Creative Medical Correlations
| CELZ Stock | USD 1.97 0.01 0.51% |
The current 90-days correlation between Creative Medical Tec and Biocardia is 0.15 (i.e., Average diversification). The correlation of Creative 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.
Creative Medical Correlation With Market
Average diversification
The correlation between Creative Medical Technology and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Creative Medical Technology and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Creative Stock
| 0.74 | PG | Procter Gamble | PairCorr |
| 0.72 | HPQ | HP Inc | PairCorr |
| 0.71 | HD | Home Depot | PairCorr |
| 0.84 | MSFT | Microsoft | PairCorr |
Moving against Creative Stock
| 0.84 | FTV | Fortive Corp | PairCorr |
| 0.76 | MRK | Merck Company | PairCorr |
| 0.73 | TRV | The Travelers Companies | PairCorr |
| 0.72 | CSCO | Cisco Systems | PairCorr |
| 0.69 | AMGN | Amgen Inc | PairCorr |
| 0.66 | CAT | Caterpillar | PairCorr |
| 0.63 | JPM | JPMorgan Chase | PairCorr |
| 0.63 | BAC | Bank of America | PairCorr |
| 0.62 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.55 | AXP | American Express | PairCorr |
| 0.47 | MCD | McDonalds | PairCorr |
| 0.41 | GILD | Gilead Sciences | PairCorr |
| 0.4 | KO | Coca Cola | PairCorr |
| 0.34 | IBM | International Business | PairCorr |
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Creative Stock performing well and Creative 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 Creative 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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCDA | 2.98 | (0.06) | 0.00 | 0.02 | 3.54 | 7.03 | 23.03 | |||
| ACXP | 6.42 | (0.13) | 0.00 | (0.03) | 0.00 | 10.99 | 100.00 | |||
| APRE | 3.10 | (0.89) | 0.00 | (0.34) | 0.00 | 4.40 | 17.87 | |||
| HCWB | 5.07 | (1.71) | 0.00 | (0.51) | 0.00 | 13.02 | 42.33 | |||
| ADIL | 2.91 | (0.58) | 0.00 | (0.38) | 0.00 | 5.71 | 18.11 | |||
| ALZN | 2.83 | (0.37) | 0.00 | (0.17) | 0.00 | 5.86 | 21.59 | |||
| KPRX | 2.69 | (0.50) | 0.00 | (0.29) | 0.00 | 5.32 | 21.80 | |||
| CDIO | 4.79 | (0.53) | 0.00 | (0.08) | 0.00 | 8.44 | 38.04 | |||
| PHIO | 2.96 | (1.32) | 0.00 | (0.43) | 0.00 | 3.87 | 19.15 | |||
| ADXN | 4.60 | 0.01 | 0.00 | 0.06 | 5.36 | 9.79 | 46.27 |
Creative Medical Corporate Executives
Elected by the shareholders, the Creative Medical's board of directors comprises two types of representatives: Creative Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Creative. The board's role is to monitor Creative Medical's management team and ensure that shareholders' interests are well served. Creative Medical'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, Creative Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Donald MBA | CFO VP | Profile |