LENSAR Correlations
| LNSR Stock | USD 13.16 0.07 0.53% |
The current 90-days correlation between LENSAR Inc and Constellation Brands Class is 0.25 (i.e., Modest diversification). The correlation of LENSAR 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.
LENSAR Correlation With Market
Good diversification
The correlation between LENSAR Inc and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LENSAR Inc and DJI in the same portfolio, assuming nothing else is changed.
Moving together with LENSAR Stock
| 0.63 | CNC | Centene Corp | PairCorr |
| 0.64 | MOH | Molina Healthcare | PairCorr |
| 0.67 | TFX | Teleflex Incorporated | PairCorr |
| 0.75 | GCTK | GlucoTrack | PairCorr |
| 0.92 | NUWE | Nuwellis | PairCorr |
| 0.71 | TMCI | Treace Medical Concepts | PairCorr |
| 0.73 | VALN | Valneva SE ADR | PairCorr |
| 0.67 | DYAI | Dyadic International | PairCorr |
Moving against LENSAR Stock
| 0.86 | MODV | ModivCare | PairCorr |
| 0.78 | MASS | 908 Devices | PairCorr |
| 0.74 | HSCSW | Heart Test Laboratories | PairCorr |
| 0.7 | DH | Definitive Healthcare | PairCorr |
| 0.7 | FIGS | Figs Inc | PairCorr |
| 0.64 | CAH | Cardinal Health | PairCorr |
| 0.6 | NVNO | enVVeno Medical Corp | PairCorr |
| 0.56 | NYXH | Nyxoah | PairCorr |
| 0.47 | JYNT | Joint Corp | PairCorr |
| 0.36 | CVS | CVS Health Corp | PairCorr |
| 0.35 | XTNT | Xtant Medical Holdings | PairCorr |
| 0.31 | HIMS | Hims Hers Health Aggressive Push | PairCorr |
| 0.31 | RDNT | RadNet Inc | PairCorr |
| 0.79 | STRM | Streamline Health | PairCorr |
| 0.67 | DNA | Ginkgo Bioworks Holdings Trending | PairCorr |
| 0.66 | NVS | Novartis AG ADR | PairCorr |
| 0.58 | ADUS | Addus HomeCare | PairCorr |
| 0.5 | DRTS | Alpha Tau Medical | PairCorr |
| 0.49 | HCM | HUTCHMED DRC | PairCorr |
| 0.46 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.4 | GSK | GlaxoSmithKline PLC ADR | PairCorr |
| 0.38 | SLS | Sellas Life Sciences | PairCorr |
Related Correlations Analysis
| -0.17 | -0.03 | -0.1 | 0.27 | 0.87 | 0.26 | STZ | ||
| -0.17 | 0.58 | 0.93 | 0.78 | 0.13 | 0.34 | NOW | ||
| -0.03 | 0.58 | 0.57 | 0.54 | 0.2 | 0.25 | FIZZ | ||
| -0.1 | 0.93 | 0.57 | 0.72 | 0.15 | 0.49 | NTGR | ||
| 0.27 | 0.78 | 0.54 | 0.72 | 0.54 | 0.34 | ABEV | ||
| 0.87 | 0.13 | 0.2 | 0.15 | 0.54 | 0.2 | DEO | ||
| 0.26 | 0.34 | 0.25 | 0.49 | 0.34 | 0.2 | WEST | ||
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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 LENSAR Stock performing well and LENSAR 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 LENSAR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STZ | 1.13 | (0.13) | 0.00 | 1.52 | 0.00 | 2.08 | 11.14 | |||
| NOW | 1.80 | 0.24 | 0.12 | 0.27 | 1.97 | 3.63 | 18.66 | |||
| FIZZ | 1.21 | 0.14 | 0.02 | (0.88) | 1.23 | 2.99 | 7.51 | |||
| NTGR | 2.48 | 0.15 | 0.06 | 0.20 | 3.07 | 5.80 | 22.43 | |||
| ABEV | 1.22 | 0.10 | 0.03 | 0.30 | 1.54 | 2.56 | 10.38 | |||
| DEO | 1.20 | (0.05) | (0.07) | 0.00 | 1.58 | 2.43 | 10.84 | |||
| WEST | 2.53 | (0.21) | 0.00 | 1.04 | 0.00 | 5.23 | 23.60 |
LENSAR Corporate Executives
Elected by the shareholders, the LENSAR's board of directors comprises two types of representatives: LENSAR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LENSAR. The board's role is to monitor LENSAR's management team and ensure that shareholders' interests are well served. LENSAR's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, LENSAR's outside directors are responsible for providing unbiased perspectives on the board's policies.