Sensus Healthcare Correlations

SRTS Stock

USD 4.34 0.10 2.25%

The current 90-days correlation between Sensus Healthcare and STRATA Skin Sciences is 0.11 (i.e., Average diversification). The correlation of Sensus Healthcare 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.

Sensus Healthcare Correlation With Market

Significant diversification

The correlation between Sensus Healthcare and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sensus Healthcare and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sensus Stock

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

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

Moving together with Sensus Stock

0.7

EHAB

Enhabit

Pair Corr

Moving against Sensus Stock

0.6	ECOR	Electrocore LLC	Pair Corr
0.45	VSEE	VSee Health,	Pair Corr
0.46	VVOS	Vivos Therapeutics	Pair Corr
0.42	EMBC	Embecta Corp	Pair Corr
0.42	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.4	ICCM	Icecure Medical	Pair Corr
0.35	ELAB	Elevai Labs, Common	Pair Corr
0.34	EKSO	Ekso Bionics Holdings Earnings Call This Week	Pair Corr
0.64	NDRA	ENDRA Life Sciences	Pair Corr
0.44	MGRM	Monogram Orthopaedics Trending	Pair Corr
0.41	NAOV	NanoVibronix	Pair Corr
0.38	MXCT	MaxCyte	Pair Corr

Related Correlations Analysis

	SSKN	LNSR	SGHT	HYPR	TELA	PRPH	IRMD	STIM	RCMT
SSKN		0.75	-0.64	-0.35	-0.68	-0.32	-0.75	0.63	-0.52	SSKN
LNSR	0.75		-0.75	-0.27	-0.69	-0.35	-0.78	0.81	-0.49	LNSR
SGHT	-0.64	-0.75		-0.02	0.51	0.48	0.87	-0.61	0.42	SGHT
HYPR	-0.35	-0.27	-0.02		0.49	0.18	0.29	-0.34	0.23	HYPR
TELA	-0.68	-0.69	0.51	0.49		0.47	0.75	-0.82	0.82	TELA
PRPH	-0.32	-0.35	0.48	0.18	0.47		0.63	-0.48	0.49	PRPH
IRMD	-0.75	-0.78	0.87	0.29	0.75	0.63		-0.76	0.58	IRMD
STIM	0.63	0.81	-0.61	-0.34	-0.82	-0.48	-0.76		-0.67	STIM
RCMT	-0.52	-0.49	0.42	0.23	0.82	0.49	0.58	-0.67		RCMT
	SSKN	LNSR	SGHT	HYPR	TELA	PRPH	IRMD	STIM	RCMT

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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

IRMD	+ 0.87	SGHT
RCMT	+ 0.82	TELA
STIM	+ 0.81	LNSR
LNSR	+ 0.75	SSKN
IRMD	+ 0.75	TELA
STIM	+ 0.63	SSKN

High negative correlations

STIM	- 0.82	TELA
IRMD	- 0.78	LNSR
STIM	- 0.76	IRMD
SGHT	- 0.75	LNSR
IRMD	- 0.75	SSKN
TELA	- 0.69	LNSR

Risk-Adjusted Indicators

There is a big difference between Sensus Stock performing well and Sensus Healthcare 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 Sensus Healthcare'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
SSKN	2.72	(0.12)	0.00	0.65	0.00	0.00	5.93	(6.42)	21.66
LNSR	0.88	(0.08)	0.00	(0.64)	0.00	0.00	2.04	(2.89)	6.10
SGHT	3.38	0.47	0.10	0.46	4.55	(3.68)	7.36	(4.92)	25.67
HYPR	5.09	0.76	0.11	(18.05)	4.82	(7.73)	21.13	(10.68)	54.61
TELA	4.32	1.63	0.38	(2.06)	2.95	(5.99)	11.56	(6.08)	27.85
PRPH	4.48	0.24	0.05	0.26	5.56	(5.59)	8.82	(11.90)	30.85
IRMD	1.43	(0.01)	(0.01)	0.12	1.60	(1.56)	3.24	(2.45)	17.04
STIM	2.19	(0.08)	0.00	(0.07)	0.00	0.00	5.66	(4.44)	14.01
RCMT	2.03	0.67	0.33	2.18	1.20	(2.55)	4.39	(2.82)	19.76

Sensus Healthcare Corporate Management

Nicolas Soro	Chief Officer	Profile
Emiliano Sosa	Chief Officer	Profile
Magdalena Martinez	Chief Officer	Profile
Benson Suen	VP Sales	Profile
Mark Nestor	Medical Board	Profile

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