Cambium Bio Correlations

CMB Stock

0.51 0.01 2.00%

The current 90-days correlation between Cambium Bio and Alternative Investment Trust is -0.09 (i.e., Good diversification). The correlation of Cambium Bio 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.

Cambium Bio Correlation With Market

Significant diversification

The correlation between Cambium Bio and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cambium Bio and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cambium Bio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cambium Bio 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 Cambium Bio - 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 Cambium Bio to buy it.

Moving together with Cambium Stock

0.64	SIG	Sigma Healthcare	Pair Corr
0.69	EHL	Emeco Holdings	Pair Corr
0.61	NST	Northern Star Resources Earnings Call This Week	Pair Corr
0.67	ABB	Aussie Broadband	Pair Corr

Moving against Cambium Stock

0.56	ATH	Alterity Therapeutics	Pair Corr
0.43	BLZ	BLAZE Minerals	Pair Corr

Related Correlations Analysis

	AIQ	KKC	NABPH	IFL	IAGPF	PNC	MIR	MAM
AIQ		0.4	-0.28	-0.09	-0.51	-0.43	0.28	0.58	AIQ
KKC	0.4		-0.59	-0.34	-0.53	-0.63	0.47	0.4	KKC
NABPH	-0.28	-0.59		0.65	0.73	0.8	-0.56	-0.55	NABPH
IFL	-0.09	-0.34	0.65		0.74	0.62	-0.58	-0.5	IFL
IAGPF	-0.51	-0.53	0.73	0.74		0.8	-0.6	-0.7	IAGPF
PNC	-0.43	-0.63	0.8	0.62	0.8		-0.56	-0.66	PNC
MIR	0.28	0.47	-0.56	-0.58	-0.6	-0.56		0.65	MIR
MAM	0.58	0.4	-0.55	-0.5	-0.7	-0.66	0.65		MAM
	AIQ	KKC	NABPH	IFL	IAGPF	PNC	MIR	MAM

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

PNC	+ 0.8	NABPH
PNC	+ 0.8	IAGPF
IAGPF	+ 0.74	IFL
IAGPF	+ 0.73	NABPH
IFL	+ 0.65	NABPH
MAM	+ 0.65	MIR

High negative correlations

MAM	- 0.7	IAGPF
MAM	- 0.66	PNC
PNC	- 0.63	KKC
MIR	- 0.6	IAGPF
NABPH	- 0.59	KKC
MIR	- 0.58	IFL

Risk-Adjusted Indicators

There is a big difference between Cambium Stock performing well and Cambium Bio 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 Cambium Bio'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
AIQ	0.86	(0.19)	0.00	(0.68)	0.00	0.00	2.01	(5.00)	12.13
KKC	0.65	(0.03)	0.00	0.33	0.00	0.00	1.35	(1.72)	3.62
NABPH	0.12	0.00	(0.38)	0.15	0.07	(0.14)	0.27	(0.21)	0.74
IFL	0.20	0.01	(0.15)	0.30	0.21	(0.29)	0.44	(0.44)	1.32
IAGPF	0.22	0.03	(0.13)	(0.09)	0.25	(0.27)	0.51	(0.49)	1.82
PNC	1.94	0.42	0.15	1.11	1.43	(3.66)	6.06	(3.33)	13.16
MIR	0.52	(0.05)	0.00	(0.39)	0.00	0.00	1.22	(0.92)	2.97
MAM	1.17	(0.13)	0.00	26.85	0.00	0.00	1.89	(3.51)	10.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cambium Bio 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.

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Cambium Bio Corporate Management

Elected by the shareholders, the Cambium Bio's board of directors comprises two types of representatives: Cambium Bio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cambium. The board's role is to monitor Cambium Bio's management team and ensure that shareholders' interests are well served. Cambium Bio'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, Cambium Bio's outside directors are responsible for providing unbiased perspectives on the board's policies.

Bus FCIS	Company Secretary	Profile
Charlotte Morgan	Head Development	Profile
MS MBA	Chief Officer	Profile
Hang Leung	Company Secretary	Profile

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