Camurus AB Correlations

CAMRF Stock

USD 69.70 5.48 8.53%

The correlation of Camurus AB 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.

Camurus AB Correlation With Market

Good diversification

The correlation between Camurus AB 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 Camurus AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Camurus AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Camurus AB 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 Camurus AB - 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 Camurus AB to buy it.

Moving together with Camurus OTC Stock

0.67	MSFT	Microsoft Sell-off Trend	Pair Corr
0.7	META	Meta Platforms	Pair Corr

Moving against Camurus OTC Stock

0.67	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.63	AAPL	Apple Inc	Pair Corr
0.63	REGN	Regeneron Pharmaceuticals	Pair Corr
0.55	BMYMP	Bristol Myers Squibb	Pair Corr
0.54	AKAM	Akamai Technologies	Pair Corr
0.52	STAG	STAG Industrial	Pair Corr
0.47	PHAR	Pharming Group NV	Pair Corr
0.47	EGP	EastGroup Properties	Pair Corr
0.4	BAC	Bank of America Aggressive Push	Pair Corr
0.39	68233JBP8	US68233JBP84	Pair Corr
0.37	AMZN	Amazon Inc	Pair Corr
0.35	CLRI	Cleartronic	Pair Corr
0.34	AVGO	Broadcom Aggressive Push	Pair Corr
0.34	AA	Alcoa Corp	Pair Corr
0.8	CHACR	Crane Harbor Acquisition	Pair Corr
0.67	DNLMY	Dunelm Group PLC	Pair Corr
0.64	RLMD	Relmada Therapeutics	Pair Corr
0.6	SHIP	Seanergy Maritime	Pair Corr
0.59	APGE	Apogee Therapeutics,	Pair Corr
0.55	CX	Cemex SAB de Aggressive Push	Pair Corr
0.55	GM	General Motors	Pair Corr
0.52	AAL	American Airlines	Pair Corr
0.48	KYOCF	Kyocera	Pair Corr

Related Correlations Analysis

	LABFF	SNPHF	GNNSF	AKBLF	AMBBY	INCPF	SHJBF	TLPPF	LVZPF	GLPGF
LABFF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	LABFF
SNPHF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SNPHF
GNNSF	0.0	0.0		-0.18	-0.12	-0.04	0.23	0.0	0.0	0.33	GNNSF
AKBLF	0.0	0.0	-0.18		-0.7	-0.85	-0.29	-0.46	0.0	-0.49	AKBLF
AMBBY	0.0	0.0	-0.12	-0.7		0.9	0.24	0.53	0.0	0.4	AMBBY
INCPF	0.0	0.0	-0.04	-0.85	0.9		0.32	0.61	0.0	0.48	INCPF
SHJBF	0.0	0.0	0.23	-0.29	0.24	0.32		0.77	0.0	0.6	SHJBF
TLPPF	0.0	0.0	0.0	-0.46	0.53	0.61	0.77		0.0	0.67	TLPPF
LVZPF	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LVZPF
GLPGF	0.0	0.0	0.33	-0.49	0.4	0.48	0.6	0.67	0.0		GLPGF
	LABFF	SNPHF	GNNSF	AKBLF	AMBBY	INCPF	SHJBF	TLPPF	LVZPF	GLPGF

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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

INCPF	+ 0.9	AMBBY
TLPPF	+ 0.77	SHJBF
GLPGF	+ 0.67	TLPPF
TLPPF	+ 0.61	INCPF
GLPGF	+ 0.6	SHJBF
TLPPF	+ 0.53	AMBBY

High negative correlations

LVZPF	- 1.0	LABFF
INCPF	- 0.85	AKBLF
AMBBY	- 0.7	AKBLF
GLPGF	- 0.49	AKBLF
TLPPF	- 0.46	AKBLF
SHJBF	- 0.29	AKBLF

Risk-Adjusted Indicators

There is a big difference between Camurus OTC Stock performing well and Camurus AB 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 Camurus AB'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
LABFF	0.00	0.00	0.00	0.00	0.00	0.00
SNPHF	0.00	0.00	0.00	0.00	0.00	0.00
GNNSF	0.91	(0.05)	(7.01)	0.00	(2.27)	22.81
AKBLF	0.66	0.29	1.01	2.01	0.00	13.65
AMBBY	1.23	(0.21)	(0.19)	3.66	(5.03)	26.33
INCPF	1.18	(0.68)	(0.86)	0.00	0.00	29.14
SHJBF	0.89	(0.37)	(0.93)	0.00	0.00	36.95
TLPPF	2.76	(0.29)	(0.51)	5.74	(6.48)	20.57
LVZPF	0.00	0.00	0.00	0.00	0.00	0.00
GLPGF	0.20	(0.13)	(0.58)	0.00	0.00	6.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Camurus AB 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.

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