Femasys Correlations

FEMY Stock

USD 1.04 0.02 1.89%

The current 90-days correlation between Femasys and Precision Optics, is -0.19 (i.e., Good diversification). The correlation of Femasys 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.

Femasys Correlation With Market

Modest diversification

The correlation between Femasys and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Femasys 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 Femasys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving against Femasys Stock

0.58	UNH	UnitedHealth Group Fiscal Year End 10th of January 2025	Pair Corr
0.51	CAH	Cardinal Health	Pair Corr
0.37	LH	Laboratory	Pair Corr
0.32	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.6	TMCI	Treace Medical Concepts	Pair Corr
0.49	MMSI	Merit Medical Systems	Pair Corr
0.49	CTKB	Cytek Biosciences	Pair Corr
0.45	RDNT	RadNet Inc	Pair Corr
0.44	ATEC	Alphatec Holdings Buyout Trend	Pair Corr
0.43	HSCSW	Heart Test Laboratories	Pair Corr
0.37	DYAI	Dyadic International	Pair Corr

Related Correlations Analysis

	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY
POCI		0.08	-0.02	0.49	0.49	-0.13	0.51	-0.27	0.08	POCI
KRMD	0.08		0.84	-0.19	-0.56	0.86	-0.62	0.63	-0.64	KRMD
INFU	-0.02	0.84		0.05	-0.69	0.85	-0.52	0.58	-0.64	INFU
UTMD	0.49	-0.19	0.05		0.28	-0.12	0.56	-0.19	0.13	UTMD
MLSS	0.49	-0.56	-0.69	0.28		-0.76	0.63	-0.38	0.56	MLSS
PDEX	-0.13	0.86	0.85	-0.12	-0.76		-0.64	0.51	-0.72	PDEX
CLPBY	0.51	-0.62	-0.52	0.56	0.63	-0.64		-0.48	0.26	CLPBY
OPSSF	-0.27	0.63	0.58	-0.19	-0.38	0.51	-0.48		-0.54	OPSSF
SAUHY	0.08	-0.64	-0.64	0.13	0.56	-0.72	0.26	-0.54		SAUHY
	POCI	KRMD	INFU	UTMD	MLSS	PDEX	CLPBY	OPSSF	SAUHY

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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

PDEX	+ 0.86	KRMD
PDEX	+ 0.85	INFU
INFU	+ 0.84	KRMD
OPSSF	+ 0.63	KRMD
CLPBY	+ 0.63	MLSS
OPSSF	+ 0.58	INFU

High negative correlations

PDEX	- 0.76	MLSS
SAUHY	- 0.72	PDEX
MLSS	- 0.69	INFU
CLPBY	- 0.64	PDEX
SAUHY	- 0.64	INFU
SAUHY	- 0.64	KRMD

Risk-Adjusted Indicators

There is a big difference between Femasys Stock performing well and Femasys 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 Femasys' 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
POCI	3.51	0.01	0.00	0.13	4.10	(4.14)	7.48	(6.99)	18.59
KRMD	2.62	0.79	0.21	(395.07)	2.32	(3.07)	6.37	(4.40)	18.56
INFU	2.95	0.36	0.13	0.33	2.75	(3.40)	6.79	(4.81)	22.10
UTMD	0.71	(0.17)	0.00	(0.08)	0.00	0.00	1.12	(1.82)	7.07
MLSS	3.33	0.00	0.00	0.12	3.60	(4.72)	9.68	(7.89)	27.59
PDEX	4.14	1.27	0.24	0.91	4.44	(4.69)	10.44	(9.00)	30.21
CLPBY	1.14	(0.19)	0.00	(0.53)	0.00	0.00	1.96	(2.63)	5.64
OPSSF	2.43	0.19	0.04	0.81	2.41	(3.45)	5.50	(4.58)	19.98
SAUHY	1.73	(0.26)	0.00	(0.39)	0.00	0.00	3.19	(4.38)	12.55

Femasys Corporate Management

Steven Damon	VP Devel	Profile
James MD	Chief Officer	Profile
Richard Spector	Chief Officer	Profile
Christine Thomas	Senior Affairs	Profile
Dov Elefant	Chief Officer	Profile
Todd MBA	Chief Advisor	Profile

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