitionrx Correlations

VNRX Stock

USD 0.79 0.02 2.47%

The current 90-days correlation between Volitionrx and Heartbeam is 0.1 (i.e., Average diversification). The correlation of Volitionrx 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.

Volitionrx Correlation With Market

Significant diversification

The correlation between Volitionrx and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volitionrx 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 Volitionrx. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving against Volitionrx Stock

0.34	EVH	Evolent Health	Pair Corr
0.31	AMN	AMN Healthcare Services	Pair Corr
0.31	ADUS	Addus HomeCare	Pair Corr

Related Correlations Analysis

	BEAT	EUDA	NUTX	HCTI	MGRX	ACON
BEAT		0.41	0.45	0.69	-0.42	0.0	BEAT
EUDA	0.41		0.2	0.4	-0.42	0.5	EUDA
NUTX	0.45	0.2		0.62	-0.48	-0.09	NUTX
HCTI	0.69	0.4	0.62		-0.62	-0.06	HCTI
MGRX	-0.42	-0.42	-0.48	-0.62		0.19	MGRX
ACON	0.0	0.5	-0.09	-0.06	0.19		ACON
	BEAT	EUDA	NUTX	HCTI	MGRX	ACON

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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

HCTI	+ 0.69	BEAT
HCTI	+ 0.62	NUTX
ACON	+ 0.5	EUDA
NUTX	+ 0.45	BEAT
EUDA	+ 0.41	BEAT
HCTI	+ 0.4	EUDA

High negative correlations

MGRX	- 0.62	HCTI
MGRX	- 0.48	NUTX
MGRX	- 0.42	EUDA
MGRX	- 0.42	BEAT
ACON	- 0.09	NUTX
ACON	- 0.06	HCTI

Risk-Adjusted Indicators

There is a big difference between Volitionrx Stock performing well and Volitionrx 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 Volitionrx'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
BEAT	3.32	0.27	0.08	0.34	3.32	(4.20)	10.30	(6.23)	22.69
EUDA	4.61	0.09	0.01	0.27	6.74	(4.52)	9.70	(10.50)	26.33
NUTX	5.46	0.71	0.13	0.61	5.30	(6.29)	11.28	(9.19)	47.75
HCTI	7.71	2.10	0.20	6.22	8.22	(10.58)	10.34	(17.65)	131.09
MGRX	4.39	(0.57)	0.00	(9.18)	0.00	0.00	7.29	(10.11)	37.65
ACON	4.36	(0.46)	0.00	(0.07)	0.00	0.00	11.11	(10.00)	35.83

Volitionrx Corporate Management

Salvatore DVM	Chief LLC	Profile
Scott Powell	Executive Relations	Profile
Gael MBA	Chief Officer	Profile
Gaetan Michel	Chief Officer	Profile
Louise Day	Chief Officer	Profile
Jacob MBA	Chief Officer	Profile

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