DiaMedica Therapeutics Correlations

DMAC Stock

USD 4.73 0.22 4.44%

The current 90-days correlation between DiaMedica Therapeutics and Milestone Pharmaceuticals is 0.18 (i.e., Average diversification). The correlation of DiaMedica Therapeutics 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.

DiaMedica Therapeutics Correlation With Market

Average diversification

The correlation between DiaMedica Therapeutics and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DiaMedica Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DiaMedica Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For information on how to trade DiaMedica Stock refer to our How to Trade DiaMedica Stock guide.

Moving together with DiaMedica Stock

0.62	GE	GE Aerospace	Pair Corr
0.63	WMT	Walmart	Pair Corr
0.75	CSCO	Cisco Systems	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr

Moving against DiaMedica Stock

0.43	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.4	CDIO	Cardio Diagnostics	Pair Corr
0.33	SCLX	Scilex Holding	Pair Corr
0.67	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	MIST	MCRB	IKT	ONCY	SCPH	LIFE	LYRA	CNTA	IOVA
MIST		0.08	-0.03	0.24	0.32	0.0	0.27	0.39	0.1	MIST
MCRB	0.08		0.67	0.77	0.51	0.0	0.17	0.3	0.84	MCRB
IKT	-0.03	0.67		0.66	0.36	0.0	0.19	0.07	0.8	IKT
ONCY	0.24	0.77	0.66		0.66	0.0	0.4	0.19	0.86	ONCY
SCPH	0.32	0.51	0.36	0.66		0.0	0.69	-0.03	0.64	SCPH
LIFE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	LIFE
LYRA	0.27	0.17	0.19	0.4	0.69	0.0		-0.11	0.35	LYRA
CNTA	0.39	0.3	0.07	0.19	-0.03	0.0	-0.11		0.21	CNTA
IOVA	0.1	0.84	0.8	0.86	0.64	0.0	0.35	0.21		IOVA
	MIST	MCRB	IKT	ONCY	SCPH	LIFE	LYRA	CNTA	IOVA

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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

IOVA	+ 0.86	ONCY
IOVA	+ 0.84	MCRB
IOVA	+ 0.8	IKT
ONCY	+ 0.77	MCRB
LYRA	+ 0.69	SCPH
IKT	+ 0.67	MCRB

High negative correlations

CNTA	- 0.11	LYRA
CNTA	- 0.03	SCPH
IKT	- 0.03	MIST
IOVA	- 0.0	LIFE
CNTA	- 0.0	LIFE
LYRA	- 0.0	LIFE

Risk-Adjusted Indicators

There is a big difference between DiaMedica Stock performing well and DiaMedica Therapeutics 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 DiaMedica Therapeutics' 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
MIST	3.73	0.36	0.08	0.40	4.46	(4.44)	8.08	(7.01)	37.12
MCRB	3.45	(0.14)	0.00	(0.09)	0.00	0.00	7.81	(6.41)	35.32
IKT	4.78	(0.33)	0.00	0.35	0.00	0.00	10.64	(9.83)	42.63
ONCY	3.37	(0.25)	0.00	(0.19)	0.00	0.00	6.76	(7.23)	28.22
SCPH	2.15	(0.05)	0.00	(0.14)	0.00	0.00	4.86	(4.09)	12.76
LIFE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LYRA	3.00	(0.17)	0.00	(5.54)	0.00	0.00	5.88	(5.88)	25.31
CNTA	3.13	0.06	0.02	0.19	3.43	(3.39)	6.30	(5.83)	15.09
IOVA	3.01	(1.05)	0.00	(1.52)	0.00	0.00	4.31	(7.85)	24.66

DiaMedica Therapeutics Corporate Management

MS MD	Independent Consultant	Profile
Scott CA	CFO Sec	Profile
Edward Calamai	Consulting Manufacturing	Profile
Ambarish Shah	Chief Officer	Profile
Lorianne MD	Chief Officer	Profile
Julie CCRP	Senior Operations	Profile

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