Neuronetics Correlations

STIM Stock

USD 1.00 0.04 4.17%

The current 90-days correlation between Neuronetics and Burning Rock Biotech is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Neuronetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Neuronetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Neuronetics Correlation With Market

Modest diversification

The correlation between Neuronetics and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neuronetics and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Neuronetics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

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

Moving against Neuronetics Stock

0.5	CI	Cigna Corp	Pair Corr
0.59	IRIX	IRIDEX	Pair Corr
0.31	FNA	Paragon 28	Pair Corr
0.35	ALGN	Align Technology	Pair Corr
0.35	SRDX	SurModics	Pair Corr
0.35	TNDM	Tandem Diabetes Care	Pair Corr

Related Correlations Analysis

	BNR	DRIO	GTH	SERA	BDSX	FONR	ENZ	XGN	SHC	OLK
BNR		-0.7	0.2	-0.48	-0.06	0.3	-0.24	0.71	-0.56	0.14	BNR
DRIO	-0.7		-0.5	0.43	0.26	-0.11	0.2	-0.56	0.52	-0.26	DRIO
GTH	0.2	-0.5		0.17	-0.02	0.16	-0.06	0.06	0.05	0.03	GTH
SERA	-0.48	0.43	0.17		0.4	0.22	0.16	-0.55	0.75	-0.46	SERA
BDSX	-0.06	0.26	-0.02	0.4		0.57	0.24	-0.32	0.64	-0.87	BDSX
FONR	0.3	-0.11	0.16	0.22	0.57		-0.02	0.25	0.29	-0.6	FONR
ENZ	-0.24	0.2	-0.06	0.16	0.24	-0.02		-0.41	0.29	-0.03	ENZ
XGN	0.71	-0.56	0.06	-0.55	-0.32	0.25	-0.41		-0.67	0.3	XGN
SHC	-0.56	0.52	0.05	0.75	0.64	0.29	0.29	-0.67		-0.75	SHC
OLK	0.14	-0.26	0.03	-0.46	-0.87	-0.6	-0.03	0.3	-0.75		OLK
	BNR	DRIO	GTH	SERA	BDSX	FONR	ENZ	XGN	SHC	OLK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SHC	+ 0.75	SERA
XGN	+ 0.71	BNR
SHC	+ 0.64	BDSX
FONR	+ 0.57	BDSX
SHC	+ 0.52	DRIO
SERA	+ 0.43	DRIO

High negative correlations

OLK	- 0.87	BDSX
OLK	- 0.75	SHC
DRIO	- 0.7	BNR
SHC	- 0.67	XGN
OLK	- 0.6	FONR
XGN	- 0.56	DRIO

Risk-Adjusted Indicators

There is a big difference between Neuronetics Stock performing well and Neuronetics 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 Neuronetics' 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
BNR	5.57	0.29	0.05	0.28	7.80	(6.86)	16.01	(7.67)	46.14
DRIO	4.10	(0.17)	(0.01)	0.04	4.60	(4.91)	9.72	(7.00)	27.55
GTH	1.87	0.00	(0.03)	0.13	2.49	(2.24)	3.45	(4.08)	14.43
SERA	3.74	(0.22)	0.00	0.04	4.58	(3.99)	9.55	(7.60)	27.67
BDSX	2.61	(0.28)	0.00	4.87	0.00	0.00	5.95	(5.61)	29.48
FONR	1.50	(0.15)	0.00	(0.09)	0.00	0.00	2.15	(2.97)	10.84
ENZ	1.40	(0.01)	(0.06)	0.09	1.31	(2.14)	2.97	(1.94)	7.62
XGN	3.75	0.47	0.13	0.60	3.40	(4.87)	9.62	(6.46)	25.65
SHC	1.75	(0.37)	0.00	(0.14)	0.00	0.00	3.74	(3.99)	13.40
OLK	0.63	0.19	0.05	(0.80)	0.48	(0.76)	1.58	(1.37)	4.37

Neuronetics Corporate Management

Rusty Page	Senior Quality	Profile
Lisa MetznerRosas	Senior Officer	Profile
Andrew Macan	Gen VP	Profile
Claire Sears	VP Marketing	Profile
Rick Grubbs	Senior Accounts	Profile
Cory Anderson	Senior Clinical	Profile
Kara Thornton	VP Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC