Cosmos Health Correlations

COSM Stock

USD 0.80 0.01 1.23%

The current 90-days correlation between Cosmos Health and Alimera Sciences is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cosmos Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cosmos Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cosmos Health Correlation With Market

Significant diversification

The correlation between Cosmos Health 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 Cosmos Health and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cosmos Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Cosmos Stock, please use our How to Invest in Cosmos Health guide.

Moving together with Cosmos Stock

0.77	CI	Cigna Corp	Pair Corr
0.65	VERO	Venus Concept	Pair Corr
0.82	EDAP	EDAP TMS SA	Pair Corr
0.68	EHAB	Enhabit	Pair Corr
0.71	EKSO	Ekso Bionics Holdings	Pair Corr
0.89	ELAB	Elevai Labs, Common	Pair Corr
0.65	FLGT	Fulgent Genetics	Pair Corr
0.74	AGL	agilon health	Pair Corr
0.74	AMN	AMN Healthcare Services	Pair Corr
0.74	BAX	Baxter International	Pair Corr

Moving against Cosmos Stock

0.78	MD	Mednax Inc	Pair Corr
0.77	ECOR	Electrocore LLC	Pair Corr
0.65	DOCS	Doximity	Pair Corr
0.51	OM	Outset Medical	Pair Corr
0.51	VREX	Varex Imaging Corp	Pair Corr
0.75	ELMD	Electromed	Pair Corr
0.44	AMS	American Shared Hospital	Pair Corr
0.37	ABT	Abbott Laboratories Sell-off Trend	Pair Corr
0.33	EUDA	EUDA Health Holdings	Pair Corr
0.72	BSX	Boston Scientific Corp Sell-off Trend	Pair Corr
0.65	BVS	Bioventus	Pair Corr

Related Correlations Analysis

	MNK	LFCR	LSDI	ALIM	ADMP	SGIOY	SBFM	SXTC	GHSI
MNK		-0.67	0.81	-0.64	0.84	0.84	0.25	0.57	-0.45	MNK
LFCR	-0.67		-0.55	0.42	-0.59	-0.63	-0.62	-0.82	0.09	LFCR
LSDI	0.81	-0.55		-0.61	0.98	0.91	0.21	0.38	-0.57	LSDI
ALIM	-0.64	0.42	-0.61		-0.65	-0.62	0.02	-0.18	0.29	ALIM
ADMP	0.84	-0.59	0.98	-0.65		0.93	0.23	0.44	-0.56	ADMP
SGIOY	0.84	-0.63	0.91	-0.62	0.93		0.37	0.52	-0.39	SGIOY
SBFM	0.25	-0.62	0.21	0.02	0.23	0.37		0.72	0.17	SBFM
SXTC	0.57	-0.82	0.38	-0.18	0.44	0.52	0.72		-0.01	SXTC
GHSI	-0.45	0.09	-0.57	0.29	-0.56	-0.39	0.17	-0.01		GHSI
	MNK	LFCR	LSDI	ALIM	ADMP	SGIOY	SBFM	SXTC	GHSI

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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

ADMP	+ 0.98	LSDI
SGIOY	+ 0.93	ADMP
SGIOY	+ 0.91	LSDI
ADMP	+ 0.84	MNK
SGIOY	+ 0.84	MNK
LSDI	+ 0.81	MNK

High negative correlations

SXTC	- 0.82	LFCR
LFCR	- 0.67	MNK
ADMP	- 0.65	ALIM
ALIM	- 0.64	MNK
SGIOY	- 0.63	LFCR
SGIOY	- 0.62	ALIM

Risk-Adjusted Indicators

There is a big difference between Cosmos Stock performing well and Cosmos Health 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 Cosmos Health'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
MNK	16.59	1.80	0.10	(1.03)	13.99	(33.75)	12.50	(30.95)	504.19
LFCR	3.42	0.91	0.22	1.00	3.40	(3.93)	9.76	(5.61)	25.69
LSDI	298.43	148.05	3.23	6.04	27.98	(972.40)	550.00	(81.82)	3,998
ALIM	2.74	1.35	0.63	(2.53)	0.37	(4.03)	3.28	(0.72)	82.36
ADMP	4.75	(2.11)	0.00	(0.68)	0.00	0.00	8.72	(11.60)	40.76
SGIOY	0.90	(0.15)	0.00	(2.33)	0.00	0.00	1.63	(2.09)	5.10
SBFM	3.15	0.00	0.00	0.13	3.85	(3.49)	6.97	(6.29)	34.79
SXTC	4.98	(0.69)	0.00	1.53	0.00	0.00	11.29	(9.72)	29.79
GHSI	5.47	0.70	0.06	(2.86)	8.11	(7.10)	18.66	(7.94)	101.05

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