4Dmedical Correlations

Stocks . Australia . 
Stock . 4Dmedical
4DX Stock   0.46  0.01  2.22%   
The current 90-days correlation between 4Dmedical and Aneka Tambang Tbk is -0.01 (i.e., Good diversification). The correlation of 4Dmedical 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.

4Dmedical Correlation With Market

Significant diversification

The correlation between 4Dmedical and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 4Dmedical and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to 4Dmedical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 4Dmedical 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 4Dmedical - 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 4Dmedical to buy it.

Moving together with 4Dmedical Stock

  0.68SFR Sandfire ResourcesPairCorr
  0.78BKW BrickworksPairCorr

Moving against 4Dmedical Stock

  0.7CBA Commonwealth BankPairCorr
  0.65AME Alto MetalsPairCorr
  0.63HSN Hansen TechnologiesPairCorr
  0.6BIS Bisalloy Steel GroupPairCorr
  0.6SUN Suncorp GroupPairCorr
  0.58HUB Hub24PairCorr
  0.55CBAPG Commonwealth BankPairCorr
  0.54IDA Indiana ResourcesPairCorr
  0.5SVW SEVEN GROUP HOLDINGSPairCorr
  0.42BVS Bravura SolutionsPairCorr
  0.42BPT Beach EnergyPairCorr
  0.38CBAPJ Commonwealth BankPairCorr
  0.36AVA Ava Risk GroupPairCorr
  0.34ST1 Spirit Telecom SplitPairCorr
  0.32AN3PK ANZ Group HoldingsPairCorr
  0.32ASX ASXPairCorr
  0.7BEN Bendigo And AdelaidePairCorr
  0.67PBH Pointsbet HoldingsPairCorr
  0.65IMR Imricor Medical SystemsPairCorr
  0.65SHO SportsHeroPairCorr
  0.64ABA Auswide BankPairCorr
  0.63GMD Genesis MineralsPairCorr
  0.63JBH JB Hi FiPairCorr
  0.62TLX Telix PharmaceuticalsPairCorr
  0.58AHF Australian Dairy FarmsPairCorr
  0.58AIQ Alternative InvestmentPairCorr
  0.49GDF Garda Diversified PptyPairCorr
  0.46MME MoneyMePairCorr
  0.44WBCPJ Westpac BankingPairCorr
  0.44DEG De Grey MiningPairCorr

Related Correlations Analysis

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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   
COL
+ 0.9
WES
RIO
+ 0.78
BHP
BHP
+ 0.74
WOW
RIO
+ 0.7
ATM
BHP
+ 0.65
ATM
WES
+ 0.65
CBA
  
High negative correlations   
BHP
- 0.89
CBA
CBA
- 0.79
WOW
CBA
- 0.61
ATM
ALD
- 0.6
CBA
COL
- 0.53
BHP
RIO
- 0.5
CBA

Risk-Adjusted Indicators

There is a big difference between 4Dmedical Stock performing well and 4Dmedical 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 4Dmedical'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in 4Dmedical 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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4Dmedical Corporate Management

Elected by the shareholders, the 4Dmedical's board of directors comprises two types of representatives: 4Dmedical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 4Dmedical. The board's role is to monitor 4Dmedical's management team and ensure that shareholders' interests are well served. 4Dmedical'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, 4Dmedical's outside directors are responsible for providing unbiased perspectives on the board's policies.
MBA BSSenior DevelopmentProfile
Jon DustingChief OfficerProfile
Matt TuckerChief OfficerProfile
Jason KirknessSenior AffairsProfile
Simon GloverChief OfficerProfile
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