Thermo Fisher Correlations
| TMOS34 Stock | BRL 49.84 0.91 1.86% |
The current 90-days correlation between Thermo Fisher Scientific and Danaher is 0.58 (i.e., Very weak diversification). The correlation of Thermo Fisher 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.
Thermo Fisher Correlation With Market
Good diversification
The correlation between Thermo Fisher Scientific and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thermo Fisher Scientific and DJI in the same portfolio, assuming nothing else is changed.
Thermo |
The ability to find closely correlated positions to Thermo Fisher could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thermo Fisher 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 Thermo Fisher - 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 Thermo Fisher Scientific to buy it.
Moving together with Thermo Stock
| 0.63 | AAPL34 | Apple Inc | PairCorr |
| 0.64 | BERK34 | Berkshire Hathaway | PairCorr |
| 0.83 | UNHH34 | UnitedHealth Group | PairCorr |
| 0.62 | JNJB34 | Johnson Johnson | PairCorr |
Moving against Thermo Stock
| 0.78 | ITUB4 | Ita Unibanco Holding | PairCorr |
| 0.74 | I1DX34 | IDEXX Laboratories, | PairCorr |
| 0.68 | LVTC3 | Livetech da Bahia | PairCorr |
| 0.68 | MUTC34 | Micron Technology | PairCorr |
| 0.66 | D1EX34 | DexCom Inc Earnings Call This Week | PairCorr |
| 0.64 | MSFT34 | Microsoft | PairCorr |
| 0.62 | A1GI34 | Agilent Technologies | PairCorr |
| 0.62 | MRFG3 | Marfrig Global Foods | PairCorr |
| 0.59 | TSLA34 | Tesla Inc Earnings Call Tomorrow | PairCorr |
| 0.53 | AMZO34 | Amazon Inc | PairCorr |
| 0.35 | GOGL34 | Alphabet Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thermo Stock performing well and Thermo Fisher 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 Thermo Fisher'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TMOS34 | 1.45 | (0.13) | 0.00 | 1.71 | 0.00 | 2.22 | 12.69 | |||
| DHER34 | 1.52 | (0.08) | 0.00 | 1.88 | 0.00 | 2.65 | 9.94 | |||
| I1DX34 | 0.94 | 0.39 | 0.17 | 12.69 | 0.00 | 3.78 | 13.49 | |||
| D1EX34 | 1.21 | 0.22 | 0.05 | 23.27 | 0.99 | 3.44 | 18.84 | |||
| I1QV34 | 0.52 | 0.00 | 0.00 | 0.12 | 0.00 | 0.41 | 14.67 | |||
| A1GI34 | 0.54 | 0.17 | 0.00 | 2.62 | 0.00 | 3.05 | 10.50 | |||
| DASA3 | 1.43 | (0.60) | 0.00 | (2.66) | 0.00 | 3.53 | 9.40 | |||
| AALR3 | 2.86 | 0.17 | (0.02) | (0.06) | 4.35 | 7.33 | 18.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thermo Fisher 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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Thermo Fisher Corporate Management
Elected by the shareholders, the Thermo Fisher's board of directors comprises two types of representatives: Thermo Fisher inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thermo. The board's role is to monitor Thermo Fisher's management team and ensure that shareholders' interests are well served. Thermo Fisher's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Thermo Fisher's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karen Nelson | Chief Board | Profile | |
| Ryan Snyder | VP Officer | Profile | |
| Michael Esq | Gen VP | Profile | |
| Rafael Tejada | VP Relations | Profile | |
| Joseph Holmes | VP Officer | Profile |