Raffles Medical Correlations
| RAFLFDelisted Stock | USD 0.74 0.00 0.00% |
The current 90-days correlation between Raffles Medical Group and Pennant Group is 0.13 (i.e., Average diversification). The correlation of Raffles Medical 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.
Raffles Medical Correlation With Market
Good diversification
The correlation between Raffles Medical Group and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raffles Medical Group and DJI in the same portfolio, assuming nothing else is changed.
Raffles |
The ability to find closely correlated positions to Raffles Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Raffles Medical 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 Raffles Medical - 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 Raffles Medical Group to buy it.
Moving together with Raffles Pink Sheet
| 0.63 | FSNUY | Fresenius SE | PairCorr |
| 0.72 | BDULF | Bangkok Dusit Medical | PairCorr |
| 0.85 | AAGH | America Great Health | PairCorr |
| 0.67 | NNAX | New Momentum | PairCorr |
Moving against Raffles Pink Sheet
| 0.7 | JDHIY | JD Health International | PairCorr |
| 0.5 | GEN | Gen Digital | PairCorr |
| 0.66 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.6 | KKR | KKR Co LP | PairCorr |
| 0.58 | RBCAA | Republic Bancorp | PairCorr |
| 0.5 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.46 | WBA | Walgreens Boots Alliance | PairCorr |
| 0.45 | GBXI | GBX International | PairCorr |
| 0.39 | GOOGL | Alphabet Class A | PairCorr |
| 0.32 | CTRN | Citi Trends | PairCorr |
| 0.32 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.31 | YMM | Full Truck Alliance | PairCorr |
| 0.97 | LIEN | Chicago Atlantic BDC, Symbol Change | PairCorr |
| 0.73 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.64 | DASH | DoorDash, Class A | PairCorr |
| 0.63 | TRDA | Entrada Therapeutics | PairCorr |
Related Correlations Analysis
| 0.9 | 0.69 | -0.34 | -0.53 | PNTG | ||
| 0.9 | 0.64 | -0.44 | -0.69 | SGRY | ||
| 0.69 | 0.64 | 0.03 | -0.26 | ENSG | ||
| -0.34 | -0.44 | 0.03 | 0.71 | EHC | ||
| -0.53 | -0.69 | -0.26 | 0.71 | HCSG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Raffles Pink Sheet performing well and Raffles 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 Raffles 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNTG | 1.96 | (0.40) | 0.00 | (0.32) | 0.00 | 3.81 | 11.60 | |||
| SGRY | 2.39 | (0.66) | 0.00 | (0.45) | 0.00 | 4.21 | 17.97 | |||
| ENSG | 1.01 | (0.18) | 0.00 | 0.68 | 0.00 | 2.32 | 10.08 | |||
| EHC | 0.91 | 0.03 | 0.02 | 0.07 | 1.04 | 1.74 | 10.30 | |||
| HCSG | 1.71 | (0.08) | 0.00 | (0.05) | 0.00 | 2.82 | 8.91 |
Raffles Medical Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Raffles Medical pink sheet to make a market-neutral strategy. Peer analysis of Raffles Medical could also be used in its relative valuation, which is a method of valuing Raffles Medical by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Raffles Medical Corporate Management
| Vincent Chia | Managing Group | Profile | |
| Qinghui Lu | Ex Director | Profile | |
| Won Ng | Chief Officer | Profile | |
| Cindy Gui | Associate Communications | Profile | |
| Pauline Chua | Director Capital | Profile |
Still Interested in Raffles Medical Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.