Mitesco Correlations
| MITI Stock | USD 0.17 0.04 30.77% |
The current 90-days correlation between Mitesco and InterCare DX is 0.04 (i.e., Significant diversification). The correlation of Mitesco 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.
Mitesco Correlation With Market
Good diversification
The correlation between Mitesco and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitesco and DJI in the same portfolio, assuming nothing else is changed.
Mitesco |
The ability to find closely correlated positions to Mitesco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitesco 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 Mitesco - 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 Mitesco to buy it.
Moving together with Mitesco Pink Sheet
| 0.63 | VEEV | Veeva Systems Class | PairCorr |
| 0.76 | DOCS | Doximity | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
Moving against Mitesco Pink Sheet
| 0.7 | FTV | Fortive Corp | PairCorr |
| 0.58 | JNJ | Johnson Johnson | PairCorr |
| 0.57 | SOLV | Solventum Corp | PairCorr |
| 0.54 | GEHC | GE HealthCare Techno | PairCorr |
| 0.48 | HQY | HealthEquity | PairCorr |
| 0.42 | CICHF | China Construction Bank | PairCorr |
| 0.36 | PBCRF | PT Bank Central | PairCorr |
| 0.74 | AXP | American Express | PairCorr |
| 0.74 | IBM | International Business | PairCorr |
| 0.73 | XOM | Exxon Mobil Corp | PairCorr |
| 0.71 | BAC | Bank of America | PairCorr |
| 0.68 | CAT | Caterpillar | PairCorr |
| 0.64 | MMM | 3M Company | PairCorr |
| 0.64 | MRK | Merck Company | PairCorr |
| 0.61 | TRV | The Travelers Companies | PairCorr |
| 0.55 | MCD | McDonalds | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Mitesco Pink Sheet performing well and Mitesco 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 Mitesco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EBYH | 0.19 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 12.13 | |||
| ICCO | 3.01 | (1.47) | 0.00 | 0.99 | 0.00 | 0.00 | 98.00 | |||
| EWLL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IVRO | 2.74 | 0.98 | 0.12 | (0.51) | 2.59 | 10.00 | 38.07 | |||
| KHRNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SHMN | 7.29 | 0.00 | 0.01 | 0.05 | 9.07 | 20.00 | 63.33 | |||
| CSOC | 10.42 | 1.00 | 0.05 | 0.31 | 12.67 | 47.06 | 96.90 | |||
| IONM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANTCF | 57.37 | 27.03 | 0.00 | (2.35) | 0.00 | 0.00 | 1,049 | |||
| YBGJ | 0.52 | (0.13) | 0.00 | (0.43) | 0.00 | 0.00 | 16.18 |
Be your own money manager
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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Mitesco Corporate Management
| Thomas Brodmerkel | Chairman CFO | Profile | |
| Ronald Riewold | Strategic Advisor | Profile | |
| Jenny Lindstrom | Chief Sec | Profile | |
| Bradley Case | Pres Clinic | Profile | |
| Michael Howe | Chief Clinic | Profile | |
| Lawrence Diamond | CEO Director | Profile | |
| Louis Deluca | B Consultant | Profile |