Pharmadrug Correlations

LMLLF Stock

USD 0.01 0 17.98%

The current 90-days correlation between Pharmadrug and Bio Essence is 0.2 (i.e., Modest diversification). The correlation of Pharmadrug 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.

Pharmadrug Correlation With Market

Excellent diversification

The correlation between Pharmadrug and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pharmadrug and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Pharmadrug could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pharmadrug 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 Pharmadrug - 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 Pharmadrug to buy it.

Moving against Pharmadrug Pink Sheet

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0.58	JLHL	Julong Holding	Pair Corr
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0.53	MEGI	MainStay CBRE Global Normal Trading	Pair Corr

Related Correlations Analysis

	RAFA	STHZF	UBQU	BIOE	RDDTF	RVVTF	CNGGF	CPMD	NRPR	TGIFF
RAFA		-0.15	-0.38	-0.33	0.0	-0.14	-0.22	-0.5	-0.59	-0.05	RAFA
STHZF	-0.15		0.39	0.37	0.0	-0.08	-0.07	-0.14	-0.18	-0.12	STHZF
UBQU	-0.38	0.39		0.3	0.0	-0.11	0.11	0.18	0.19	0.0	UBQU
BIOE	-0.33	0.37	0.3		0.0	-0.24	-0.08	0.48	0.42	0.11	BIOE
RDDTF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	RDDTF
RVVTF	-0.14	-0.08	-0.11	-0.24	0.0		-0.09	-0.15	-0.03	0.17	RVVTF
CNGGF	-0.22	-0.07	0.11	-0.08	0.0	-0.09		-0.12	-0.17	-0.39	CNGGF
CPMD	-0.5	-0.14	0.18	0.48	0.0	-0.15	-0.12		0.71	0.22	CPMD
NRPR	-0.59	-0.18	0.19	0.42	0.0	-0.03	-0.17	0.71		0.18	NRPR
TGIFF	-0.05	-0.12	0.0	0.11	0.0	0.17	-0.39	0.22	0.18		TGIFF
	RAFA	STHZF	UBQU	BIOE	RDDTF	RVVTF	CNGGF	CPMD	NRPR	TGIFF

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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

NRPR	+ 0.71	CPMD
CPMD	+ 0.48	BIOE
NRPR	+ 0.42	BIOE
UBQU	+ 0.39	STHZF
BIOE	+ 0.37	STHZF
BIOE	+ 0.3	UBQU

High negative correlations

NRPR	- 0.59	RAFA
CPMD	- 0.5	RAFA
TGIFF	- 0.39	CNGGF
UBQU	- 0.38	RAFA
BIOE	- 0.33	RAFA
RVVTF	- 0.24	BIOE

Risk-Adjusted Indicators

There is a big difference between Pharmadrug Pink Sheet performing well and Pharmadrug 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 Pharmadrug'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
RAFA	7.65	2.01	0.13	4.77	7.60	(14.67)	21.21	(15.38)	62.50
STHZF	317.45	177.55	0.00	(0.63)	0.00	0.00	0.00	0.00	9,950
UBQU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIOE	1.08	(0.03)	0.00	1.89	0.00	0.00	0.00	(1.69)	29.38
RDDTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVVTF	11.83	1.14	0.06	(49.33)	11.19	(22.85)	31.82	(22.22)	93.33
CNGGF	7.36	2.81	0.00	(0.45)	0.00	0.00	5.00	(1.59)	265.50
CPMD	9.53	1.16	0.06	2.61	11.04	(22.16)	28.57	(22.22)	105.68
NRPR	3.26	(0.06)	0.00	0.00	0.00	0.00	0.00	(17.36)	129.28
TGIFF	13.88	1.76	0.08	(0.30)	15.03	(17.27)	28.77	(28.42)	114.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pharmadrug 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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Pharmadrug Corporate Management

Harry Resin	Pres Smart	Profile
Paul Slyke	Chief Officer	Profile
Daniel Cohen	Chairman CEO	Profile
Keith CPA	Chief Officer	Profile

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