Electrocore LLC Correlations

ECOR Stock

USD 12.25 0.79 6.89%

The current 90-days correlation between Electrocore LLC and STRATA Skin Sciences is 0.02 (i.e., Significant diversification). The correlation of Electrocore LLC 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.

Electrocore LLC Correlation With Market

Good diversification

The correlation between Electrocore LLC 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 Electrocore LLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electrocore LLC. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.

Moving together with Electrocore Stock

0.61	LH	Laboratory	Pair Corr
0.75	VREX	Varex Imaging Corp	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr
0.62	CAH	Cardinal Health	Pair Corr
0.82	VMD	Viemed Healthcare	Pair Corr
0.92	WGS	GeneDx Holdings Corp	Pair Corr
0.81	LNSR	LENSAR Inc	Pair Corr
0.73	OMIC	Singular Genomics Systems	Pair Corr
0.61	RDNT	RadNet Inc	Pair Corr
0.75	ALHC	Alignment Healthcare LLC	Pair Corr
0.65	ATEC	Alphatec Holdings Buyout Trend	Pair Corr

Moving against Electrocore Stock

0.91	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.87	CNC	Centene Corp Sell-off Trend	Pair Corr
0.84	CI	Cigna Corp	Pair Corr
0.83	TFX	Teleflex Incorporated	Pair Corr
0.79	GCTK	GlucoTrack	Pair Corr
0.76	ZJYL	JIN MEDICAL INTERNATIONAL	Pair Corr
0.66	XTNT	Xtant Medical Holdings	Pair Corr
0.56	AHG	Akso Health Group	Pair Corr
0.56	MASS	908 Devices	Pair Corr
0.55	MOH	Molina Healthcare	Pair Corr
0.53	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.47	XYLO	Xylo Technologies Symbol Change	Pair Corr
0.9	TNDM	Tandem Diabetes Care	Pair Corr
0.73	MXCT	MaxCyte	Pair Corr
0.68	VALN	Valneva SE ADR	Pair Corr
0.63	ACET	Adicet Bio Buyout Trend	Pair Corr
0.63	ERNA	Eterna Therapeutics	Pair Corr
0.56	A	Agilent Technologies	Pair Corr
0.52	NEOG	Neogen Sell-off Trend	Pair Corr
0.47	VRAX	Virax Biolabs Group	Pair Corr
0.43	SNDA	Sonida Senior Living	Pair Corr
0.38	CMAXW	CareMax	Pair Corr

Related Correlations Analysis

	SSKN	SGHT	DYNT	AZYO	NPCE	IRIX	NVNO	PETV	TLIS	TNON
SSKN		0.08	-0.01	-0.14	0.24	0.29	0.55	0.52	-0.06	-0.04	SSKN
SGHT	0.08		0.84	-0.49	-0.54	0.55	0.65	0.51	0.87	0.71	SGHT
DYNT	-0.01	0.84		-0.17	-0.6	0.46	0.56	0.32	0.77	0.74	DYNT
AZYO	-0.14	-0.49	-0.17		-0.01	-0.37	-0.44	-0.39	-0.4	-0.23	AZYO
NPCE	0.24	-0.54	-0.6	-0.01		0.24	0.05	-0.19	-0.6	-0.39	NPCE
IRIX	0.29	0.55	0.46	-0.37	0.24		0.8	0.42	0.42	0.41	IRIX
NVNO	0.55	0.65	0.56	-0.44	0.05	0.8		0.66	0.46	0.51	NVNO
PETV	0.52	0.51	0.32	-0.39	-0.19	0.42	0.66		0.29	0.23	PETV
TLIS	-0.06	0.87	0.77	-0.4	-0.6	0.42	0.46	0.29		0.56	TLIS
TNON	-0.04	0.71	0.74	-0.23	-0.39	0.41	0.51	0.23	0.56		TNON
	SSKN	SGHT	DYNT	AZYO	NPCE	IRIX	NVNO	PETV	TLIS	TNON

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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

TLIS	+ 0.87	SGHT
DYNT	+ 0.84	SGHT
NVNO	+ 0.8	IRIX
TLIS	+ 0.77	DYNT
TNON	+ 0.74	DYNT
TNON	+ 0.71	SGHT

High negative correlations

TLIS	- 0.6	NPCE
NPCE	- 0.6	DYNT
NPCE	- 0.54	SGHT
AZYO	- 0.49	SGHT
NVNO	- 0.44	AZYO
TLIS	- 0.4	AZYO

Risk-Adjusted Indicators

There is a big difference between Electrocore Stock performing well and Electrocore LLC 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 Electrocore LLC'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
SSKN	2.99	0.00	(0.02)	0.12	3.81	(3.14)	7.72	(7.20)	20.44
SGHT	3.05	(0.64)	0.00	0.94	0.00	0.00	6.65	(7.84)	18.22
DYNT	5.03	(0.60)	0.00	0.75	0.00	0.00	7.50	(12.77)	69.48
AZYO	3.96	0.77	0.13	(0.72)	3.84	(5.00)	8.44	(7.23)	30.62
NPCE	3.46	0.18	0.10	0.20	3.15	(4.25)	9.73	(6.19)	35.38
IRIX	2.58	0.04	0.00	0.04	0.00	0.00	4.76	(5.33)	40.39
NVNO	2.79	(0.78)	0.00	(1.18)	0.00	0.00	4.22	(5.59)	33.20
PETV	3.38	(0.20)	0.00	0.31	0.00	0.00	8.21	(6.96)	29.17
TLIS	4.85	(1.76)	0.00	1.63	0.00	0.00	5.32	(10.69)	68.77
TNON	8.09	(0.07)	(0.02)	(0.01)	7.78	(14.05)	34.08	(16.00)	90.53

Electrocore LLC Corporate Management

Joshua Lev	Chief Officer	Profile
Jackie Dorsky	VP Marketing	Profile
Manuel Marques	Senior Operations	Profile
Carrie Kochek	Senior Resources	Profile
Donald Melnikoff	Regulatory Engineering	Profile
Michael Mansfield	Vice Marketing	Profile

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