Mediwound Correlations

MDWD Stock

USD 20.46 0.41 2.04%

The current 90-days correlation between Mediwound and Inhibrx Biosciences, is 0.09 (i.e., Significant diversification). The correlation of Mediwound 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.

Mediwound Correlation With Market

Modest diversification

The correlation between Mediwound and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mediwound and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mediwound Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mediwound. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

For information on how to trade Mediwound Stock refer to our How to Trade Mediwound Stock guide.

Moving together with Mediwound Stock

0.69	NTNX	Nutanix	Pair Corr
0.62	AXP	American Express	Pair Corr
0.76	BA	Boeing	Pair Corr
0.62	CSCO	Cisco Systems	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.79	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.66	MMM	3M Company	Pair Corr

Moving against Mediwound Stock

0.31

MSB

Mesabi Trust

Pair Corr

Related Correlations Analysis

	INBX	PTGX	LRMR	VRDN	KYMR	ITOS	PCVX	RLAY
INBX		0.66	0.78	0.89	0.62	0.66	0.56	0.75	INBX
PTGX	0.66		0.74	0.82	0.91	0.84	0.6	0.67	PTGX
LRMR	0.78	0.74		0.84	0.82	0.7	0.61	0.92	LRMR
VRDN	0.89	0.82	0.84		0.8	0.79	0.7	0.78	VRDN
KYMR	0.62	0.91	0.82	0.8		0.87	0.63	0.81	KYMR
ITOS	0.66	0.84	0.7	0.79	0.87		0.58	0.73	ITOS
PCVX	0.56	0.6	0.61	0.7	0.63	0.58		0.63	PCVX
RLAY	0.75	0.67	0.92	0.78	0.81	0.73	0.63		RLAY
	INBX	PTGX	LRMR	VRDN	KYMR	ITOS	PCVX	RLAY

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Risk-Adjusted Indicators

There is a big difference between Mediwound Stock performing well and Mediwound 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 Mediwound'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
INBX	3.07	1.12	0.31	3.06	2.67	(3.83)	7.99	(4.49)	15.98
PTGX	1.81	0.25	0.08	0.51	2.30	(1.81)	4.44	(2.84)	14.80
LRMR	5.07	0.74	0.14	0.45	5.55	(5.77)	10.88	(8.41)	40.34
VRDN	2.45	0.65	0.14	(0.96)	2.54	(2.72)	5.89	(3.76)	18.96
KYMR	3.18	0.92	0.26	0.87	2.76	(3.70)	6.98	(4.46)	48.99
ITOS	2.79	1.05	0.36	(1.84)	1.88	(4.15)	7.68	(3.81)	20.47
PCVX	3.04	0.41	0.06	(0.80)	3.60	(3.70)	6.93	(4.87)	21.28
RLAY	3.14	0.33	0.09	0.35	3.74	(3.25)	6.55	(6.35)	16.42

Mediwound Corporate Management

Hagit Mashiach	VP Resources	Profile
CPA CPA	Ex Director	Profile
Hani Luxenburg	Chief Officer	Profile
Pr MD	CoFounder Director	Profile
Ety MBA	Chief Officer	Profile
Ofer BSc	Chief Officer	Profile

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