MDxHealth Correlations
| MDXH Stock | USD 2.42 0.01 0.41% |
The current 90-days correlation between MDxHealth SA ADR and Caribou Biosciences is 0.18 (i.e., Average diversification). The correlation of MDxHealth 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.
MDxHealth Correlation With Market
Modest diversification
The correlation between MDxHealth SA ADR 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 MDxHealth SA ADR and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with MDxHealth Stock
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Moving against MDxHealth Stock
Related Correlations Analysis
| 0.95 | 0.69 | 0.53 | 0.79 | 0.96 | CRBU | ||
| 0.95 | 0.78 | 0.67 | 0.89 | 0.95 | CRSP | ||
| 0.69 | 0.78 | 0.39 | 0.81 | 0.73 | VERV | ||
| 0.53 | 0.67 | 0.39 | 0.73 | 0.59 | BEAM | ||
| 0.79 | 0.89 | 0.81 | 0.73 | 0.86 | PRME | ||
| 0.96 | 0.95 | 0.73 | 0.59 | 0.86 | SANA | ||
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Risk-Adjusted Indicators
There is a big difference between MDxHealth Stock performing well and MDxHealth 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 MDxHealth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRBU | 5.62 | 1.62 | 0.28 | 1.11 | 4.84 | 13.66 | 23.18 | |||
| CRSP | 2.86 | 0.72 | 0.22 | 0.71 | 2.90 | 7.09 | 17.92 | |||
| VERV | 4.62 | 1.63 | 0.34 | (4.22) | 3.09 | 8.32 | 83.78 | |||
| BEAM | 2.73 | (0.08) | 0.01 | 0.12 | 4.34 | 5.84 | 21.39 | |||
| PRME | 6.70 | 1.64 | 0.26 | 1.42 | 5.85 | 15.00 | 41.91 | |||
| SANA | 4.88 | 1.80 | 0.43 | 3.25 | 3.25 | 12.50 | 31.62 |
MDxHealth Corporate Management
| Wim Criekinge | Chief Officer | Profile | |
| Joseph Sollee | Executive Counsel | Profile | |
| Ron CPA | Chief Officer | Profile | |
| John Bellano | Chief Officer | Profile | |
| Jason Poole | Chief Officer | Profile | |
| Miriam Reyes | Executive Operations | Profile | |
| Scott McMahan | Vice Accounting | Profile |