Cochlear Correlations

CHEOF Stock

USD 174.02 12.42 6.66%

The current 90-days correlation between Cochlear Limited and Bangkok Dusit Medical is 0.02 (i.e., Significant diversification). The correlation of Cochlear 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.

Cochlear Correlation With Market

Average diversification

The correlation between Cochlear Limited and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cochlear Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Cochlear Pink Sheet

0.37	WF	Woori Financial Group	Pair Corr
0.33	EW	Edwards Lifesciences Corp	Pair Corr
0.32	VFS	VinFast Auto	Pair Corr
0.62	DIALF	Dialight plc	Pair Corr
0.48	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.4	MRNA	Moderna Aggressive Push	Pair Corr
0.4	DVNHF	Frontier Services	Pair Corr
0.39	AXP	American Express	Pair Corr
0.35	SPPCF	Steppe Cement	Pair Corr
0.64	HSYDF	Harmonic Drive Systems	Pair Corr
0.48	NTR	Nutrien	Pair Corr
0.46	BJRI	BJs Restaurants	Pair Corr
0.46	EBRZF	Enbridge	Pair Corr

Related Correlations Analysis

	BDUUY	ERFSF	ALBBY	FSPKF	SONVF	SONVY	ORINF	WILLF	WILYY	SSSGY
BDUUY		-0.05	-0.07	0.0	-0.02	0.01	0.02	-0.13	0.02	-0.03	BDUUY
ERFSF	-0.05		0.16	0.33	0.4	0.42	-0.06	0.17	0.08	0.64	ERFSF
ALBBY	-0.07	0.16		-0.47	0.48	0.55	-0.57	0.65	0.65	-0.24	ALBBY
FSPKF	0.0	0.33	-0.47		-0.39	-0.39	0.38	-0.43	-0.59	0.73	FSPKF
SONVF	-0.02	0.4	0.48	-0.39		0.91	-0.46	0.58	0.81	-0.09	SONVF
SONVY	0.01	0.42	0.55	-0.39	0.91		-0.63	0.7	0.81	-0.15	SONVY
ORINF	0.02	-0.06	-0.57	0.38	-0.46	-0.63		-0.82	-0.61	0.43	ORINF
WILLF	-0.13	0.17	0.65	-0.43	0.58	0.7	-0.82		0.7	-0.37	WILLF
WILYY	0.02	0.08	0.65	-0.59	0.81	0.81	-0.61	0.7		-0.47	WILYY
SSSGY	-0.03	0.64	-0.24	0.73	-0.09	-0.15	0.43	-0.37	-0.47		SSSGY
	BDUUY	ERFSF	ALBBY	FSPKF	SONVF	SONVY	ORINF	WILLF	WILYY	SSSGY

Please upgrade your account to get full access to Macroaxis premium features

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

SONVY	+ 0.91	SONVF
WILYY	+ 0.81	SONVF
WILYY	+ 0.81	SONVY
SSSGY	+ 0.73	FSPKF
WILLF	+ 0.7	SONVY
WILYY	+ 0.7	WILLF

High negative correlations

WILLF	- 0.82	ORINF
ORINF	- 0.63	SONVY
WILYY	- 0.61	ORINF
WILYY	- 0.59	FSPKF
ORINF	- 0.57	ALBBY
SSSGY	- 0.47	WILYY

Risk-Adjusted Indicators

There is a big difference between Cochlear Pink Sheet performing well and Cochlear 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 Cochlear'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
BDUUY	0.31	(0.12)	0.00	(1.21)	0.00	0.00	0.00	0.00	2.68
ERFSF	2.59	0.19	0.04	0.42	3.09	(2.83)	5.80	(5.79)	13.80
ALBBY	1.05	0.08	0.00	0.58	1.69	(7.04)	4.44	(3.60)	15.36
FSPKF	1.42	0.27	0.00	(0.91)	0.00	0.00	0.00	0.00	51.10
SONVF	1.22	0.00	(0.01)	0.09	1.71	(1.98)	4.23	(3.37)	12.34
SONVY	1.10	(0.07)	(0.05)	0.01	1.59	(1.15)	2.62	(1.99)	9.84
ORINF	2.00	1.06	0.00	(1.83)	0.00	0.00	0.00	0.00	67.11
WILLF	0.43	(0.02)	(0.02)	(0.12)	1.23	(2.02)	2.32	(1.28)	11.63
WILYY	0.55	(0.09)	0.00	(0.12)	0.00	0.00	1.86	(0.43)	12.45
SSSGY	1.02	0.44	0.00	(3.19)	0.00	0.00	0.00	0.00	21.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cochlear 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?

Run Latest Portfolios Now

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios

All Next

Launch Module

Cochlear Corporate Management

David Hackshall	Chief Officer	Profile
MBA BE	MD, CEO	Profile
Richard MBA	Pres EMEA	Profile
Jennifer Stevenson	VP Brand	Profile

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

2026 Macroaxis LLC