Monogram Orthopaedics Correlations

MGRM Stock

5.67 0.12 2.07%

The current 90-days correlation between Monogram Orthopaedics and Verra Mobility Corp is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Monogram Orthopaedics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Monogram Orthopaedics Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Monogram Orthopaedics Correlation With Market

Significant diversification

The correlation between Monogram Orthopaedics Common and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monogram Orthopaedics Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Monogram Stock

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

Moving together with Monogram Stock

0.64	VSEE	VSee Health,	Pair Corr
0.77	VVOS	Vivos Therapeutics	Pair Corr

Moving against Monogram Stock

0.42	CI	Cigna Corp	Pair Corr
0.35	MD	Mednax Inc	Pair Corr
0.56	EHAB	Enhabit	Pair Corr
0.5	ELMD	Electromed	Pair Corr
0.4	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.38	ABT	Abbott Laboratories	Pair Corr
0.33	EDAP	EDAP TMS SA	Pair Corr
0.31	EKSO	Ekso Bionics Holdings	Pair Corr
0.62	MLSS	Milestone Scientific	Pair Corr
0.6	MMSI	Merit Medical Systems	Pair Corr
0.55	MNDR	Mobile health Network	Pair Corr
0.44	MODD	Modular Medical	Pair Corr
0.44	NXLIW	Nexalin Technology	Pair Corr
0.4	MGRX	Mangoceuticals, Common	Pair Corr

Related Correlations Analysis

	VRRM	PLAY	TRMD	GNTX	TFII	GZITF	NRRWF
VRRM		0.8	0.67	0.55	0.89	0.67	-0.06	VRRM
PLAY	0.8		0.76	0.44	0.77	0.85	-0.39	PLAY
TRMD	0.67	0.76		0.39	0.77	0.55	-0.06	TRMD
GNTX	0.55	0.44	0.39		0.66	0.43	-0.23	GNTX
TFII	0.89	0.77	0.77	0.66		0.55	0.01	TFII
GZITF	0.67	0.85	0.55	0.43	0.55		-0.59	GZITF
NRRWF	-0.06	-0.39	-0.06	-0.23	0.01	-0.59		NRRWF
	VRRM	PLAY	TRMD	GNTX	TFII	GZITF	NRRWF

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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

TFII	+ 0.89	VRRM
GZITF	+ 0.85	PLAY
PLAY	+ 0.8	VRRM
TFII	+ 0.77	PLAY
TFII	+ 0.77	TRMD
TRMD	+ 0.76	PLAY

High negative correlations

NRRWF	- 0.59	GZITF
NRRWF	- 0.39	PLAY
NRRWF	- 0.23	GNTX
NRRWF	- 0.06	TRMD
NRRWF	- 0.06	VRRM

Risk-Adjusted Indicators

There is a big difference between Monogram Stock performing well and Monogram Orthopaedics 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 Monogram Orthopaedics' 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
VRRM	1.29	0.02	0.02	0.15	1.27	(1.64)	3.50	(2.50)	12.45
PLAY	3.13	0.69	0.26	0.61	2.34	(3.71)	9.24	(5.12)	22.98
TRMD	1.85	0.28	0.05	(1.35)	2.06	(2.00)	3.70	(3.65)	10.19
GNTX	1.26	(0.01)	(0.01)	0.12	1.23	(1.56)	2.51	(2.38)	8.03
TFII	1.57	0.00	0.03	0.13	1.75	(1.86)	2.77	(3.16)	13.33
GZITF	0.11	0.05	0.00	(0.83)	0.00	0.00	0.00	0.00	3.57
NRRWF	1.81	0.09	(0.01)	(0.18)	3.22	(10.04)	10.74	(8.77)	34.11

Monogram Orthopaedics Corporate Executives

Elected by the shareholders, the Monogram Orthopaedics' board of directors comprises two types of representatives: Monogram Orthopaedics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Monogram. The board's role is to monitor Monogram Orthopaedics' management team and ensure that shareholders' interests are well served. Monogram Orthopaedics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Monogram Orthopaedics' outside directors are responsible for providing unbiased perspectives on the board's policies.

Douglas Unis

Chief Founder

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