Medigus Correlations

Summary

MDGSDelisted Stock

USD 1.73 0.01 0.58%

The current 90-days correlation between Medigus Ltd ADR and Bluejay Diagnostics is -0.02 (i.e., Good diversification). The correlation of Medigus 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.

Medigus Correlation With Market

Very good diversification

The correlation between Medigus Ltd ADR and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medigus Ltd ADR and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Medigus Stock

0.67	PPERF	Bank Mandiri Persero	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Medigus Stock

0.87	HD	Home Depot Sell-off Trend	Pair Corr
0.84	SSNLF	Samsung Electronics	Pair Corr
0.84	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.81	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.81	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	PTAIF	PT Astra International	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.64	WMT	Walmart Aggressive Push	Pair Corr
0.63	T	ATT Inc Aggressive Push	Pair Corr
0.62	BAC	Bank of America Aggressive Push	Pair Corr
0.6	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.59	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.56	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.4	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.39	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	BWAY	DCTH	HSKA	FNA	NXL	BJDX	INVO	MOTS	IRIX	ICCM
BWAY		0.23	0.74	-0.19	0.61	-0.77	0.09	-0.71	-0.86	0.19	BWAY
DCTH	0.23		-0.21	0.06	0.39	-0.12	0.46	-0.12	-0.11	0.39	DCTH
HSKA	0.74	-0.21		-0.18	0.43	-0.78	-0.24	-0.64	-0.69	-0.03	HSKA
FNA	-0.19	0.06	-0.18		0.53	-0.1	0.2	-0.18	0.36	0.06	FNA
NXL	0.61	0.39	0.43	0.53		-0.74	0.37	-0.74	-0.45	0.33	NXL
BJDX	-0.77	-0.12	-0.78	-0.1	-0.74		0.02	0.81	0.61	-0.12	BJDX
INVO	0.09	0.46	-0.24	0.2	0.37	0.02		-0.12	-0.01	0.66	INVO
MOTS	-0.71	-0.12	-0.64	-0.18	-0.74	0.81	-0.12		0.58	-0.11	MOTS
IRIX	-0.86	-0.11	-0.69	0.36	-0.45	0.61	-0.01	0.58		-0.08	IRIX
ICCM	0.19	0.39	-0.03	0.06	0.33	-0.12	0.66	-0.11	-0.08		ICCM
	BWAY	DCTH	HSKA	FNA	NXL	BJDX	INVO	MOTS	IRIX	ICCM

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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

MOTS	+ 0.81	BJDX
HSKA	+ 0.74	BWAY
ICCM	+ 0.66	INVO
NXL	+ 0.61	BWAY
IRIX	+ 0.61	BJDX
IRIX	+ 0.58	MOTS

High negative correlations

IRIX	- 0.86	BWAY
BJDX	- 0.78	HSKA
BJDX	- 0.77	BWAY
MOTS	- 0.74	NXL
BJDX	- 0.74	NXL
MOTS	- 0.71	BWAY

Risk-Adjusted Indicators

There is a big difference between Medigus Stock performing well and Medigus 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 Medigus' 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
BWAY	2.41	0.18	0.07	0.27	2.90	(2.74)	5.42	(4.76)	24.68
DCTH	2.71	0.19	0.05	0.34	3.16	(2.93)	7.57	(4.00)	25.52
HSKA	1.18	0.62	0.82	(3.21)	0.00	(1.25)	3.63	(0.71)	21.36
FNA	3.71	0.13	0.07	0.17	4.06	(4.15)	7.32	(6.30)	43.16
NXL	8.32	2.60	0.34	1.93	6.69	(10.91)	25.71	(12.22)	71.17
BJDX	6.53	(0.93)	0.00	(1.99)	0.00	0.00	13.03	(13.14)	120.52
INVO	4.97	0.18	0.05	0.22	4.69	(8.22)	6.67	(6.85)	105.62
MOTS	3.80	(0.33)	0.00	(0.20)	0.00	0.00	9.09	(5.63)	56.89
IRIX	2.58	0.04	0.00	0.04	0.00	0.00	4.76	(5.33)	40.39
ICCM	3.50	0.00	0.05	0.00	3.54	(5.84)	9.86	(6.90)	30.34

Delisting Warning - MDGS

Medigus Ltd ADR was delisted

The entity Medigus Ltd ADR with a symbol MDGS was delisted from NASDAQ Exchange. Please try Xylo Technologies with a symbol XYLO from now on. Check all delisted instruments accross multiple markets.

Medigus Corporate Management

Ilan Oren	Executive Officer	Profile
Yaron Silberman	Chief Ltd	Profile
Liron Carmel	Chief Officer	Profile
Tali Dinar	Chief Officer	Profile

Still Interested in Medigus Ltd ADR?

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.

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