Kamada Correlations

KMDA Stock  USD 6.80  0.38  5.29%   
The current 90-days correlation between Kamada and Lifecore Biomedical is -0.05 (i.e., Good diversification). The correlation of Kamada 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.

Kamada Correlation With Market

Average diversification

The correlation between Kamada 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 Kamada and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kamada. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
For information on how to trade Kamada Stock refer to our How to Trade Kamada Stock guide.

Moving together with Kamada Stock

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Moving against Kamada Stock

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  0.69VINC Vincerx PharmaPairCorr
  0.49DRRX Durect Earnings Call This WeekPairCorr
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  0.38ME 23Andme HoldingPairCorr
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  0.66VTYX Ventyx BiosciencesPairCorr
  0.66VYGR Voyager TherapeuticsPairCorr
  0.63VTRS ViatrisPairCorr
  0.54VRDN Viridian TherapeuticsPairCorr
  0.51ELAN Elanco Animal HealthPairCorr
  0.42VRPX Virpax PharmaceuticalsPairCorr
  0.4DYAI Dyadic InternationalPairCorr
  0.34VRCA Verrica PharmaceuticalsPairCorr

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   
IRWDSHPH
IRWDLFCR
ORGOCPIX
SHPHLFCR
MNKLFCR
LSDILFCR
  
High negative correlations   
IRWDCPIX
CPIXSHPH
ORGOSHPH
ORGOIRWD
CPIXLFCR
ORGOLFCR

Risk-Adjusted Indicators

There is a big difference between Kamada Stock performing well and Kamada 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 Kamada'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LFCR  2.91 (0.03) 0.00 (0.17) 0.00 
 6.59 
 28.39 
SHPH  4.50 (0.85) 0.00 (1.49) 0.00 
 11.36 
 25.23 
CPIX  9.53  3.52  0.47  2.22  6.04 
 28.42 
 118.44 
IRWD  4.08 (0.84) 0.00 (0.67) 0.00 
 6.21 
 54.21 
MNK  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ORGO  5.14  1.61  0.25  0.21  4.00 
 6.74 
 115.16 
LSDI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ALIM  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
AGRX  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
GHSI  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

Kamada Corporate Management

LLB BAGeneral VPProfile
Boris GorelikVice ProgramsProfile
Liron ReshefVice ResourcesProfile
Chaime OrlevChief OfficerProfile
Yifat EsqGen LegalProfile
Amir LondonChief OfficerProfile