Check Cap Correlations
| 7CC Stock | EUR 1.46 0.00 0.00% |
The current 90-days correlation between Check Cap and Park Hotels Resorts is 0.2 (i.e., Modest diversification). The correlation of Check Cap 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.
Check Cap Correlation With Market
Average diversification
The correlation between Check Cap and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Check Cap and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Check Cap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Check Cap 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 Check Cap - 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 Check Cap to buy it.
Moving against Check Stock
| 0.75 | TN8 | Thermo Fisher Scientific | PairCorr |
| 0.74 | AG8 | Agilent Technologies | PairCorr |
| 0.73 | QTS | IQVIA Holdings | PairCorr |
| 0.65 | SSU | Samsung Electronics | PairCorr |
| 0.63 | DAP | Danaher | PairCorr |
| 0.63 | SSUN | Samsung Electronics | PairCorr |
| 0.61 | DAP | Danaher | PairCorr |
| 0.6 | IX1 | IDEXX Laboratories | PairCorr |
| 0.6 | SSUN | Samsung Electronics | PairCorr |
| 0.58 | SSU | Samsung Electronics | PairCorr |
| 0.85 | HUP1 | Huaneng Power Intern | PairCorr |
| 0.8 | XSDG | Samsung SDI | PairCorr |
| 0.77 | HY9H | SK hynix | PairCorr |
| 0.66 | HXL | Hexcel | PairCorr |
| 0.59 | P911 | Dr Ing hcF | PairCorr |
| 0.54 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.37 | NYT | NEW YORK TIMES | PairCorr |
| 0.33 | ARRD | ArcelorMittal SA | PairCorr |
| 0.33 | 2IX | Georgia Capital PLC | PairCorr |
| 0.74 | IBE5 | IBERDROLA ADR1 EO | PairCorr |
| 0.7 | APC | Apple Inc | PairCorr |
Related Correlations Analysis
| -0.01 | 0.45 | 0.24 | 0.47 | HIP | ||
| -0.01 | 0.33 | 0.37 | -0.12 | CDZ0 | ||
| 0.45 | 0.33 | 0.27 | -0.04 | LNSX | ||
| 0.24 | 0.37 | 0.27 | -0.24 | UF2 | ||
| 0.47 | -0.12 | -0.04 | -0.24 | MEL | ||
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 Check Stock performing well and Check Cap 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 Check Cap'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HIP | 1.56 | (0.13) | 0.00 | (0.11) | 0.00 | 3.93 | 10.40 | |||
| CDZ0 | 1.57 | (0.08) | 0.00 | (0.05) | 0.00 | 3.50 | 15.75 | |||
| LNSX | 1.68 | (0.17) | 0.00 | (0.27) | 0.00 | 4.95 | 18.24 | |||
| UF2 | 1.19 | (0.09) | 0.00 | (1.26) | 0.00 | 1.99 | 8.42 | |||
| MEL | 1.07 | 0.08 | 0.01 | 0.64 | 1.16 | 2.85 | 5.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Check Cap 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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Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
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Check Cap Corporate Executives
Elected by the shareholders, the Check Cap's board of directors comprises two types of representatives: Check Cap inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Check. The board's role is to monitor Check Cap's management team and ensure that shareholders' interests are well served. Check Cap'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, Check Cap's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yoav Kimchy | Founder Officer | Profile |