Precipio Correlations

PRPO Stock

USD 24.75 0.21 0.86%

The current 90-days correlation between Precipio and Apimeds Pharmaceuticals US is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precipio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precipio moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Precipio Correlation With Market

Very weak diversification

The correlation between Precipio and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precipio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Precipio Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Precipio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Precipio Stock, please use our How to Invest in Precipio guide.

Moving together with Precipio Stock

0.76	NEO	NeoGenomics	Pair Corr
0.68	SEM	Select Medical Holdings	Pair Corr
0.74	PNTG	Pennant Group	Pair Corr
0.68	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.67	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.67	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr

Moving against Precipio Stock

0.72	ACHC	Acadia Healthcare	Pair Corr
0.7	ACET	Adicet Bio	Pair Corr
0.58	EHC	Encompass Health Corp	Pair Corr
0.55	DVA	DaVita HealthCare	Pair Corr
0.52	SGRY	Surgery Partners	Pair Corr
0.48	ATPC	Agape ATP	Pair Corr
0.37	ENSG	Ensign Group	Pair Corr
0.56	ENSV	Enservco	Pair Corr

Related Correlations Analysis

	LDDD	APUS	MODD	RBOT	PLUR	MLSS	POCI	STRR	ITRM	INTS
LDDD		0.69	0.69	0.83	0.65	0.7	-0.07	-0.05	0.78	0.32	LDDD
APUS	0.69		0.45	0.44	0.65	0.39	0.11	-0.46	0.49	0.12	APUS
MODD	0.69	0.45		0.66	0.41	0.35	0.16	-0.17	0.47	0.18	MODD
RBOT	0.83	0.44	0.66		0.55	0.85	-0.21	0.05	0.93	0.4	RBOT
PLUR	0.65	0.65	0.41	0.55		0.47	0.31	-0.37	0.63	0.19	PLUR
MLSS	0.7	0.39	0.35	0.85	0.47		-0.28	0.09	0.91	0.42	MLSS
POCI	-0.07	0.11	0.16	-0.21	0.31	-0.28		-0.49	-0.17	-0.17	POCI
STRR	-0.05	-0.46	-0.17	0.05	-0.37	0.09	-0.49		-0.04	0.13	STRR
ITRM	0.78	0.49	0.47	0.93	0.63	0.91	-0.17	-0.04		0.44	ITRM
INTS	0.32	0.12	0.18	0.4	0.19	0.42	-0.17	0.13	0.44		INTS
	LDDD	APUS	MODD	RBOT	PLUR	MLSS	POCI	STRR	ITRM	INTS

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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

ITRM	+ 0.93	RBOT
ITRM	+ 0.91	MLSS
MLSS	+ 0.85	RBOT
RBOT	+ 0.83	LDDD
ITRM	+ 0.78	LDDD
MLSS	+ 0.7	LDDD

High negative correlations

STRR	- 0.49	POCI
STRR	- 0.46	APUS
STRR	- 0.37	PLUR
POCI	- 0.28	MLSS
POCI	- 0.21	RBOT
INTS	- 0.17	POCI

Risk-Adjusted Indicators

There is a big difference between Precipio Stock performing well and Precipio 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 Precipio'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
LDDD	1.09	(0.61)	0.00	(0.60)	0.00	0.00	0.00	0.00	36.56
APUS	7.04	0.22	0.03	0.20	8.81	(8.90)	15.05	(20.79)	59.03
MODD	4.76	0.10	0.00	(0.10)	6.82	(5.69)	10.42	(8.11)	45.40
RBOT	4.85	(1.42)	0.00	(0.52)	0.00	0.00	11.90	(9.09)	36.01
PLUR	3.77	(0.11)	0.00	(0.03)	0.00	0.00	9.30	(6.23)	31.25
MLSS	3.47	(0.74)	0.00	(0.95)	0.00	0.00	7.41	(6.90)	23.59
POCI	1.99	0.26	0.09	0.39	2.30	(2.49)	3.68	(3.55)	27.89
STRR	1.83	(0.13)	0.00	(0.12)	0.00	0.00	3.21	(4.79)	12.75
ITRM	4.56	(0.92)	0.00	(0.35)	0.00	0.00	9.38	(8.82)	28.58
INTS	13.71	4.58	0.40	(16.65)	8.39	(26.63)	12.20	(14.04)	433.59

Precipio Corporate Management

Ahmed Sabet	Chief Officer	Profile
Miri ChikoRadomski	Chief Officer	Profile
Keith Meadors	VP Division	Profile
Matthew Gage	Interim Officer	Profile
Ayman MD	Chief Officer	Profile

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