Futura Medical Correlations
| FUM Stock | 9.75 0.49 4.79% |
The current 90-days correlation between Futura Medical and OptiBiotix Health Plc is 0.01 (i.e., Significant diversification). The correlation of Futura 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.
Futura Medical Correlation With Market
Average diversification
The correlation between Futura Medical and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Futura Medical and DJI in the same portfolio, assuming nothing else is changed.
Futura |
The ability to find closely correlated positions to Futura Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Futura Medical 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 Futura Medical - 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 Futura Medical to buy it.
Moving against Futura Stock
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| 0.87 | 0J6X | Teleperformance SE | PairCorr |
| 0.87 | 0ROM | Gestamp Automocion | PairCorr |
| 0.85 | JMAT | Johnson Matthey PLC | PairCorr |
| 0.84 | RBN | Robinson plc | PairCorr |
| 0.82 | RKT | Reckitt Benckiser | PairCorr |
| 0.82 | JADE | Jade Road Investments | PairCorr |
| 0.8 | SLP | Sylvania Platinum | PairCorr |
| 0.78 | COD | Compagnie de Saint | PairCorr |
| 0.77 | 0LJ9 | United States Steel | PairCorr |
| 0.75 | JARA | Jpmorgan Global Core | PairCorr |
| 0.73 | 0K8W | Derichebourg | PairCorr |
| 0.72 | DSG | Dillistone Group | PairCorr |
| 0.72 | 0E5M | De Longhi SpA | PairCorr |
| 0.6 | HSBK | Halyk Bank | PairCorr |
| 0.6 | HSBK | Halyk Bank | PairCorr |
| 0.59 | AEX | Aminex PLC | PairCorr |
| 0.59 | 0LQQ | Vodafone Group PLC | PairCorr |
| 0.59 | TOWN | Town Centre Securities | PairCorr |
| 0.55 | ATYM | Atalaya Mining | PairCorr |
| 0.49 | BC94 | Samsung Electronics | PairCorr |
| 0.49 | SMSN | Samsung Electronics | PairCorr |
| 0.48 | 0F08 | Kongsberg Gruppen ASA | PairCorr |
| 0.43 | SMSD | Samsung Electronics | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Futura Stock performing well and Futura 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 Futura 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AT | 1.96 | 0.14 | 0.06 | 0.11 | 2.34 | 3.77 | 19.84 | |||
| 0HTG | 0.84 | 0.21 | 0.21 | 9.91 | 0.98 | 1.58 | 5.84 | |||
| 0LCX | 1.30 | 0.21 | 0.19 | 1.32 | 1.17 | 3.20 | 17.50 | |||
| 0KJD | 1.44 | 0.03 | 0.04 | 0.03 | 2.11 | 2.52 | 15.98 | |||
| JUP | 1.70 | (0.10) | 0.00 | (0.21) | 0.00 | 3.53 | 11.37 | |||
| 0J1R | 1.46 | 0.14 | 0.09 | (1.22) | 2.24 | 2.95 | 12.44 | |||
| OPTI | 2.16 | (0.28) | 0.00 | (8.58) | 0.00 | 4.92 | 13.54 | |||
| 0LTG | 0.72 | 0.15 | 0.25 | 0.60 | 0.64 | 1.55 | 6.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Futura Medical 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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Futura Medical Corporate Executives
Elected by the shareholders, the Futura Medical's board of directors comprises two types of representatives: Futura Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Futura. The board's role is to monitor Futura Medical's management team and ensure that shareholders' interests are well served. Futura Medical'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, Futura Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Angela Hildreth | Finance COO | Profile |