SINTX Technologies Correlations

SINT Stock

USD 2.97 0.36 10.81%

The current 90-days correlation between SINTX Technologies and Boxlight Corp Class is -0.21 (i.e., Very good diversification). The correlation of SINTX Technologies 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.

SINTX Technologies Correlation With Market

Good diversification

The correlation between SINTX Technologies and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SINTX Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SINTX Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SINTX Technologies. 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.

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

Moving together with SINTX Stock

0.81	DH	Definitive Healthcare	Pair Corr
0.77	EW	Edwards Lifesciences Corp Earnings Call This Week	Pair Corr
0.84	LH	Laboratory	Pair Corr
0.81	OM	Outset Medical	Pair Corr
0.73	VEEV	Veeva Systems Class	Pair Corr
0.78	DXCM	DexCom Inc Earnings Call This Week	Pair Corr
0.81	ENSG	Ensign Group Earnings Call This Week	Pair Corr
0.74	FIGS	Figs Inc	Pair Corr
0.63	ABT	Abbott Laboratories Earnings Call Tomorrow	Pair Corr
0.66	MDAI	Spectral AI	Pair Corr

Moving against SINTX Stock

0.52	CI	Cigna Corp Sell-off Trend	Pair Corr
0.43	VERO	Venus Concept	Pair Corr
0.71	MSPRZ	MSP Recovery Symbol Change	Pair Corr
0.66	MSPRW	MSP Recovery Symbol Change	Pair Corr
0.65	ELAB	Elevai Labs, Common	Pair Corr
0.64	ELMD	Electromed Downward Rally	Pair Corr
0.57	ICCM	Icecure Medical	Pair Corr
0.55	EKSO	Ekso Bionics Holdings	Pair Corr
0.44	EMBC	Embecta Corp	Pair Corr
0.85	NAOV	NanoVibronix	Pair Corr
0.82	NXGLW	NexGel Warrant	Pair Corr
0.75	MNDR	Mobile health Network	Pair Corr
0.69	NXLIW	Nexalin Technology	Pair Corr
0.61	MXCT	MaxCyte	Pair Corr
0.44	MLSS	Milestone Scientific	Pair Corr

Related Correlations Analysis

	BOXL	COCP	NUWE	OPGN	RSLS	TNON	VISL	XTIA
BOXL		0.61	-0.7	0.0	-0.79	-0.42	-0.64	0.44	BOXL
COCP	0.61		-0.35	0.0	-0.47	-0.2	-0.32	0.31	COCP
NUWE	-0.7	-0.35		0.0	0.82	0.81	0.7	-0.59	NUWE
OPGN	0.0	0.0	0.0		0.0	0.0	0.0	0.0	OPGN
RSLS	-0.79	-0.47	0.82	0.0		0.68	0.66	-0.61	RSLS
TNON	-0.42	-0.2	0.81	0.0	0.68		0.42	-0.69	TNON
VISL	-0.64	-0.32	0.7	0.0	0.66	0.42		-0.13	VISL
XTIA	0.44	0.31	-0.59	0.0	-0.61	-0.69	-0.13		XTIA
	BOXL	COCP	NUWE	OPGN	RSLS	TNON	VISL	XTIA

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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

RSLS	+ 0.82	NUWE
TNON	+ 0.81	NUWE
VISL	+ 0.7	NUWE
TNON	+ 0.68	RSLS
VISL	+ 0.66	RSLS
COCP	+ 0.61	BOXL

High negative correlations

RSLS	- 0.79	BOXL
NUWE	- 0.7	BOXL
XTIA	- 0.69	TNON
VISL	- 0.64	BOXL
XTIA	- 0.61	RSLS
XTIA	- 0.59	NUWE

Risk-Adjusted Indicators

There is a big difference between SINTX Stock performing well and SINTX Technologies 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 SINTX Technologies' 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
BOXL	3.71	1.24	0.29	(16.07)	3.05	(4.67)	10.97	(5.91)	25.19
COCP	3.25	0.59	0.15	2.03	2.97	(4.22)	9.09	(5.62)	23.33
NUWE	6.73	(1.83)	0.00	(10.38)	0.00	0.00	10.70	(14.84)	72.36
OPGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSLS	8.92	(0.46)	0.00	0.35	0.00	0.00	23.82	(19.95)	103.65
TNON	2.46	(0.32)	0.00	(0.08)	0.00	0.00	4.46	(5.77)	26.41
VISL	3.76	(0.65)	0.00	5.76	0.00	0.00	7.12	(9.09)	34.96
XTIA	8.24	1.77	0.13	3.50	10.00	(9.18)	18.68	(14.39)	105.36

SINTX Technologies Corporate Management

Kevin Trask	Corporate Controller	Profile
Hugh Roberts	Managing Development	Profile
Ryan Bock	Chief Officer	Profile
Lisa Re	Chief Officer	Profile
Michael Marcroft	Vice Marketing	Profile

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