PAVmed Series Correlations

PAVMZ Stock

USD 0.01 0.01 40.94%

The current 90-days correlation between PAVmed Series Z and Emerson Radio is -0.1 (i.e., Good diversification). The correlation of PAVmed Series 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.

PAVmed Series Correlation With Market

Good diversification

The correlation between PAVmed Series Z and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PAVmed Series Z and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAVmed Series Z. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving against PAVmed Stock

0.35	EW	Edwards Lifesciences Corp	Pair Corr
0.31	ECOR	Electrocore LLC	Pair Corr
0.39	HIMS	Hims Hers Health	Pair Corr
0.38	VMD	Viemed Healthcare	Pair Corr
0.31	MYND	Myndai,	Pair Corr

Related Correlations Analysis

	MSN	LTH	DOOO	X	ZEUS	JDDSF	PLTK	JDSPY
MSN		0.2	0.36	-0.08	-0.66	0.71	-0.57	0.71	MSN
LTH	0.2		0.44	-0.11	0.16	-0.09	-0.29	0.3	LTH
DOOO	0.36	0.44		-0.63	-0.33	-0.1	-0.73	0.82	DOOO
X	-0.08	-0.11	-0.63		0.24	0.21	0.55	-0.4	X
ZEUS	-0.66	0.16	-0.33	0.24		-0.57	0.66	-0.62	ZEUS
JDDSF	0.71	-0.09	-0.1	0.21	-0.57		-0.27	0.31	JDDSF
PLTK	-0.57	-0.29	-0.73	0.55	0.66	-0.27		-0.71	PLTK
JDSPY	0.71	0.3	0.82	-0.4	-0.62	0.31	-0.71		JDSPY
	MSN	LTH	DOOO	X	ZEUS	JDDSF	PLTK	JDSPY

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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

JDSPY	+ 0.82	DOOO
JDDSF	+ 0.71	MSN
JDSPY	+ 0.71	MSN
PLTK	+ 0.66	ZEUS
PLTK	+ 0.55	X
DOOO	+ 0.44	LTH

High negative correlations

PLTK	- 0.73	DOOO
JDSPY	- 0.71	PLTK
ZEUS	- 0.66	MSN
X	- 0.63	DOOO
JDSPY	- 0.62	ZEUS
JDDSF	- 0.57	ZEUS

Risk-Adjusted Indicators

There is a big difference between PAVmed Stock performing well and PAVmed Series 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 PAVmed Series' 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
MSN	2.08	(0.12)	0.00	(0.09)	0.00	0.00	5.00	(5.88)	17.16
LTH	1.49	(0.23)	0.00	(0.10)	0.00	0.00	2.98	(2.62)	11.23
DOOO	1.53	(0.31)	0.00	(0.52)	0.00	0.00	2.43	(3.54)	11.25
X	2.08	0.02	(0.01)	0.14	2.82	(2.36)	4.05	(5.48)	17.96
ZEUS	2.09	(0.09)	0.01	0.05	2.19	(2.27)	4.04	(3.52)	14.88
JDDSF	0.54	(0.13)	0.00	(0.34)	0.00	0.00	0.00	0.00	29.30
PLTK	1.24	(0.01)	(0.01)	0.08	1.89	(1.28)	2.33	(2.65)	7.80
JDSPY	2.69	(0.43)	0.00	1.84	0.00	0.00	6.70	(5.80)	26.98

PAVmed Series Corporate Management

Michael Gordon	General VP	Profile
Deepika Lakhani	Chief VP	Profile
Brian MD	Chief VP	Profile
Michael Parks	Vice Relations	Profile
Victoria Lee	Senior Officer	Profile

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