CVR Medical Correlations

Stocks . Germany . 
Stock . CVR Medical Corp
B3BN Stock   0.01  0.00  0.00%   
The correlation of CVR Medical 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. If the correlation is 0, the equities are not correlated; they are entirely random.
  
The ability to find closely correlated positions to CVR Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVR Medical 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 CVR Medical - 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 CVR Medical Corp to buy it.

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CVR Stock performing well and CVR Medical 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 CVR Medical'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.93  0.10  0.06  0.57  1.26 
(0.92)
 1.81 
(1.96)
 5.99 
APC  0.95  0.11  0.06  1.09  1.33 
(0.92)
 1.81 
(2.14)
 5.62 
APC  0.93  0.11  0.06  1.89  1.23 
(0.94)
 1.85 
(1.96)
 5.17 
APC  0.92  0.11  0.05  0.97  1.49 
(0.84)
 1.94 
(2.22)
 6.57 
APC  0.93  0.09  0.06 (1.91) 1.14 
(0.98)
 2.33 
(1.94)
 6.90 
APC  0.91  0.09  0.05  0.33  1.39 
(0.86)
 1.67 
(2.15)
 6.16 
MSF  0.97  0.16  0.10  1.10  1.30 
(1.10)
 2.60 
(1.61)
 8.71 
MSF  1.05  0.15  0.08  0.70  1.44 
(1.15)
 3.08 
(2.16)
 9.11 
MSF  1.06  0.15  0.09  0.73  1.47 
(1.26)
 2.43 
(1.93)
 11.42 
MSF  0.93  0.15  0.08  3.30  1.41 
(0.98)
 2.04 
(1.84)
 8.79 

CVR Medical Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CVR Medical stock to make a market-neutral strategy. Peer analysis of CVR Medical could also be used in its relative valuation, which is a method of valuing CVR Medical by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY