Medical Marijuana Correlations
| MJNA Stock | USD 0.0006 0.0001 14.29% |
The current 90-days correlation between Medical Marijuana and American Green is -0.16 (i.e., Good diversification). The correlation of Medical Marijuana 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.
Medical Marijuana Correlation With Market
Significant diversification
The correlation between Medical Marijuana I and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medical Marijuana I and DJI in the same portfolio, assuming nothing else is changed.
Medical |
The ability to find closely correlated positions to Medical Marijuana could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medical Marijuana 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 Medical Marijuana - 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 Medical Marijuana I to buy it.
Moving together with Medical Pink Sheet
| 0.77 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.61 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.62 | PBCRY | Bank Central Asia | PairCorr |
| 0.79 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.86 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.85 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Medical Pink Sheet
| 0.85 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.77 | T | ATT Inc Aggressive Push | PairCorr |
| 0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.74 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.65 | PTAIF | PT Astra International | PairCorr |
| 0.56 | SSNLF | Samsung Electronics | PairCorr |
| 0.49 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.46 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.32 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Medical Pink Sheet performing well and Medical Marijuana 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 Medical Marijuana'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ERBB | 13.18 | 1.45 | 0.08 | 0.38 | 12.59 | 33.33 | 73.33 | |||
| USMJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCOA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RMRK | 8.78 | 1.89 | 0.04 | (0.18) | 9.96 | 33.33 | 58.33 | |||
| GRCU | 38.25 | 10.27 | 0.19 | (2.74) | 26.93 | 100.00 | 150.00 | |||
| CBGL | 3.01 | 0.59 | 0.00 | 0.57 | 0.00 | 0.00 | 150.00 | |||
| CBDL | 14.23 | 1.75 | 0.07 | (1.26) | 13.45 | 25.00 | 170.83 | |||
| SLGWF | 18.83 | 3.42 | 0.11 | (0.89) | 19.33 | 41.46 | 216.17 | |||
| LEEEF | 10.53 | 1.83 | 0.15 | 2.89 | 10.17 | 24.07 | 92.75 | |||
| LOVFF | 2.54 | 0.28 | 0.00 | (0.10) | 4.38 | 8.51 | 36.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Medical Marijuana 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.Did you try this?
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Medical Marijuana Corporate Management
| Blake Esq | Chairman CEO | Profile | |
| Tyler Whatcott | Chief Officer | Profile | |
| Rubens Wajnsztejn | Chief Officer | Profile | |
| Michelle Esq | Chief Director | Profile | |
| DDS MD | Member Biotechnologies | Profile | |
| Dirk Syburra | VP Technology | Profile | |
| Chuck Smith | Chief Holdings | Profile |