Non-Invasive Monitoring Correlations
| NIMU Stock | USD 0.02 0.01 47.20% |
The current 90-days correlation between Non Invasive Monitoring and Trimax Corp is 0.02 (i.e., Significant diversification). The correlation of Non-Invasive Monitoring 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Non-Invasive Monitoring Correlation With Market
Very weak diversification
The correlation between Non Invasive Monitoring System and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Non Invasive Monitoring System and DJI in the same portfolio, assuming nothing else is changed.
Non-Invasive |
The ability to find closely correlated positions to Non-Invasive Monitoring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Non-Invasive Monitoring 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 Non-Invasive Monitoring - 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 Non Invasive Monitoring Systems to buy it.
Moving together with Non-Invasive Pink Sheet
| 0.71 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.65 | MCD | McDonalds | PairCorr |
| 0.74 | PG | Procter Gamble | PairCorr |
| 0.61 | WMT | Walmart Common Stock Earnings Call Next Week | PairCorr |
| 0.72 | T | ATT Inc Aggressive Push | PairCorr |
| 0.64 | JNJ | Johnson Johnson | PairCorr |
| 0.8 | KO | Coca Cola Earnings Call This Week | PairCorr |
| 0.67 | CAT | Caterpillar | PairCorr |
| 0.68 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.65 | DD | Dupont De Nemours | PairCorr |
Moving against Non-Invasive Pink Sheet
| 0.52 | UIS | Unisys | PairCorr |
| 0.42 | HPQ | HP Inc | PairCorr |
| 0.36 | ORGN | Origin Materials Earnings Call Next Week | 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 Non-Invasive Pink Sheet performing well and Non-Invasive Monitoring 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 Non-Invasive Monitoring'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GYGC | 4.85 | 0.64 | 0.00 | 0.31 | 0.00 | 14.29 | 119.78 | |||
| TLIF | 3.03 | (0.02) | 0.00 | (0.06) | 0.00 | 25.00 | 45.00 | |||
| PUGE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMXN | 9.05 | 2.06 | 0.11 | (1.27) | 8.19 | 28.57 | 85.71 | |||
| FCIC | 4.41 | 2.19 | 0.00 | 2.44 | 0.00 | 0.00 | 100.00 | |||
| CLOW | 2.86 | 0.55 | 0.00 | 1.61 | 0.00 | 5.88 | 63.68 | |||
| APSI | 3.10 | (0.26) | 0.00 | (0.25) | 0.00 | 13.45 | 40.43 | |||
| CAMG | 2.98 | 1.29 | 0.00 | 0.58 | 0.00 | 0.00 | 100.00 | |||
| MHYR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRBT | 5.21 | 0.00 | 0.00 | 0.08 | 9.35 | 7.69 | 133.33 |
Be your own money manager
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