ISpecimen Correlations

ISPC Stock

USD 1.05 0.02 1.94%

The current 90-days correlation between iSpecimen and Precipio is -0.01 (i.e., Good diversification). The correlation of ISpecimen 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.

ISpecimen Correlation With Market

Modest diversification

The correlation between iSpecimen and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iSpecimen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ISpecimen Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iSpecimen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade ISpecimen Stock refer to our How to Trade ISpecimen Stock guide.

Moving against ISpecimen Stock

0.78	KMDA	Kamada	Pair Corr
0.64	WF	Woori Financial Group Earnings Call Tomorrow	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.6	NKTR	Nektar Therapeutics	Pair Corr
0.59	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.59	BAC-PL	Bank of America	Pair Corr
0.57	PFE	Pfizer Inc	Pair Corr
0.46	EVGN	Evogene	Pair Corr
0.46	FNMFO	Federal National Mortgage Earnings Call This Week	Pair Corr
0.43	AVAL	Grupo Aval	Pair Corr
0.33	CGEN	Compugen	Pair Corr
0.76	IBM	International Business Earnings Call Tomorrow	Pair Corr
0.69	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.64	CVX	Chevron Corp	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.6	AXP	American Express	Pair Corr
0.59	INTC	Intel Earnings Call This Week	Pair Corr
0.57	AA	Alcoa Corp	Pair Corr
0.47	WFC-PL	Wells Fargo	Pair Corr
0.42	T	ATT Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	SERA	PRPO	BIAF	MDXH	BFRI	LGVN	PTPI	KTTA	SOPA
SERA		-0.23	0.64	-0.39	0.76	0.7	0.2	0.48	-0.67	SERA
PRPO	-0.23		-0.32	0.86	0.04	-0.26	-0.87	-0.78	0.61	PRPO
BIAF	0.64	-0.32		-0.47	0.54	0.61	0.35	0.72	-0.7	BIAF
MDXH	-0.39	0.86	-0.47		-0.25	-0.41	-0.79	-0.81	0.73	MDXH
BFRI	0.76	0.04	0.54	-0.25		0.71	0.08	0.28	-0.55	BFRI
LGVN	0.7	-0.26	0.61	-0.41	0.71		0.37	0.6	-0.55	LGVN
PTPI	0.2	-0.87	0.35	-0.79	0.08	0.37		0.75	-0.59	PTPI
KTTA	0.48	-0.78	0.72	-0.81	0.28	0.6	0.75		-0.76	KTTA
SOPA	-0.67	0.61	-0.7	0.73	-0.55	-0.55	-0.59	-0.76		SOPA
	SERA	PRPO	BIAF	MDXH	BFRI	LGVN	PTPI	KTTA	SOPA

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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

MDXH	+ 0.86	PRPO
BFRI	+ 0.76	SERA
KTTA	+ 0.75	PTPI
SOPA	+ 0.73	MDXH
KTTA	+ 0.72	BIAF
LGVN	+ 0.71	BFRI

High negative correlations

PTPI	- 0.87	PRPO
KTTA	- 0.81	MDXH
PTPI	- 0.79	MDXH
KTTA	- 0.78	PRPO
SOPA	- 0.76	KTTA
SOPA	- 0.7	BIAF

Risk-Adjusted Indicators

There is a big difference between ISpecimen Stock performing well and ISpecimen 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 ISpecimen'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
SERA	6.32	0.25	0.06	0.24	6.81	(9.27)	12.40	(10.00)	138.84
PRPO	5.25	1.58	0.29	2.96	4.58	(6.82)	15.28	(10.40)	55.08
BIAF	8.15	0.30	0.02	2.30	10.15	(10.68)	17.24	(15.56)	65.80
MDXH	2.59	0.56	0.22	0.79	2.03	(3.42)	6.06	(3.33)	16.54
BFRI	3.52	0.01	0.00	0.15	4.01	(4.44)	6.56	(6.15)	22.98
LGVN	3.74	0.23	0.05	0.41	3.90	(4.76)	8.66	(6.25)	38.32
PTPI	11.71	(3.93)	0.00	11.74	0.00	0.00	14.29	(25.00)	210.34
KTTA	3.78	(0.79)	0.00	(5.59)	0.00	0.00	7.04	(10.42)	33.35
SOPA	4.64	1.03	0.24	0.89	3.65	(6.44)	10.43	(6.47)	54.75

ISpecimen Corporate Management

Emily Hubbard	VP Devel	Profile
Benjamin Bielak	Chief Secretary	Profile
Eric Langlois	Chief Officer	Profile
Dawn Michelle	VP Operations	Profile
Yuying Liang	Chief Officer	Profile
Annette Arnold	Vice Development	Profile

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