CompuMed Correlations

CMPD Stock

USD 3.02 0.25 7.65%

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

Good diversification

The correlation between CompuMed and DJI is -0.1 (i.e., Good 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 against CompuMed Pink Sheet

0.79	STAG	STAG Industrial	Pair Corr
0.77	PBCRY	Bank Central Asia	Pair Corr
0.7	ARRXF	Archer Materials	Pair Corr
0.68	SHG	Shinhan Financial	Pair Corr
0.6	68233JBP8	US68233JBP84	Pair Corr
0.58	HE	Hawaiian Electric	Pair Corr
0.57	PBCRF	PT Bank Central	Pair Corr
0.57	BAC	Bank of America Aggressive Push	Pair Corr
0.56	PPERY	Bank Mandiri Persero	Pair Corr
0.55	SMGKF	Smiths Group plc	Pair Corr
0.41	KB	KB Financial Group	Pair Corr
0.4	SHIP	Seanergy Maritime	Pair Corr
0.36	HL	Hecla Mining Aggressive Push	Pair Corr
0.32	NOEM	CO2 Energy Transition	Pair Corr
0.71	CHACR	Crane Harbor Acquisition	Pair Corr
0.7	ADC	Agree Realty	Pair Corr
0.68	KYOCF	Kyocera	Pair Corr
0.66	EGP	EastGroup Properties	Pair Corr
0.6	APGE	Apogee Therapeutics,	Pair Corr
0.59	GM	General Motors	Pair Corr
0.57	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr
0.55	CX	Cemex SAB de Aggressive Push	Pair Corr
0.52	REGN	Regeneron Pharmaceuticals	Pair Corr
0.51	DNLMY	Dunelm Group PLC	Pair Corr

Related Correlations Analysis

	DOGP	HLYK	TDSGF	FNAM	TGIFF	CNGGF	CLABF	RSCF	CPMV	VYCO
DOGP		0.23	0.74	0.0	0.25	-0.42	0.46	0.46	0.49	-0.26	DOGP
HLYK	0.23		0.35	0.0	0.18	-0.27	0.72	0.05	-0.12	0.09	HLYK
TDSGF	0.74	0.35		0.0	0.18	-0.2	0.5	0.46	0.21	-0.07	TDSGF
FNAM	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FNAM
TGIFF	0.25	0.18	0.18	0.0		-0.44	0.02	0.31	-0.16	-0.45	TGIFF
CNGGF	-0.42	-0.27	-0.2	0.0	-0.44		-0.07	0.05	-0.1	0.25	CNGGF
CLABF	0.46	0.72	0.5	0.0	0.02	-0.07		0.23	0.09	0.2	CLABF
RSCF	0.46	0.05	0.46	0.0	0.31	0.05	0.23		0.08	-0.06	RSCF
CPMV	0.49	-0.12	0.21	0.0	-0.16	-0.1	0.09	0.08		-0.2	CPMV
VYCO	-0.26	0.09	-0.07	0.0	-0.45	0.25	0.2	-0.06	-0.2		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

TDSGF	+ 0.74	DOGP
CLABF	+ 0.72	HLYK
CLABF	+ 0.5	TDSGF
CPMV	+ 0.49	DOGP
CLABF	+ 0.46	DOGP
RSCF	+ 0.46	DOGP

High negative correlations

VYCO	- 0.45	TGIFF
CNGGF	- 0.44	TGIFF
CNGGF	- 0.42	DOGP
CNGGF	- 0.27	HLYK
VYCO	- 0.26	DOGP
VYCO	- 0.2	CPMV

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	4.11	(0.76)	0.00	(0.47)	0.00	0.00	7.43	(10.78)	33.75
HLYK	5.91	(0.38)	0.00	0.46	0.00	0.00	13.77	(13.10)	50.43
TDSGF	5.45	0.28	0.02	0.19	7.79	(11.70)	17.50	(18.37)	49.85
FNAM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TGIFF	12.12	1.80	0.10	(46.85)	13.51	(14.71)	28.17	(22.50)	104.76
CNGGF	11.68	4.23	0.00	(0.61)	0.00	0.00	13.21	(9.09)	265.50
CLABF	3.52	(1.84)	0.00	(2.99)	0.00	0.00	0.00	(0.45)	102.88
RSCF	2.70	0.01	0.00	0.07	0.00	0.00	20.00	(16.67)	45.00
CPMV	15.43	2.23	0.07	(1.16)	15.68	(44.50)	64.71	(41.43)	207.10
VYCO	2.92	0.12	0.00	0.18	0.00	0.00	11.11	(11.11)	55.00

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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