ABVC Biopharma Correlations

ABVC Stock

USD 2.19 0.06 2.82%

The current 90-days correlation between ABVC Biopharma and Reviva Pharmaceuticals Holdings is 0.35 (i.e., Weak diversification). The correlation of ABVC Biopharma 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.

ABVC Biopharma Correlation With Market

Weak diversification

The correlation between ABVC Biopharma and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABVC Biopharma and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABVC Biopharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.

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Moving together with ABVC Stock

0.76	PG	Procter Gamble	Pair Corr
0.69	HD	Home Depot	Pair Corr
0.78	MSFT	Microsoft	Pair Corr

Moving against ABVC Stock

0.9	FTV	Fortive Corp	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.8	MCD	McDonalds	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.79	MRK	Merck Company	Pair Corr
0.76	AXP	American Express	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.68	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.58	TRV	The Travelers Companies	Pair Corr
0.57	JPM	JPMorgan Chase	Pair Corr
0.56	KO	Coca Cola	Pair Corr
0.55	AMGN	Amgen Inc	Pair Corr
0.48	IBM	International Business	Pair Corr
0.42	GILD	Gilead Sciences	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	RVPH	GRCE	PDSB	ATNM	JUNS	TVRD	FGEN	LTRN	XLO
RVPH		-0.28	0.37	0.15	0.24	0.2	0.16	0.49	0.34	RVPH
GRCE	-0.28		-0.22	0.13	-0.69	-0.44	-0.6	-0.46	-0.77	GRCE
PDSB	0.37	-0.22		0.38	0.55	0.44	0.64	0.64	0.4	PDSB
ATNM	0.15	0.13	0.38		0.25	0.39	0.25	0.43	-0.09	ATNM
JUNS	0.24	-0.69	0.55	0.25		0.6	0.85	0.76	0.77	JUNS
TVRD	0.2	-0.44	0.44	0.39	0.6		0.55	0.63	0.49	TVRD
FGEN	0.16	-0.6	0.64	0.25	0.85	0.55		0.69	0.74	FGEN
LTRN	0.49	-0.46	0.64	0.43	0.76	0.63	0.69		0.62	LTRN
XLO	0.34	-0.77	0.4	-0.09	0.77	0.49	0.74	0.62		XLO
	RVPH	GRCE	PDSB	ATNM	JUNS	TVRD	FGEN	LTRN	XLO

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

FGEN	+ 0.85	JUNS
XLO	+ 0.77	JUNS
LTRN	+ 0.76	JUNS
XLO	+ 0.74	FGEN
LTRN	+ 0.69	FGEN
FGEN	+ 0.64	PDSB

High negative correlations

XLO	- 0.77	GRCE
JUNS	- 0.69	GRCE
FGEN	- 0.6	GRCE
LTRN	- 0.46	GRCE
TVRD	- 0.44	GRCE
GRCE	- 0.28	RVPH

Risk-Adjusted Indicators

There is a big difference between ABVC Stock performing well and ABVC Biopharma 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 ABVC Biopharma'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
RVPH	8.28	0.33	0.04	0.19	10.63	(10.23)	21.82	(15.38)	81.87
GRCE	1.61	0.33	0.17	(1.56)	1.27	(2.04)	3.80	(2.31)	7.84
PDSB	3.67	(0.33)	0.00	(0.07)	0.00	0.00	8.60	(7.14)	27.78
ATNM	3.16	(0.23)	0.00	(0.10)	0.00	0.00	8.05	(5.33)	25.17
JUNS	3.31	(0.86)	0.00	(0.39)	0.00	0.00	6.48	(6.56)	26.99
TVRD	4.19	(1.75)	0.00	0.94	0.00	0.00	5.59	(6.64)	91.61
FGEN	2.56	(0.43)	0.00	(0.36)	0.00	0.00	3.98	(5.28)	28.75
LTRN	3.39	(0.55)	0.00	(0.17)	0.00	0.00	10.27	(6.39)	23.91
XLO	2.27	(0.37)	0.00	(0.25)	0.00	0.00	4.69	(5.88)	15.41

ABVC Biopharma Corporate Management

TsungShann Jiang	Member Officer	Profile
Leeds Chow	Chief Officer	Profile
Howard MD	Pres CEO	Profile
ChiHsin King	Chief Officer	Profile
Uttam Patil	Chief Officer	Profile
Eugene Jiang	Chairman Officer	Profile

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