NanoVibronix Correlations

NAOV Stock

USD 0.93 0.02 2.20%

The current 90-days correlation between NanoVibronix and Bone Biologics Corp is -0.15 (i.e., Good diversification). The correlation of NanoVibronix 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.

NanoVibronix Correlation With Market

Good diversification

The correlation between NanoVibronix and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NanoVibronix and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NanoVibronix Stock

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

For more information on how to buy NanoVibronix Stock please use our How to Invest in NanoVibronix guide.

Moving together with NanoVibronix Stock

0.69	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.66	MSPRZ	MSP Recovery Symbol Change	Pair Corr

Moving against NanoVibronix Stock

0.85	THC	Tenet Healthcare	Pair Corr
0.84	ENSG	Ensign Group	Pair Corr
0.83	HCA	HCA Holdings	Pair Corr
0.81	CAH	Cardinal Health	Pair Corr
0.8	INNV	InnovAge Holding Corp	Pair Corr
0.79	EHAB	Enhabit	Pair Corr
0.78	NHC	National HealthCare	Pair Corr
0.77	DH	Definitive Healthcare	Pair Corr
0.75	VEEV	Veeva Systems Class	Pair Corr
0.71	EHC	Encompass Health Corp	Pair Corr
0.61	FIGS	Figs Inc	Pair Corr
0.4	GEHC	GE HealthCare Techno	Pair Corr
0.38	PHR	Phreesia	Pair Corr
0.75	USPH	US Physicalrapy	Pair Corr
0.71	ADUS	Addus HomeCare	Pair Corr
0.68	SNDA	Sonida Senior Living	Pair Corr
0.65	PNTG	Pennant Group	Pair Corr
0.64	RDNT	RadNet Inc	Pair Corr
0.58	AMED	Amedisys	Pair Corr

Related Correlations Analysis

	BBLG	BJDX	VVOS	TIVC	THMO	HSCS	RSLS	NUWE	SINT	RMED
BBLG		0.06	0.12	-0.43	0.0	0.27	-0.21	-0.44	0.55	0.0	BBLG
BJDX	0.06		0.39	-0.3	0.0	-0.69	0.53	0.29	-0.2	0.0	BJDX
VVOS	0.12	0.39		-0.17	0.0	-0.46	0.36	0.42	0.32	0.0	VVOS
TIVC	-0.43	-0.3	-0.17		0.0	0.14	-0.13	0.11	-0.23	0.0	TIVC
THMO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	THMO
HSCS	0.27	-0.69	-0.46	0.14	0.0		-0.61	-0.38	0.33	0.0	HSCS
RSLS	-0.21	0.53	0.36	-0.13	0.0	-0.61		0.54	-0.32	0.0	RSLS
NUWE	-0.44	0.29	0.42	0.11	0.0	-0.38	0.54		-0.31	0.0	NUWE
SINT	0.55	-0.2	0.32	-0.23	0.0	0.33	-0.32	-0.31		0.0	SINT
RMED	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		RMED
	BBLG	BJDX	VVOS	TIVC	THMO	HSCS	RSLS	NUWE	SINT	RMED

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SINT	+ 0.55	BBLG
NUWE	+ 0.54	RSLS
RSLS	+ 0.53	BJDX
NUWE	+ 0.42	VVOS
VVOS	+ 0.39	BJDX
RSLS	+ 0.36	VVOS

High negative correlations

HSCS	- 0.69	BJDX
RSLS	- 0.61	HSCS
HSCS	- 0.46	VVOS
NUWE	- 0.44	BBLG
TIVC	- 0.43	BBLG
NUWE	- 0.38	HSCS

Risk-Adjusted Indicators

There is a big difference between NanoVibronix Stock performing well and NanoVibronix 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 NanoVibronix'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
BBLG	4.56	0.34	0.05	0.82	5.53	(4.93)	8.70	(9.66)	34.70
BJDX	7.64	0.02	0.00	0.01	11.77	(9.71)	10.69	(13.64)	173.13
VVOS	4.34	(0.14)	0.00	(0.10)	0.00	0.00	9.57	(8.36)	28.20
TIVC	7.30	1.05	0.15	0.45	6.73	(11.11)	28.97	(9.13)	132.46
THMO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HSCS	3.96	0.54	0.11	0.94	4.35	(4.62)	8.12	(5.90)	36.63
RSLS	17.62	2.12	0.13	(1.32)	15.12	(34.06)	35.81	(20.49)	411.90
NUWE	6.33	(1.52)	0.00	(1.46)	0.00	0.00	9.30	(16.22)	77.09
SINT	4.57	0.27	0.06	0.24	4.83	(5.73)	16.55	(7.21)	35.57
RMED	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NanoVibronix Corporate Management

CPA CPA	CFO Officer	Profile
M Harrison	VP Sales	Profile
Amir Rippel	Vice Marketing	Profile
Stephen CPA	Chief Officer	Profile
Harold MD	Chief Director	Profile
Lindsey Harrison	Vice Sales	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC