Mediwound Correlations

MDWD Stock

USD 18.15 0.28 1.57%

The current 90-days correlation between Mediwound and Eupraxia Pharmaceuticals Common is 0.08 (i.e., Significant diversification). The correlation of Mediwound 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.

Mediwound Correlation With Market

Good diversification

The correlation between Mediwound 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 Mediwound and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mediwound Stock

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

For information on how to trade Mediwound Stock refer to our How to Trade Mediwound Stock guide.

Moving against Mediwound Stock

0.61	HCM	HUTCHMED China	Pair Corr
0.55	DYF1	Dynavax Technologies	Pair Corr
0.52	AMG	Amgen Inc	Pair Corr
0.51	ELAN	Elanco Animal Health Earnings Call Today	Pair Corr
0.5	761	PHARMANUTRA SPA	Pair Corr
0.45	7XP	Organon	Pair Corr
0.45	VTYX	Ventyx Biosciences	Pair Corr
0.43	H6D	Haleon PLC Earnings Call Today	Pair Corr
0.43	CVG	CSPC Pharmaceutical	Pair Corr
0.42	LDZU	ASPEN PHARUNADR 1 Earnings Call This Week	Pair Corr
0.4	PFE	Pfizer Inc	Pair Corr
0.39	RHO6	Roche Holding	Pair Corr
0.39	PFE	Pfizer Inc CDR	Pair Corr
0.36	RO	Roche Holding AG	Pair Corr
0.35	SFZN	Siegfried Holding	Pair Corr
0.61	ELVN	Enliven Therapeutics	Pair Corr
0.47	2DT	Amneal Pharmaceuticals Earnings Call This Week	Pair Corr
0.45	JNJ	Johnson Johnson	Pair Corr
0.38	HIK	Hikma Pharmaceuticals PLC Earnings Call Tomorrow	Pair Corr
0.36	EVTA	EVOTEC SE ADR	Pair Corr
0.34	YPHA	ASTELLAS PHARMA UNSPADR	Pair Corr
0.34	LDZA	Aspen Pharmacare Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EPRX	NTHI	GNFT	SLS	TARA	IVVD	OBIO	RNAC	AARD	IVA
EPRX		0.42	0.89	0.91	-0.05	-0.45	-0.65	-0.23	0.48	0.88	EPRX
NTHI	0.42		0.46	0.43	0.16	-0.51	-0.23	-0.02	0.32	0.45	NTHI
GNFT	0.89	0.46		0.85	0.15	-0.68	-0.67	-0.34	0.27	0.88	GNFT
SLS	0.91	0.43	0.85		-0.17	-0.4	-0.62	-0.18	0.54	0.81	SLS
TARA	-0.05	0.16	0.15	-0.17		-0.55	0.03	-0.24	-0.65	0.18	TARA
IVVD	-0.45	-0.51	-0.68	-0.4	-0.55		0.54	0.36	0.08	-0.65	IVVD
OBIO	-0.65	-0.23	-0.67	-0.62	0.03	0.54		0.38	-0.34	-0.66	OBIO
RNAC	-0.23	-0.02	-0.34	-0.18	-0.24	0.36	0.38		0.28	-0.15	RNAC
AARD	0.48	0.32	0.27	0.54	-0.65	0.08	-0.34	0.28		0.36	AARD
IVA	0.88	0.45	0.88	0.81	0.18	-0.65	-0.66	-0.15	0.36		IVA
	EPRX	NTHI	GNFT	SLS	TARA	IVVD	OBIO	RNAC	AARD	IVA

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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

SLS	+ 0.91	EPRX
GNFT	+ 0.89	EPRX
IVA	+ 0.88	EPRX
IVA	+ 0.88	GNFT
SLS	+ 0.85	GNFT
IVA	+ 0.81	SLS

High negative correlations

IVVD	- 0.68	GNFT
OBIO	- 0.67	GNFT
IVA	- 0.66	OBIO
IVA	- 0.65	IVVD
AARD	- 0.65	TARA
OBIO	- 0.65	EPRX

Risk-Adjusted Indicators

There is a big difference between Mediwound Stock performing well and Mediwound 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 Mediwound'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
EPRX	2.80	0.38	0.13	0.82	2.45	(3.61)	6.71	(4.46)	24.61
NTHI	4.88	0.42	0.10	0.23	5.38	(5.72)	9.99	(10.34)	41.97
GNFT	3.17	0.59	0.11	1.23	3.86	(3.71)	7.34	(7.71)	25.18
SLS	5.39	1.88	0.27	6.92	5.33	(6.05)	14.94	(8.17)	34.72
TARA	3.78	0.48	0.10	0.51	4.73	(4.24)	11.13	(7.72)	39.96
IVVD	4.16	(0.69)	0.00	3.60	0.00	0.00	8.05	(7.07)	33.79
OBIO	3.57	(0.14)	(0.01)	0.03	4.02	(3.86)	10.17	(6.43)	22.05
RNAC	3.42	0.02	0.00	0.13	4.34	(3.86)	7.64	(8.08)	28.90
AARD	3.59	0.25	0.10	0.18	3.98	(3.88)	9.35	(7.56)	38.95
IVA	3.23	0.80	0.21	4.12	2.99	(3.72)	9.41	(6.05)	20.30

Mediwound Corporate Management

Hagit Mashiach	VP Resources	Profile
CPA CPA	Ex Director	Profile
Hani Luxenburg	Chief Officer	Profile
Pr MD	CoFounder Director	Profile
Ety MBA	Chief Officer	Profile
Ofer BSc	Chief Officer	Profile

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