Thermogenesis Holdings Correlations

Summary

THMODelisted Stock

USD 0.32 0.01 3.03%

The current 90-days correlation between Thermogenesis Holdings and Tivic Health Systems is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thermogenesis Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thermogenesis Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Thermogenesis Holdings Correlation With Market

Good diversification

The correlation between Thermogenesis Holdings and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thermogenesis Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Thermogenesis Stock

0.79	DYNT	Dynatronics	Pair Corr
0.67	BBLGW	Bone Biologics Corp	Pair Corr
0.73	SNN	Smith Nephew SNATS	Pair Corr
0.71	STE	STERIS plc	Pair Corr
0.71	XTNT	Xtant Medical Holdings	Pair Corr
0.64	HSDT	Helius Medical Techn	Pair Corr
0.62	ZIMV	ZimVie Inc	Pair Corr

Moving against Thermogenesis Stock

0.82	VREX	Varex Imaging Corp	Pair Corr
0.79	PEN	Penumbra	Pair Corr
0.78	NXL	Nexalin Technology	Pair Corr
0.78	GMED	Globus Medical	Pair Corr
0.76	GKOS	Glaukos Corp	Pair Corr
0.74	ECOR	Electrocore LLC	Pair Corr
0.73	OM	Outset Medical	Pair Corr
0.73	MYO	Myomo Inc	Pair Corr
0.67	XAIR	Beyond Air	Pair Corr
0.59	VMD	Viemed Healthcare	Pair Corr
0.39	WOK	WORK Medical Technology	Pair Corr
0.79	MASI	Masimo	Pair Corr
0.75	LUCD	Lucid Diagnostics	Pair Corr
0.7	IART	Integra LifeSciences	Pair Corr
0.68	ITGR	Integer Holdings Corp	Pair Corr
0.63	IRMD	Iradimed	Pair Corr
0.55	INMD	InMode	Pair Corr
0.5	IRTC	iRhythm Technologies	Pair Corr
0.49	MDAI	Spectral AI Buyout Trend	Pair Corr
0.47	ICCM	Icecure Medical	Pair Corr
0.35	IINN	Inspira Technologies Oxy	Pair Corr
0.34	ICAD	icad inc	Pair Corr

Related Correlations Analysis

	TIVC	TLIS	BJDX	HSCS	NUWE	SINT	RSLS	BBLG	RMED	NAOV
TIVC		-0.03	0.17	-0.39	0.29	-0.33	0.34	-0.36	0.12	0.01	TIVC
TLIS	-0.03		0.75	0.48	-0.27	-0.11	0.4	0.48	0.87	-0.43	TLIS
BJDX	0.17	0.75		0.31	-0.38	-0.02	0.7	0.24	0.9	-0.11	BJDX
HSCS	-0.39	0.48	0.31		-0.19	-0.1	-0.29	0.71	0.33	-0.36	HSCS
NUWE	0.29	-0.27	-0.38	-0.19		-0.42	-0.35	-0.07	-0.29	-0.16	NUWE
SINT	-0.33	-0.11	-0.02	-0.1	-0.42		0.19	-0.05	-0.07	0.32	SINT
RSLS	0.34	0.4	0.7	-0.29	-0.35	0.19		-0.27	0.67	0.11	RSLS
BBLG	-0.36	0.48	0.24	0.71	-0.07	-0.05	-0.27		0.3	-0.17	BBLG
RMED	0.12	0.87	0.9	0.33	-0.29	-0.07	0.67	0.3		-0.37	RMED
NAOV	0.01	-0.43	-0.11	-0.36	-0.16	0.32	0.11	-0.17	-0.37		NAOV
	TIVC	TLIS	BJDX	HSCS	NUWE	SINT	RSLS	BBLG	RMED	NAOV

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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

RMED	+ 0.9	BJDX
RMED	+ 0.87	TLIS
BJDX	+ 0.75	TLIS
BBLG	+ 0.71	HSCS
RSLS	+ 0.7	BJDX
RMED	+ 0.67	RSLS

High negative correlations

NAOV	- 0.43	TLIS
SINT	- 0.42	NUWE
HSCS	- 0.39	TIVC
NUWE	- 0.38	BJDX
NAOV	- 0.37	RMED
NAOV	- 0.36	HSCS

Risk-Adjusted Indicators

There is a big difference between Thermogenesis Stock performing well and Thermogenesis Holdings 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 Thermogenesis Holdings' 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
TIVC	4.66	(0.11)	0.00	(0.02)	0.00	0.00	12.12	(6.90)	79.31
TLIS	4.85	(1.85)	0.00	5.84	0.00	0.00	5.32	(10.69)	68.77
BJDX	6.37	(0.90)	0.00	(2.25)	0.00	0.00	13.03	(13.14)	120.52
HSCS	4.98	(0.15)	0.00	0.06	5.33	(6.23)	11.44	(8.97)	58.33
NUWE	10.35	1.62	0.10	(0.61)	10.80	(13.50)	25.66	(20.93)	141.14
SINT	7.33	0.46	0.10	0.26	7.49	(8.92)	17.29	(12.32)	84.59
RSLS	4.76	(0.49)	0.00	3.66	0.00	0.00	7.93	(10.12)	42.57
BBLG	9.09	0.81	0.09	0.69	8.77	(14.60)	18.13	(17.14)	163.17
RMED	2.66	(1.07)	0.00	9.91	0.00	0.00	4.50	(6.11)	14.82
NAOV	4.21	0.39	0.06	0.61	4.90	(5.29)	9.26	(7.46)	32.03

Thermogenesis Holdings Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Thermogenesis Holdings stock to make a market-neutral strategy. Peer analysis of Thermogenesis Holdings could also be used in its relative valuation, which is a method of valuing Thermogenesis Holdings by comparing valuation metrics with similar companies.

Tivic Health Systems Talis Biomedical Corp Bluejay Diagnostics Heart Test Laboratories Nuwellis SINTX Technologies ReShape Lifesciences Bone Biologics Corp RA Medical Systems NanoVibronix Vivos Therapeutics Rapid Micro Biosystems American Airlines Group Alcoa Corp Apple Inc

Risk & Return

Correlation

Thermogenesis Holdings Corporate Management

Haihong Zhu	Chief Officer	Profile
Jeffery CPA	Principal CFO	Profile
Xiaochun MBA	Chairman CEO	Profile
Mindy WilkeDouglas	VP Operations	Profile

Still Interested in Thermogenesis Holdings?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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