G Medical Correlations
| GMVDWDelisted Stock | USD 4.01 0.00 0.00% |
The current 90-days correlation between G Medical Innovations and G Medical Innovations is -0.04 (i.e., Good diversification). The correlation of G 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. If the correlation is 0, the equities are not correlated; they are entirely random.
G Medical Correlation With Market
Average diversification
The correlation between G Medical Innovations and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding G Medical Innovations and DJI in the same portfolio, assuming nothing else is changed.
GMVDW |
Moving together with GMVDW Stock
| 0.77 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.92 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.84 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.86 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.84 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against GMVDW Stock
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.78 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.77 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.74 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.73 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | PBCRY | Bank Central Asia | PairCorr |
| 0.6 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.59 | PBCRF | PT Bank Central | PairCorr |
| 0.58 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.07 | 0.74 | -0.14 | 0.3 | GMVD | ||
| 0.07 | 0.04 | 0.08 | -0.05 | IINNW | ||
| 0.74 | 0.04 | -0.17 | 0.11 | TRKAW | ||
| -0.14 | 0.08 | -0.17 | -0.26 | BCTXW | ||
| 0.3 | -0.05 | 0.11 | -0.26 | AGRIW | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between GMVDW Stock performing well and G 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 G 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMVD | 3.39 | (0.63) | 0.00 | 3.34 | 0.00 | 5.26 | 36.17 | |||
| IINNW | 9.31 | 0.74 | 0.05 | 0.50 | 10.53 | 20.69 | 151.39 | |||
| TRKAW | 14.33 | 0.38 | 0.03 | 0.43 | 12.52 | 30.95 | 109.19 | |||
| BCTXW | 8.65 | 0.78 | 0.06 | 0.93 | 10.15 | 22.86 | 50.19 | |||
| AGRIW | 27.97 | 5.86 | 0.18 | (1.56) | 23.28 | 86.21 | 161.84 |
G 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 G Medical stock to make a market-neutral strategy. Peer analysis of G Medical could also be used in its relative valuation, which is a method of valuing G Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
G Medical Corporate Management
| Oded Shahar | Sr Acquisition | Profile | |
| Benny Tal | VP CTO | Profile | |
| Kobi Efraim | Controller | Profile | |
| Brett Tucker | Company Sec | Profile | |
| Yacov Geva | CEO and President | Profile | |
| Igor Bluvstein | Chief Officer | Profile | |
| Dror NurielRoth | Ex Operations | Profile |
Still Interested in G Medical Innovations?
Investing in delisted delisted stocks can be risky, as the 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.