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 -0.01 (i.e., Good 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

Pay attention - limited upside

The correlation between Venus Medtech and DJI is -0.78 (i.e., Pay attention - limited upside) 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

0.75

VFSWW

VinFast Auto

Pair Corr

Moving against Venus Pink Sheet

0.82	DXCM	DexCom Inc	Pair Corr
0.68	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.64	GNTX	Gentex	Pair Corr
0.63	WF	Woori Financial Group	Pair Corr
0.48	EC	Ecopetrol SA ADR	Pair Corr
0.42	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.41	SEMHF	Siemens Healthineers	Pair Corr
0.4	SMMNY	Siemens Healthineers	Pair Corr
0.36	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.82	MRK	Merck Company Aggressive Push	Pair Corr
0.8	BA	Boeing	Pair Corr
0.75	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.6	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.6	CAT	Caterpillar	Pair Corr
0.57	MCD	McDonalds Earnings Call This Week	Pair Corr
0.51	CVX	Chevron Corp	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.49	BAC	Bank of America Aggressive Push	Pair Corr
0.47	INTC	Intel Aggressive Push	Pair Corr
0.42	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.37	JPM	JPMorgan Chase	Pair Corr
0.34	CSCO	Cisco Systems Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MDXHF	RCEL	BCCOY	CLLKF	DMTRF	PXMBF	IMPZY	JUSHF	MLLCF	SPHDF
MDXHF		0.16	-0.5	-0.07	0.57	0.0	0.27	0.2	-0.41	0.5	MDXHF
RCEL	0.16		-0.53	-0.32	-0.03	0.0	-0.01	-0.21	-0.65	-0.07	RCEL
BCCOY	-0.5	-0.53		0.21	-0.4	0.0	0.0	-0.19	0.68	-0.41	BCCOY
CLLKF	-0.07	-0.32	0.21		-0.39	0.0	-0.35	-0.06	0.25	-0.25	CLLKF
DMTRF	0.57	-0.03	-0.4	-0.39		0.0	0.62	0.37	-0.3	0.76	DMTRF
PXMBF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PXMBF
IMPZY	0.27	-0.01	0.0	-0.35	0.62	0.0		-0.23	-0.11	0.25	IMPZY
JUSHF	0.2	-0.21	-0.19	-0.06	0.37	0.0	-0.23		0.03	0.5	JUSHF
MLLCF	-0.41	-0.65	0.68	0.25	-0.3	0.0	-0.11	0.03		-0.2	MLLCF
SPHDF	0.5	-0.07	-0.41	-0.25	0.76	0.0	0.25	0.5	-0.2		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

SPHDF	+ 0.76	DMTRF
MLLCF	+ 0.68	BCCOY
IMPZY	+ 0.62	DMTRF
DMTRF	+ 0.57	MDXHF
SPHDF	+ 0.5	MDXHF
SPHDF	+ 0.5	JUSHF

High negative correlations

MLLCF	- 0.65	RCEL
BCCOY	- 0.53	RCEL
BCCOY	- 0.5	MDXHF
SPHDF	- 0.41	BCCOY
MLLCF	- 0.41	MDXHF
DMTRF	- 0.4	BCCOY

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	5.40	2.08	0.00	0.84	0.00	0.00	0.00	0.00	202.73
RCEL	2.51	0.07	0.01	0.28	2.53	(3.18)	6.67	(4.23)	17.83
BCCOY	0.59	(0.13)	0.00	(0.22)	0.00	0.00	0.00	0.00	23.62
CLLKF	1.45	(0.31)	0.00	1.19	0.00	0.00	0.00	(8.14)	28.09
DMTRF	1.51	0.75	0.00	2.56	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	0.60	0.00	0.00	0.00	0.00	0.25
JUSHF	6.85	0.25	0.03	0.22	9.50	(9.09)	18.33	(10.77)	104.05
MLLCF	1.58	(0.62)	0.00	(1.25)	0.00	0.00	0.00	(3.61)	48.13
SPHDF	0.26	0.00	0.00	0.06	0.00	0.00	0.00	0.00	8.71

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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