CompuGroup Medical Correlations
| CMPVFDelisted Stock | USD 23.85 0.00 0.00% |
The current 90-days correlation between CompuGroup Medical and Biotage AB is -0.41 (i.e., Very good diversification). The correlation of CompuGroup 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.
CompuGroup Medical Correlation With Market
Poor diversification
The correlation between CompuGroup Medical SE and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CompuGroup Medical SE and DJI in the same portfolio, assuming nothing else is changed.
CompuGroup |
The ability to find closely correlated positions to CompuGroup Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CompuGroup Medical 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 CompuGroup Medical - 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 CompuGroup Medical SE to buy it.
Moving together with CompuGroup Pink Sheet
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| 0.63 | BMYMP | Bristol Myers Squibb Earnings Call This Week | PairCorr |
| 0.65 | TSM | Taiwan Semiconductor | PairCorr |
| 0.67 | ACN | Accenture plc | PairCorr |
| 0.63 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.87 | AA | Alcoa Corp | PairCorr |
| 0.78 | BA | Boeing Sell-off Trend | PairCorr |
Moving against CompuGroup Pink Sheet
| 0.64 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.57 | MSFT | Microsoft | PairCorr |
| 0.45 | PTAIF | PT Astra International | PairCorr |
| 0.44 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.8 | HPQ | HP Inc | PairCorr |
| 0.54 | MMM | 3M Company | PairCorr |
| 0.54 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between CompuGroup Pink Sheet performing well and CompuGroup 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 CompuGroup 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DGWPF | 0.22 | 0.09 | 0.00 | 0.45 | 0.00 | 0.00 | 7.24 | |||
| BITGF | 1.84 | 0.70 | 0.00 | 0.87 | 0.00 | 2.91 | 31.10 | |||
| MDRSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NPRRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LYPHF | 1.55 | 0.71 | 0.00 | (0.29) | 0.00 | 0.00 | 49.57 | |||
| KKPCF | 0.72 | 0.12 | 0.00 | 0.25 | 0.00 | 0.00 | 26.44 | |||
| KSRBF | 0.19 | 0.04 | 0.00 | 1.83 | 0.00 | 0.00 | 6.16 | |||
| DWRKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTTAY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MITPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
CompuGroup Medical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CompuGroup Medical pink sheet to make a market-neutral strategy. Peer analysis of CompuGroup Medical could also be used in its relative valuation, which is a method of valuing CompuGroup Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
CompuGroup Medical Corporate Management
| Helge Wei | VP Connectivity | Profile | |
| Angela Teufer | Connectivity DACH | Profile | |
| Hannes Reichl | MD Board | Profile | |
| Alexander Weimer | Head Communications | Profile | |
| Michael Franz | Co Communication | Profile | |
| Oliver Bruzek | Chief Affairs | Profile | |
| MBA LLM | MD CFO | Profile |
Still Interested in CompuGroup Medical SE?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.