Chordate Medical Correlations
CMH Stock | 0.05 0 2.76% |
The correlation of Chordate 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chordate Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chordate Medical Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Chordate Medical Holding and NYA 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 Chordate Medical Holding and NYA in the same portfolio, assuming nothing else is changed.
Chordate |
The ability to find closely correlated positions to Chordate Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chordate Medical when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chordate Medical - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chordate Medical Holding to buy it.
Moving together with Chordate Stock
Moving against Chordate Stock
0.85 | VOLV-A | AB Volvo | PairCorr |
0.77 | VOLV-B | AB Volvo | PairCorr |
0.62 | SWED-A | Swedbank AB | PairCorr |
0.6 | NDA-SE | Nordea Bank Abp | PairCorr |
0.54 | SEB-A | Skandinaviska Enskilda Earnings Call This Week | PairCorr |
0.5 | STIL | Stille AB | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between Chordate Stock performing well and Chordate 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 Chordate 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
COALA | 3.06 | (0.81) | 0.00 | 7.30 | 0.00 | 5.88 | 43.83 | |||
CLS-B | 3.93 | (0.17) | 0.00 | 0.22 | 0.00 | 8.57 | 32.67 | |||
EPIS-B | 4.41 | (1.16) | 0.00 | (0.69) | 0.00 | 8.57 | 65.09 | |||
NEOD | 2.45 | (0.19) | 0.00 | (0.14) | 0.00 | 5.81 | 18.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chordate Medical without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Chordate Medical Corporate Management
Elected by the shareholders, the Chordate Medical's board of directors comprises two types of representatives: Chordate Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chordate. The board's role is to monitor Chordate Medical's management team and ensure that shareholders' interests are well served. Chordate Medical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chordate Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jan Hermansson | Head Director | Profile | |
Anders Weilandt | CEO MD | Profile | |
Jan Lindberg | CTO Mang | Profile | |
Niklas Lindecrantz | Chief Officer | Profile | |
Helena Thedius | Sales Mang | Profile |
Already Invested in Chordate Medical Holding?
The danger of trading Chordate Medical Holding is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Chordate Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Chordate Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chordate Medical Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chordate Medical Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Chordate Medical Holding information on this page should be used as a complementary analysis to other Chordate Medical's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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When running Chordate Medical's price analysis, check to measure Chordate Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chordate Medical is operating at the current time. Most of Chordate Medical's value examination focuses on studying past and present price action to predict the probability of Chordate Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chordate Medical's price. Additionally, you may evaluate how the addition of Chordate Medical to your portfolios can decrease your overall portfolio volatility.
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