Check Cap Correlations

CHEK Stock

USD 0.76 0.01 1.69%

The current 90-days correlation between Check Cap and Jaguar Animal Health is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Check Cap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Check Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check Cap Correlation With Market

Good diversification

The correlation between Check Cap and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Check Cap and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Check Stock

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

For more information on how to buy Check Stock please use our How to buy in Check Stock guide.

Moving together with Check Stock

0.69	MD	Mednax Inc	Pair Corr
0.61	EDAP	EDAP TMS SA	Pair Corr

Moving against Check Stock

0.51	GH	Guardant Health	Pair Corr
0.44	VERO	Venus Concept	Pair Corr
0.31	DRIO	DarioHealth Corp	Pair Corr
0.4	CVS	CVS Health Corp	Pair Corr
0.39	MGRX	Mangoceuticals, Common	Pair Corr

Related Correlations Analysis

	FONR	BNR	BDSX	JAGX	FRSX	INUV
FONR		0.79	-0.7	-0.8	-0.86	0.58	FONR
BNR	0.79		-0.35	-0.67	-0.72	0.56	BNR
BDSX	-0.7	-0.35		0.66	0.77	-0.26	BDSX
JAGX	-0.8	-0.67	0.66		0.89	-0.33	JAGX
FRSX	-0.86	-0.72	0.77	0.89		-0.35	FRSX
INUV	0.58	0.56	-0.26	-0.33	-0.35		INUV
	FONR	BNR	BDSX	JAGX	FRSX	INUV

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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

FRSX	+ 0.89	JAGX
BNR	+ 0.79	FONR
FRSX	+ 0.77	BDSX
JAGX	+ 0.66	BDSX
INUV	+ 0.58	FONR
INUV	+ 0.56	BNR

High negative correlations

FRSX	- 0.86	FONR
JAGX	- 0.8	FONR
FRSX	- 0.72	BNR
BDSX	- 0.7	FONR
JAGX	- 0.67	BNR
INUV	- 0.35	FRSX

Risk-Adjusted Indicators

There is a big difference between Check Stock performing well and Check Cap 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 Check Cap'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
FONR	1.45	0.37	0.19	0.97	1.14	(1.81)	4.41	(2.29)	15.35
BNR	4.10	1.01	0.14	(3.91)	4.96	(4.22)	7.28	(7.67)	45.38
BDSX	6.14	(0.21)	0.00	(10.42)	0.00	0.00	13.79	(10.00)	58.86
JAGX	5.79	(0.89)	0.00	(3.21)	0.00	0.00	12.37	(14.20)	62.41
FRSX	3.12	(0.76)	0.00	(0.34)	0.00	0.00	8.06	(6.00)	18.70
INUV	3.71	0.60	0.09	1.17	4.47	(4.91)	9.43	(9.09)	30.31

Check Cap Corporate Management

Saar Levi	Interim Officer	Profile
Mira Rosenzweig	Executive Officer	Profile
David Benaim	Interim Officer	Profile
Justin Karr	Interim Officer	Profile

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