STRATA Skin Correlations

STRATA Skin Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in STRATA Skin 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 industry.

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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    SNES + 0.89 SLNO XELB + 0.79 LNSR IRIX + 0.58 LNSR SNES + 0.53 SRDX SLNO + 0.46 SRDX XELB + 0.37 IRIX

High negative correlations    XELB - 0.8 SLNO XELB - 0.79 SNES SLNO - 0.66 LNSR SNES - 0.64 LNSR XELB - 0.54 SRDX SRTS - 0.53 IRIX

Risk-Adjusted Indicators

There is a big difference between STRATA Stock performing well and STRATA Skin 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 STRATA Skin'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.