Myndai, Correlations

MYND Stock

USD 2.92 0.61 26.41%

The current 90-days correlation between Myndai, and Kite Realty Group is 0.03 (i.e., Significant diversification). The correlation of Myndai, 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.

Myndai, Correlation With Market

Significant diversification

The correlation between Myndai, and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Myndai, 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 Myndai,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Myndai, Stock refer to our How to Trade Myndai, Stock guide.

Moving together with Myndai, Stock

0.64	EW	Edwards Lifesciences Corp	Pair Corr
0.63	LH	Laboratory	Pair Corr
0.74	DXCM	DexCom Inc Sell-off Trend	Pair Corr
0.69	VREX	Varex Imaging Corp	Pair Corr

Moving against Myndai, Stock

0.63	DRIO	DarioHealth Corp	Pair Corr
0.59	EKSO	Ekso Bionics Holdings	Pair Corr
0.55	VERO	Venus Concept	Pair Corr
0.5	FIGS	Figs Inc	Pair Corr
0.43	FLGT	Fulgent Genetics	Pair Corr
0.73	AHG	Akso Health Group	Pair Corr
0.67	CYH	Community Health Systems	Pair Corr
0.63	ALC	Alcon AG	Pair Corr
0.63	DHR	Danaher	Pair Corr
0.55	CNC	Centene Corp	Pair Corr
0.55	COO	Cooper Companies, Earnings Call This Week	Pair Corr
0.51	AGL	agilon health	Pair Corr
0.51	BDX	Becton Dickinson Sell-off Trend	Pair Corr
0.51	ELV	Elevance Health Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	WAVS	MMSI	SEIC	ALVO	KRG	ALDFU	RDNT	CDR-PB
WAVS		0.04	0.59	0.79	0.16	-0.03	0.22	0.49	WAVS
MMSI	0.04		0.74	-0.08	0.9	0.33	0.83	0.51	MMSI
SEIC	0.59	0.74		0.5	0.79	0.27	0.82	0.74	SEIC
ALVO	0.79	-0.08	0.5		0.0	-0.12	0.12	0.51	ALVO
KRG	0.16	0.9	0.79	0.0		0.33	0.85	0.57	KRG
ALDFU	-0.03	0.33	0.27	-0.12	0.33		0.37	0.16	ALDFU
RDNT	0.22	0.83	0.82	0.12	0.85	0.37		0.68	RDNT
CDR-PB	0.49	0.51	0.74	0.51	0.57	0.16	0.68		CDR-PB
	WAVS	MMSI	SEIC	ALVO	KRG	ALDFU	RDNT	CDR-PB

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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

KRG	+ 0.9	MMSI
RDNT	+ 0.85	KRG
RDNT	+ 0.83	MMSI
RDNT	+ 0.82	SEIC
ALVO	+ 0.79	WAVS
KRG	+ 0.79	SEIC

High negative correlations

ALDFU	- 0.12	ALVO
ALVO	- 0.08	MMSI
ALDFU	- 0.03	WAVS
KRG	- 0.0	ALVO

Risk-Adjusted Indicators

There is a big difference between Myndai, Stock performing well and Myndai, 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 Myndai,'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
WAVS	1.08	0.05	(0.02)	0.38	1.55	(2.05)	3.35	(3.25)	12.07
MMSI	0.84	0.05	(0.01)	0.23	0.86	(0.90)	2.07	(1.23)	6.42
SEIC	0.80	0.20	0.18	0.37	0.55	(0.94)	1.57	(1.56)	7.23
ALVO	1.18	0.04	(0.06)	(0.09)	1.56	(1.29)	3.15	(2.83)	8.63
KRG	0.79	0.05	(0.03)	0.26	0.86	(0.83)	1.56	(1.50)	4.33
ALDFU	0.07	(0.01)	(1.12)	(1.01)	0.08	(0.17)	0.20	(0.10)	0.40
RDNT	1.99	0.19	0.11	0.26	1.84	(2.22)	3.77	(2.61)	22.33
CDR-PB	1.89	0.21	0.02	25.86	2.73	(2.00)	4.28	(4.61)	13.67

Myndai, Corporate Management

Siyuan Wang	Chief Officer	Profile
Allyson Krause	Executive Counsel	Profile
Lance Solomon	Chief Officer	Profile
Ronan OLoan	Chief Officer	Profile
Serena Xue	Manager Relations	Profile

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