ViewRay Correlations
| VRAYDelisted Stock | USD 0.04 0 5.67% |
The current 90-days correlation between ViewRay and Acutus Medical is 0.1 (i.e., Average diversification). The correlation of ViewRay 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.
ViewRay Correlation With Market
Good diversification
The correlation between ViewRay and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ViewRay and DJI in the same portfolio, assuming nothing else is changed.
ViewRay |
Moving together with ViewRay Stock
| 0.78 | BKRKY | Bank Rakyat | PairCorr |
| 0.82 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.74 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.73 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.8 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.8 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against ViewRay Stock
| 0.93 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.92 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.89 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.86 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.85 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.82 | SSNLF | Samsung Electronics | PairCorr |
| 0.78 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.77 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.75 | HPQ | HP Inc | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.46 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.41 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ViewRay Stock performing well and ViewRay 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 ViewRay'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ATEC | 3.62 | 0.95 | 0.21 | 82.59 | 3.29 | 8.49 | 45.41 | |||
| AFIB | 3.77 | 0.29 | 0.01 | (0.19) | 5.03 | 7.78 | 29.93 | |||
| AXGN | 2.25 | 0.05 | 0.02 | 0.17 | 3.70 | 4.73 | 21.60 | |||
| DCTH | 2.63 | 0.10 | 0.03 | 0.24 | 3.22 | 6.49 | 20.21 | |||
| NPCE | 3.44 | 0.30 | 0.13 | 0.26 | 3.01 | 9.73 | 35.38 | |||
| CVRX | 3.84 | 0.75 | 0.16 | 1.49 | 3.48 | 10.68 | 41.08 | |||
| OFIX | 1.86 | 0.03 | 0.04 | 0.15 | 2.06 | 3.90 | 12.11 | |||
| AORT | 1.33 | 0.00 | 0.03 | 0.13 | 1.51 | 2.65 | 9.51 | |||
| HSKA | 1.18 | 0.58 | 0.81 | 3.73 | 0.00 | 3.63 | 21.36 | |||
| ANIK | 1.74 | (0.68) | 0.00 | (0.30) | 0.00 | 3.09 | 34.28 |
View ViewRay Related Equities
| Risk & Return | Correlation |
ViewRay Corporate Management
| Robert McCormack | Chief Officer | Profile | |
| Robert Fuchs | Chief Officer | Profile | |
| Zachary Stassen | Chief Officer | Profile | |
| Martin MD | Chief Officer | Profile | |
| JD Ziegler | Chief Officer | Profile | |
| Karen Hackstaff | VP Marketing | Profile |
Still Interested in ViewRay?
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