Braxia Scientific Correlations
| BRAXF Stock | USD 0 0 33.33% |
The current 90-days correlation between Braxia Scientific Corp and MedMira is -0.02 (i.e., Good diversification). The correlation of Braxia Scientific 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.
Braxia Scientific Correlation With Market
Good diversification
The correlation between Braxia Scientific Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Braxia Scientific Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Braxia Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Braxia Scientific 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 Braxia Scientific - 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 Braxia Scientific Corp to buy it.
Moving against Braxia Pink Sheet
| 0.5 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.46 | CSLLY | CSL | PairCorr |
| 0.46 | CMXHF | CSL Limited | PairCorr |
| 0.42 | NVO | Novo Nordisk AS | PairCorr |
| 0.39 | NONOF | Novo Nordisk AS | PairCorr |
| 0.38 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.36 | QSAM | Qsam Biosciences | PairCorr |
Related Correlations Analysis
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Braxia Scientific Corporate Management
| Joshua Rosenblat | Chief Officer | Profile | |
| Roger McIntyre | Chairman CEO | Profile | |
| Stephen Brooks | Chief Officer | Profile | |
| Peter Rizakos | G Counsel | Profile | |
| Jason Wolkove | Chief Officer | Profile |