CompuMed Correlations

CMPD Stock

USD 4.97 0.11 2.26%

The correlation of CompuMed 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.

CompuMed Correlation With Market

Poor diversification

The correlation between CompuMed and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompuMed and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CompuMed Pink Sheet

0.69	BKRKY	Bank Rakyat	Pair Corr
0.74	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.72	JPSTF	JAPAN POST BANK	Pair Corr
0.76	MZHOF	Mizuho Financial	Pair Corr
0.63	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr
0.81	VKQ	Invesco Municipal Trust	Pair Corr
0.73	OXY	Occidental Petroleum Aggressive Push	Pair Corr
0.74	CGON	CG Oncology Common	Pair Corr
0.88	SBKO	Summit Bank Group	Pair Corr
0.76	BNL	Broadstone Net Lease Sell-off Trend	Pair Corr
0.86	ESCA	Escalade Incorporated	Pair Corr
0.81	MFGCF	Mayfair Gold Corp	Pair Corr
0.79	TWMIF	Tidewater Midstream and Earnings Call This Week	Pair Corr
0.75	GEL	Genesis Energy LP	Pair Corr
0.89	NTRSO	Northern Trust	Pair Corr
0.82	SOJE	Southern Company	Pair Corr
0.84	CMI	Cummins	Pair Corr
0.77	GL-PD	Globe Life 425	Pair Corr
0.8	TDY	Teledyne Technologies	Pair Corr
0.64	GRBK	Green Brick Partners Downward Rally	Pair Corr
0.7	ALFVF	Alfa Laval AB	Pair Corr
0.72	MEEEF	Metal Energy Corp	Pair Corr
0.75	CCL	Carnival	Pair Corr
0.7	FMFP	First Community Financial	Pair Corr
0.64	VHI	Valhi Inc Earnings Call This Week	Pair Corr

Moving against CompuMed Pink Sheet

0.81	PBCRY	Bank Central Asia	Pair Corr
0.33	RVTI	Rival Technologies	Pair Corr

Related Correlations Analysis

	DOGP	HLYK	TDSGF	FNAM	TGIFF	CNGGF	CLABF	RSCF	CPMV	VYCO
DOGP		0.02	-0.26	0.0	0.01	0.04	0.3	-0.16	0.23	0.18	DOGP
HLYK	0.02		-0.28	0.0	-0.05	-0.24	-0.53	0.05	0.18	-0.72	HLYK
TDSGF	-0.26	-0.28		0.0	0.15	-0.14	-0.33	0.34	-0.23	-0.05	TDSGF
FNAM	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FNAM
TGIFF	0.01	-0.05	0.15	0.0		-0.3	-0.35	0.27	-0.33	-0.09	TGIFF
CNGGF	0.04	-0.24	-0.14	0.0	-0.3		0.44	0.06	0.23	0.32	CNGGF
CLABF	0.3	-0.53	-0.33	0.0	-0.35	0.44		-0.43	0.09	0.75	CLABF
RSCF	-0.16	0.05	0.34	0.0	0.27	0.06	-0.43		-0.05	-0.3	RSCF
CPMV	0.23	0.18	-0.23	0.0	-0.33	0.23	0.09	-0.05		-0.08	CPMV
VYCO	0.18	-0.72	-0.05	0.0	-0.09	0.32	0.75	-0.3	-0.08		VYCO
	DOGP	HLYK	TDSGF	FNAM	TGIFF	CNGGF	CLABF	RSCF	CPMV	VYCO

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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

VYCO	+ 0.75	CLABF
CLABF	+ 0.44	CNGGF
RSCF	+ 0.34	TDSGF
VYCO	+ 0.32	CNGGF
CLABF	+ 0.3	DOGP
RSCF	+ 0.27	TGIFF

High negative correlations

VYCO	- 0.72	HLYK
CLABF	- 0.53	HLYK
RSCF	- 0.43	CLABF
CLABF	- 0.35	TGIFF
CPMV	- 0.33	TGIFF
CLABF	- 0.33	TDSGF

Risk-Adjusted Indicators

There is a big difference between CompuMed Pink Sheet performing well and CompuMed 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 CompuMed'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
DOGP	5.46	(0.12)	0.00	(0.06)	0.00	0.00	11.04	(15.23)	42.62
HLYK	9.04	2.55	0.17	(8.41)	10.06	(11.99)	29.71	(16.84)	81.02
TDSGF	3.76	0.38	0.02	0.52	5.86	(10.79)	15.63	(8.57)	48.57
FNAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGIFF	13.87	2.19	0.09	(0.25)	15.50	(15.97)	28.77	(28.42)	114.47
CNGGF	2.63	(0.97)	0.00	1.29	0.00	0.00	0.00	(1.59)	67.50
CLABF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RSCF	2.28	0.00	0.00	0.08	0.00	0.00	6.00	(5.66)	45.00
CPMV	12.06	2.10	0.11	2.19	11.32	(32.78)	51.52	(22.00)	128.48
VYCO	4.61	(0.39)	0.00	(0.14)	0.00	0.00	18.28	(16.67)	66.67

Be your own money manager

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