Mach7 Technologies Correlations

TDMMF Stock

USD 0.50 0.00 0.00%

The current 90-days correlation between Mach7 Technologies and Xtract One Technologies is -0.08 (i.e., Good diversification). The correlation of Mach7 Technologies 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.

Mach7 Technologies Correlation With Market

Significant diversification

The correlation between Mach7 Technologies Limited and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mach7 Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mach7 Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mach7 Technologies 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 Mach7 Technologies - 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 Mach7 Technologies Limited to buy it.

Moving together with Mach7 OTC Stock

0.76	AAPL	Apple Inc Aggressive Push	Pair Corr
0.9	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.86	AVGO	Broadcom Aggressive Push	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.67	WMT	Walmart	Pair Corr
0.73	AXP	American Express	Pair Corr
0.79	INTC	Intel Aggressive Push	Pair Corr
0.69	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.81	IBM	International Business Tech Boost	Pair Corr

Moving against Mach7 OTC Stock

0.82	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.7	BMYMP	Bristol Myers Squibb	Pair Corr
0.7	PBCRY	Bank Central Asia	Pair Corr
0.51	PBCRF	PT Bank Central	Pair Corr
0.39	PPERF	Bank Mandiri Persero	Pair Corr
0.38	META	Meta Platforms	Pair Corr
0.37	BKRKY	Bank Rakyat	Pair Corr
0.79	BA	Boeing	Pair Corr
0.51	VZ	Verizon Communications Aggressive Push	Pair Corr
0.48	KO	Coca Cola	Pair Corr
0.46	T	ATT Inc Earnings Call This Week	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	XTRAF	TSPH	ITMSF	BGOPF	ADPXY	SYZLF	BCRD	AELTF	MTWO	APXYY
XTRAF		0.7	-0.52	0.62	0.0	-0.78	0.29	0.0	-0.27	0.39	XTRAF
TSPH	0.7		-0.1	0.23	0.0	-0.62	-0.15	0.0	-0.29	0.25	TSPH
ITMSF	-0.52	-0.1		-0.73	0.0	0.67	-0.64	0.0	-0.29	-0.19	ITMSF
BGOPF	0.62	0.23	-0.73		0.0	-0.79	0.69	0.0	0.06	0.37	BGOPF
ADPXY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	ADPXY
SYZLF	-0.78	-0.62	0.67	-0.79	0.0		-0.52	0.0	-0.01	-0.3	SYZLF
BCRD	0.29	-0.15	-0.64	0.69	0.0	-0.52		0.0	0.13	0.25	BCRD
AELTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AELTF
MTWO	-0.27	-0.29	-0.29	0.06	0.0	-0.01	0.13	0.0		-0.17	MTWO
APXYY	0.39	0.25	-0.19	0.37	0.0	-0.3	0.25	0.0	-0.17		APXYY
	XTRAF	TSPH	ITMSF	BGOPF	ADPXY	SYZLF	BCRD	AELTF	MTWO	APXYY

Please upgrade your account to get full access to Macroaxis premium features

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

TSPH	+ 0.7	XTRAF
BCRD	+ 0.69	BGOPF
SYZLF	+ 0.67	ITMSF
BGOPF	+ 0.62	XTRAF
APXYY	+ 0.39	XTRAF
APXYY	+ 0.37	BGOPF

High negative correlations

SYZLF	- 0.79	BGOPF
SYZLF	- 0.78	XTRAF
BGOPF	- 0.73	ITMSF
BCRD	- 0.64	ITMSF
SYZLF	- 0.62	TSPH
BCRD	- 0.52	SYZLF

Risk-Adjusted Indicators

There is a big difference between Mach7 OTC Stock performing well and Mach7 Technologies OTC Stock 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 Mach7 Technologies' 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
XTRAF	4.62	1.53	0.30	1.30	3.76	(6.73)	13.95	(6.12)	40.56
TSPH	3.43	0.73	0.10	(3.04)	3.61	(5.87)	9.68	(6.67)	26.67
ITMSF	2.36	(0.38)	0.00	(0.26)	0.00	0.00	5.39	(5.13)	16.73
BGOPF	1.16	0.41	0.00	0.92	0.00	0.00	0.00	0.00	38.89
ADPXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SYZLF	2.31	(0.71)	0.00	(0.39)	0.00	0.00	4.70	(5.17)	19.50
BCRD	2.52	0.56	0.04	2.51	3.45	(7.50)	8.46	(4.80)	39.42
AELTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTWO	4.16	(0.25)	0.00	(0.05)	0.00	0.00	9.09	(8.33)	32.05
APXYY	5.41	0.45	0.03	0.34	6.68	(18.47)	15.38	(16.67)	95.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mach7 Technologies 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 Companies Directory Now

Companies Directory

Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals

All Next

Launch Module

Mach7 Technologies Corporate Management

Elected by the shareholders, the Mach7 Technologies' board of directors comprises two types of representatives: Mach7 Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mach7. The board's role is to monitor Mach7 Technologies' management team and ensure that shareholders' interests are well served. Mach7 Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mach7 Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Bob Tranchida	VP Marketing	Profile
Michael Lampron	MD CEO	Profile
Rebecca Thompson	Head Relations	Profile
Steven Parkes	Global Officer	Profile
David Madaffri	Ex VP	Profile
Veronique MorganSmith	Company Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC