Japan Medical Correlations
| JMDMF Stock | USD 3.01 0.00 0.00% |
The correlation of Japan 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.
Japan Medical Correlation With Market
Good diversification
The correlation between Japan Medical Dynamic and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Medical Dynamic and DJI in the same portfolio, assuming nothing else is changed.
Japan |
The ability to find closely correlated positions to Japan 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 Japan 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 Japan 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 Japan Medical Dynamic to buy it.
Moving together with Japan Pink Sheet
Moving against Japan Pink Sheet
| 0.84 | FTV | Fortive Corp | PairCorr |
| 0.65 | BAC | Bank of America | PairCorr |
| 0.64 | MDT | Medtronic PLC Sell-off Trend | PairCorr |
| 0.55 | EW | Edwards Lifesciences Corp | PairCorr |
| 0.53 | STE | STERIS plc | PairCorr |
| 0.85 | MRK | Merck Company | PairCorr |
| 0.81 | JNJ | Johnson Johnson | PairCorr |
| 0.79 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.71 | AA | Alcoa Corp | PairCorr |
| 0.67 | CSCO | Cisco Systems | PairCorr |
| 0.67 | MCD | McDonalds | PairCorr |
| 0.66 | TRV | The Travelers Companies | PairCorr |
| 0.56 | AXP | American Express | PairCorr |
| 0.55 | CAT | Caterpillar | PairCorr |
| 0.54 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | XOM | Exxon Mobil Corp Aggressive Push | 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 Japan Pink Sheet performing well and Japan 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 Japan 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RSHUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMEUF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMXC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CKMTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CSAMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADOIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EPRXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CNVCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PSTTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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Japan Medical Corporate Management
| Toshiyuki Hironaka | GM Officer | Profile | |
| Koichi Kondo | Sr Division | Profile | |
| Yasuaki Hidaka | Sr Sale | Profile | |
| Masao Okawa | Pres Director | Profile | |
| Katsuhiko Seshita | Sr Division | Profile |