Autonomix Medical, Correlations

AMIX Stock

3.35 0.18 5.10%

The current 90-days correlation between Autonomix Medical, Common and NetSol Technologies is -0.16 (i.e., Good diversification). The correlation of Autonomix Medical, 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.

Autonomix Medical, Correlation With Market

Good diversification

The correlation between Autonomix Medical, Common and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Autonomix Medical, Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autonomix Medical, Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Autonomix Stock

0.76	EDAP	EDAP TMS SA	Pair Corr
0.7	EKSO	Ekso Bionics Holdings	Pair Corr
0.61	DHR	Danaher	Pair Corr
0.62	TFX	Teleflex Incorporated	Pair Corr
0.63	XTNT	Xtant Medical Holdings	Pair Corr
0.71	GCTK	GlucoTrack	Pair Corr

Moving against Autonomix Stock

0.81	OM	Outset Medical	Pair Corr
0.75	DXCM	DexCom Inc	Pair Corr
0.73	VREX	Varex Imaging Corp	Pair Corr
0.69	DOCS	Doximity	Pair Corr
0.64	GH	Guardant Health	Pair Corr
0.63	ECOR	Electrocore LLC	Pair Corr
0.62	EW	Edwards Lifesciences Corp	Pair Corr
0.61	VVOS	Vivos Therapeutics	Pair Corr
0.58	MD	Mednax Inc	Pair Corr
0.56	VEEV	Veeva Systems Class Downward Rally	Pair Corr
0.54	DH	Definitive Healthcare	Pair Corr
0.52	LH	Laboratory	Pair Corr
0.6	CAH	Cardinal Health	Pair Corr
0.48	HAE	Haemonetics	Pair Corr
0.47	XAIR	Beyond Air	Pair Corr
0.47	DGX	Quest Diagnostics	Pair Corr
0.47	PMD	Psychemedics	Pair Corr
0.35	ENZ	Enzo Biochem	Pair Corr
0.88	HIMS	Hims Hers Health	Pair Corr
0.73	MYND	Myndai, Symbol Change	Pair Corr
0.65	LNSR	LENSAR Inc	Pair Corr
0.64	WGS	GeneDx Holdings Corp	Pair Corr

Related Correlations Analysis

	NTWK	KSPI	GOCO	KNSL	BILL	TRUP	SPNT
NTWK		-0.14	0.0	-0.43	-0.46	0.13	-0.7	NTWK
KSPI	-0.14		-0.17	-0.07	-0.04	0.12	-0.03	KSPI
GOCO	0.0	-0.17		0.13	0.65	0.72	0.29	GOCO
KNSL	-0.43	-0.07	0.13		0.71	0.26	0.81	KNSL
BILL	-0.46	-0.04	0.65	0.71		0.61	0.84	BILL
TRUP	0.13	0.12	0.72	0.26	0.61		0.3	TRUP
SPNT	-0.7	-0.03	0.29	0.81	0.84	0.3		SPNT
	NTWK	KSPI	GOCO	KNSL	BILL	TRUP	SPNT

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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

SPNT	+ 0.84	BILL
SPNT	+ 0.81	KNSL
TRUP	+ 0.72	GOCO
BILL	+ 0.71	KNSL
BILL	+ 0.65	GOCO
TRUP	+ 0.61	BILL

High negative correlations

SPNT	- 0.7	NTWK
BILL	- 0.46	NTWK
KNSL	- 0.43	NTWK
GOCO	- 0.17	KSPI
KSPI	- 0.14	NTWK
KNSL	- 0.07	KSPI

Risk-Adjusted Indicators

There is a big difference between Autonomix Stock performing well and Autonomix Medical, 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 Autonomix Medical,'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
NTWK	1.64	(0.09)	(0.03)	0.03	2.50	(1.68)	3.13	(3.88)	13.18
KSPI	2.10	(0.18)	0.00	(0.27)	0.00	0.00	4.60	(3.17)	18.45
GOCO	3.36	0.77	0.18	(2.19)	3.08	(4.08)	8.03	(5.47)	17.48
KNSL	1.44	(0.04)	0.01	0.08	1.97	(1.57)	2.78	(2.97)	9.90
BILL	2.26	0.55	0.35	0.35	1.44	(2.75)	6.14	(3.03)	22.40
TRUP	2.35	0.30	0.09	0.50	2.90	(2.60)	5.13	(3.89)	14.74
SPNT	1.31	(0.05)	0.02	0.08	1.62	(1.46)	2.68	(2.74)	13.03

Autonomix Medical, Corporate Executives

Elected by the shareholders, the Autonomix Medical,'s board of directors comprises two types of representatives: Autonomix Medical, inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Autonomix. The board's role is to monitor Autonomix Medical,'s management team and ensure that shareholders' interests are well served. Autonomix Medical,'s inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Autonomix Medical,'s outside directors are responsible for providing unbiased perspectives on the board's policies.

	Robert MD	CoFounder Officer	Profile
	Landy Toth	CoFounder Officer	Profile

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