Fuse Medical Correlations

FZMD Stock

USD 0.12 0.07 140.00%

The current 90-days correlation between Fuse Medical and Vivos Therapeutics is -0.03 (i.e., Good diversification). The correlation of Fuse 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.

Fuse Medical Correlation With Market

Good diversification

The correlation between Fuse Medical 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 Fuse Medical and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Fuse 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 Fuse 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 Fuse 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 Fuse Medical to buy it.

Moving against Fuse Pink Sheet

0.59	SHG	Shinhan Financial	Pair Corr
0.59	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.55	PTBRY	Bank Negara Indonesia	Pair Corr
0.54	PPERF	Bank Mandiri Persero	Pair Corr
0.52	PPERY	Bank Mandiri Persero	Pair Corr
0.48	BKRKY	Bank Rakyat	Pair Corr
0.48	PBCRY	Bank Central Asia	Pair Corr
0.48	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.45	PBCRF	PT Bank Central	Pair Corr
0.43	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.4	WF	Woori Financial Group	Pair Corr
0.38	BKRKF	PT Bank Rakyat	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.36	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.33	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.32	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	VVOS	CERS	BSX	NVYTF	AEMD	RWLK	CTSO	EMED	RDGL	SENS
VVOS		0.18	0.54	-0.49	0.06	0.81	-0.34	-0.22	-0.67	0.19	VVOS
CERS	0.18		0.15	-0.02	-0.16	0.21	-0.01	0.04	0.0	-0.06	CERS
BSX	0.54	0.15		-0.83	-0.11	0.52	-0.73	-0.53	-0.76	-0.23	BSX
NVYTF	-0.49	-0.02	-0.83		0.17	-0.41	0.84	0.56	0.88	0.41	NVYTF
AEMD	0.06	-0.16	-0.11	0.17		-0.09	0.16	-0.01	0.09	0.04	AEMD
RWLK	0.81	0.21	0.52	-0.41	-0.09		-0.25	-0.07	-0.49	0.12	RWLK
CTSO	-0.34	-0.01	-0.73	0.84	0.16	-0.25		0.71	0.79	0.24	CTSO
EMED	-0.22	0.04	-0.53	0.56	-0.01	-0.07	0.71		0.58	0.25	EMED
RDGL	-0.67	0.0	-0.76	0.88	0.09	-0.49	0.79	0.58		0.2	RDGL
SENS	0.19	-0.06	-0.23	0.41	0.04	0.12	0.24	0.25	0.2		SENS
	VVOS	CERS	BSX	NVYTF	AEMD	RWLK	CTSO	EMED	RDGL	SENS

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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

RDGL	+ 0.88	NVYTF
CTSO	+ 0.84	NVYTF
RWLK	+ 0.81	VVOS
RDGL	+ 0.79	CTSO
EMED	+ 0.71	CTSO
RDGL	+ 0.58	EMED

High negative correlations

NVYTF	- 0.83	BSX
RDGL	- 0.76	BSX
CTSO	- 0.73	BSX
RDGL	- 0.67	VVOS
EMED	- 0.53	BSX
RDGL	- 0.49	RWLK

Risk-Adjusted Indicators

There is a big difference between Fuse Pink Sheet performing well and Fuse 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 Fuse 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
VVOS	4.95	1.03	0.17	0.79	5.15	(5.91)	9.52	(6.90)	69.53
CERS	3.24	(0.31)	0.00	(0.08)	0.00	0.00	7.19	(7.49)	21.37
BSX	0.70	0.11	0.11	0.86	0.67	(0.79)	1.67	(1.33)	5.62
NVYTF	1.63	(0.52)	0.00	(2.38)	0.00	0.00	0.00	(8.57)	22.81
AEMD	4.46	1.30	0.27	(0.28)	2.93	(8.59)	7.89	(6.98)	25.97
RWLK	2.18	0.18	0.07	0.30	1.97	(3.33)	5.26	(3.33)	21.49
CTSO	4.35	(0.45)	0.00	1.28	0.00	0.00	9.15	(10.00)	35.58
EMED	8.79	0.15	0.00	(0.22)	11.28	(29.17)	33.33	(25.00)	73.33
RDGL	3.76	(1.12)	0.00	(1.73)	0.00	0.00	9.09	(8.33)	23.33
SENS	3.58	0.04	0.00	(0.04)	3.93	(6.25)	7.14	(7.14)	23.99

Be your own money manager

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