Doximity Correlations

DOCS Stock

USD 67.94 0.45 0.66%

The current 90-days correlation between Doximity and Goodrx Holdings is 0.12 (i.e., Average diversification). The correlation of Doximity 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.

Doximity Correlation With Market

Weak diversification

The correlation between Doximity and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doximity and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Doximity Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Doximity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in goods.

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

Moving together with Doximity Stock

0.83	GH	Guardant Health Buyout Trend	Pair Corr
0.66	LH	Laboratory	Pair Corr
0.74	VREX	Varex Imaging Corp	Pair Corr
0.73	EMBC	Embecta Corp	Pair Corr
0.85	FIGS	Figs Inc	Pair Corr
0.62	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.72	HUM	Humana Inc	Pair Corr

Moving against Doximity Stock

0.57	DRIO	DarioHealth Corp	Pair Corr
0.53	OM	Outset Medical	Pair Corr
0.5	VSEE	VSee Health,	Pair Corr
0.43	DXCM	DexCom Inc	Pair Corr
0.36	VTAK	Catheter Precision	Pair Corr
0.64	XAIR	Beyond Air	Pair Corr
0.63	CNC	Centene Corp	Pair Corr
0.5	EHAB	Enhabit	Pair Corr
0.47	ELV	Elevance Health	Pair Corr
0.42	EKSO	Ekso Bionics Holdings	Pair Corr
0.34	EDAP	EDAP TMS SA	Pair Corr
0.31	CAH	Cardinal Health	Pair Corr
0.66	ISRG	Intuitive Surgical Sell-off Trend	Pair Corr
0.65	GCTK	GlucoTrack	Pair Corr
0.61	MOH	Molina Healthcare	Pair Corr
0.57	HIMS	Hims Hers Health	Pair Corr
0.54	HAE	Haemonetics	Pair Corr
0.47	LNSR	LENSAR Inc	Pair Corr

Related Correlations Analysis

	GDRX	PGNY	TDOC	TXG	VEEV
GDRX		0.18	0.69	0.28	0.36	GDRX
PGNY	0.18		0.33	0.71	0.16	PGNY
TDOC	0.69	0.33		0.34	0.2	TDOC
TXG	0.28	0.71	0.34		0.27	TXG
VEEV	0.36	0.16	0.2	0.27		VEEV
	GDRX	PGNY	TDOC	TXG	VEEV

Risk-Adjusted Indicators

There is a big difference between Doximity Stock performing well and Doximity 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 Doximity'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
GDRX	3.08	0.19	0.05	0.24	4.72	(3.19)	5.37	(6.80)	46.05
PGNY	1.88	0.05	0.03	0.15	2.24	(1.83)	3.77	(4.34)	17.96
TDOC	2.43	(0.16)	0.03	0.06	2.59	(2.98)	6.34	(4.43)	22.52
TXG	2.90	0.47	0.22	0.29	2.54	(3.53)	7.11	(4.37)	17.45
VEEV	1.44	0.15	0.07	0.30	1.57	(1.72)	2.32	(2.04)	26.24

Doximity Corporate Management

Perry Gold	Head Relations	Profile
Paul Jorgensen	Chief Officer	Profile
Jim Rivas	Head Communications	Profile
John Vaughan	Corporate Counsel	Profile
Joel Davis	Senior Product	Profile

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