Aspira Womens Correlations

AWH Stock

USD 0.81 0.05 6.58%

The current 90-days correlation between Aspira Womens Health and Electrocore LLC is 0.15 (i.e., Average diversification). The correlation of Aspira Womens 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.

Aspira Womens Correlation With Market

Average diversification

The correlation between Aspira Womens Health and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aspira Womens Health 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 Aspira Womens Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Aspira Stock

0.77

AIMD

Ainos Inc

Pair Corr

Moving against Aspira Stock

0.59	ELMD	Electromed	Pair Corr
0.55	DOCS	Doximity Sell-off Trend	Pair Corr
0.5	OM	Outset Medical	Pair Corr
0.36	GH	Guardant Health	Pair Corr
0.32	MD	Mednax Inc	Pair Corr
0.66	PODD	Insulet	Pair Corr
0.58	BSX	Boston Scientific Corp	Pair Corr
0.52	MMSI	Merit Medical Systems	Pair Corr
0.45	SYK	Stryker	Pair Corr
0.41	NPCE	Neuropace	Pair Corr
0.39	LNSR	LENSAR Inc	Pair Corr
0.35	WGS	GeneDx Holdings Corp	Pair Corr
0.33	FNA	Paragon 28	Pair Corr
0.5	TCMD	Tactile Systems Tech	Pair Corr

Related Correlations Analysis

	ECOR	EVGN	EOLS	OCX
ECOR		-0.82	-0.49	-0.55	ECOR
EVGN	-0.82		0.64	0.72	EVGN
EOLS	-0.49	0.64		0.68	EOLS
OCX	-0.55	0.72	0.68		OCX
	ECOR	EVGN	EOLS	OCX

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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

OCX	+ 0.72	EVGN
OCX	+ 0.68	EOLS
EOLS	+ 0.64	EVGN

High negative correlations

EVGN	- 0.82	ECOR
OCX	- 0.55	ECOR
EOLS	- 0.49	ECOR

Risk-Adjusted Indicators

There is a big difference between Aspira Stock performing well and Aspira Womens 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 Aspira Womens' 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
ECOR	3.62	1.31	0.22	(1.81)	4.30	(4.52)	10.06	(5.49)	31.25
EVGN	3.76	(1.05)	0.00	(3.48)	0.00	0.00	7.50	(6.91)	36.00
EOLS	2.53	(0.25)	0.00	(0.19)	0.00	0.00	5.06	(4.70)	22.78
OCX	2.34	(0.35)	0.00	(6.96)	0.00	0.00	4.59	(4.76)	18.12

Aspira Womens Corporate Management

Michelle Snider	Senior Operations	Profile
Ryan MD	Chief Officer	Profile
Emily Granger	Director Marketing	Profile
Robert CPA	Chief Officer	Profile
Michael Newton	VP Commercial	Profile
Marlene McLennan	Interim Officer	Profile

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