Oasmia Pharmaceutical Correlations
| OASMYDelisted Stock | USD 0.06 0.00 0.00% |
The correlation of Oasmia Pharmaceutical 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.
Oasmia Pharmaceutical Correlation With Market
Average diversification
The correlation between Oasmia Pharmaceutical AB and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oasmia Pharmaceutical AB and DJI in the same portfolio, assuming nothing else is changed.
Oasmia |
The ability to find closely correlated positions to Oasmia Pharmaceutical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oasmia Pharmaceutical 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 Oasmia Pharmaceutical - 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 Oasmia Pharmaceutical AB to buy it.
Moving together with Oasmia Pink Sheet
| 0.71 | DYNT | Dynatronics | PairCorr |
| 0.64 | EGRX | Eagle Pharmaceuticals Earnings Call Today | PairCorr |
| 0.72 | ESMC | Escalon Medical Corp | PairCorr |
| 0.64 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.72 | WUHN | Wuhan General Gr | PairCorr |
| 0.75 | KDLYW | Kindly MD, Warrants | PairCorr |
Moving against Oasmia Pink Sheet
| 0.73 | YCBD-PA | cbdMD Inc | PairCorr |
| 0.5 | ELTP | Elite Pharma Earnings Call This Week | PairCorr |
| 0.41 | VAXX | Vaxxinity | PairCorr |
| 0.33 | BAYRY | Bayer AG PK Earnings Call Today | PairCorr |
| 0.71 | GRCE | Grace Therapeutics, Symbol Change | PairCorr |
| 0.66 | FRTX | Fresh Tracks Therapeutics | PairCorr |
| 0.65 | ATR | AptarGroup | PairCorr |
| 0.62 | BTSGU | BrightSpring Health | PairCorr |
| 0.32 | XFINU | ExcelFin Acquisition Corp | 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
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Risk-Adjusted Indicators
There is a big difference between Oasmia Pink Sheet performing well and Oasmia Pharmaceutical 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 Oasmia Pharmaceutical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAB | 0.82 | 0.21 | 0.25 | 0.36 | 0.41 | 2.14 | 5.11 | |||
| PNR | 0.92 | 0.21 | 0.18 | 0.44 | 0.59 | 2.35 | 5.49 | |||
| ALK | 1.59 | 0.41 | 0.30 | 0.48 | 0.95 | 4.71 | 9.94 | |||
| PIUTQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NIPMY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NAII | 3.08 | (0.25) | 0.00 | (0.53) | 0.00 | 7.14 | 30.71 | |||
| WSRC | 0.99 | (0.53) | 0.00 | (15.95) | 0.00 | 0.00 | 11.36 | |||
| TBBB | 1.98 | 0.18 | 0.07 | 0.36 | 2.24 | 4.45 | 15.41 |
Oasmia Pharmaceutical 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 Oasmia Pharmaceutical pink sheet to make a market-neutral strategy. Peer analysis of Oasmia Pharmaceutical could also be used in its relative valuation, which is a method of valuing Oasmia Pharmaceutical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Oasmia Pharmaceutical Corporate Management
| Kai Wilkinson | Chief Officer | Profile | |
| Urban Ekelund | IR Mang | Profile | |
| Henrik Rnnberg | Chief Health | Profile | |
| John Cosby | Head Affairs | Profile | |
| Robert Maiorana | Head CFO | Profile | |
| Dzianis Babrou | Head Devel | Profile | |
| Christer MD | Acting Officer | Profile |
Still Interested in Oasmia Pharmaceutical AB?
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.