Zhongchao Correlations

Stocks . USA . 
Stock . Zhongchao
ZCMD Stock  USD 1.18  0.04  3.28%   
The current 90-days correlation between Zhongchao and Bruker is -0.04 (i.e., Good diversification). The correlation of Zhongchao 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.

Zhongchao Correlation With Market

Significant diversification

The correlation between Zhongchao and NYA is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zhongchao and NYA in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhongchao. 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.
For information on how to trade Zhongchao Stock refer to our How to Trade Zhongchao Stock guide.

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Related Correlations Analysis

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Zhongchao Corporate Management

Shuang WuChief OfficerProfile
Baoqian TianChief OfficerProfile
Xuejun ChenChief OfficerProfile
Weiguang YangChairman, FounderProfile
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