Mediwound Correlations

Mediwound Correlation With Market

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.

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 + 0.89 EPRX AARD + 0.87 GNFT SLS + 0.86 GNFT GNFT + 0.8 EPRX AARD + 0.76 SLS AARD + 0.72 EPRX

High negative correlations IVVD - 0.57 NTHI TARA - 0.39 NTHI RNAC - 0.32 IVVD RNAC - 0.27 EPRX RNAC - 0.24 OBIO RNAC - 0.24 GNFT

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.