Microbot Medical Correlations

MBOT Stock

USD 2.92 0.04 1.39%

The current 90-days correlation between Microbot Medical and Capricor Therapeutics is 0.12 (i.e., Average diversification). The correlation of Microbot Medical 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.

Microbot Medical Correlation With Market

Modest diversification

The correlation between Microbot Medical and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microbot Medical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Microbot Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Microbot Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with Microbot Stock

0.69	VREX	Varex Imaging Corp	Pair Corr
0.69	300453	Jiangxi Sanxin Medtec	Pair Corr
0.67	OTC	Ocumetics Technology Corp Earnings Call Today	Pair Corr
0.78	EMBC	Embecta Corp	Pair Corr
0.61	ENOV	Enovis Corp	Pair Corr

Moving against Microbot Stock

0.6	ECOR	Electrocore LLC	Pair Corr
0.58	ELAB	Elevai Labs, Common	Pair Corr
0.53	IPD	Impedimed Earnings Call This Week	Pair Corr
0.53	VTAK	Catheter Precision	Pair Corr
0.5	OM	Outset Medical	Pair Corr
0.48	VERO	Venus Concept	Pair Corr
0.38	VVOS	Vivos Therapeutics	Pair Corr
0.73	FEMY	Femasys	Pair Corr
0.68	FOXO	FOXO Technologies	Pair Corr
0.64	EUDA	EUDA Health Holdings Trending	Pair Corr
0.62	XAIR	Beyond Air	Pair Corr
0.46	ALC	Alcon AG Sell-off Trend	Pair Corr
0.33	COO	Cooper Companies,	Pair Corr

Related Correlations Analysis

	BNGO	BPTH	CAPR	GYRE	HTGMQ	ISRG	LUCY	NXGL	PULM	STXS
BNGO		0.57	-0.16	0.26	0.0	0.57	-0.01	-0.5	0.26	-0.41	BNGO
BPTH	0.57		0.32	-0.24	0.0	0.9	0.53	-0.21	0.64	-0.81	BPTH
CAPR	-0.16	0.32		-0.33	0.0	0.21	0.19	0.27	0.08	-0.13	CAPR
GYRE	0.26	-0.24	-0.33		0.0	-0.26	-0.36	-0.33	-0.36	0.4	GYRE
HTGMQ	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HTGMQ
ISRG	0.57	0.9	0.21	-0.26	0.0		0.62	-0.23	0.74	-0.74	ISRG
LUCY	-0.01	0.53	0.19	-0.36	0.0	0.62		-0.03	0.54	-0.46	LUCY
NXGL	-0.5	-0.21	0.27	-0.33	0.0	-0.23	-0.03		0.09	0.05	NXGL
PULM	0.26	0.64	0.08	-0.36	0.0	0.74	0.54	0.09		-0.72	PULM
STXS	-0.41	-0.81	-0.13	0.4	0.0	-0.74	-0.46	0.05	-0.72		STXS
	BNGO	BPTH	CAPR	GYRE	HTGMQ	ISRG	LUCY	NXGL	PULM	STXS

Please upgrade your account to get full access to Macroaxis premium features

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

ISRG	+ 0.9	BPTH
PULM	+ 0.74	ISRG
PULM	+ 0.64	BPTH
LUCY	+ 0.62	ISRG
BPTH	+ 0.57	BNGO
ISRG	+ 0.57	BNGO

High negative correlations

STXS	- 0.81	BPTH
STXS	- 0.74	ISRG
STXS	- 0.72	PULM
NXGL	- 0.5	BNGO
STXS	- 0.46	LUCY
STXS	- 0.41	BNGO

Risk-Adjusted Indicators

There is a big difference between Microbot Stock performing well and Microbot Medical 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 Microbot Medical'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
BNGO	4.54	(0.35)	0.00	0.95	0.00	0.00	8.62	(8.45)	56.85
BPTH	5.45	(0.70)	0.00	0.56	0.00	0.00	16.67	(15.38)	47.27
CAPR	4.08	(0.04)	(0.01)	0.03	4.88	(4.54)	8.95	(7.65)	35.15
GYRE	3.14	0.29	0.10	0.26	3.04	(3.84)	8.34	(5.72)	15.86
HTGMQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISRG	1.21	(0.32)	0.00	(0.22)	0.00	0.00	1.82	(3.49)	7.43
LUCY	2.31	(0.15)	0.00	(1.06)	0.00	0.00	5.43	(6.57)	17.33
NXGL	3.10	0.04	0.01	0.13	3.56	(3.75)	6.69	(5.56)	25.66
PULM	2.58	(0.43)	0.00	(0.26)	0.00	0.00	6.02	(6.81)	17.50
STXS	2.98	0.41	0.15	0.23	2.98	(3.56)	7.41	(5.60)	24.01

Microbot Medical Corporate Management

Naama Moav	Vice Resources	Profile
Michael Lytle	Head Analytics	Profile
Rachel Vaknin	Chief Officer	Profile
Eyal MD	Chief Board	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC