MedinCell Correlations

MDCLF Stock

USD 34.39 0.00 0.00%

The correlation of MedinCell 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.

MedinCell Correlation With Market

Very weak diversification

The correlation between MedinCell SA and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MedinCell SA and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MedinCell Pink Sheet

0.7	CSLLY	CSL	Pair Corr
0.65	CMXHF	CSL Limited	Pair Corr
0.77	NFG	National Fuel Gas	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.84	KO	Coca Cola Earnings Call This Week	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.76	VZ	Verizon Communications Aggressive Push	Pair Corr
0.7	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against MedinCell Pink Sheet

0.7	ALNY	Alnylam Pharmaceuticals Earnings Call Today	Pair Corr
0.42	NVNIW	Nvni Group Limited	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.37	AXP	American Express	Pair Corr

Related Correlations Analysis

	BOVNF	AVCTF	HLOSF	RAONF	PTCHF	GSGTF	NWBO	VRNOF	CYDY	PRRUF
BOVNF		0.0	0.0	1.0	0.0	1.0	0.0	0.0	0.0	0.0	BOVNF
AVCTF	0.0		0.69	0.0	-0.54	0.0	-0.74	0.03	0.56	-0.52	AVCTF
HLOSF	0.0	0.69		0.0	-0.32	0.0	-0.53	0.44	0.39	-0.85	HLOSF
RAONF	1.0	0.0	0.0		0.0	1.0	0.0	0.0	0.0	0.0	RAONF
PTCHF	0.0	-0.54	-0.32	0.0		0.0	0.56	0.27	-0.52	0.1	PTCHF
GSGTF	1.0	0.0	0.0	1.0	0.0		0.0	0.0	0.0	0.0	GSGTF
NWBO	0.0	-0.74	-0.53	0.0	0.56	0.0		0.0	-0.47	0.33	NWBO
VRNOF	0.0	0.03	0.44	0.0	0.27	0.0	0.0		-0.26	-0.64	VRNOF
CYDY	0.0	0.56	0.39	0.0	-0.52	0.0	-0.47	-0.26		-0.33	CYDY
PRRUF	0.0	-0.52	-0.85	0.0	0.1	0.0	0.33	-0.64	-0.33		PRRUF
	BOVNF	AVCTF	HLOSF	RAONF	PTCHF	GSGTF	NWBO	VRNOF	CYDY	PRRUF

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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

RAONF	+ 1.0	BOVNF
GSGTF	+ 1.0	BOVNF
GSGTF	+ 1.0	RAONF
HLOSF	+ 0.69	AVCTF
CYDY	+ 0.56	AVCTF
NWBO	+ 0.56	PTCHF

High negative correlations

PRRUF	- 0.85	HLOSF
NWBO	- 0.74	AVCTF
PRRUF	- 0.64	VRNOF
PTCHF	- 0.54	AVCTF
NWBO	- 0.53	HLOSF
CYDY	- 0.52	PTCHF

Risk-Adjusted Indicators

There is a big difference between MedinCell Pink Sheet performing well and MedinCell 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 MedinCell'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
BOVNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVCTF	1.87	(0.31)	0.00	0.88	0.00	0.00	5.41	(7.50)	35.79
HLOSF	1.47	(0.56)	0.00	0.75	0.00	0.00	0.00	0.00	26.47
RAONF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTCHF	0.62	0.02	0.00	0.47	0.00	0.00	3.53	(0.58)	7.74
GSGTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWBO	2.71	0.12	0.01	0.38	2.98	(6.14)	4.35	(4.17)	38.34
VRNOF	7.41	0.54	0.05	17.48	9.01	(8.98)	13.79	(11.46)	116.00
CYDY	2.72	0.03	(0.02)	(0.05)	2.90	(6.01)	7.69	(5.71)	24.19
PRRUF	1.89	0.46	0.00	1.98	0.00	0.00	3.85	0.00	60.76

Be your own money manager

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

Joel Richard	Member Board	Profile
Quiterie Beauregard	Head Portfolio	Profile
Helen Martin	Head Management	Profile
Julie Alimi	Head Legal	Profile
Sebastien Enault	Chief Officer	Profile
Christophe Douat	CEO Board	Profile
Jaime Arango	CFO Board	Profile

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