Sight Sciences Correlations

SGHT Stock

USD 6.52 0.70 12.03%

The current 90-days correlation between Sight Sciences and CVRx Inc is 0.17 (i.e., Average diversification). The correlation of Sight Sciences 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.

Sight Sciences Correlation With Market

Weak diversification

The correlation between Sight Sciences and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sight Sciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sight Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sight Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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

Moving together with Sight Stock

0.64	DHR	Danaher	Pair Corr
0.62	DD	Dupont De Nemours	Pair Corr
0.79	MMM	3M Company	Pair Corr

Moving against Sight Stock

0.55	WNC	Wabash National	Pair Corr
0.49	TRNR	Interactive Strength Earnings Call This Week	Pair Corr
0.49	ILLR	Triller Group	Pair Corr
0.35	BRK-A	Berkshire Hathaway	Pair Corr
0.59	T	ATT Inc Aggressive Push	Pair Corr
0.57	VZ	Verizon Communications	Pair Corr
0.35	BA	Boeing	Pair Corr

Related Correlations Analysis

	CVRX	SENS	MASS	QTRX	SNWV	CERS	OMI	LFCR	VMD	PRQR
CVRX		-0.76	0.59	0.51	-0.72	0.63	-0.49	-0.7	-0.41	0.83	CVRX
SENS	-0.76		-0.28	-0.2	0.75	-0.35	0.59	0.43	0.6	-0.5	SENS
MASS	0.59	-0.28		0.87	-0.51	0.85	-0.36	-0.7	-0.21	0.5	MASS
QTRX	0.51	-0.2	0.87		-0.52	0.78	-0.24	-0.6	-0.18	0.51	QTRX
SNWV	-0.72	0.75	-0.51	-0.52		-0.56	0.5	0.57	0.73	-0.49	SNWV
CERS	0.63	-0.35	0.85	0.78	-0.56		-0.49	-0.62	-0.3	0.51	CERS
OMI	-0.49	0.59	-0.36	-0.24	0.5	-0.49		0.41	0.51	-0.1	OMI
LFCR	-0.7	0.43	-0.7	-0.6	0.57	-0.62	0.41		0.29	-0.58	LFCR
VMD	-0.41	0.6	-0.21	-0.18	0.73	-0.3	0.51	0.29		-0.21	VMD
PRQR	0.83	-0.5	0.5	0.51	-0.49	0.51	-0.1	-0.58	-0.21		PRQR
	CVRX	SENS	MASS	QTRX	SNWV	CERS	OMI	LFCR	VMD	PRQR

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

QTRX	+ 0.87	MASS
CERS	+ 0.85	MASS
PRQR	+ 0.83	CVRX
CERS	+ 0.78	QTRX
SNWV	+ 0.75	SENS
VMD	+ 0.73	SNWV

High negative correlations

SENS	- 0.76	CVRX
SNWV	- 0.72	CVRX
LFCR	- 0.7	MASS
LFCR	- 0.7	CVRX
LFCR	- 0.62	CERS
LFCR	- 0.6	QTRX

Risk-Adjusted Indicators

There is a big difference between Sight Stock performing well and Sight Sciences 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 Sight Sciences' 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
CVRX	2.56	0.33	0.11	0.30	2.99	(2.96)	5.14	(4.49)	17.60
SENS	3.10	(0.83)	0.00	(0.21)	0.00	0.00	6.06	(7.58)	39.02
MASS	3.29	(0.13)	0.00	0.04	4.30	(3.40)	7.48	(6.22)	18.06
QTRX	2.71	(0.02)	0.02	0.09	2.75	(3.37)	6.80	(5.12)	16.47
SNWV	3.98	0.04	(0.02)	0.00	4.95	(4.87)	9.06	(5.64)	37.43
CERS	3.46	0.32	0.11	0.25	3.46	(4.21)	5.96	(4.80)	20.84
OMI	3.98	(1.30)	0.00	(0.49)	0.00	0.00	5.19	(8.33)	38.10
LFCR	2.22	(0.23)	(0.02)	0.02	2.80	(2.58)	5.26	(4.13)	21.47
VMD	1.56	(0.27)	0.00	(0.11)	0.00	0.00	2.97	(3.01)	11.29
PRQR	3.57	(0.10)	0.00	0.05	4.53	(3.89)	7.42	(7.80)	18.27

Sight Sciences Corporate Management

MBA BS	VP Operations	Profile
Stacie Rodgers	VP HR	Profile
John Liu	VP Access	Profile
Stephen JD	Secretary	Profile
Reay MD	Chief Officer	Profile
Sam Park	Chief Officer	Profile
John Ordway	VP Operations	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