Spectral Correlations

MDAI Stock

2.51 0.16 5.99%

The current 90-days correlation between Spectral AI and Park Electrochemical is -0.24 (i.e., Very good diversification). The correlation of Spectral 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.

Spectral Correlation With Market

Average diversification

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

Build AI portfolio with Spectral Stock

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

Moving together with Spectral Stock

0.88	DH	Definitive Healthcare	Pair Corr
0.67	GH	Guardant Health	Pair Corr
0.64	OM	Outset Medical	Pair Corr
0.81	VEEV	Veeva Systems Class	Pair Corr
0.75	VNRX	Volitionrx	Pair Corr
0.75	VVOS	Vivos Therapeutics	Pair Corr
0.9	FIGS	Figs Inc	Pair Corr

Moving against Spectral Stock

0.52	CI	Cigna Corp	Pair Corr
0.8	EKSO	Ekso Bionics Holdings Earnings Call Next Week	Pair Corr
0.72	EDAP	EDAP TMS SA	Pair Corr
0.72	EMBC	Embecta Corp	Pair Corr
0.64	ELMD	Electromed	Pair Corr
0.6	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.5	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.39	EHAB	Enhabit	Pair Corr
0.34	ELAB	Elevai Labs, Common	Pair Corr
0.32	ICCM	Icecure Medical	Pair Corr
0.88	MLSS	Milestone Scientific	Pair Corr
0.87	MNDR	Mobile health Network	Pair Corr
0.86	MODD	Modular Medical	Pair Corr
0.67	NAOV	NanoVibronix	Pair Corr
0.62	MXCT	MaxCyte	Pair Corr
0.43	NEOG	Neogen	Pair Corr

Related Correlations Analysis

	GOOS	SKX	UNVGY	ALDF	GFF	SCVL	PKE	SHOO
GOOS		0.65	0.78	0.74	0.61	0.76	0.73	0.63	GOOS
SKX	0.65		0.85	0.88	0.52	0.69	0.4	0.79	SKX
UNVGY	0.78	0.85		0.91	0.45	0.65	0.43	0.72	UNVGY
ALDF	0.74	0.88	0.91		0.48	0.73	0.42	0.78	ALDF
GFF	0.61	0.52	0.45	0.48		0.8	0.74	0.63	GFF
SCVL	0.76	0.69	0.65	0.73	0.8		0.64	0.81	SCVL
PKE	0.73	0.4	0.43	0.42	0.74	0.64		0.52	PKE
SHOO	0.63	0.79	0.72	0.78	0.63	0.81	0.52		SHOO
	GOOS	SKX	UNVGY	ALDF	GFF	SCVL	PKE	SHOO

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Risk-Adjusted Indicators

There is a big difference between Spectral Stock performing well and Spectral 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 Spectral'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
GOOS	2.29	0.94	0.38	(3.86)	1.50	(2.99)	6.29	(3.01)	24.42
SKX	1.11	0.46	0.33	1.28	0.27	(1.29)	2.67	(0.40)	24.75
UNVGY	1.02	0.21	0.06	11.81	1.17	(1.08)	2.13	(2.32)	6.74
ALDF	0.19	0.04	(0.32)	1.48	0.00	(0.28)	0.48	(0.38)	1.54
GFF	1.48	0.29	0.08	(5.38)	1.60	(1.61)	3.12	(3.08)	10.17
SCVL	2.14	0.39	0.10	(0.86)	1.83	(2.76)	5.00	(3.43)	12.56
PKE	1.54	0.78	0.44	(0.90)	0.58	(1.98)	3.99	(2.17)	9.11
SHOO	2.73	0.64	0.15	(0.61)	2.34	(3.58)	6.31	(3.77)	23.15

Spectral Corporate Management

Stan Micek	Interim Officer	Profile
Jeffrey Thatcher	Chief Scientist	Profile
Vincent Capone	General Secretary	Profile
Christine Marks	Vice Commercialization	Profile
Louis Percoco	General Manager	Profile
David Bronson	Financial Controller	Profile

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