Journey Medical Correlations
| DERM Stock | USD 7.19 0.11 1.51% |
The current 90-days correlation between Journey Medical Corp and Lifecore Biomedical is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Journey Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Medical Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Journey Medical Correlation With Market
Weak diversification
The correlation between Journey Medical Corp and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Journey Medical Corp and DJI in the same portfolio, assuming nothing else is changed.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Journey Stock performing well and Journey 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 Journey 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFCR | 2.24 | 0.51 | 0.13 | (1.17) | 2.18 | 6.48 | 17.92 | |||
| DBVT | 4.37 | 0.44 | 0.09 | 0.99 | 4.33 | 11.12 | 22.77 | |||
| CTMX | 7.37 | 2.27 | 0.42 | 0.54 | 5.35 | 13.85 | 145.00 | |||
| COLL | 1.25 | 0.32 | 0.11 | (6.91) | 1.27 | 2.72 | 8.47 | |||
| TBPH | 2.10 | 0.41 | 0.13 | 2.09 | 2.12 | 5.92 | 24.39 |
Journey Medical Corporate Management
| CPA CPA | Chief Officer | Profile | |
| Robyn Hunter | Treasurer Sec | Profile | |
| Ernest Galvan | VP Strategy | Profile | |
| Joseph Benesch | Interim Controller | Profile |