Addex Therapeutics Correlations

ADXN Stock

USD 7.31 0.25 3.31%

The current 90-days correlation between Addex Therapeutics and Aptorum Group Ltd is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Addex Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addex Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Addex Therapeutics Correlation With Market

Good diversification

The correlation between Addex Therapeutics and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addex Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.

Moving together with Addex Stock

0.77	JNJ	Johnson Johnson	Pair Corr
0.62	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.61	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.88	UPC	Universe Pharmaceuticals	Pair Corr
0.82	ABBV	AbbVie Inc Earnings Call Today	Pair Corr
0.86	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.8	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.7	ENSG	Ensign Group	Pair Corr
0.81	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.71	PNTG	Pennant Group	Pair Corr
0.75	301301	Yili Chuanning Biote	Pair Corr

Moving against Addex Stock

0.6	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.53	LFCR	Lifecore Biomedical	Pair Corr
0.47	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.46	EHAB	Enhabit	Pair Corr
0.81	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.72	V	Visa Class A	Pair Corr
0.63	VIST	Vista Oil Gas	Pair Corr
0.57	GILT	Gilat Satellite Networks	Pair Corr
0.5	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.46	MTZ	MasTec Inc	Pair Corr
0.45	NRG	NRG Energy	Pair Corr
0.37	ACW	Actinogen Medical	Pair Corr

Related Correlations Analysis

	IPHA	APM	CYAD	DYAI	ACGN	ERYP	SNGX	ATXI	KRON	CYCN
IPHA		0.12	-0.09	0.09	0.05	0.46	-0.09	-0.1	0.14	0.19	IPHA
APM	0.12		0.36	-0.18	0.08	-0.05	-0.01	0.27	0.21	0.09	APM
CYAD	-0.09	0.36		-0.65	0.24	0.17	0.29	0.44	-0.11	-0.3	CYAD
DYAI	0.09	-0.18	-0.65		-0.37	-0.08	-0.46	-0.43	0.22	0.14	DYAI
ACGN	0.05	0.08	0.24	-0.37		0.11	0.48	0.53	-0.4	-0.08	ACGN
ERYP	0.46	-0.05	0.17	-0.08	0.11		0.32	0.12	0.05	0.06	ERYP
SNGX	-0.09	-0.01	0.29	-0.46	0.48	0.32		0.72	-0.43	-0.11	SNGX
ATXI	-0.1	0.27	0.44	-0.43	0.53	0.12	0.72		-0.32	-0.12	ATXI
KRON	0.14	0.21	-0.11	0.22	-0.4	0.05	-0.43	-0.32		0.52	KRON
CYCN	0.19	0.09	-0.3	0.14	-0.08	0.06	-0.11	-0.12	0.52		CYCN
	IPHA	APM	CYAD	DYAI	ACGN	ERYP	SNGX	ATXI	KRON	CYCN

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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

ATXI	+ 0.72	SNGX
ATXI	+ 0.53	ACGN
CYCN	+ 0.52	KRON
SNGX	+ 0.48	ACGN
ERYP	+ 0.46	IPHA
ATXI	+ 0.44	CYAD

High negative correlations

DYAI	- 0.65	CYAD
SNGX	- 0.46	DYAI
KRON	- 0.43	SNGX
ATXI	- 0.43	DYAI
KRON	- 0.4	ACGN
ACGN	- 0.37	DYAI

Risk-Adjusted Indicators

There is a big difference between Addex Stock performing well and Addex Therapeutics 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 Addex Therapeutics' 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
IPHA	5.95	0.57	0.07	2.26	5.90	(8.45)	13.42	(11.04)	116.36
APM	8.92	0.81	0.05	(0.34)	9.67	(14.03)	25.93	(19.12)	130.65
CYAD	13.25	1.76	0.09	4.36	16.23	(18.00)	47.50	(21.57)	108.63
DYAI	4.75	0.50	0.11	0.34	4.59	(6.29)	12.08	(9.15)	46.69
ACGN	5.76	(0.95)	0.00	(0.86)	0.00	0.00	7.69	(14.93)	109.57
ERYP	4.72	(0.10)	0.00	(0.51)	0.00	0.00	12.68	(8.25)	46.27
SNGX	3.04	(0.54)	0.00	0.61	0.00	0.00	6.46	(7.22)	25.43
ATXI	3.77	(0.61)	0.00	(0.50)	0.00	0.00	8.14	(7.89)	35.18
KRON	2.53	0.17	0.02	(4.27)	2.75	(3.39)	5.75	(4.35)	17.56
CYCN	13.14	3.30	0.22	(0.89)	10.30	(16.32)	18.75	(23.35)	326.74

Addex Therapeutics Corporate Management

Timothy Dyer	CEO CoFounder	Profile
Werner Henrichi	Consultant	Profile
Mikhail Kalinichev	Head Science	Profile
JeanPhilippe Rocher	Head Chemistry	Profile
Roger MD	Chief Director	Profile
Lnaic Teyssdou	Head Finance	Profile
Robert Lutjens	Head Biology	Profile

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