NeoGenomics Correlations

NEO Stock

USD 7.25 0.24 3.20%

The current 90-days correlation between NeoGenomics and Myriad Genetics is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NeoGenomics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NeoGenomics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NeoGenomics Correlation With Market

Weak diversification

The correlation between NeoGenomics and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NeoGenomics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NeoGenomics Stock

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

To learn how to invest in NeoGenomics Stock, please use our How to Invest in NeoGenomics guide.

Moving together with NeoGenomics Stock

0.66	FEMY	Femasys	Pair Corr
0.71	BDX	Becton Dickinson	Pair Corr
0.64	FOXO	FOXO Technologies	Pair Corr
0.67	ELV	Elevance Health Earnings Call This Week	Pair Corr

Moving against NeoGenomics Stock

0.79	LH	Laboratory	Pair Corr
0.68	OM	Outset Medical	Pair Corr
0.68	VEEV	Veeva Systems Class	Pair Corr
0.67	DXCM	DexCom Inc	Pair Corr
0.65	DH	Definitive Healthcare	Pair Corr
0.62	EW	Edwards Lifesciences Corp	Pair Corr
0.46	VNRX	Volitionrx	Pair Corr
0.45	EHAB	Enhabit	Pair Corr
0.36	MD	Mednax Inc	Pair Corr
0.36	DOCS	Doximity	Pair Corr
0.31	EDAP	EDAP TMS SA	Pair Corr
0.76	CAH	Cardinal Health	Pair Corr
0.74	ENSG	Ensign Group	Pair Corr
0.74	HCA	HCA Holdings	Pair Corr
0.67	HAE	Haemonetics	Pair Corr
0.67	MCK	McKesson	Pair Corr
0.59	ABT	Abbott Laboratories Earnings Call This Week	Pair Corr
0.59	BSX	Boston Scientific Corp	Pair Corr
0.57	FIGS	Figs Inc	Pair Corr
0.42	AHG	Akso Health Group	Pair Corr
0.38	MDT	Medtronic PLC	Pair Corr

Related Correlations Analysis

	MYGN	NTRA	MEDP	NEOG	PSNL	VCYT	GKOS	NVCR	LX
MYGN		-0.54	-0.22	-0.22	-0.62	0.6	-0.43	-0.43	-0.28	MYGN
NTRA	-0.54		0.38	-0.45	0.79	-0.64	0.69	0.28	-0.13	NTRA
MEDP	-0.22	0.38		-0.22	0.65	-0.3	0.53	0.11	0.05	MEDP
NEOG	-0.22	-0.45	-0.22		-0.2	-0.03	-0.35	0.19	0.36	NEOG
PSNL	-0.62	0.79	0.65	-0.2		-0.75	0.83	0.29	-0.09	PSNL
VCYT	0.6	-0.64	-0.3	-0.03	-0.75		-0.6	-0.21	0.28	VCYT
GKOS	-0.43	0.69	0.53	-0.35	0.83	-0.6		0.4	-0.18	GKOS
NVCR	-0.43	0.28	0.11	0.19	0.29	-0.21	0.4		0.35	NVCR
LX	-0.28	-0.13	0.05	0.36	-0.09	0.28	-0.18	0.35		LX
	MYGN	NTRA	MEDP	NEOG	PSNL	VCYT	GKOS	NVCR	LX

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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

GKOS	+ 0.83	PSNL
PSNL	+ 0.79	NTRA
GKOS	+ 0.69	NTRA
PSNL	+ 0.65	MEDP
VCYT	+ 0.6	MYGN
GKOS	+ 0.53	MEDP

High negative correlations

VCYT	- 0.75	PSNL
VCYT	- 0.64	NTRA
PSNL	- 0.62	MYGN
GKOS	- 0.6	VCYT
NTRA	- 0.54	MYGN
NEOG	- 0.45	NTRA

Risk-Adjusted Indicators

There is a big difference between NeoGenomics Stock performing well and NeoGenomics 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 NeoGenomics' 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
MYGN	3.95	(0.67)	0.00	(0.23)	0.00	0.00	8.40	(6.57)	50.58
NTRA	1.94	(0.02)	0.04	0.22	2.44	(2.01)	3.51	(4.49)	21.46
MEDP	2.07	0.26	(0.04)	(0.17)	2.78	(2.08)	4.25	(5.59)	15.82
NEOG	3.98	(0.07)	0.00	0.29	0.00	0.00	8.01	(8.33)	29.48
PSNL	3.77	0.93	0.26	0.75	3.34	(4.38)	8.25	(6.23)	31.34
VCYT	1.98	0.09	0.00	0.08	0.00	0.00	3.20	(4.47)	20.22
GKOS	2.12	0.07	0.05	0.28	2.86	(2.19)	4.20	(4.16)	25.07
NVCR	2.80	(0.16)	0.00	0.14	3.48	(3.22)	6.85	(5.73)	21.11
LX	3.19	(0.38)	0.00	(0.11)	0.00	0.00	8.86	(7.81)	22.65

NeoGenomics Corporate Management

Nathan MD	Vice Services	Profile
George Cardoza	Pres Operations	Profile
Gary Passman	Chief Officer	Profile
Alicia Olivo	General Development	Profile
Andrew Lukowiak	Chief Officer	Profile
Cynthia Dieter	Chief Officer	Profile

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