Medirom Healthcare Correlations

MRM Stock

USD 2.88 0.01 0.35%

The current 90-days correlation between Medirom Healthcare and HR Block is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medirom Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medirom Healthcare Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Medirom Healthcare Correlation With Market

Significant diversification

The correlation between Medirom Healthcare Technologie and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medirom Healthcare Technologie and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Medirom Stock

0.63	AMN	AMN Healthcare Services	Pair Corr
0.7	FORA	Forian Inc	Pair Corr
0.65	HUM	Humana Inc Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Medirom Stock

0.51	DOCS	Doximity	Pair Corr
0.31	VREX	Varex Imaging Corp	Pair Corr
0.61	WGS	GeneDx Holdings Corp	Pair Corr
0.58	HIMS	Hims Hers Health Upward Rally	Pair Corr
0.53	VMD	Viemed Healthcare	Pair Corr
0.53	OMIC	Singular Genomics Systems	Pair Corr
0.51	PDEX	Pro Dex	Pair Corr

Related Correlations Analysis

	HRB	SCI	ROL	WW	CSV
HRB		-0.37	0.37	-0.33	-0.51	HRB
SCI	-0.37		0.19	-0.32	0.96	SCI
ROL	0.37	0.19		-0.29	0.01	ROL
WW	-0.33	-0.32	-0.29		-0.18	WW
CSV	-0.51	0.96	0.01	-0.18		CSV
	HRB	SCI	ROL	WW	CSV

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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

CSV	+ 0.96	SCI
ROL	+ 0.37	HRB
ROL	+ 0.19	SCI
CSV	+ 0.01	ROL

High negative correlations

CSV	- 0.51	HRB
SCI	- 0.37	HRB
WW	- 0.33	HRB
WW	- 0.32	SCI
WW	- 0.29	ROL
CSV	- 0.18	WW

Risk-Adjusted Indicators

There is a big difference between Medirom Stock performing well and Medirom Healthcare 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 Medirom Healthcare'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
HRB	1.02	(0.24)	0.00	(0.29)	0.00	0.00	2.08	(1.60)	11.70
SCI	0.85	0.14	0.09	0.37	0.74	(1.08)	1.89	(1.37)	8.36
ROL	0.94	(0.04)	(0.06)	(0.03)	1.78	(0.79)	1.45	(2.26)	9.52
WW	6.46	0.34	0.05	0.50	6.57	(8.63)	11.84	(11.21)	63.34
CSV	1.22	0.29	0.21	0.61	0.84	(1.45)	2.84	(2.10)	16.85

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