ALR Technologies Correlations
| ALRTF Stock | 0 0 38.33% |
The current 90-days correlation between ALR Technologies and Aurora Spine is 0.06 (i.e., Significant diversification). The correlation of ALR 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.
ALR Technologies Correlation With Market
Significant diversification
The correlation between ALR Technologies and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALR Technologies and DJI in the same portfolio, assuming nothing else is changed.
ALR |
The ability to find closely correlated positions to ALR 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 ALR 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 ALR 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 ALR Technologies to buy it.
Moving together with ALR OTC Stock
| 0.64 | MDT | Medtronic PLC | PairCorr |
| 0.69 | PHG | Koninklijke Philips Earnings Call This Week | PairCorr |
| 0.72 | SHG | Shinhan Financial | PairCorr |
Moving against ALR OTC Stock
| 0.74 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.73 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.73 | MFG | Mizuho Financial | PairCorr |
| 0.71 | BSX | Boston Scientific Corp | PairCorr |
| 0.71 | DXCM | DexCom Inc | PairCorr |
| 0.66 | MZHOF | Mizuho Financial | PairCorr |
| 0.61 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.59 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.48 | EW | Edwards Lifesciences Corp Sell-off Trend | PairCorr |
| 0.82 | OPFI | OppFi Inc | PairCorr |
| 0.81 | EXEEW | Expand Energy Symbol Change | PairCorr |
| 0.79 | LNG | Cheniere Energy | PairCorr |
| 0.69 | FTNT | Fortinet | PairCorr |
| 0.67 | MGNI | Magnite | PairCorr |
| 0.65 | DUOL | Duolingo | PairCorr |
| 0.59 | MITQ | Moving iMage Technologies | PairCorr |
| 0.59 | TRGP | Targa Resources | PairCorr |
| 0.58 | API | Agora Inc Trending | PairCorr |
| 0.55 | 17298CHT8 | US17298CHT80 | PairCorr |
| 0.54 | ALCO | Alico Inc | PairCorr |
| 0.49 | JPHLF | Japan Post Holdings | PairCorr |
| 0.49 | DATS | DatChat | PairCorr |
| 0.48 | XPO | XPO Logistics | PairCorr |
| 0.41 | SCWX | Secureworks Corp | PairCorr |
| 0.36 | SF | Stifel Financial Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.14 | 0.0 | -0.69 | -0.31 | ASAPF | ||
| 0.14 | 0.0 | 0.01 | 0.64 | AIMDW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | ARMM | ||
| -0.69 | 0.01 | 0.0 | 0.36 | CLLKF | ||
| -0.31 | 0.64 | 0.0 | 0.36 | BBLGW | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between ALR OTC Stock performing well and ALR 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 ALR 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASAPF | 3.43 | 0.78 | 0.13 | 10.52 | 3.22 | 10.34 | 36.13 | |||
| AIMDW | 24.16 | 7.41 | 0.26 | (1.74) | 16.93 | 89.13 | 199.51 | |||
| ARMM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLLKF | 2.51 | (0.86) | 0.00 | (1.60) | 0.00 | 3.61 | 33.93 | |||
| BBLGW | 7.31 | 2.65 | 0.00 | (0.72) | 0.00 | 9.71 | 183.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ALR 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?
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ALR Technologies Corporate Management
Elected by the shareholders, the ALR Technologies' board of directors comprises two types of representatives: ALR Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ALR. The board's role is to monitor ALR Technologies' management team and ensure that shareholders' interests are well served. ALR 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, ALR Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joe Stern | Head Health | Profile | |
| Barbara Dubiel | Consultant | Profile | |
| John Tolentino | Consultant | Profile | |
| Jacqueline Wu | Head Marketing | Profile | |
| III MD | Medical Consultant | Profile | |
| Sidney Chan | CEO, Chairman | Profile | |
| Mark Uy | Consultant | Profile |