Kamada Correlations

Kamada Correlation With Market

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kamada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices. For information on how to trade Kamada Stock refer to our How to Trade Kamada Stock guide.

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 GALT + 0.86 EOLS XOMA + 0.7 QSI QSI + 0.57 EOLS GALT + 0.55 QSI SMLR + 0.41 RCKT TCMD + 0.41 PRTC

High negative correlations SLDB - 0.57 EOLS SMLR - 0.49 QSI PRTC - 0.45 XOMA PRTC - 0.44 QSI GALT - 0.44 SLDB PRTC - 0.43 GALT

Risk-Adjusted Indicators

There is a big difference between Kamada Stock performing well and Kamada 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 Kamada'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.