Non Invasive Correlations
| NIMU Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Non Invasive Monitoring and Trimax Corp is 0.18 (i.e., Average diversification). The correlation of Non Invasive 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 Correlation With Market
Good diversification
The correlation between Non Invasive Monitoring System and DJI is -0.04 (i.e., Good 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.
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The ability to find closely correlated positions to Non Invasive 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 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 - 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 against Non Pink Sheet
| 0.56 | DD | Dupont De Nemours | PairCorr |
| 0.49 | TRV | The Travelers Companies Earnings Call This Week | PairCorr |
| 0.48 | PFE | Pfizer Inc | PairCorr |
| 0.42 | JNJ | Johnson Johnson Earnings Call This Week | PairCorr |
| 0.41 | LION | Lionsgate Studios Holding | PairCorr |
| 0.4 | BAC | Bank of America | PairCorr |
| 0.39 | CUB | Lionheart Holdings | PairCorr |
| 0.38 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.31 | IBM | International Business | PairCorr |
| 0.31 | WMT | Walmart Common Stock Aggressive Push | 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 Pink Sheet performing well and Non Invasive 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'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 | 8.17 | 2.03 | 0.08 | 0.57 | 8.71 | 14.29 | 210.79 | |||
| TLIF | 5.06 | (0.33) | 0.00 | 0.68 | 0.00 | 25.00 | 45.24 | |||
| PUGE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TMXN | 9.54 | 2.19 | 0.10 | (0.58) | 8.90 | 25.00 | 85.71 | |||
| FCIC | 2.98 | 1.40 | 0.00 | 1.26 | 0.00 | 0.00 | 100.00 | |||
| CLOW | 4.09 | 0.44 | 0.03 | 0.49 | 4.90 | 18.18 | 63.68 | |||
| APSI | 4.13 | 0.92 | 0.09 | 0.68 | 4.48 | 14.29 | 74.61 | |||
| CAMG | 3.04 | (0.03) | 0.00 | 0.05 | 0.00 | 0.00 | 100.00 | |||
| MHYR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRBT | 5.55 | 0.32 | 0.01 | (0.83) | 9.84 | 7.69 | 133.33 |
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