OneMedNet Corp Correlations

ONMDW Stock

0.04 0.02 150.62%

The current 90-days correlation between OneMedNet Corp and Amgen Inc is 0.14 (i.e., Average diversification). The correlation of OneMedNet Corp 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.

OneMedNet Corp Correlation With Market

Average diversification

The correlation between OneMedNet Corp and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OneMedNet Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OneMedNet Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

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

Moving together with OneMedNet Stock

0.81	VERO	Venus Concept	Pair Corr
0.68	DRIO	DarioHealth Corp	Pair Corr
0.79	EKSO	Ekso Bionics Holdings	Pair Corr
0.71	ELAB	Elevai Labs, Common Buyout Trend	Pair Corr
0.88	AGL	agilon health	Pair Corr
0.84	ALC	Alcon AG	Pair Corr
0.72	AMN	AMN Healthcare Services Sell-off Trend	Pair Corr
0.74	BAX	Baxter International	Pair Corr

Moving against OneMedNet Stock

0.82	MD	Mednax Inc	Pair Corr
0.79	ECOR	Electrocore LLC	Pair Corr
0.76	ELMD	Electromed	Pair Corr
0.74	VREX	Varex Imaging Corp	Pair Corr
0.67	LH	Laboratory	Pair Corr
0.64	DXCM	DexCom Inc	Pair Corr
0.58	DOCS	Doximity	Pair Corr
0.58	EUDA	EUDA Health Holdings	Pair Corr
0.57	GH	Guardant Health	Pair Corr
0.54	EW	Edwards Lifesciences Corp	Pair Corr
0.54	VEEV	Veeva Systems Class	Pair Corr
0.51	OM	Outset Medical	Pair Corr
0.46	ENOV	Enovis Corp	Pair Corr
0.4	VVOS	Vivos Therapeutics	Pair Corr
0.37	EMBC	Embecta Corp	Pair Corr
0.71	BSX	Boston Scientific Corp	Pair Corr
0.67	COR	Cencora	Pair Corr
0.66	XAIR	Beyond Air	Pair Corr
0.66	CAH	Cardinal Health	Pair Corr
0.58	FOXO	FOXO Technologies	Pair Corr
0.48	ABT	Abbott Laboratories Fiscal Year End 22nd of January 2025	Pair Corr
0.32	AMS	American Shared Hospital	Pair Corr

Related Correlations Analysis

	AMGN	GNTX	PCAR	CRSR	CAOHF	CAH	BYD	JYNT
AMGN		-0.13	-0.65	-0.48	0.0	-0.68	-0.76	0.08	AMGN
GNTX	-0.13		0.35	0.28	0.0	0.2	0.54	0.52	GNTX
PCAR	-0.65	0.35		0.61	0.0	0.89	0.86	0.4	PCAR
CRSR	-0.48	0.28	0.61		0.0	0.61	0.57	0.4	CRSR
CAOHF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CAOHF
CAH	-0.68	0.2	0.89	0.61	0.0		0.8	0.35	CAH
BYD	-0.76	0.54	0.86	0.57	0.0	0.8		0.36	BYD
JYNT	0.08	0.52	0.4	0.4	0.0	0.35	0.36		JYNT
	AMGN	GNTX	PCAR	CRSR	CAOHF	CAH	BYD	JYNT

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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

CAH	+ 0.89	PCAR
BYD	+ 0.86	PCAR
BYD	+ 0.8	CAH
CRSR	+ 0.61	PCAR
CAH	+ 0.61	CRSR
BYD	+ 0.57	CRSR

High negative correlations

BYD	- 0.76	AMGN
CAH	- 0.68	AMGN
PCAR	- 0.65	AMGN
CRSR	- 0.48	AMGN
GNTX	- 0.13	AMGN
JYNT	- 0.0	CAOHF

Risk-Adjusted Indicators

There is a big difference between OneMedNet Stock performing well and OneMedNet Corp 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 OneMedNet Corp'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
AMGN	1.14	(0.37)	0.00	(0.40)	0.00	0.00	1.85	(4.16)	9.43
GNTX	1.07	(0.04)	0.00	(0.05)	0.00	0.00	2.24	(2.01)	7.93
PCAR	1.22	0.10	0.08	0.09	1.42	(1.41)	3.10	(2.64)	10.82
CRSR	2.51	(0.06)	0.00	(0.01)	0.00	0.00	6.96	(4.32)	14.96
CAOHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CAH	1.04	0.09	0.06	0.14	1.27	(1.09)	2.12	(2.07)	10.66
BYD	1.05	0.14	0.11	0.17	1.09	(1.12)	1.87	(1.73)	12.01
JYNT	1.77	(0.24)	0.00	(0.12)	0.00	0.00	3.65	(3.29)	14.95

OneMedNet Corp Corporate Executives

Elected by the shareholders, the OneMedNet Corp's board of directors comprises two types of representatives: OneMedNet Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OneMedNet. The board's role is to monitor OneMedNet Corp's management team and ensure that shareholders' interests are well served. OneMedNet Corp'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, OneMedNet Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

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