Procept Biorobotics Correlations

PRCT Stock

USD 97.29 1.98 1.99%

The current 90-days correlation between Procept Biorobotics Corp and Orthopediatrics Corp is -0.05 (i.e., Good diversification). The correlation of Procept Biorobotics 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.

Procept Biorobotics Correlation With Market

Modest diversification

The correlation between Procept Biorobotics Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procept Biorobotics 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 Procept Biorobotics 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 main economic indicators.

Moving together with Procept Stock

0.8	LH	Laboratory	Pair Corr
0.74	VREX	Varex Imaging Corp	Pair Corr
0.81	XAIR	Beyond Air	Pair Corr
0.63	WGS	GeneDx Holdings Corp	Pair Corr
0.67	LNSR	LENSAR Inc	Pair Corr
0.77	MMSI	Merit Medical Systems	Pair Corr
0.61	RDNT	RadNet Inc	Pair Corr
0.66	ALHC	Alignment Healthcare LLC	Pair Corr
0.82	ATEC	Alphatec Holdings Buyout Trend	Pair Corr

Moving against Procept Stock

0.75	TFX	Teleflex Incorporated	Pair Corr
0.66	GCTK	GlucoTrack	Pair Corr
0.61	ZJYL	JIN MEDICAL INTERNATIONAL	Pair Corr
0.54	XTNT	Xtant Medical Holdings	Pair Corr
0.51	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr
0.49	AHG	Akso Health Group	Pair Corr
0.49	CNC	Centene Corp Sell-off Trend	Pair Corr
0.46	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.44	CI	Cigna Corp	Pair Corr
0.42	MASS	908 Devices	Pair Corr
0.67	ACET	Adicet Bio Buyout Trend	Pair Corr
0.63	NEUE	NeueHealth Symbol Change	Pair Corr
0.51	VALN	Valneva SE ADR	Pair Corr
0.5	TNDM	Tandem Diabetes Care	Pair Corr
0.45	MXCT	MaxCyte	Pair Corr
0.42	A	Agilent Technologies	Pair Corr
0.34	ERNA	Eterna Therapeutics	Pair Corr

Related Correlations Analysis

	KIDS	NPCE	LUNG	SRDX	OFIX	RXST	SGHT	FNA	AXGN	TMCI
KIDS		-0.09	0.5	0.45	-0.01	0.86	0.67	-0.02	0.09	-0.27	KIDS
NPCE	-0.09		-0.09	0.58	0.74	-0.39	-0.52	0.9	-0.38	0.81	NPCE
LUNG	0.5	-0.09		0.37	-0.17	0.37	0.64	-0.06	0.32	-0.14	LUNG
SRDX	0.45	0.58	0.37		0.31	0.22	0.22	0.62	-0.2	0.34	SRDX
OFIX	-0.01	0.74	-0.17	0.31		-0.33	-0.63	0.8	-0.37	0.87	OFIX
RXST	0.86	-0.39	0.37	0.22	-0.33		0.76	-0.32	0.25	-0.61	RXST
SGHT	0.67	-0.52	0.64	0.22	-0.63	0.76		-0.48	0.22	-0.69	SGHT
FNA	-0.02	0.9	-0.06	0.62	0.8	-0.32	-0.48		-0.45	0.82	FNA
AXGN	0.09	-0.38	0.32	-0.2	-0.37	0.25	0.22	-0.45		-0.47	AXGN
TMCI	-0.27	0.81	-0.14	0.34	0.87	-0.61	-0.69	0.82	-0.47		TMCI
	KIDS	NPCE	LUNG	SRDX	OFIX	RXST	SGHT	FNA	AXGN	TMCI

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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

FNA	+ 0.9	NPCE
TMCI	+ 0.87	OFIX
RXST	+ 0.86	KIDS
TMCI	+ 0.82	FNA
TMCI	+ 0.81	NPCE
FNA	+ 0.8	OFIX

High negative correlations

TMCI	- 0.69	SGHT
SGHT	- 0.63	OFIX
TMCI	- 0.61	RXST
SGHT	- 0.52	NPCE
FNA	- 0.48	SGHT
TMCI	- 0.47	AXGN

Risk-Adjusted Indicators

There is a big difference between Procept Stock performing well and Procept Biorobotics 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 Procept Biorobotics' 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
KIDS	2.45	(0.31)	0.00	(0.79)	0.00	0.00	4.85	(5.08)	16.62
NPCE	3.46	0.38	0.10	0.66	3.15	(4.25)	9.73	(6.19)	35.38
LUNG	3.16	(0.22)	0.00	(0.61)	0.00	0.00	8.44	(6.89)	20.44
SRDX	0.48	(0.05)	(0.20)	(0.02)	0.59	(0.51)	1.26	(1.01)	3.22
OFIX	1.84	0.19	0.03	(3.58)	2.07	(2.03)	3.90	(3.85)	12.11
RXST	1.72	(0.42)	0.00	(0.23)	0.00	0.00	2.19	(5.18)	12.89
SGHT	2.98	(0.71)	0.00	1.04	0.00	0.00	6.65	(7.84)	18.22
FNA	3.69	0.17	0.08	0.18	4.05	(4.03)	7.32	(6.30)	43.16
AXGN	2.24	0.07	0.02	0.18	3.69	(2.26)	4.73	(5.50)	21.60
TMCI	3.14	0.42	0.15	0.52	2.62	(4.25)	6.08	(4.39)	38.73

Procept Biorobotics Corporate Management

Matthew CFA	Vice Relations	Profile
Hisham Shiblaq	Executive Officer	Profile
Stacey Porter	Chief Officer	Profile
Minni Vittal	VP Officer	Profile
Alaleh Nouri	Chief EVP	Profile

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