2cureX AB Correlations

2CUREX Stock

0.54 0.00 0.00%

The current 90-days correlation between 2cureX AB and Modus Therapeutics Holding is 0.03 (i.e., Significant diversification). The correlation of 2cureX AB 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.

2cureX AB Correlation With Market

Good diversification

The correlation between 2cureX AB and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2cureX AB and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 2cureX AB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 2cureX AB 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 2cureX AB - 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 2cureX AB to buy it.

Moving together with 2cureX Stock

0.75

HOME-B

HomeMaid AB

Pair Corr

Moving against 2cureX Stock

0.86	INVE-A	Investor AB ser	Pair Corr
0.86	INVE-B	Investor AB ser	Pair Corr
0.83	NDA-SE	Nordea Bank Abp	Pair Corr
0.56	VOLV-B	AB Volvo	Pair Corr
0.56	VOLV-A	AB Volvo	Pair Corr
0.48	AZN	AstraZeneca PLC	Pair Corr

Related Correlations Analysis

	GUARD	QLIFE	MODTX	FLUI	STABL	EPIS-B	PROGEN	LIDDS
GUARD		0.5	0.8	0.74	0.28	0.55	0.53	0.46	GUARD
QLIFE	0.5		0.24	0.5	0.43	0.55	-0.2	-0.1	QLIFE
MODTX	0.8	0.24		0.83	0.31	0.34	0.66	0.73	MODTX
FLUI	0.74	0.5	0.83		0.39	0.5	0.38	0.66	FLUI
STABL	0.28	0.43	0.31	0.39		0.29	-0.04	0.12	STABL
EPIS-B	0.55	0.55	0.34	0.5	0.29		0.1	0.27	EPIS-B
PROGEN	0.53	-0.2	0.66	0.38	-0.04	0.1		0.67	PROGEN
LIDDS	0.46	-0.1	0.73	0.66	0.12	0.27	0.67		LIDDS
	GUARD	QLIFE	MODTX	FLUI	STABL	EPIS-B	PROGEN	LIDDS

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

FLUI	+ 0.83	MODTX
MODTX	+ 0.8	GUARD
FLUI	+ 0.74	GUARD
LIDDS	+ 0.73	MODTX
LIDDS	+ 0.67	PROGEN
PROGEN	+ 0.66	MODTX

High negative correlations

PROGEN	- 0.2	QLIFE
LIDDS	- 0.1	QLIFE
PROGEN	- 0.04	STABL

Risk-Adjusted Indicators

There is a big difference between 2cureX Stock performing well and 2cureX AB 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 2cureX AB'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
GUARD	5.91	(1.85)	0.00	(2.79)	0.00	0.00	8.57	(10.37)	99.81
QLIFE	5.70	0.10	0.01	0.29	5.79	(8.32)	14.83	(8.21)	63.35
MODTX	3.56	(0.67)	0.00	(1.34)	0.00	0.00	8.00	(7.41)	21.33
FLUI	4.08	(0.75)	0.00	1.49	0.00	0.00	7.69	(8.50)	34.82
STABL	6.33	0.17	0.02	0.32	5.82	(10.18)	14.81	(10.00)	63.79
EPIS-B	3.64	0.50	0.09	(0.44)	3.48	(4.57)	10.69	(6.02)	24.28
PROGEN	5.24	(0.28)	0.00	1.24	0.00	0.00	9.38	(9.21)	53.61
LIDDS	5.27	0.01	0.00	0.06	0.00	0.00	16.28	(12.94)	55.52

2cureX AB 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 2cureX AB stock to make a market-neutral strategy. Peer analysis of 2cureX AB could also be used in its relative valuation, which is a method of valuing 2cureX AB by comparing valuation metrics with similar companies.

Guard Therapeutics International Qlife Holding AB Modus Therapeutics Holding Fluicell AB Stayble Therapeutics AB Episurf Medical AB Prostatype Genomics AB Lidds AB American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

2cureX AB Corporate Management

Elected by the shareholders, the 2cureX AB's board of directors comprises two types of representatives: 2cureX AB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 2cureX. The board's role is to monitor 2cureX AB's management team and ensure that shareholders' interests are well served. 2cureX AB's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 2cureX AB's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kenneth Johansen	Chief Officer	Profile
Grith Hagel	COO CoFounder	Profile
Fernando Andreu	Chief Officer	Profile
Ole VD	Deputy CoFounder	Profile
Mark Gray	Director Communications	Profile

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