Zynex Correlations
| ZYXI Stock | USD 8.34 0.08 0.97% |
The current 90-days correlation between Zynex Inc and EUDA Health Holdings is 0.05 (i.e., Significant diversification). The correlation of Zynex 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.
Zynex Correlation With Market
Very weak diversification
The correlation between Zynex Inc and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zynex Inc and DJI in the same portfolio, assuming nothing else is changed.
Zynex |
Moving together with Zynex Stock
Moving against Zynex Stock
| 0.43 | FORA | Forian Inc | PairCorr |
| 0.41 | PHG | Koninklijke Philips | PairCorr |
| 0.36 | CVS | CVS Health Corp Aggressive Push | PairCorr |
| 0.33 | AGL | agilon health Buyout Trend | PairCorr |
| 0.36 | A | Agilent Technologies | PairCorr |
| 0.31 | ME | 23Andme Holding | PairCorr |
| 0.4 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.36 | HLN | Haleon plc | PairCorr |
Related Correlations Analysis
| 0.41 | 0.45 | 0.69 | -0.42 | 0.0 | BEAT | ||
| 0.41 | 0.2 | 0.4 | -0.42 | 0.5 | EUDA | ||
| 0.45 | 0.2 | 0.62 | -0.48 | -0.09 | NUTX | ||
| 0.69 | 0.4 | 0.62 | -0.62 | -0.06 | HCTI | ||
| -0.42 | -0.42 | -0.48 | -0.62 | 0.19 | MGRX | ||
| 0.0 | 0.5 | -0.09 | -0.06 | 0.19 | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Zynex Stock performing well and Zynex 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 Zynex'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 | 10.30 | 22.69 | |||
| EUDA | 4.61 | 0.09 | 0.01 | 0.27 | 6.74 | 9.70 | 26.33 | |||
| NUTX | 5.46 | 0.71 | 0.13 | 0.61 | 5.30 | 11.28 | 47.75 | |||
| HCTI | 7.71 | 2.10 | 0.20 | 6.22 | 8.22 | 10.34 | 131.09 | |||
| MGRX | 4.39 | (0.57) | 0.00 | (9.18) | 0.00 | 7.29 | 37.65 | |||
| ACON | 4.36 | (0.46) | 0.00 | (0.07) | 0.00 | 11.11 | 35.83 |
Zynex Corporate Management
| Anna Lucsok | Chief Officer | Profile | |
| Dave Anttila | Director HR | Profile | |
| Daniel Moorhead | Chief Officer | Profile | |
| Daniel CPA | Chief Officer | Profile | |
| Steve Fox | Executive Sales | Profile | |
| Chelle Burkleo | VP Sales | Profile |