ViewRay Correlations

Delisted . USA . 
Stock . ViewRay
VRAYDelisted Stock  USD 0.04  0  5.67%   
The current 90-days correlation between ViewRay and Acutus Medical is 0.1 (i.e., Average diversification). The correlation of ViewRay 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.

ViewRay Correlation With Market

Good diversification

The correlation between ViewRay and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ViewRay and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with ViewRay Stock

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Moving against ViewRay Stock

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Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
OFIX
+ 0.94
ATEC
OFIX
+ 0.92
CVRX
CVRX
+ 0.89
ATEC
AORT
+ 0.85
ATEC
NPCE
+ 0.83
ATEC
AORT
+ 0.82
DCTH
  
High negative correlations   
ANIK
- 0.95
ATEC
ANIK
- 0.88
CVRX
ANIK
- 0.85
OFIX
ANIK
- 0.76
NPCE
ANIK
- 0.75
AORT
ANIK
- 0.71
HSKA

Risk-Adjusted Indicators

There is a big difference between ViewRay Stock performing well and ViewRay 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 ViewRay'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ATEC  3.29  0.89  0.26  1.07  2.62 
(3.96)
 7.91 
(5.47)
 47.03 
AFIB  3.77  0.22  0.02 (0.09) 5.03 
(4.62)
 7.78 
(8.42)
 29.93 
AXGN  2.59  0.30  0.07  3.50  3.70 
(2.68)
 5.35 
(5.50)
 21.60 
DCTH  2.91  0.48  0.13  1.38  3.21 
(3.23)
 6.49 
(4.74)
 20.21 
NPCE  3.68  0.81  0.22  0.89  3.04 
(4.42)
 9.73 
(6.20)
 35.79 
CVRX  3.79  0.76  0.16 (1.53) 3.77 
(4.33)
 9.25 
(8.95)
 41.08 
OFIX  1.65  0.21  0.09  1.04  1.81 
(1.81)
 3.87 
(3.15)
 12.11 
AORT  1.33  0.21  0.12  0.97  1.42 
(1.47)
 2.86 
(2.42)
 9.51 
HSKA  1.18  0.60  0.99  16.52  0.00 
(1.25)
 3.63 
(0.71)
 21.36 
ANIK  1.81 (0.52) 0.00  0.87  0.00 
 0.00 
 3.27 
(3.39)
 34.28 

View ViewRay Related Equities

 Risk & Return  Correlation

ViewRay Corporate Management

Robert McCormackChief OfficerProfile
Robert FuchsChief OfficerProfile
Zachary StassenChief OfficerProfile
Martin MDChief OfficerProfile
JD ZieglerChief OfficerProfile
Karen HackstaffVP MarketingProfile

Still Interested in ViewRay?

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