SWK Holdings Correlations
| SWKHL Stock | 25.64 0.09 0.35% |
The current 90-days correlation between SWK Holdings and ETHM is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SWK Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SWK Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
SWK Holdings Correlation With Market
Average diversification
The correlation between SWK Holdings and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SWK Holdings and DJI in the same portfolio, assuming nothing else is changed.
Moving together with SWK Stock
| 0.73 | PNC | Pioneer Credit | PairCorr |
| 0.61 | AMRK | Amark Preci | PairCorr |
| 0.67 | SWKH | SWK Holdings Corp | PairCorr |
| 0.68 | GAINL | Gladstone Investment | PairCorr |
| 0.8 | BLTE | Belite Bio ADR | PairCorr |
| 0.68 | SYM | Symbotic | PairCorr |
| 0.63 | COGNY | Cogna Educacao SA | PairCorr |
| 0.8 | BDNNY | Boliden AB ADR | PairCorr |
| 0.65 | QUAN | Quantum Int Corp | PairCorr |
Moving against SWK Stock
| 0.84 | BUR | Burford Capital Sell-off Trend | PairCorr |
| 0.72 | FPAY | FlexShopper | PairCorr |
| 0.59 | OFX | OFX Group | PairCorr |
| 0.48 | MFI | mF International | PairCorr |
| 0.4 | LMFA | LM Funding America | PairCorr |
| 0.38 | BLX | Foreign Trade Bank | PairCorr |
| 0.33 | MFICL | MidCap Financial Inv | PairCorr |
Related Correlations Analysis
| 0.58 | 0.23 | 0.15 | 0.49 | 0.54 | 0.52 | ETHM | ||
| 0.58 | 0.1 | 0.37 | 0.41 | 0.69 | 0.47 | INV | ||
| 0.23 | 0.1 | -0.54 | 0.37 | 0.49 | 0.17 | OXSQ | ||
| 0.15 | 0.37 | -0.54 | 0.06 | -0.12 | 0.25 | MCGA | ||
| 0.49 | 0.41 | 0.37 | 0.06 | 0.49 | 0.65 | NOAH | ||
| 0.54 | 0.69 | 0.49 | -0.12 | 0.49 | 0.36 | EARN | ||
| 0.52 | 0.47 | 0.17 | 0.25 | 0.65 | 0.36 | MCGAU | ||
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between SWK Stock performing well and SWK Holdings 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 SWK Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ETHM | 0.56 | (0.11) | 0.00 | (1.65) | 0.00 | 1.05 | 5.90 | |||
| INV | 6.54 | 0.09 | 0.01 | 0.11 | 7.98 | 14.14 | 37.72 | |||
| OXSQ | 1.77 | (0.18) | 0.00 | (0.58) | 0.00 | 4.00 | 11.10 | |||
| MCGA | 0.48 | (0.14) | 0.00 | 0.84 | 0.00 | 1.04 | 3.55 | |||
| NOAH | 1.58 | (0.22) | 0.00 | (0.11) | 0.00 | 4.92 | 12.90 | |||
| EARN | 1.01 | (0.07) | 0.00 | (0.11) | 0.00 | 2.13 | 6.52 | |||
| MCGAU | 0.88 | (0.14) | 0.00 | (0.84) | 0.00 | 1.75 | 12.64 |