Wesana Health Correlations
| WSNAF Stock | USD 0.04 0.03 47.33% |
The current 90-days correlation between Wesana Health Holdings and Awakn Life Sciences is 0.05 (i.e., Significant diversification). The correlation of Wesana Health 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.
Wesana Health Correlation With Market
Good diversification
The correlation between Wesana Health Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wesana Health Holdings and DJI in the same portfolio, assuming nothing else is changed.
Wesana |
The ability to find closely correlated positions to Wesana Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesana Health 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 Wesana Health - 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 Wesana Health Holdings to buy it.
Moving together with Wesana Pink Sheet
| 0.62 | ARGX | argenx NV ADR | PairCorr |
| 0.8 | JPHLF | Japan Post Holdings | PairCorr |
| 0.72 | GILT | Gilat Satellite Networks | PairCorr |
| 0.61 | AXP | American Express | PairCorr |
Moving against Wesana Pink Sheet
| 0.65 | NVO | Novo Nordisk AS Earnings Call This Week | PairCorr |
| 0.64 | NONOF | Novo Nordisk AS Earnings Call This Week | PairCorr |
| 0.56 | CSLLY | CSL | PairCorr |
| 0.55 | PBCRY | Bank Central Asia | PairCorr |
| 0.51 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.5 | QSAM | Qsam Biosciences | PairCorr |
| 0.44 | RELIW | Reliance Global Group | PairCorr |
| 0.42 | CMXHF | CSL Limited | PairCorr |
| 0.41 | BKRKF | PT Bank Rakyat Earnings Call This Week | PairCorr |
| 0.36 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.35 | BKRKY | Bank Rakyat Earnings Call This Week | PairCorr |
| 0.33 | VRTX | Vertex Pharmaceuticals Earnings Call This Week | PairCorr |
| 0.32 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.31 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.54 | AA | Alcoa Corp | PairCorr |
| 0.51 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.46 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.37 | VZ | Verizon Communications | PairCorr |
| 0.34 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.31 | PG | Procter Gamble | 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
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Risk-Adjusted Indicators
There is a big difference between Wesana Pink Sheet performing well and Wesana Health 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 Wesana Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REVBW | 8.73 | 1.28 | 0.10 | 0.58 | 10.20 | 18.52 | 110.25 | |||
| AWKNF | 3.21 | (0.22) | 0.00 | (0.18) | 0.00 | 11.00 | 36.94 | |||
| HAVLF | 176.47 | 89.39 | 0.00 | (5.62) | 0.00 | 0.00 | 5,190 | |||
| SILO | 5.23 | 0.82 | 0.12 | (9.45) | 5.32 | 10.23 | 63.20 | |||
| BVAXF | 4.54 | (0.31) | 0.00 | 1.09 | 0.00 | 10.40 | 37.17 | |||
| GHRS | 3.47 | 0.54 | 0.09 | (0.73) | 4.41 | 8.59 | 26.47 | |||
| AGNPF | 5.77 | 0.33 | 0.03 | 0.34 | 6.98 | 13.08 | 52.06 | |||
| AXIM | 12.31 | 1.87 | 0.07 | 0.66 | 12.20 | 50.00 | 125.00 | |||
| MCET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HESG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wesana Health 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?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Wesana Health Corporate Management
| Daniel Carcillo | CEO CoFounder | Profile | |
| Jeffrey Jewell | VP Affairs | Profile | |
| Zed Wang | CFO Sec | Profile | |
| Mark Wingertzahn | Chief Officer | Profile | |
| Chad Bronstein | CoFounder | Profile | |
| Keenan Gentry | VP Devel | Profile | |
| Izzy Forman | VP Communications | Profile |