MedMira Correlations
| 47M Stock | EUR 0.04 0 6.25% |
The current 90-days correlation between MedMira and INTER CARS SA is -0.04 (i.e., Good diversification). The correlation of MedMira 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.
MedMira Correlation With Market
Very good diversification
The correlation between MedMira and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MedMira and DJI in the same portfolio, assuming nothing else is changed.
MedMira |
The ability to find closely correlated positions to MedMira could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MedMira 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 MedMira - 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 MedMira to buy it.
Moving together with MedMira Stock
Moving against MedMira Stock
| 0.68 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.62 | E908 | Lyxor 1 | PairCorr |
| 0.6 | 1FW1 | WUXI BIOLOGICS UNSPADR2 | PairCorr |
| 0.6 | TLK | Toll Brothers | PairCorr |
| 0.58 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.57 | MBG | Mercedes Benz Group | PairCorr |
| 0.55 | SII | Wheaton Precious Metals | PairCorr |
| 0.54 | 3T4 | Teradata Corp | PairCorr |
| 0.5 | M0G | FIREWEED METALS P Earnings Call Today | PairCorr |
| 0.49 | ROM | ROHM Co | PairCorr |
| 0.49 | ABEA | Alphabet Class A | PairCorr |
| 0.47 | IDO1 | PT Indosat Tbk | PairCorr |
| 0.45 | AS7 | ANTA Sports Products | PairCorr |
| 0.42 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.4 | CTO0 | COSTCO WHOLESALE CDR | PairCorr |
| 0.38 | 0ZQ | JSC National Atomic | PairCorr |
| 0.35 | 0QF | Moderna | PairCorr |
| 0.35 | 22UA | BioNTech SE | PairCorr |
| 0.32 | HYB | HOYA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between MedMira Stock performing well and MedMira 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 MedMira'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7FZ | 1.63 | 0.13 | 0.04 | 0.32 | 2.03 | 4.15 | 10.94 | |||
| ZGY | 1.75 | (0.01) | (0.03) | 0.08 | 2.42 | 4.52 | 14.84 | |||
| DT8A | 1.97 | 0.06 | 0.01 | 0.22 | 2.91 | 4.02 | 13.96 | |||
| 20Y | 1.67 | (0.03) | (0.02) | 0.06 | 2.00 | 3.52 | 14.26 | |||
| WN6 | 1.49 | 0.06 | 0.01 | 0.19 | 2.02 | 2.97 | 10.91 | |||
| 4GF | 2.28 | 0.18 | 0.04 | 0.40 | 2.76 | 4.61 | 20.43 | |||
| SZL | 1.62 | 0.26 | 0.06 | (4.06) | 2.11 | 4.19 | 9.62 | |||
| 3T4 | 1.52 | (0.18) | 0.00 | (0.06) | 0.00 | 3.96 | 17.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MedMira 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?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
MedMira Corporate Management
Elected by the shareholders, the MedMira's board of directors comprises two types of representatives: MedMira inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MedMira. The board's role is to monitor MedMira's management team and ensure that shareholders' interests are well served. MedMira'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, MedMira's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stewart McKelvey | Legal Counsel | Profile | |
| Markus Meile | Chief Officer | Profile | |
| Hermes Chan | CEO, CoFounder | Profile | |
| Kevin Jones | Head Marketing | Profile |