Medirom Healthcare Correlations

MRM Stock

USD 2.64 0.06 2.22%

The current 90-days correlation between Medirom Healthcare and Service International is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Medirom Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medirom Healthcare Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Medirom Healthcare Correlation With Market

Significant diversification

The correlation between Medirom Healthcare Technologie 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 Medirom Healthcare Technologie and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Medirom Healthcare Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving against Medirom Stock

0.52	WGS	GeneDx Holdings Corp	Pair Corr
0.52	HIMS	Hims Hers Health	Pair Corr
0.46	NYXH	Nyxoah	Pair Corr
0.45	VMD	Viemed Healthcare	Pair Corr
0.43	OMIC	Singular Genomics Systems	Pair Corr
0.31	LNSR	LENSAR Inc	Pair Corr
0.51	RL	Ralph Lauren Corp	Pair Corr
0.49	AS	Amer Sports,	Pair Corr
0.43	CLOV	Clover Health Investments	Pair Corr
0.43	MI	NFT Limited	Pair Corr

Related Correlations Analysis

	MCW	MED	RGS	SCI	PMEC	BFAM	TRNR	R	JZ
MCW		0.45	-0.44	0.84	0.28	-0.8	-0.45	0.79	0.27	MCW
MED	0.45		-0.36	0.51	-0.24	-0.16	0.21	0.14	-0.33	MED
RGS	-0.44	-0.36		-0.6	0.43	0.46	-0.21	-0.15	0.13	RGS
SCI	0.84	0.51	-0.6		0.16	-0.65	-0.34	0.63	0.15	SCI
PMEC	0.28	-0.24	0.43	0.16		-0.31	-0.71	0.56	0.51	PMEC
BFAM	-0.8	-0.16	0.46	-0.65	-0.31		0.56	-0.82	-0.49	BFAM
TRNR	-0.45	0.21	-0.21	-0.34	-0.71	0.56		-0.7	-0.67	TRNR
R	0.79	0.14	-0.15	0.63	0.56	-0.82	-0.7		0.52	R
JZ	0.27	-0.33	0.13	0.15	0.51	-0.49	-0.67	0.52		JZ
	MCW	MED	RGS	SCI	PMEC	BFAM	TRNR	R	JZ

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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

SCI	+ 0.84	MCW
R	+ 0.79	MCW
R	+ 0.63	SCI
R	+ 0.56	PMEC
TRNR	+ 0.56	BFAM
JZ	+ 0.52	R

High negative correlations

R	- 0.82	BFAM
BFAM	- 0.8	MCW
TRNR	- 0.71	PMEC
R	- 0.7	TRNR
JZ	- 0.67	TRNR
BFAM	- 0.65	SCI

Risk-Adjusted Indicators

There is a big difference between Medirom Stock performing well and Medirom Healthcare 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 Medirom Healthcare'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
MCW	1.72	0.18	0.09	0.30	1.60	(2.02)	4.63	(3.38)	16.56
MED	2.05	(0.03)	(0.04)	0.00	2.61	(2.00)	5.10	(3.72)	15.04
RGS	4.27	(0.52)	0.00	(0.20)	0.00	0.00	10.60	(7.14)	31.32
SCI	0.87	0.11	0.06	0.31	0.81	(1.06)	1.89	(1.54)	8.36
PMEC	4.30	0.43	0.06	2.58	4.94	(5.35)	8.00	(8.00)	45.00
BFAM	1.08	(0.41)	0.00	(2.87)	0.00	0.00	1.59	(2.27)	15.27
TRNR	7.76	(3.97)	0.00	(2.67)	0.00	0.00	12.98	(20.17)	74.44
R	1.42	0.10	0.10	0.16	1.46	(1.53)	3.31	(2.64)	7.59
JZ	5.59	0.79	0.10	1.95	6.07	(7.43)	13.13	(10.28)	49.08

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