Epitomee Medical Correlations
| EPIT Stock | 309.80 9.90 3.30% |
The correlation of Epitomee Medical 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Epitomee Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Epitomee Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Epitomee Medical and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epitomee Medical and NYA in the same portfolio, assuming nothing else is changed.
Epitomee |
The ability to find closely correlated positions to Epitomee Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Epitomee Medical 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 Epitomee Medical - 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 Epitomee Medical to buy it.
Moving together with Epitomee Stock
| 0.79 | BWAY | Brainsway Earnings Call This Week | PairCorr |
| 0.82 | EMITF | Elbit Imaging | PairCorr |
| 0.7 | ENVM | Envizion Medical | PairCorr |
| 0.9 | INSL | Insuline Medical | PairCorr |
| 0.83 | HUMX | Human Xtensions | PairCorr |
| 0.75 | BEZQ | Bezeq Israeli Teleco | PairCorr |
| 0.72 | ARNA | Arena Star Group | PairCorr |
Moving against Epitomee Stock
| 0.83 | INCR | Intercure | PairCorr |
| 0.7 | ENRG | Energix Renewable | PairCorr |
| 0.68 | SOFW | Sofwave Medical | PairCorr |
| 0.62 | ISRA | Isramco Negev 2 Earnings Call This Week | PairCorr |
| 0.61 | LUMI | Bank Leumi Le | PairCorr |
| 0.49 | ICL | ICL Israel Chemicals Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Epitomee Stock performing well and Epitomee Medical 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 Epitomee Medical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INCR | 3.62 | 1.50 | 0.55 | (2.03) | 1.80 | 12.44 | 20.38 | |||
| BIOV | 2.29 | (0.32) | 0.00 | (0.55) | 0.00 | 5.95 | 16.62 | |||
| EMITF | 2.06 | (0.27) | 0.00 | 4.60 | 0.00 | 6.04 | 16.83 | |||
| ENDY | 2.09 | 0.15 | 0.02 | 4.71 | 2.64 | 6.13 | 17.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Epitomee Medical 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?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Epitomee Medical Corporate Management
Elected by the shareholders, the Epitomee Medical's board of directors comprises two types of representatives: Epitomee Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Epitomee. The board's role is to monitor Epitomee Medical's management team and ensure that shareholders' interests are well served. Epitomee Medical'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, Epitomee Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Maya Gabrieli | VP Fin | Profile | |
| Safi Landskroner | VP Marketing | Profile | |
| Dan Hashimshony | Chief Officer | Profile | |
| Ruthie MD | Chief Officer | Profile | |
| Gal Aharonowitz | Chief Officer | Profile |
Already Invested in Epitomee Medical?
The danger of trading Epitomee Medical is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Epitomee Medical is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Epitomee Medical. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Epitomee Medical is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Epitomee Medical. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Epitomee Stock analysis
When running Epitomee Medical's price analysis, check to measure Epitomee Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Epitomee Medical is operating at the current time. Most of Epitomee Medical's value examination focuses on studying past and present price action to predict the probability of Epitomee Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Epitomee Medical's price. Additionally, you may evaluate how the addition of Epitomee Medical to your portfolios can decrease your overall portfolio volatility.
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |