Comera Life Correlations
| CMRADelisted Stock | USD 0.66 0.01 1.54% |
The current 90-days correlation between Comera Life Sciences and Processa Pharmaceuticals is 0.04 (i.e., Significant diversification). The correlation of Comera Life 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.
Comera Life Correlation With Market
Average diversification
The correlation between Comera Life Sciences and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comera Life Sciences and DJI in the same portfolio, assuming nothing else is changed.
Comera |
The ability to find closely correlated positions to Comera Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comera Life 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 Comera Life - 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 Comera Life Sciences to buy it.
Moving together with Comera Pink Sheet
| 0.74 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Comera Pink Sheet
| 0.89 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.81 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.75 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.66 | PKX | POSCO Holdings | PairCorr |
| 0.64 | WMT | Walmart Aggressive Push | PairCorr |
| 0.62 | PTAIF | PT Astra International | PairCorr |
| 0.61 | PTAIY | Astra International Tbk | PairCorr |
| 0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.6 | PIFMY | Indofood Sukses Makmur | PairCorr |
| 0.57 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.56 | PUTKY | United Tractors Tbk | PairCorr |
| 0.52 | PTLKF | PT Lippo Karawaci | PairCorr |
| 0.49 | CSCO | Cisco Systems Earnings Call This Week | PairCorr |
| 0.48 | INTC | Intel Sell-off Trend | PairCorr |
| 0.46 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.44 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.41 | TSLA | Tesla Inc Buyout Trend | PairCorr |
| 0.4 | SSNLF | Samsung Electronics | PairCorr |
| 0.39 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.38 | HPQ | HP Inc Fiscal Year End 19th of November 2024 | PairCorr |
| 0.38 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.36 | PG | Procter Gamble | 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 Comera Pink Sheet performing well and Comera Life 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 Comera Life'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SABS | 5.50 | 0.55 | 0.08 | 0.87 | 5.81 | 17.06 | 45.73 | |||
| PCSA | 2.74 | (0.67) | 0.00 | (0.81) | 0.00 | 6.20 | 23.47 | |||
| FRTX | 4.93 | 0.71 | 0.07 | (1.26) | 5.64 | 7.84 | 49.60 | |||
| THRD | 3.26 | 0.18 | 0.09 | 0.23 | 4.22 | 9.11 | 27.09 | |||
| INDP | 4.57 | (0.72) | 0.00 | (0.13) | 0.00 | 12.60 | 49.41 | |||
| RZLT | 2.57 | 0.28 | 0.11 | 0.38 | 2.52 | 6.80 | 27.78 | |||
| TPST | 4.74 | (0.49) | 0.00 | (0.03) | 0.00 | 9.35 | 48.77 | |||
| FBRX | 3.39 | (1.04) | 0.00 | (3.80) | 0.00 | 6.31 | 24.06 | |||
| GNLX | 4.40 | 0.63 | 0.12 | 1.57 | 4.15 | 13.94 | 29.44 | |||
| DYAI | 2.84 | (0.31) | 0.00 | (0.54) | 0.00 | 5.84 | 15.25 |
View Comera Life Related Equities
| Risk & Return | Correlation |
Comera Life Corporate Management
| Jeffrey Hackman | Pres Chairman | Profile | |
| MSPH MD | Ex COO | Profile | |
| David Soane | CoFounder Board | Profile | |
| BS CLP | Chief Officer | Profile | |
| Michael CPA | Ex CFO | Profile | |
| Robert Mahoney | Chief Officer | Profile |
Still Interested in Comera Life Sciences?
Investing in delisted pink sheets can be risky, as the pink sheet 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.