Theralase Technologies Correlations

TLT Stock  CAD 0.27  0.03  12.50%   
The current 90-days correlation between Theralase Technologies and Walmart Inc CDR is -0.16 (i.e., Good diversification). The correlation of Theralase 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Theralase Technologies Correlation With Market

Significant diversification

The correlation between Theralase Technologies and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Theralase Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Theralase 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 Theralase 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 Theralase 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 Theralase Technologies to buy it.

Moving together with Theralase Stock

  0.61FFH Fairfax FinancialPairCorr

Related Correlations Analysis

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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   
COSTWMT
AMZNWMT
GOOGAMZN
COSTAMZN
COSTBRK
AAPLWMT
  
High negative correlations   
CVSAMZN
MSFTXOM
COSTCVS
GOOGCVS
MSFTUNH
MSFTBRK

Risk-Adjusted Indicators

There is a big difference between Theralase Stock performing well and Theralase Technologies 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 Theralase 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WMT  0.84  0.27  0.18  2.47  0.72 
 2.04 
 4.55 
AMZN  1.38  0.21  0.10  0.49  1.49 
 2.80 
 10.08 
BRK  0.76 (0.05) 0.00 (0.15) 0.00 
 1.22 
 7.22 
UNH  1.03  0.03 (0.04) 0.34  1.54 
 2.34 
 8.47 
AAPL  0.90  0.01 (0.02) 0.12  1.16 
 2.09 
 6.39 
CVS  1.65  0.13 (0.01)(0.18) 2.28 
 3.60 
 18.33 
XOM  1.01 (0.02)(0.07) 0.01  1.36 
 2.20 
 6.39 
GOOG  1.17  0.00 (0.02) 0.10  1.86 
 2.16 
 8.60 
MSFT  0.90 (0.02)(0.04) 0.08  1.48 
 2.03 
 8.19 
COST  0.88  0.09  0.04  0.30  0.76 
 2.06 
 5.17 

Be your own money manager

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

Elected by the shareholders, the Theralase Technologies' board of directors comprises two types of representatives: Theralase Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Theralase. The board's role is to monitor Theralase Technologies' management team and ensure that shareholders' interests are well served. Theralase 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, Theralase Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
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DSc MDChief CEOProfile
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