GLOBUS MEDICAL Correlations

Stocks . Germany . 
Stock . GLOBUS MEDICAL A
GM0N Stock  EUR 78.00  2.00  2.50%   
The current 90-days correlation between GLOBUS MEDICAL A and Infrastrutture Wireless Italiane is -0.12 (i.e., Good diversification). The correlation of GLOBUS 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.

GLOBUS MEDICAL Correlation With Market

Good diversification

The correlation between GLOBUS MEDICAL A and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GLOBUS MEDICAL A and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GLOBUS 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 GLOBUS 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 GLOBUS 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 GLOBUS MEDICAL A to buy it.

Moving together with GLOBUS Stock

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Moving against GLOBUS Stock

  0.83EII EisaiPairCorr
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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   
ODP
+ 1.0
1P3N
1WT
+ 0.78
AOX
4I3
+ 0.75
AOX
47X
+ 0.68
WI8
1G3
+ 0.58
1WT
4I3
+ 0.52
1WT
  
High negative correlations   
WI8
- 0.88
AOX
1WT
- 0.84
WI8
47X
- 0.8
AOX
4I3
- 0.7
47X
4I3
- 0.61
WI8
1WT
- 0.56
47X

Risk-Adjusted Indicators

There is a big difference between GLOBUS Stock performing well and GLOBUS 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 GLOBUS 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in GLOBUS 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.

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GLOBUS MEDICAL Corporate Management

Elected by the shareholders, the GLOBUS MEDICAL's board of directors comprises two types of representatives: GLOBUS MEDICAL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GLOBUS. The board's role is to monitor GLOBUS MEDICAL's management team and ensure that shareholders' interests are well served. GLOBUS 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, GLOBUS MEDICAL's outside directors are responsible for providing unbiased perspectives on the board's policies.
Steve ZarrilliIndependent DirectorProfile
David PaulExecutive Chairman of the BoardProfile
James TobinIndependent DirectorProfile
Robert DouglasIndependent DirectorProfile
Ann RhoadsIndependent DirectorProfile
Daniel LemaitreIndependent DirectorProfile
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