Escalon Medical Correlations
| ESMCDelisted Stock | USD 0.06 0.00 0.00% |
The correlation of Escalon 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.
Escalon Medical Correlation With Market
Good diversification
The correlation between Escalon Medical Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Escalon Medical Corp and DJI in the same portfolio, assuming nothing else is changed.
Escalon |
The ability to find closely correlated positions to Escalon 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 Escalon 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 Escalon 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 Escalon Medical Corp to buy it.
Moving together with Escalon OTC Stock
Moving against Escalon OTC Stock
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| 0.6 | VREX | Varex Imaging Corp | PairCorr |
| 0.59 | NXL | Nexalin Technology | PairCorr |
| 0.57 | ELMD | Electromed | PairCorr |
| 0.56 | OM | Outset Medical | PairCorr |
| 0.51 | PEN | Penumbra | PairCorr |
| 0.45 | BSX | Boston Scientific Corp | PairCorr |
| 0.43 | BVS | Bioventus | PairCorr |
| 0.39 | DXCM | DexCom Inc | PairCorr |
| 0.35 | XAIR | Beyond Air | PairCorr |
| 0.33 | MYO | Myomo Inc | PairCorr |
| 0.58 | VMD | Viemed Healthcare | PairCorr |
| 0.57 | IRMD | Iradimed | PairCorr |
| 0.55 | GMED | Globus Medical | PairCorr |
| 0.53 | GKOS | Glaukos Corp | PairCorr |
| 0.51 | IART | Integra LifeSciences | PairCorr |
| 0.49 | ICAD | icad inc | PairCorr |
| 0.45 | IINN | Inspira Technologies Oxy | PairCorr |
| 0.42 | INMD | InMode | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Escalon OTC Stock performing well and Escalon Medical OTC Stock 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 Escalon 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRT | 0.11 | 0.00 | (0.51) | (0.02) | 0.09 | 0.21 | 0.98 | |||
| DYNT | 5.03 | (0.70) | 0.00 | 5.73 | 0.00 | 7.50 | 69.48 | |||
| IRIX | 2.53 | (0.19) | 0.00 | (0.17) | 0.00 | 4.76 | 40.39 | |||
| LWAY | 2.33 | 0.35 | 0.11 | 0.63 | 2.40 | 4.86 | 31.34 | |||
| ULGX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Escalon 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 Escalon Medical otc stock to make a market-neutral strategy. Peer analysis of Escalon Medical could also be used in its relative valuation, which is a method of valuing Escalon Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Escalon Medical Corporate Executives
Elected by the shareholders, the Escalon Medical's board of directors comprises two types of representatives: Escalon Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Escalon. The board's role is to monitor Escalon Medical's management team and ensure that shareholders' interests are well served. Escalon 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, Escalon Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Wallace | COO Officer | Profile |
Still Interested in Escalon Medical Corp?
Investing in delisted otcs can be risky, as the otc stock 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.