MEDI ASSIST Correlations
| MEDIASSIST | 469.55 7.80 1.63% |
The current 90-days correlation between MEDI ASSIST HEALTHCARE and Hathway Cable Datacom is 0.58 (i.e., Very weak diversification). The correlation of MEDI ASSIST 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.
MEDI ASSIST Correlation With Market
Significant diversification
The correlation between MEDI ASSIST HEALTHCARE and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEDI ASSIST HEALTHCARE and DJI in the same portfolio, assuming nothing else is changed.
MEDI |
The ability to find closely correlated positions to MEDI ASSIST could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEDI ASSIST 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 MEDI ASSIST - 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 MEDI ASSIST HEALTHCARE to buy it.
Moving together with MEDI Stock
| 0.86 | NAM-INDIA | Nippon Life India | PairCorr |
| 0.76 | FORTIS | Fortis Healthcare | PairCorr |
| 0.87 | CEATLTD | CEAT Limited | PairCorr |
| 0.78 | KEC | KEC International | PairCorr |
Moving against MEDI Stock
| 0.74 | UNIVAFOODS | Univa Foods Limited | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between MEDI Stock performing well and MEDI ASSIST 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 MEDI ASSIST'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HATHWAY | 1.70 | (0.39) | 0.00 | 6.55 | 0.00 | 3.49 | 9.52 | |||
| TOUCHWOOD | 2.98 | (0.44) | 0.00 | 0.59 | 0.00 | 5.43 | 25.98 | |||
| PARACABLES | 2.62 | (0.12) | 0.00 | 2.99 | 0.00 | 5.09 | 20.67 | |||
| SHEMAROO | 2.00 | (0.41) | 0.00 | (0.90) | 0.00 | 5.53 | 14.66 | |||
| HTMEDIA | 1.97 | (0.18) | 0.00 | (2.58) | 0.00 | 3.60 | 19.92 | |||
| CMRSL | 2.90 | (0.21) | 0.00 | 0.38 | 0.00 | 5.00 | 15.11 | |||
| ORTEL | 1.84 | (0.10) | 0.00 | 0.11 | 0.00 | 4.91 | 15.05 | |||
| PNC | 2.37 | (0.95) | 0.00 | (1.33) | 0.00 | 3.90 | 15.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MEDI ASSIST 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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MEDI ASSIST Corporate Management
Elected by the shareholders, the MEDI ASSIST's board of directors comprises two types of representatives: MEDI ASSIST inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MEDI. The board's role is to monitor MEDI ASSIST's management team and ensure that shareholders' interests are well served. MEDI ASSIST'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, MEDI ASSIST's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Abhishek Pandey | SVP Head | Profile | |
| Manish Vij | Senior Head | Profile | |
| Vijay Sankaran | Senior CMO | Profile | |
| Nicholas Taylor | Chief Care | Profile | |
| Prashant Shrivastava | Senior Resources | Profile | |
| Mathew George | Chief Officer | Profile |