Guardion Health Correlations
| GHSIDelisted Stock | USD 3.29 0.04 1.23% |
The current 90-days correlation between Guardion Health Sciences and Biofrontera is -0.02 (i.e., Good diversification). The correlation of Guardion Health 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.
Guardion Health Correlation With Market
Good diversification
The correlation between Guardion Health Sciences and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guardion Health Sciences and DJI in the same portfolio, assuming nothing else is changed.
Guardion |
The ability to find closely correlated positions to Guardion Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guardion Health 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 Guardion Health - 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 Guardion Health Sciences to buy it.
Moving against Guardion Pink Sheet
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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 Guardion Pink Sheet performing well and Guardion Health 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 Guardion Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BFRI | 5.48 | 0.53 | 0.08 | 0.63 | 5.74 | 14.63 | 46.72 | |||
| SHPH | 4.91 | (0.54) | 0.00 | 6.29 | 0.00 | 11.48 | 50.96 | |||
| AKAN | 4.30 | 0.00 | 0.00 | 0.07 | 4.92 | 9.59 | 25.81 | |||
| CPHI | 5.07 | 0.22 | 0.01 | (0.10) | 5.90 | 11.76 | 45.32 | |||
| AGRX | 3.20 | (1.11) | 0.00 | 2.21 | 0.00 | 7.63 | 19.82 | |||
| TKNO | 4.55 | 0.52 | 0.09 | 0.66 | 5.05 | 10.20 | 33.80 | |||
| CYTH | 4.18 | 0.15 | 0.02 | 0.39 | 5.10 | 10.00 | 25.87 | |||
| PTPI | 6.52 | 0.51 | 0.00 | (0.02) | 7.30 | 12.90 | 115.19 | |||
| LFCR | 3.40 | 0.18 | 0.03 | 0.39 | 5.13 | 8.11 | 28.39 | |||
| ORGO | 3.40 | 0.48 | 0.12 | 0.67 | 3.56 | 6.74 | 37.89 |
View Guardion Health Related Equities
| Risk & Return | Correlation |
Guardion Health Corporate Management
| Robert Weingarten | Independent Secretary | Profile | |
| Jeffrey Benjamin | Chief Officer | Profile | |
| Craig Sheehan | Chief Officer | Profile | |
| Bret Scholtes | CEO Pres | Profile | |
| Katie Cox | Chief Officer | Profile |
Still Interested in Guardion Health Sciences?
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.