Medprin Regenerative Correlations

Stocks . China . 
Stock . Medprin Regenerative Medical
301033 Stock   49.39  0.76  1.56%   
The current 90-days correlation between Medprin Regenerative and SSAW Hotels Resorts is 0.38 (i.e., Weak diversification). The correlation of Medprin Regenerative 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.

Medprin Regenerative Correlation With Market

Good diversification

The correlation between Medprin Regenerative Medical and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medprin Regenerative Medical and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Medprin Regenerative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medprin Regenerative 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 Medprin Regenerative - 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 Medprin Regenerative Medical to buy it.

Moving together with Medprin Stock

  0.84301298 Baoding Dongli MachineryPairCorr
  0.67000612 Jiaozuo Wanfang AluminumPairCorr
  0.81300378 Digiwin SoftwarePairCorr
  0.84301078 Kidswant ChildrenPairCorr
  0.78300001 Qingdao TGOOD ElectricPairCorr
  0.68300324 Beijing Watertek InfPairCorr
  0.7002522 Zhejiang ZhongchengPairCorr
  0.76688151 Hubei Huaqiang HighPairCorr
  0.62688008 Montage TechnologyPairCorr
  0.72600996 Guizhou BroadcastingTVPairCorr
  0.82688255 Hangzhou Kaierda WeldingPairCorr
  0.72603355 Kingclean ElectricPairCorr
  0.79002815 Shenzhen Suntak CircuitPairCorr
  0.8688277 Tinavi Medical TechnPairCorr
  0.81600268 Guodian Nanjing AutoPairCorr
  0.73002173 Innovative MedicalPairCorr
  0.68603086 Shandong Cynda ChemcialPairCorr
  0.65300590 Queclink WirelessPairCorr

Moving against Medprin Stock

  0.82601857 PetroChina Earnings Call This WeekPairCorr
  0.72600028 China Petroleum Chemical Earnings Call TodayPairCorr
  0.44601816 Beijing Shanghai HighPairCorr
  0.34601658 Postal Savings Bank Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
603636
+ 0.84
002065
603043
+ 0.83
301073
688008
+ 0.83
002065
300682
+ 0.72
002065
300857
+ 0.7
002065
603636
+ 0.7
688008
  
High negative correlations   
603636
- 0.46
603043
002065
- 0.37
603043
688050
- 0.36
603043
688050
- 0.34
301073
300682
- 0.32
688050
688008
- 0.29
688050

Risk-Adjusted Indicators

There is a big difference between Medprin Stock performing well and Medprin Regenerative 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 Medprin Regenerative'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Medprin Regenerative 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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Medprin Regenerative Corporate Executives

Elected by the shareholders, the Medprin Regenerative's board of directors comprises two types of representatives: Medprin Regenerative inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Medprin. The board's role is to monitor Medprin Regenerative's management team and ensure that shareholders' interests are well served. Medprin Regenerative's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Medprin Regenerative's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yahong LuoDeputy CFOProfile
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