Athens Medical Correlations
| IATR Stock | EUR 2.05 0.07 3.54% |
The current 90-days correlation between Athens Medical CSA and Hellenic Exchanges is 0.31 (i.e., Weak diversification). The correlation of Athens 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Athens Medical Correlation With Market
Significant diversification
The correlation between Athens Medical CSA and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Athens Medical CSA and DJI in the same portfolio, assuming nothing else is changed.
Athens |
The ability to find closely correlated positions to Athens 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 Athens 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 Athens 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 Athens Medical CSA to buy it.
Moving together with Athens Stock
| 0.67 | MOH | Motor Oil Corinth | PairCorr |
| 0.82 | EYDAP | Athens Water Supply | PairCorr |
| 0.61 | INLOT | Intralot SA Integrated | PairCorr |
| 0.63 | VIO | Viohalco SA | PairCorr |
| 0.86 | AVAX | Avax SA | PairCorr |
| 0.76 | EXAE | Hellenic Exchanges | PairCorr |
| 0.66 | FOODL | Foodlink AE | PairCorr |
| 0.74 | VOSYS | Vogiatzoglou Systems | PairCorr |
| 0.71 | ADMIE | Admie Holding SA | PairCorr |
| 0.69 | DROME | Dromeas SA | PairCorr |
| 0.81 | SAR | Gr Sarantis SA | PairCorr |
| 0.82 | AIA | ATHENS INTERNATIONAL | PairCorr |
| 0.62 | AEGN | Aegean Airlines SA | PairCorr |
| 0.65 | AKRIT | Akritas SA | PairCorr |
| 0.62 | TENERGY | Terna Energy Societe | PairCorr |
| 0.64 | EYAPS | Thessaloniki Water Supply | PairCorr |
| 0.72 | EKTER | Ekter SA | PairCorr |
| 0.68 | GEBKA | General Commercial | PairCorr |
| 0.69 | ASCO | As Commercial Industrial | PairCorr |
| 0.7 | ETE | National Bank | PairCorr |
| 0.62 | PLAKR | Plastika Kritis SA | PairCorr |
| 0.74 | ELPE | Hellenic Petroleum | PairCorr |
| 0.96 | ATEK | Attica Publications | PairCorr |
| 0.8 | TPEIR | Piraeus Financial | PairCorr |
| 0.76 | OLYMP | Technical Olympic | PairCorr |
| 0.82 | NAKAS | Philippos Nakas SA | PairCorr |
| 0.87 | BRIQ | BriQ Properties Real Earnings Call Today | PairCorr |
Moving against Athens Stock
Related Correlations Analysis
| -0.46 | 0.66 | 0.38 | 0.83 | EXAE | ||
| -0.46 | -0.23 | -0.13 | -0.51 | HTO | ||
| 0.66 | -0.23 | 0.49 | 0.61 | GEKTERNA | ||
| 0.38 | -0.13 | 0.49 | 0.42 | PPA | ||
| 0.83 | -0.51 | 0.61 | 0.42 | EYDAP | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Athens Stock performing well and Athens 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 Athens 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXAE | 1.09 | 0.23 | 0.14 | 5.35 | 1.20 | 2.88 | 8.39 | |||
| HTO | 0.93 | 0.01 | 0.01 | (0.17) | 1.10 | 2.19 | 4.29 | |||
| GEKTERNA | 0.61 | 0.13 | 0.15 | 0.71 | 0.61 | 1.43 | 5.02 | |||
| PPA | 1.24 | 0.20 | 0.16 | (75.50) | 1.10 | 2.59 | 6.56 | |||
| EYDAP | 0.71 | 0.08 | 0.07 | (0.67) | 0.81 | 1.57 | 5.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Athens 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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Athens Medical Corporate Management
Elected by the shareholders, the Athens Medical's board of directors comprises two types of representatives: Athens Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Athens. The board's role is to monitor Athens Medical's management team and ensure that shareholders' interests are well served. Athens 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, Athens Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Georgios Apostolopoulos | Pres Board | Profile | |
| Christos Apostolopoulos | First Board | Profile | |
| Vassilios Bardis | Chief Officer | Profile | |
| Panagiotis Katsichtis | Chief Accountant | Profile | |
| Fanis Nezeritis | Head Department | Profile | |
| Vasilios Apostolopoulos | CEO Director | Profile | |
| Thodoris Papafotopoulos | Human Mang | Profile |