ALR Technologies Correlations

ALRTF Stock

0.01 0 9.91%

The current 90-days correlation between ALR Technologies and Abbott Laboratories is -0.04 (i.e., Good diversification). The correlation of ALR Technologies 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.

ALR Technologies Correlation With Market

Significant diversification

The correlation between ALR Technologies and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALR Technologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ALR OTC Stock

0.63	MDT	Medtronic PLC	Pair Corr
0.61	PHG	Koninklijke Philips	Pair Corr
0.61	PPERF	Bank Mandiri Persero	Pair Corr
0.63	PPERY	Bank Mandiri Persero	Pair Corr
0.61	BKRKF	PT Bank Rakyat	Pair Corr
0.63	SHG	Shinhan Financial	Pair Corr

Moving against ALR OTC Stock

0.68	SYK	Stryker	Pair Corr
0.65	BSX	Boston Scientific Corp	Pair Corr
0.64	ZBH	Zimmer Biomet Holdings	Pair Corr
0.61	DXCM	DexCom Inc	Pair Corr
0.39	EW	Edwards Lifesciences Corp	Pair Corr
0.7	LUNR	Intuitive Machines	Pair Corr
0.7	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.69	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.69	IONQ	IONQ Inc	Pair Corr
0.68	SOFI	SoFi Technologies	Pair Corr
0.67	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.67	BFLY	Butterfly Network	Pair Corr
0.66	AVTE	Aerovate Therapeutics	Pair Corr
0.62	SOUN	SoundHound AI Trending	Pair Corr
0.62	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.62	FUND	Sprott Focus Trust	Pair Corr
0.61	BBAI	BigBearai Holdings Tech Boost	Pair Corr
0.59	RUM	Rumble Inc Sell-off Trend	Pair Corr
0.52	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.48	INMD	InMode	Pair Corr
0.46	APLD	Applied Blockchain	Pair Corr
0.32	RXRX	Recursion Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ABT	SYK	BSX	MDT	SEMHF	SMMNY	EW	DXCM	PHG	ZBH
ABT		0.56	0.53	-0.08	-0.26	-0.43	0.52	0.43	-0.35	0.38	ABT
SYK	0.56		0.79	-0.66	-0.66	-0.6	0.55	0.79	-0.77	0.86	SYK
BSX	0.53	0.79		-0.62	-0.56	-0.35	0.68	0.79	-0.56	0.58	BSX
MDT	-0.08	-0.66	-0.62		0.65	0.38	-0.42	-0.63	0.58	-0.55	MDT
SEMHF	-0.26	-0.66	-0.56	0.65		0.59	-0.18	-0.46	0.63	-0.7	SEMHF
SMMNY	-0.43	-0.6	-0.35	0.38	0.59		-0.35	-0.52	0.76	-0.57	SMMNY
EW	0.52	0.55	0.68	-0.42	-0.18	-0.35		0.8	-0.33	0.29	EW
DXCM	0.43	0.79	0.79	-0.63	-0.46	-0.52	0.8		-0.64	0.58	DXCM
PHG	-0.35	-0.77	-0.56	0.58	0.63	0.76	-0.33	-0.64		-0.74	PHG
ZBH	0.38	0.86	0.58	-0.55	-0.7	-0.57	0.29	0.58	-0.74		ZBH
	ABT	SYK	BSX	MDT	SEMHF	SMMNY	EW	DXCM	PHG	ZBH

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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

ZBH	+ 0.86	SYK
DXCM	+ 0.8	EW
BSX	+ 0.79	SYK
DXCM	+ 0.79	SYK
DXCM	+ 0.79	BSX
PHG	+ 0.76	SMMNY

High negative correlations

PHG	- 0.77	SYK
ZBH	- 0.74	PHG
ZBH	- 0.7	SEMHF
SEMHF	- 0.66	SYK
MDT	- 0.66	SYK
PHG	- 0.64	DXCM

Risk-Adjusted Indicators

There is a big difference between ALR OTC Stock performing well and ALR Technologies OTC Stock 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 ALR Technologies' 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
ABT	0.77	(0.05)	(0.13)	(0.03)	0.95	(0.82)	1.27	(1.65)	6.26
SYK	0.86	0.03	(0.03)	0.18	0.95	(0.95)	1.77	(1.88)	4.93
BSX	0.71	0.09	0.01	0.35	0.68	(0.80)	1.67	(1.33)	5.62
MDT	0.73	(0.17)	0.00	(0.25)	0.00	0.00	1.52	(1.63)	5.69
SEMHF	0.67	(0.13)	0.00	(0.07)	0.00	0.00	2.65	(3.40)	12.98
SMMNY	1.11	(0.06)	0.00	(0.07)	0.00	0.00	3.82	(2.10)	8.08
EW	1.23	0.14	0.04	0.64	1.15	(1.37)	3.14	(1.58)	8.58
DXCM	1.46	0.16	0.06	0.56	1.37	(1.67)	4.07	(2.43)	9.45
PHG	1.27	(0.18)	0.00	5.87	0.00	0.00	2.49	(1.94)	19.65
ZBH	0.94	(0.01)	(0.05)	0.10	1.08	(0.95)	1.66	(1.59)	8.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in ALR Technologies 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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ALR Technologies Corporate Management

Elected by the shareholders, the ALR Technologies' board of directors comprises two types of representatives: ALR Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ALR. The board's role is to monitor ALR Technologies' management team and ensure that shareholders' interests are well served. ALR Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ALR Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Joe Stern	Head Health	Profile
Barbara Dubiel	Consultant	Profile
John Tolentino	Consultant	Profile
Jacqueline Wu	Head Marketing	Profile
III MD	Medical Consultant	Profile
Sidney Chan	CEO, Chairman	Profile
Mark Uy	Consultant	Profile

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