MeaTech 3D Correlations
| MTTCF Stock | USD 0 0.00 0.00% |
The current 90-days correlation between MeaTech 3D and Bell Buckle Holdings is -0.04 (i.e., Good diversification). The correlation of MeaTech 3D 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.
MeaTech 3D Correlation With Market
Pay attention - limited upside
The correlation between MeaTech 3D and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MeaTech 3D and DJI in the same portfolio, assuming nothing else is changed.
MeaTech |
The ability to find closely correlated positions to MeaTech 3D could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MeaTech 3D 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 MeaTech 3D - 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 MeaTech 3D to buy it.
Moving together with MeaTech Pink Sheet
| 0.74 | T | ATT Inc Earnings Call This Week | PairCorr |
Moving against MeaTech Pink Sheet
| 0.74 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.73 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.69 | CIADY | China Mengniu Dairy | PairCorr |
| 0.69 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.66 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.65 | MSB | Mesabi Trust | PairCorr |
| 0.65 | DD | Dupont De Nemours | PairCorr |
| 0.63 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.53 | GE | GE Aerospace | PairCorr |
| 0.48 | CVX | Chevron Corp | PairCorr |
| 0.46 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.46 | AXP | American Express | PairCorr |
| 0.32 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Risk-Adjusted Indicators
There is a big difference between MeaTech Pink Sheet performing well and MeaTech 3D 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 MeaTech 3D'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLEG | 14.35 | 2.41 | 0.08 | 0.59 | 13.52 | 50.00 | 133.33 | |||
| NUVM | 6.99 | 2.57 | 0.16 | (3.83) | 4.43 | 0.00 | 262.75 | |||
| DZGH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VGGIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BLLB | 6.84 | 0.45 | 0.02 | 0.78 | 8.21 | 20.00 | 56.67 | |||
| AMNC | 3.19 | (1.75) | 0.00 | (0.86) | 0.00 | 0.00 | 99.57 | |||
| CULTF | 12.14 | 0.18 | 0.01 | 0.26 | 12.50 | 40.00 | 80.57 | |||
| ALKM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBVG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MeaTech 3D 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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MeaTech 3D Corporate Management
| Lena Birger | Chief Designer | Profile | |
| Idan Gal | Chief Scientist | Profile | |
| Dan Kozlovski | Chief Officer | Profile | |
| Lior Yedidya | Chief Chemist | Profile | |
| Guy Hefer | Chief Officer | Profile | |
| Omri Schanin | Deputy COO | Profile | |
| Avraham Hampel | VP Devel | Profile |