Vicarious Surgical Correlations

RBOT Stock

USD 10.28 0.03 0.29%

The current 90-days correlation between Vicarious Surgical and Pulmonx Corp is 0.18 (i.e., Average diversification). The correlation of Vicarious Surgical 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.

Vicarious Surgical Correlation With Market

Modest diversification

The correlation between Vicarious Surgical and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vicarious Surgical and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Vicarious Surgical. 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 Vicarious Stock please use our How to Invest in Vicarious Surgical guide.

Moving together with Vicarious Stock

0.61	DOCS	Doximity	Pair Corr
0.68	MGRM	Monogram Orthopaedics	Pair Corr

Moving against Vicarious Stock

0.42	CI	Cigna Corp	Pair Corr
0.37	VERO	Venus Concept	Pair Corr
0.5	ELMD	Electromed	Pair Corr
0.45	ELAB	Elevai Labs, Common	Pair Corr
0.45	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.36	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.47	MNDR	Mobile health Network	Pair Corr
0.44	NAOV	NanoVibronix	Pair Corr
0.43	MGRX	Mangoceuticals, Common	Pair Corr
0.41	NXLIW	Nexalin Technology	Pair Corr
0.38	MLSS	Milestone Scientific	Pair Corr
0.33	MMSI	Merit Medical Systems	Pair Corr

Related Correlations Analysis

	PRCT	LUNG	QTRX	MXCT	OFIX	QSI	RGTI	INDI	HUMA
PRCT		-0.59	0.24	-0.63	-0.69	0.66	0.47	0.51	0.81	PRCT
LUNG	-0.59		-0.3	0.86	0.89	-0.83	-0.64	-0.73	-0.68	LUNG
QTRX	0.24	-0.3		-0.08	-0.22	0.43	0.06	0.41	0.13	QTRX
MXCT	-0.63	0.86	-0.08		0.91	-0.79	-0.69	-0.76	-0.75	MXCT
OFIX	-0.69	0.89	-0.22	0.91		-0.84	-0.69	-0.77	-0.8	OFIX
QSI	0.66	-0.83	0.43	-0.79	-0.84		0.72	0.77	0.81	QSI
RGTI	0.47	-0.64	0.06	-0.69	-0.69	0.72		0.77	0.68	RGTI
INDI	0.51	-0.73	0.41	-0.76	-0.77	0.77	0.77		0.63	INDI
HUMA	0.81	-0.68	0.13	-0.75	-0.8	0.81	0.68	0.63		HUMA
	PRCT	LUNG	QTRX	MXCT	OFIX	QSI	RGTI	INDI	HUMA

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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

OFIX	+ 0.91	MXCT
OFIX	+ 0.89	LUNG
MXCT	+ 0.86	LUNG
HUMA	+ 0.81	PRCT
HUMA	+ 0.81	QSI
INDI	+ 0.77	QSI

High negative correlations

QSI	- 0.84	OFIX
QSI	- 0.83	LUNG
HUMA	- 0.8	OFIX
QSI	- 0.79	MXCT
INDI	- 0.77	OFIX
INDI	- 0.76	MXCT

Risk-Adjusted Indicators

There is a big difference between Vicarious Stock performing well and Vicarious Surgical 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 Vicarious Surgical'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
PRCT	2.15	0.06	0.00	0.25	2.38	(2.51)	5.24	(4.29)	11.13
LUNG	3.93	(0.82)	0.00	(0.24)	0.00	0.00	7.78	(8.35)	27.26
QTRX	4.19	(0.25)	0.00	0.05	6.25	(3.87)	5.97	(9.26)	39.83
MXCT	2.82	(0.48)	0.00	(0.22)	0.00	0.00	5.96	(5.80)	18.72
OFIX	1.79	(0.53)	0.00	(0.22)	0.00	0.00	3.87	(3.75)	14.80
QSI	4.88	0.25	0.11	0.21	4.67	(6.46)	13.94	(7.29)	34.33
RGTI	5.21	0.85	0.20	0.46	4.39	(6.11)	16.30	(7.91)	34.37
INDI	4.11	1.52	0.30	(1.94)	3.34	(5.34)	10.07	(6.69)	21.76
HUMA	4.56	0.71	0.16	1.06	3.94	(6.19)	11.66	(7.09)	39.03

Vicarious Surgical Corporate Management

CPA CPA	CFO Treasurer	Profile
June Esq	Gen Officer	Profile
Terry Lundgren	Independent Director	Profile
Sammy Khalifa	CTO Cofounder	Profile
John Mazzola	VP Operations	Profile
Sarah CPA	Chief Officer	Profile
Michael Kives	Independent Director	Profile

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