Mach7 Technologies Correlations
| M7T Stock | 0.39 0.01 2.63% |
The current 90-days correlation between Mach7 Technologies and Apiam Animal Health is 0.06 (i.e., Significant diversification). The correlation of Mach7 Technologies 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.
Mach7 Technologies Correlation With Market
Average diversification
The correlation between Mach7 Technologies and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mach7 Technologies and DJI in the same portfolio, assuming nothing else is changed.
Mach7 |
The ability to find closely correlated positions to Mach7 Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mach7 Technologies 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 Mach7 Technologies - 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 Mach7 Technologies to buy it.
Moving together with Mach7 Stock
Moving against Mach7 Stock
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
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Risk-Adjusted Indicators
There is a big difference between Mach7 Stock performing well and Mach7 Technologies 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 Mach7 Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AHX | 1.73 | 0.08 | 0.06 | (0.34) | 1.75 | 5.13 | 10.82 | |||
| HPP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AUI | 0.74 | (0.03) | 0.00 | 0.59 | 0.00 | 1.76 | 4.48 | |||
| ONE | 1.51 | (0.01) | 0.00 | (0.13) | 0.00 | 3.57 | 13.81 | |||
| NSR | 0.92 | (0.09) | 0.00 | (0.65) | 0.00 | 1.90 | 5.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mach7 Technologies 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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Mach7 Technologies Corporate Management
Elected by the shareholders, the Mach7 Technologies' board of directors comprises two types of representatives: Mach7 Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mach7. The board's role is to monitor Mach7 Technologies' management team and ensure that shareholders' interests are well served. Mach7 Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mach7 Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kelly Kimball | Vice Culture | Profile | |
| Bob Tranchida | Vice Marketing | Profile | |
| Francoise Dixon | Head Relations | Profile | |
| Rebecca Thompson | Head Relations | Profile | |
| ACIS ACIS | Company Secretary | Profile | |
| Steven Parkes | Global Officer | Profile |