Cardio Diagnostics Correlations

CDIO Stock

USD 3.86 0.14 3.76%

The current 90-days correlation between Cardio Diagnostics and Addex Therapeutics is -0.27 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cardio Diagnostics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cardio Diagnostics Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cardio Diagnostics Correlation With Market

Good diversification

The correlation between Cardio Diagnostics Holdings and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cardio Diagnostics Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cardio Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardio Diagnostics Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Cardio Stock

0.64	GE	GE Aerospace	Pair Corr
0.66	JNJ	Johnson Johnson	Pair Corr
0.66	INTC	Intel	Pair Corr

Moving against Cardio Stock

0.62	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.56	PG	Procter Gamble	Pair Corr
0.53	TLK	Telkom Indonesia Tbk	Pair Corr
0.49	MCD	McDonalds	Pair Corr
0.48	VFS	VinFast Auto Earnings Call This Week	Pair Corr
0.46	VFSWW	VinFast Auto	Pair Corr
0.41	KO	Coca Cola	Pair Corr
0.33	BA	Boeing	Pair Corr

Related Correlations Analysis

	ADXN	BCLI	NRSN	MTNB	CELZ	ADIL	RADX	TCRT	BCDA	IBO
ADXN		0.02	0.13	-0.05	0.46	-0.27	0.38	0.34	-0.41	0.34	ADXN
BCLI	0.02		0.03	0.32	0.1	-0.06	0.21	-0.09	0.15	0.45	BCLI
NRSN	0.13	0.03		0.54	0.03	0.24	0.52	0.22	-0.01	0.59	NRSN
MTNB	-0.05	0.32	0.54		-0.12	0.43	0.45	-0.11	0.21	0.54	MTNB
CELZ	0.46	0.1	0.03	-0.12		-0.03	0.13	0.3	-0.22	0.04	CELZ
ADIL	-0.27	-0.06	0.24	0.43	-0.03		0.22	0.12	0.12	-0.06	ADIL
RADX	0.38	0.21	0.52	0.45	0.13	0.22		0.48	-0.12	0.56	RADX
TCRT	0.34	-0.09	0.22	-0.11	0.3	0.12	0.48		-0.56	-0.02	TCRT
BCDA	-0.41	0.15	-0.01	0.21	-0.22	0.12	-0.12	-0.56		0.12	BCDA
IBO	0.34	0.45	0.59	0.54	0.04	-0.06	0.56	-0.02	0.12		IBO
	ADXN	BCLI	NRSN	MTNB	CELZ	ADIL	RADX	TCRT	BCDA	IBO

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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

IBO	+ 0.59	NRSN
IBO	+ 0.56	RADX
MTNB	+ 0.54	NRSN
IBO	+ 0.54	MTNB
RADX	+ 0.52	NRSN
TCRT	+ 0.48	RADX

High negative correlations

BCDA	- 0.56	TCRT
BCDA	- 0.41	ADXN
ADIL	- 0.27	ADXN
BCDA	- 0.22	CELZ
BCDA	- 0.12	RADX
CELZ	- 0.12	MTNB

Risk-Adjusted Indicators

There is a big difference between Cardio Stock performing well and Cardio Diagnostics 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 Cardio Diagnostics' 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
ADXN	4.60	0.46	0.04	(0.33)	4.84	(7.83)	13.29	(9.75)	46.27
BCLI	2.80	0.25	0.03	(0.92)	3.18	(3.37)	5.00	(5.13)	17.14
NRSN	3.56	(0.45)	0.00	(0.15)	0.00	0.00	7.27	(7.02)	31.68
MTNB	6.11	0.76	0.13	0.36	6.43	(7.95)	22.41	(10.00)	70.57
CELZ	4.22	(0.27)	0.00	(0.05)	0.00	0.00	6.92	(10.72)	50.90
ADIL	2.05	(0.19)	0.00	(0.22)	0.00	0.00	5.71	(5.71)	17.63
RADX	4.35	0.13	0.03	0.19	5.91	(4.61)	10.38	(7.22)	52.70
TCRT	4.77	0.07	0.00	0.30	5.41	(5.54)	11.30	(8.70)	36.12
BCDA	4.11	(0.43)	0.00	(0.06)	0.00	0.00	7.58	(7.86)	34.88
IBO	2.18	(0.04)	(0.02)	0.02	2.90	(2.97)	4.92	(4.48)	19.10

Cardio Diagnostics Corporate Management

Esq JD	Chief Officer	Profile
Timur Dogan	Chief Officer	Profile
Meeshanthini Dogan	CEO CoFounder	Profile
Khullani JD	Vice Strategy	Profile
MBA JD	CFO Director	Profile

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