Beyond Medical Correlations

DOCKF Stock

USD 0.07 0.00 0.00%

The current 90-days correlation between Beyond Medical Techn and GEN Restaurant Group, is -0.06 (i.e., Good diversification). The correlation of Beyond Medical 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.

Beyond Medical Correlation With Market

Good diversification

The correlation between Beyond Medical Technologies and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beyond Medical Technologies 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 Beyond Medical Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Beyond Stock

0.67	ERII	Energy Recovery	Pair Corr
0.74	G	Genpact Limited	Pair Corr
0.64	DE	Deere Company	Pair Corr
0.86	EH	Ehang Holdings	Pair Corr
0.62	GE	GE Aerospace	Pair Corr

Moving against Beyond Stock

0.91	CECO	CECO Environmental Corp	Pair Corr
0.85	CLIR	ClearSign Combustion	Pair Corr
0.83	SCWO	374Water Common Stock Earnings Call Today	Pair Corr
0.82	ARQ	Arq Inc	Pair Corr
0.81	LIQT	LiqTech International	Pair Corr
0.78	VLTO	Veralto Sell-off Trend	Pair Corr
0.78	ZWS	Zurn Elkay Water	Pair Corr
0.69	FSS	Federal Signal	Pair Corr
0.68	ATMU	Atmus Filtration Tec	Pair Corr
0.67	PCTTW	PureCycle Technologies	Pair Corr
0.57	TOMZ	TOMI Environmental Earnings Call This Week	Pair Corr
0.55	ADUR	Aduro Clean Technologies	Pair Corr
0.55	CHNR	China Natural Resources	Pair Corr
0.54	PCT	Purecycle Technologies	Pair Corr
0.5	PCTTU	Purecycle Technologies	Pair Corr
0.32	FTEK	Fuel Tech	Pair Corr
0.86	BV	BrightView Holdings	Pair Corr
0.85	J	Jacobs Solutions	Pair Corr
0.81	BW	Babcock Wilcox Enter	Pair Corr
0.81	CW	Curtiss Wright	Pair Corr
0.76	DEVS	DevvStream Corp Common Symbol Change	Pair Corr
0.65	DY	Dycom Industries	Pair Corr
0.57	AP	Ampco Pittsburgh	Pair Corr
0.47	CLWT	Euro Tech Holdings	Pair Corr
0.42	R	Ryder System Earnings Call This Week	Pair Corr
0.81	OP	Oceanpal	Pair Corr
0.8	GP	GreenPower Motor	Pair Corr
0.79	IR	Ingersoll Rand	Pair Corr
0.75	KE	Kimball Electronics	Pair Corr

Related Correlations Analysis

	GENK	RAVE	STKS	ARKR	BDL	YUM	MED	SFD
GENK		-0.23	-0.05	0.56	-0.33	-0.79	0.76	-0.43	GENK
RAVE	-0.23		-0.52	-0.53	-0.03	0.57	-0.42	-0.43	RAVE
STKS	-0.05	-0.52		0.52	0.17	-0.45	0.1	0.55	STKS
ARKR	0.56	-0.53	0.52		0.11	-0.81	0.42	0.09	ARKR
BDL	-0.33	-0.03	0.17	0.11		0.08	-0.22	0.35	BDL
YUM	-0.79	0.57	-0.45	-0.81	0.08		-0.71	0.01	YUM
MED	0.76	-0.42	0.1	0.42	-0.22	-0.71		-0.08	MED
SFD	-0.43	-0.43	0.55	0.09	0.35	0.01	-0.08		SFD
	GENK	RAVE	STKS	ARKR	BDL	YUM	MED	SFD

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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

MED	+ 0.76	GENK
YUM	+ 0.57	RAVE
ARKR	+ 0.56	GENK
SFD	+ 0.55	STKS
ARKR	+ 0.52	STKS
MED	+ 0.42	ARKR

High negative correlations

YUM	- 0.81	ARKR
YUM	- 0.79	GENK
MED	- 0.71	YUM
ARKR	- 0.53	RAVE
STKS	- 0.52	RAVE
YUM	- 0.45	STKS

Risk-Adjusted Indicators

There is a big difference between Beyond Stock performing well and Beyond Medical 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 Beyond Medical'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
GENK	2.61	(0.27)	0.00	(0.16)	0.00	0.00	5.42	(4.50)	32.07
RAVE	2.43	0.09	0.03	0.06	2.86	(3.18)	4.93	(4.63)	26.27
STKS	2.85	0.14	0.04	0.05	3.24	(3.39)	6.57	(4.90)	20.30
ARKR	3.03	(0.01)	0.00	(0.03)	0.00	0.00	7.68	(5.60)	24.40
BDL	1.06	(0.03)	0.00	0.25	0.00	0.00	2.30	(2.57)	7.74
YUM	1.08	0.30	0.25	0.57	0.97	(1.31)	2.05	(1.72)	12.45
MED	1.88	(0.37)	0.00	(3.32)	0.00	0.00	4.16	(4.72)	18.13
SFD	1.89	0.02	0.01	0.02	2.41	(1.86)	3.49	(3.58)	11.62

Beyond Medical Corporate Management

Stevenson Ty	Interim Officer	Profile
Kulwant Malhi	Chairman CEO	Profile
CPA CGA	Chief Officer	Profile
Karen Lauriston	Community Investor	Profile
Litong Cao	Chief Officer	Profile

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