Daxor Correlations

DXR Stock

USD 9.18 0.18 2.00%

The current 90-days correlation between Daxor and Milestone Scientific is -0.21 (i.e., Very good diversification). The correlation of Daxor 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.

Daxor Correlation With Market

Good diversification

The correlation between Daxor and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daxor and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Daxor Stock

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

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

Moving together with Daxor Stock

0.85	DH	Definitive Healthcare	Pair Corr
0.71	GH	Guardant Health	Pair Corr
0.66	LH	Laboratory Earnings Call This Week	Pair Corr
0.68	OM	Outset Medical	Pair Corr
0.87	VEEV	Veeva Systems Class	Pair Corr
0.86	VNRX	Volitionrx	Pair Corr
0.61	ENSG	Ensign Group Earnings Call Tomorrow	Pair Corr
0.86	FIGS	Figs Inc	Pair Corr
0.92	MDAI	Spectral AI	Pair Corr
0.63	MHUA	Meihua International	Pair Corr

Moving against Daxor Stock

0.41	CI	Cigna Corp	Pair Corr
0.89	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.85	EMBC	Embecta Corp	Pair Corr
0.57	ELMD	Electromed	Pair Corr
0.57	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.52	EDAP	EDAP TMS SA	Pair Corr
0.51	ELAB	Elevai Labs, Common	Pair Corr
0.49	ICCM	Icecure Medical	Pair Corr
0.48	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.88	MODD	Modular Medical	Pair Corr
0.86	NXLIW	Nexalin Technology	Pair Corr
0.8	MNDR	Mobile health Network	Pair Corr
0.78	MLSS	Milestone Scientific	Pair Corr
0.7	NAOV	NanoVibronix	Pair Corr
0.63	MXCT	MaxCyte	Pair Corr

Related Correlations Analysis

	AMS	AWX	ELMD	INFU	KRMD	MLSS	NYXH	PDEX	RKDA
AMS		0.49	0.52	-0.63	-0.42	0.32	-0.88	0.5	-0.69	AMS
AWX	0.49		0.43	-0.76	-0.42	0.2	-0.52	0.54	-0.45	AWX
ELMD	0.52	0.43		-0.45	-0.44	0.53	-0.76	0.54	-0.74	ELMD
INFU	-0.63	-0.76	-0.45		0.73	-0.4	0.67	-0.67	0.68	INFU
KRMD	-0.42	-0.42	-0.44	0.73		-0.69	0.58	-0.56	0.66	KRMD
MLSS	0.32	0.2	0.53	-0.4	-0.69		-0.47	0.12	-0.37	MLSS
NYXH	-0.88	-0.52	-0.76	0.67	0.58	-0.47		-0.62	0.8	NYXH
PDEX	0.5	0.54	0.54	-0.67	-0.56	0.12	-0.62		-0.8	PDEX
RKDA	-0.69	-0.45	-0.74	0.68	0.66	-0.37	0.8	-0.8		RKDA
	AMS	AWX	ELMD	INFU	KRMD	MLSS	NYXH	PDEX	RKDA

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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

RKDA	+ 0.8	NYXH
KRMD	+ 0.73	INFU
RKDA	+ 0.68	INFU
NYXH	+ 0.67	INFU
RKDA	+ 0.66	KRMD
NYXH	+ 0.58	KRMD

High negative correlations

NYXH	- 0.88	AMS
RKDA	- 0.8	PDEX
NYXH	- 0.76	ELMD
INFU	- 0.76	AWX
RKDA	- 0.74	ELMD
MLSS	- 0.69	KRMD

Risk-Adjusted Indicators

There is a big difference between Daxor Stock performing well and Daxor 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 Daxor'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
AMS	1.98	(0.05)	0.00	2.24	0.00	0.00	3.80	(4.10)	16.70
AWX	1.24	(0.02)	0.00	0.47	0.00	0.00	3.19	(2.03)	13.44
ELMD	2.02	(0.47)	0.00	(0.27)	0.00	0.00	3.34	(5.49)	17.42
INFU	2.25	0.10	0.02	0.33	2.57	(2.58)	4.93	(4.13)	21.88
KRMD	3.21	0.35	0.14	0.30	3.18	(4.18)	7.69	(6.23)	29.65
MLSS	2.95	(0.48)	0.00	5.35	0.00	0.00	6.35	(5.71)	29.72
NYXH	2.02	0.50	0.15	(1.75)	1.94	(2.46)	4.84	(3.34)	20.37
PDEX	3.34	(0.34)	0.00	(3.83)	0.00	0.00	6.15	(5.76)	40.69
RKDA	2.99	0.68	0.15	2.44	3.30	(3.36)	8.70	(6.97)	22.99

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