Miromatrix Medical Correlations

Summary

MIRODelisted Stock

USD 1.49 0.22 12.87%

The current 90-days correlation between Miromatrix Medical and Anebulo Pharmaceuticals is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Miromatrix Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Miromatrix Medical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Miromatrix Medical Correlation With Market

Significant diversification

The correlation between Miromatrix Medical and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Miromatrix Medical and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. 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 together with Miromatrix Stock

0.73	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.66	DIS	Walt Disney Sell-off Trend	Pair Corr
0.8	BAC	Bank of America Aggressive Push	Pair Corr
0.68	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.61	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Miromatrix Stock

0.85	KO	Coca Cola Aggressive Push	Pair Corr
0.78	BKRKY	Bank Rakyat	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.74	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.65	PPERF	Bank Mandiri Persero	Pair Corr
0.62	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.62	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.6	PBCRY	Bank Central Asia	Pair Corr
0.52	BKRKF	PT Bank Rakyat	Pair Corr
0.48	PBCRF	PT Bank Central	Pair Corr
0.39	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.34	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	ANEB	PMVP	ZIVO	BNOX	MOLN	MLYS	ANTX	PHVS	PEPG	NGENF
ANEB		-0.48	0.74	0.45	-0.3	-0.18	-0.46	-0.29	0.72	0.27	ANEB
PMVP	-0.48		-0.54	-0.42	0.67	0.57	0.26	0.59	-0.59	-0.14	PMVP
ZIVO	0.74	-0.54		0.66	-0.31	-0.25	-0.58	-0.6	0.88	0.41	ZIVO
BNOX	0.45	-0.42	0.66		-0.08	-0.7	-0.18	-0.5	0.49	0.67	BNOX
MOLN	-0.3	0.67	-0.31	-0.08		0.25	0.24	0.42	-0.24	0.1	MOLN
MLYS	-0.18	0.57	-0.25	-0.7	0.25		0.06	0.44	-0.11	-0.34	MLYS
ANTX	-0.46	0.26	-0.58	-0.18	0.24	0.06		0.34	-0.45	0.15	ANTX
PHVS	-0.29	0.59	-0.6	-0.5	0.42	0.44	0.34		-0.49	-0.29	PHVS
PEPG	0.72	-0.59	0.88	0.49	-0.24	-0.11	-0.45	-0.49		0.33	PEPG
NGENF	0.27	-0.14	0.41	0.67	0.1	-0.34	0.15	-0.29	0.33		NGENF
	ANEB	PMVP	ZIVO	BNOX	MOLN	MLYS	ANTX	PHVS	PEPG	NGENF

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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

PEPG	+ 0.88	ZIVO
ZIVO	+ 0.74	ANEB
PEPG	+ 0.72	ANEB
MOLN	+ 0.67	PMVP
NGENF	+ 0.67	BNOX
BNOX	+ 0.66	ZIVO

High negative correlations

MLYS	- 0.7	BNOX
PHVS	- 0.6	ZIVO
PEPG	- 0.59	PMVP
ANTX	- 0.58	ZIVO
ZIVO	- 0.54	PMVP
PHVS	- 0.5	BNOX

Risk-Adjusted Indicators

There is a big difference between Miromatrix Stock performing well and Miromatrix Medical 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 Miromatrix Medical'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
ANEB	5.00	(0.35)	0.00	(0.12)	0.00	0.00	8.61	(11.48)	76.00
PMVP	1.55	(0.03)	(0.03)	0.07	1.99	(1.87)	3.75	(3.64)	13.98
ZIVO	3.01	(0.58)	0.00	1.03	0.00	0.00	5.31	(6.67)	36.36
BNOX	9.21	0.25	0.02	0.31	11.26	(15.61)	11.86	(24.00)	200.75
MOLN	4.53	(0.20)	0.00	(0.02)	0.00	0.00	9.38	(8.53)	52.92
MLYS	2.68	(0.10)	0.02	0.07	3.38	(2.78)	6.27	(5.79)	20.98
ANTX	1.86	0.19	0.06	0.34	1.86	(3.09)	3.73	(3.42)	28.03
PHVS	2.99	0.18	0.07	0.23	3.19	(3.63)	7.76	(6.64)	21.41
PEPG	3.19	(1.03)	0.00	(0.53)	0.00	0.00	5.12	(9.02)	26.81
NGENF	3.24	0.01	0.00	0.13	4.64	(3.56)	6.95	(6.09)	33.14

View Miromatrix Medical Related Equities

Anebulo Pharmaceuticals Pmv Pharmaceuticals Zivo Bioscience Bionomics Ltd ADR Molecular Partners AG Mineralys Therapeutics, Common AN2 Therapeutics Pharvaris BV PepGen NervGen Pharma Corp Acrivon Therapeutics, Common Protagenic Therapeutics Inhibikase Therapeutics Eliem Therapeutics HCW Biologics

Risk & Return

Correlation

Miromatrix Medical Corporate Management

Brian CPA	CFO Fin	Profile
Jeffrey Ross	CEO Director	Profile
James Douglas	CFO Sec	Profile
John Barry	VP RD	Profile
Tom Emig	VP Culture	Profile

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