Sharps Technology Correlations
| STSSW Stock | USD 0.02 0 19.03% |
The current 90-days correlation between Sharps Technology Warrant and Stevanato Group SpA is 0.13 (i.e., Average diversification). The correlation of Sharps Technology 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.
Sharps Technology Correlation With Market
Significant diversification
The correlation between Sharps Technology Warrant and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharps Technology Warrant and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Sharps Stock
| 0.81 | NEPH | Nephros | PairCorr |
| 0.66 | FCRX | First Eagle Alternative | PairCorr |
| 0.61 | GEGGL | Great Elm Group | PairCorr |
| 0.82 | MFI | mF International Downward Rally | PairCorr |
| 0.63 | SWKHL | SWK Holdings | PairCorr |
| 0.7 | OXSQG | Oxford Square Capital | PairCorr |
| 0.72 | ATMVR | AlphaVest Acquisition | PairCorr |
Moving against Sharps Stock
| 0.39 | AVGR | Avinger | PairCorr |
| 0.69 | ABLLL | Abacus Life, 9875 | PairCorr |
| 0.6 | ILLR | Triller Group Symbol Change | PairCorr |
| 0.55 | MSPR | MSP Recovery Symbol Change | PairCorr |
| 0.37 | MAAS | Highest Performances Symbol Change | PairCorr |
Related Correlations Analysis
| -0.14 | -0.47 | 0.58 | 0.75 | STVN | ||
| -0.14 | 0.03 | -0.28 | -0.19 | STSS | ||
| -0.47 | 0.03 | -0.06 | -0.65 | TNON | ||
| 0.58 | -0.28 | -0.06 | 0.42 | SPRC | ||
| 0.75 | -0.19 | -0.65 | 0.42 | OKYO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sharps Stock performing well and Sharps Technology 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 Sharps Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STVN | 2.01 | 0.11 | 0.03 | 0.31 | 1.91 | 4.22 | 12.46 | |||
| STSS | 5.58 | (0.65) | 0.00 | 2.28 | 0.00 | 8.58 | 76.96 | |||
| TNON | 2.42 | (0.27) | 0.00 | (0.03) | 0.00 | 5.88 | 26.41 | |||
| SPRC | 4.08 | 0.26 | 0.06 | 0.30 | 5.14 | 8.94 | 60.89 | |||
| OKYO | 5.10 | 1.82 | 0.23 | (3.91) | 5.25 | 12.56 | 33.92 |
Sharps Technology Corporate Management
| Robert Hayes | CEO Director | Profile | |
| Alan Blackman | Chief CoChairman | Profile | |
| Steven MD | Chief Officer | Profile | |
| Ben Scheu | Senior Sales | Profile | |
| Frank Parrado | Corporate Controller | Profile | |
| Barry Berler | Chief Inventor | Profile |