Monogram Orthopaedics Correlations

MGRM Stock

2.02 0.02 1.00%

The current 90-days correlation between Monogram Orthopaedics and LithiumBank Resources Corp is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monogram Orthopaedics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monogram Orthopaedics Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Monogram Orthopaedics Correlation With Market

Average diversification

The correlation between Monogram Orthopaedics Common and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monogram Orthopaedics Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monogram Orthopaedics 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 metropolitan statistical area.

Moving together with Monogram Stock

0.62	CI	Cigna Corp	Pair Corr
0.65	VERO	Venus Concept	Pair Corr
0.75	EDAP	EDAP TMS SA	Pair Corr
0.81	EKSO	Ekso Bionics Holdings	Pair Corr
0.83	ELAB	Elevai Labs, Common	Pair Corr
0.74	FLGT	Fulgent Genetics	Pair Corr
0.68	AGL	agilon health	Pair Corr
0.74	ALC	Alcon AG	Pair Corr
0.72	AMN	AMN Healthcare Services	Pair Corr
0.85	BAX	Baxter International	Pair Corr

Moving against Monogram Stock

0.77	ELMD	Electromed	Pair Corr
0.74	MD	Mednax Inc	Pair Corr
0.7	ECOR	Electrocore LLC	Pair Corr
0.68	VREX	Varex Imaging Corp	Pair Corr
0.66	DOCS	Doximity	Pair Corr
0.65	OM	Outset Medical	Pair Corr
0.5	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.5	EUDA	EUDA Health Holdings	Pair Corr
0.45	LH	Laboratory	Pair Corr
0.35	GH	Guardant Health	Pair Corr
0.74	WGS	GeneDx Holdings Corp	Pair Corr
0.69	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.64	VMD	Viemed Healthcare	Pair Corr
0.58	CAH	Cardinal Health	Pair Corr
0.57	FOXO	FOXO Technologies	Pair Corr
0.48	XAIR	Beyond Air	Pair Corr
0.45	SYK	Stryker	Pair Corr
0.36	AMS	American Shared Hospital	Pair Corr

Related Correlations Analysis

	WU	TWI	IRVDF	LBNKF	KALU	APAM	MCVT	IIIN
WU		0.6	0.0	0.85	-0.79	-0.71	0.54	0.44	WU
TWI	0.6		0.0	0.68	-0.41	-0.55	0.81	0.8	TWI
IRVDF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	IRVDF
LBNKF	0.85	0.68	0.0		-0.82	-0.84	0.71	0.48	LBNKF
KALU	-0.79	-0.41	0.0	-0.82		0.88	-0.56	-0.16	KALU
APAM	-0.71	-0.55	0.0	-0.84	0.88		-0.66	-0.35	APAM
MCVT	0.54	0.81	0.0	0.71	-0.56	-0.66		0.65	MCVT
IIIN	0.44	0.8	0.0	0.48	-0.16	-0.35	0.65		IIIN
	WU	TWI	IRVDF	LBNKF	KALU	APAM	MCVT	IIIN

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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

APAM	+ 0.88	KALU
LBNKF	+ 0.85	WU
MCVT	+ 0.81	TWI
IIIN	+ 0.8	TWI
MCVT	+ 0.71	LBNKF
LBNKF	+ 0.68	TWI

High negative correlations

APAM	- 0.84	LBNKF
KALU	- 0.82	LBNKF
KALU	- 0.79	WU
APAM	- 0.71	WU
MCVT	- 0.66	APAM
MCVT	- 0.56	KALU

Risk-Adjusted Indicators

There is a big difference between Monogram Stock performing well and Monogram Orthopaedics 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 Monogram Orthopaedics' 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
WU	0.88	(0.15)	0.00	(0.41)	0.00	0.00	1.84	(2.02)	5.82
TWI	2.39	(0.52)	0.00	(0.05)	0.00	0.00	4.15	(5.01)	16.96
IRVDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBNKF	3.49	(0.83)	0.00	2.27	0.00	0.00	6.67	(8.70)	18.77
KALU	1.66	(0.07)	0.03	0.09	2.00	(1.70)	2.71	(3.24)	14.56
APAM	1.31	0.05	0.08	0.16	1.67	(1.37)	2.52	(2.47)	12.25
MCVT	3.71	(0.58)	0.00	(0.28)	0.00	0.00	7.50	(7.98)	26.63
IIIN	1.62	(0.39)	0.00	(0.12)	0.00	0.00	3.00	(4.53)	11.17

Monogram Orthopaedics Corporate Executives

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

Douglas Unis

Chief Founder

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