Reliq Health Correlations
| RQHTF Stock | USD 0 0.0001 10.00% |
The current 90-days correlation between Reliq Health Technologies and GE HealthCare Technologies is -0.29 (i.e., Very good diversification). The correlation of Reliq Health 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.
Reliq Health Correlation With Market
Average diversification
The correlation between Reliq Health 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 Reliq Health Technologies and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Reliq Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Reliq Health 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 Reliq Health - 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 Reliq Health Technologies to buy it.
Moving together with Reliq Pink Sheet
| 0.73 | TPDDF | Talon Energy | PairCorr |
| 0.86 | EPGG | Empire Global Gaming | PairCorr |
| 0.66 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
Moving against Reliq Pink Sheet
| 0.85 | JXN-PA | Jackson Financial | PairCorr |
| 0.75 | MET | MetLife Sell-off Trend | PairCorr |
| 0.71 | MTHRF | M3 Inc | PairCorr |
| 0.6 | DOCS | Doximity | PairCorr |
| 0.59 | HQY | HealthEquity Earnings Call This Week | PairCorr |
| 0.52 | FTI | TechnipFMC PLC | PairCorr |
| 0.41 | SOLV | Solventum Corp | PairCorr |
| 0.35 | ESLAW | Estrella Immunopharma | PairCorr |
| 0.89 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | HD | Home Depot | PairCorr |
| 0.8 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.72 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.66 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.66 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.57 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.53 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.53 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.52 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.52 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.52 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.51 | FTNT | Fortinet | PairCorr |
| 0.51 | OPFI | OppFi Inc | PairCorr |
| 0.51 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.46 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Related Correlations Analysis
| -0.48 | 0.11 | -0.35 | -0.57 | GEHC | ||
| -0.48 | 0.34 | 0.51 | 0.47 | VEEV | ||
| 0.11 | 0.34 | 0.27 | 0.36 | SOLV | ||
| -0.35 | 0.51 | 0.27 | 0.82 | DOCS | ||
| -0.57 | 0.47 | 0.36 | 0.82 | HQY | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Reliq Pink Sheet performing well and Reliq Health 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 Reliq Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GEHC | 1.01 | (0.03) | 0.00 | (0.11) | 0.00 | 2.26 | 6.66 | |||
| VEEV | 1.32 | 0.07 | 0.05 | 0.19 | 1.50 | 3.49 | 15.98 | |||
| SOLV | 1.26 | 0.17 | 0.09 | 0.36 | 1.33 | 2.56 | 8.30 | |||
| DOCS | 2.32 | 0.51 | 0.19 | 0.56 | 2.25 | 5.15 | 43.10 | |||
| HQY | 1.59 | 0.24 | 0.19 | 0.27 | 1.40 | 3.46 | 15.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Reliq Health 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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Reliq Health Corporate Management
| Lisa PEng | CEO Director | Profile | |
| Michael CFA | Chief Officer | Profile | |
| Joyce MD | Chief Member | Profile | |
| Chris Ryan | Chief Officer | Profile | |
| Dave McKay | Chief Officer | Profile |