Glaukos Corp Correlations
| GKOS Stock | USD 103.50 0.13 0.13% |
The current 90-days correlation between Glaukos Corp and El Pollo Loco is 0.02 (i.e., Significant diversification). The correlation of Glaukos Corp 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.
Glaukos Corp Correlation With Market
Poor diversification
The correlation between Glaukos Corp and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Glaukos Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Glaukos Stock
| 0.7 | DH | Definitive Healthcare | PairCorr |
| 0.71 | FIGS | Figs Inc | PairCorr |
| 0.67 | CAH | Cardinal Health | PairCorr |
| 0.64 | NYXH | Nyxoah | PairCorr |
| 0.64 | DRTS | Alpha Tau Medical | PairCorr |
Moving against Glaukos Stock
| 0.63 | NUWE | Nuwellis | PairCorr |
| 0.61 | MOH | Molina Healthcare | PairCorr |
| 0.6 | CNC | Centene Corp | PairCorr |
| 0.56 | GCTK | GlucoTrack | PairCorr |
| 0.55 | LNSR | LENSAR Inc | PairCorr |
| 0.33 | XAIR | Beyond Air | PairCorr |
| 0.31 | TFX | Teleflex Incorporated | PairCorr |
| 0.57 | BMGL | Basel Medical Group | PairCorr |
| 0.54 | ALHC | Alignment Healthcare LLC | PairCorr |
| 0.51 | DYAI | Dyadic International | PairCorr |
| 0.5 | TMCI | Treace Medical Concepts | PairCorr |
| 0.45 | VALN | Valneva SE ADR | PairCorr |
| 0.43 | ERNA | Eterna Therapeutics | PairCorr |
Related Correlations Analysis
| 0.77 | 0.66 | 0.0 | 0.68 | 0.68 | -0.35 | SBUX | ||
| 0.77 | 0.61 | 0.0 | 0.74 | 0.69 | -0.26 | LOCO | ||
| 0.66 | 0.61 | 0.0 | 0.81 | 0.69 | -0.17 | CMG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EGMMF | ||
| 0.68 | 0.74 | 0.81 | 0.0 | 0.92 | -0.1 | CAKE | ||
| 0.68 | 0.69 | 0.69 | 0.0 | 0.92 | -0.11 | ZIJMF | ||
| -0.35 | -0.26 | -0.17 | 0.0 | -0.1 | -0.11 | HGMCF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Glaukos Stock performing well and Glaukos Corp 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 Glaukos Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBUX | 1.91 | (0.16) | 0.00 | (0.01) | 0.00 | 3.59 | 16.95 | |||
| LOCO | 1.88 | 0.15 | 0.04 | 0.45 | 2.12 | 7.01 | 13.30 | |||
| CMG | 1.78 | 0.11 | 0.06 | 0.20 | 1.81 | 4.17 | 14.17 | |||
| EGMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CAKE | 1.86 | 0.38 | 0.13 | 0.46 | 2.40 | 4.50 | 13.90 | |||
| ZIJMF | 3.53 | 0.40 | 0.09 | 0.62 | 3.91 | 7.30 | 24.25 | |||
| HGMCF | 1.22 | 0.10 | 0.00 | 0.43 | 0.00 | 0.93 | 44.92 |