Venus Medtech Correlations

VMTHF Stock

USD 0.27 0.00 0.00%

The current 90-days correlation between Venus Medtech and BICO Group AB is 0.06 (i.e., Significant diversification). The correlation of Venus Medtech 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.

Venus Medtech Correlation With Market

Good diversification

The correlation between Venus Medtech and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Venus Medtech and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Venus Medtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Venus Medtech 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 Venus Medtech - 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 Venus Medtech to buy it.

Moving together with Venus Pink Sheet

0.81

ABT

Abbott Laboratories

Pair Corr

Moving against Venus Pink Sheet

0.73	EW	Edwards Lifesciences Corp	Pair Corr
0.62	CICHF	China Construction Bank	Pair Corr
0.51	PBCRF	PT Bank Central	Pair Corr
0.48	STE	STERIS plc	Pair Corr
0.82	ARR	ARMOUR Residential REIT	Pair Corr
0.7	ECC-PD	Eagle Point Credit	Pair Corr
0.61	ALTI	Alvarium Tiedemann	Pair Corr
0.46	GOLF	Acushnet Holdings Corp	Pair Corr
0.35	FCAP	First Capital	Pair Corr
0.35	TFC	Truist Financial Corp	Pair Corr
0.82	FMSTW	Foremost Lithium Resource	Pair Corr
0.78	KEX	Kirby	Pair Corr
0.75	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.74	CAH	Cardinal Health	Pair Corr
0.63	PPIH	Perma Pipe Internati	Pair Corr
0.59	MDGL	Madrigal Pharmaceuticals	Pair Corr

Related Correlations Analysis

	MDXHF	RCEL	BCCOY	CLLKF	DMTRF	PXMBF	IMPZY	JUSHF	MLLCF	SPHDF
MDXHF		0.86	-0.4	-0.1	-0.34	0.0	-0.45	0.51	-0.34	0.58	MDXHF
RCEL	0.86		-0.18	0.11	-0.54	0.0	-0.6	0.59	-0.5	0.46	RCEL
BCCOY	-0.4	-0.18		0.43	-0.21	0.0	-0.27	0.13	-0.16	-0.29	BCCOY
CLLKF	-0.1	0.11	0.43		-0.62	0.0	-0.53	0.09	-0.44	-0.17	CLLKF
DMTRF	-0.34	-0.54	-0.21	-0.62		0.0	0.77	-0.21	0.6	-0.02	DMTRF
PXMBF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PXMBF
IMPZY	-0.45	-0.6	-0.27	-0.53	0.77	0.0		-0.62	0.56	-0.02	IMPZY
JUSHF	0.51	0.59	0.13	0.09	-0.21	0.0	-0.62		-0.16	0.04	JUSHF
MLLCF	-0.34	-0.5	-0.16	-0.44	0.6	0.0	0.56	-0.16		-0.08	MLLCF
SPHDF	0.58	0.46	-0.29	-0.17	-0.02	0.0	-0.02	0.04	-0.08		SPHDF
	MDXHF	RCEL	BCCOY	CLLKF	DMTRF	PXMBF	IMPZY	JUSHF	MLLCF	SPHDF

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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

RCEL	+ 0.86	MDXHF
IMPZY	+ 0.77	DMTRF
MLLCF	+ 0.6	DMTRF
JUSHF	+ 0.59	RCEL
SPHDF	+ 0.58	MDXHF
MLLCF	+ 0.56	IMPZY

High negative correlations

JUSHF	- 0.62	IMPZY
DMTRF	- 0.62	CLLKF
IMPZY	- 0.6	RCEL
DMTRF	- 0.54	RCEL
IMPZY	- 0.53	CLLKF
MLLCF	- 0.5	RCEL

Risk-Adjusted Indicators

There is a big difference between Venus Pink Sheet performing well and Venus Medtech 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 Venus Medtech'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
MDXHF	2.39	(0.91)	0.00	0.99	0.00	0.00	0.00	0.00	84.26
RCEL	2.65	(0.60)	0.00	(1.32)	0.00	0.00	4.27	(4.84)	30.03
BCCOY	1.24	0.11	0.00	0.56	0.00	0.00	0.00	0.00	59.03
CLLKF	1.60	0.00	0.00	0.08	0.00	0.00	8.64	(8.14)	27.90
DMTRF	1.51	0.76	0.00	4.27	0.00	0.00	0.00	0.00	27.33
PXMBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMPZY	0.01	(0.01)	0.00	0.63	0.00	0.00	0.00	0.00	0.25
JUSHF	7.43	0.39	0.04	0.41	9.54	(10.29)	22.22	(10.77)	104.05
MLLCF	0.58	0.05	0.00	(0.07)	0.00	0.00	0.00	0.00	28.86
SPHDF	1.05	(0.41)	0.00	3.99	0.00	0.00	0.00	0.00	27.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Venus Medtech 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.

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Venus Medtech Corporate Management

Shakeel Osman	VP Europe	Profile
Haiyue Ma	CFO Sec	Profile
Joyce Heo	Director Sales	Profile
Zhenjun Zi	GM Founder	Profile
HouSen MEng	CTO COO	Profile
Christopher Richardson	Head Operations	Profile
Min Zeng	Ex Chairman	Profile

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