Catheter Precision Correlations

VTAK Stock

0.39 0.01 2.63%

The current 90-days correlation between Catheter Precision and GE Vernova LLC is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Catheter Precision moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Catheter Precision moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Catheter Precision Correlation With Market

Significant diversification

The correlation between Catheter Precision and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catheter Precision 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 Catheter Precision. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

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

Moving against Catheter Stock

0.45	CRVL	CorVel Corp	Pair Corr
0.32	LLY	Eli Lilly	Pair Corr

Related Correlations Analysis

	GEV	JELD	ENLT	HURC	CPAC	NRG	ENIC	EDN
GEV		-0.29	0.27	0.01	-0.04	0.85	0.52	-0.36	GEV
JELD	-0.29		-0.55	0.54	0.57	-0.06	-0.56	-0.15	JELD
ENLT	0.27	-0.55		-0.29	-0.52	0.2	0.31	0.23	ENLT
HURC	0.01	0.54	-0.29		0.41	0.35	0.01	-0.29	HURC
CPAC	-0.04	0.57	-0.52	0.41		0.2	0.03	-0.02	CPAC
NRG	0.85	-0.06	0.2	0.35	0.2		0.56	-0.33	NRG
ENIC	0.52	-0.56	0.31	0.01	0.03	0.56		-0.01	ENIC
EDN	-0.36	-0.15	0.23	-0.29	-0.02	-0.33	-0.01		EDN
	GEV	JELD	ENLT	HURC	CPAC	NRG	ENIC	EDN

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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

NRG	+ 0.85	GEV
CPAC	+ 0.57	JELD
ENIC	+ 0.56	NRG
HURC	+ 0.54	JELD
ENIC	+ 0.52	GEV
CPAC	+ 0.41	HURC

High negative correlations

ENIC	- 0.56	JELD
ENLT	- 0.55	JELD
CPAC	- 0.52	ENLT
EDN	- 0.36	GEV
EDN	- 0.33	NRG
EDN	- 0.29	HURC

Risk-Adjusted Indicators

There is a big difference between Catheter Stock performing well and Catheter Precision 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 Catheter Precision'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
GEV	2.66	0.19	0.04	0.26	4.55	(2.70)	4.95	(4.04)	26.53
JELD	2.23	(0.30)	0.00	(0.22)	0.00	0.00	4.69	(5.23)	16.26
ENLT	1.84	0.13	0.06	0.35	2.27	(1.93)	4.06	(3.92)	12.04
HURC	2.00	0.05	0.02	0.06	2.35	(1.95)	3.11	(3.55)	14.38
CPAC	1.46	0.07	0.04	(0.29)	1.67	(1.58)	3.08	(2.59)	10.27
NRG	2.03	0.21	0.07	0.26	2.81	(2.25)	4.40	(2.93)	23.36
ENIC	1.17	0.29	0.15	0.68	1.69	(1.26)	2.42	(3.06)	6.95
EDN	3.24	0.41	0.10	1.02	3.81	(3.75)	7.57	(6.38)	22.40

Catheter Precision Corporate Management

Patricia Kennedy	Chief Officer	Profile
Philip Anderson	Chief Officer	Profile
Missiaen Huck	Chief Officer	Profile
Margrit CPA	Controller Secretary	Profile
MarieClaude Jacques	Chief Officer	Profile

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