CRMD vs. 9988.HK

Last updated Jun 5, 2026

CRMD (CorMedix Inc.) and 9988.HK (Alibaba Group Holding Ltd) are both stocks. CRMD operates in Biotechnology (Healthcare), while 9988.HK operates in Internet Retail (Consumer Cyclical). Over the past 5 years, CRMD returned 2.77%/yr vs -9.62%/yr for 9988.HK. At a 0.05 correlation, their price movements are largely independent.

Performance

CRMD vs. 9988.HK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CorMedix Inc. (CRMD) and Alibaba Group Holding Ltd (9988.HK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CRMD is traded in USD, while 9988.HK is traded in HKD. To make them comparable, the 9988.HK values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CRMD achieves a -26.57% return, which is significantly lower than 9988.HK's -14.05% return.

CRMD

• 1D: 3.77%
• 1M: 10.48%
• YTD: -26.57%
• 6M: -19.74%
• 1Y: -31.02%
• 3Y*: 18.59%
• 5Y*: 2.77%
• 10Y*: -4.65%

9988.HK

• 1D: -2.38%
• 1M: -5.80%
• YTD: -14.05%
• 6M: -20.50%
• 1Y: 8.91%
• 3Y*: 15.67%
• 5Y*: -9.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRMD vs. 9988.HK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CRMD CorMedix Inc.	-26.57%	43.58%	115.43%	-10.90%	-7.25%	-38.76%	2.06%	24.02%
9988.HK Alibaba Group Holding Ltd	-14.05%	73.57%	11.57%	-11.12%	-27.58%	-49.08%	12.62%	10.98%

Correlation

The correlation between CRMD and 9988.HK is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 27, 2019	0.05

Return for Risk

CRMD vs. 9988.HK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRMD

CRMD Risk / Return Rank: 25
CRMD Sharpe Ratio Rank: 22
CRMD Sortino Ratio Rank: 25
CRMD Omega Ratio Rank: 24
CRMD Calmar Ratio Rank: 24
CRMD Martin Ratio Rank: 28

9988.HK

9988.HK Risk / Return Rank: 47
9988.HK Sharpe Ratio Rank: 49
9988.HK Sortino Ratio Rank: 47
9988.HK Omega Ratio Rank: 43
9988.HK Calmar Ratio Rank: 48
9988.HK Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRMD vs. 9988.HK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CorMedix Inc. (CRMD) and Alibaba Group Holding Ltd (9988.HK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CRMD	9988.HK	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	0.20	-0.65
Sortino ratio: Return per unit of downside risk	-0.24	0.68	-0.92
Omega ratio: Gain probability vs. loss probability	0.97	1.07	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.50	0.25	-0.75
Martin ratio: Return relative to average drawdown	-0.74	0.49	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRMD vs. 9988.HK - Sharpe Ratio Comparison

The current CRMD Sharpe Ratio is -0.45, which is lower than the 9988.HK Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of CRMD and 9988.HK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRMD	9988.HK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	0.20	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	-0.19	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.12	+0.08

Drawdowns

CRMD vs. 9988.HK - Drawdown Comparison

The maximum CRMD drawdown since its inception was -98.28%, which is greater than 9988.HK's maximum drawdown of -80.26%. Use the drawdown chart below to compare losses from any high point for CRMD and 9988.HK.

Drawdown Indicators

	CRMD	9988.HK	Difference
Max Drawdown Largest peak-to-trough decline	-98.28%	-80.26%	-18.02%
Max Drawdown (1Y) Largest decline over 1 year	-62.26%	-36.44%	-25.82%
Max Drawdown (3Y) Largest decline over 3 years	-62.26%	-36.44%	-25.82%
Max Drawdown (5Y) Largest decline over 5 years	-66.91%	-72.63%	+5.72%
Max Drawdown (10Y) Largest decline over 10 years	-94.77%	—	—
Current Drawdown Current decline from peak	-82.70%	-58.81%	-23.89%
Average Drawdown Average peak-to-trough decline	-76.98%	-52.15%	-24.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.92%	18.53%	+23.39%

Volatility

CRMD vs. 9988.HK - Volatility Comparison

CorMedix Inc. (CRMD) and Alibaba Group Holding Ltd (9988.HK) have volatilities of 12.84% and 13.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMD	9988.HK	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	13.38%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	52.28%	30.20%	+22.08%
Volatility (1Y) Calculated over the trailing 1-year period	68.94%	46.43%	+22.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.15%	52.09%	+25.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.77%	49.39%	+42.38%

Dividends

CRMD vs. 9988.HK - Dividend Comparison

CRMD has not paid dividends to shareholders, while 9988.HK's dividend yield for the trailing twelve months is around 0.83%.

Position	TTM	2025	2024	2023
9988.HK Alibaba Group Holding Ltd	0.83%	0.72%	1.18%	1.29%
CRMD CorMedix Inc.	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both CRMD and 9988.HK in my portfolio?

CRMD and 9988.HK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.