THC Biomed Correlations
| THCBF Stock | USD 0 0.00 0.00% |
The correlation of THC Biomed 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.
THC Biomed Correlation With Market
Good diversification
The correlation between THC Biomed Intl and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding THC Biomed Intl and DJI in the same portfolio, assuming nothing else is changed.
THC |
The ability to find closely correlated positions to THC Biomed could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THC Biomed 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 THC Biomed - 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 THC Biomed Intl to buy it.
Moving together with THC Pink Sheet
| 0.78 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.78 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.66 | PBCRY | Bank Central Asia | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.81 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.69 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against THC Pink Sheet
| 0.7 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | WMT | Walmart Aggressive Push | PairCorr |
| 0.53 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.49 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.46 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.45 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.4 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.4 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.32 | PTAIF | PT Astra International | PairCorr |
| 0.31 | SSNLF | Samsung Electronics | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between THC Pink Sheet performing well and THC Biomed 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 THC Biomed'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPBBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVGRF | 3.89 | 1.37 | 0.00 | (1.05) | 0.00 | 0.00 | 95.65 | |||
| BHHKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RVVQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNFSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CSTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ETST | 6.94 | (0.25) | 0.00 | 6.18 | 0.00 | 12.50 | 66.24 | |||
| BNOWD | 142.59 | 72.76 | 2.07 | (5.80) | 26.85 | 100.00 | 4,756 | |||
| EMGE | 5.35 | (0.30) | 0.00 | 1.90 | 0.00 | 14.29 | 36.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in THC Biomed 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?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |
THC Biomed Corporate Management
| Damien Reynolds | Chief Officer | Profile | |
| Dianne FCIS | Co Sec | Profile | |
| John Miller | CEO Pres | Profile | |
| Jung Hee | CFO CoFounder | Profile |