Forian Correlations

FORA Stock

USD 2.20 0.01 0.46%

The current 90-days correlation between Forian Inc and Heartbeam is 0.04 (i.e., Significant diversification). The correlation of Forian 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.

Forian Correlation With Market

Good diversification

The correlation between Forian Inc and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forian Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Forian Stock

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

Moving together with Forian Stock

0.81	NPCE	Neuropace	Pair Corr
0.7	CHNXF	ChitogenX	Pair Corr
0.74	SVM	Silvercorp Metals	Pair Corr
0.89	QVCGA	QVC Group Symbol Change	Pair Corr
0.66	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.61	TRV	The Travelers Companies	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr
0.8	JPM	JPMorgan Chase	Pair Corr
0.82	GE	GE Aerospace	Pair Corr
0.72	AXP	American Express	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.63	JNJ	Johnson Johnson	Pair Corr

Moving against Forian Stock

0.78	SRDX	SurModics	Pair Corr
0.54	KIDS	Orthopediatrics Corp	Pair Corr
0.5	DCGO	DocGo Inc Buyout Trend	Pair Corr
0.42	BTMD	biote Corp	Pair Corr
0.36	CBLL	CeriBell,	Pair Corr
0.76	KO	Coca Cola Aggressive Push	Pair Corr
0.71	BA	Boeing Earnings Call This Week	Pair Corr
0.6	DIS	Walt Disney	Pair Corr
0.37	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.34	PG	Procter Gamble Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BEAT	OKYO	GANX	CLNN	ZTEK	NSRX	AEMD	GEG	PRLD	IMMX
BEAT		-0.79	0.65	0.87	0.08	-0.05	-0.67	0.47	0.74	-0.08	BEAT
OKYO	-0.79		-0.64	-0.76	0.1	-0.2	0.5	-0.68	-0.75	0.44	OKYO
GANX	0.65	-0.64		0.79	-0.45	0.1	-0.18	0.32	0.82	-0.04	GANX
CLNN	0.87	-0.76	0.79		-0.17	0.03	-0.6	0.49	0.83	-0.1	CLNN
ZTEK	0.08	0.1	-0.45	-0.17		-0.08	-0.33	0.22	-0.33	0.13	ZTEK
NSRX	-0.05	-0.2	0.1	0.03	-0.08		0.03	0.29	0.03	-0.07	NSRX
AEMD	-0.67	0.5	-0.18	-0.6	-0.33	0.03		-0.44	-0.42	0.03	AEMD
GEG	0.47	-0.68	0.32	0.49	0.22	0.29	-0.44		0.48	-0.53	GEG
PRLD	0.74	-0.75	0.82	0.83	-0.33	0.03	-0.42	0.48		-0.25	PRLD
IMMX	-0.08	0.44	-0.04	-0.1	0.13	-0.07	0.03	-0.53	-0.25		IMMX
	BEAT	OKYO	GANX	CLNN	ZTEK	NSRX	AEMD	GEG	PRLD	IMMX

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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

CLNN	+ 0.87	BEAT
PRLD	+ 0.83	CLNN
PRLD	+ 0.82	GANX
CLNN	+ 0.79	GANX
PRLD	+ 0.74	BEAT
GANX	+ 0.65	BEAT

High negative correlations

OKYO	- 0.79	BEAT
CLNN	- 0.76	OKYO
PRLD	- 0.75	OKYO
GEG	- 0.68	OKYO
AEMD	- 0.67	BEAT
GANX	- 0.64	OKYO

Risk-Adjusted Indicators

There is a big difference between Forian Stock performing well and Forian 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 Forian'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
BEAT	3.99	0.29	0.10	0.17	3.72	(5.82)	12.77	(7.21)	35.22
OKYO	3.46	(0.18)	0.00	1.75	0.00	0.00	8.48	(7.14)	24.61
GANX	3.86	0.39	0.11	0.27	4.09	(4.41)	10.13	(7.19)	24.63
CLNN	5.10	1.33	0.28	0.80	3.86	(6.31)	17.13	(7.20)	43.66
ZTEK	3.96	0.02	0.01	0.10	3.49	(6.35)	8.97	(6.17)	41.56
NSRX	2.01	(0.13)	0.00	0.67	0.00	0.00	6.05	(5.62)	17.97
AEMD	7.13	(0.40)	0.00	0.39	0.00	0.00	13.56	(17.68)	142.93
GEG	2.59	0.26	0.06	0.93	2.90	(3.13)	5.66	(4.92)	29.04
PRLD	5.21	1.03	0.21	0.44	4.88	(6.31)	13.59	(8.67)	32.95
IMMX	3.48	0.13	0.03	0.24	3.87	(4.16)	9.22	(7.55)	25.32

Forian Corporate Management

David Terrell	BioTrack Officer	Profile
Michael Vesey	Chief Officer	Profile
Michael CPA	Chief Officer	Profile
Paul Reuscher	Chief Officer	Profile
Max Wygod	CoFounder Chairman	Profile
Adam Dublin	Chief CoFounder	Profile

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