Aquestive Therapeutics Correlations

AQST Stock

USD 3.10 0.01 0.32%

The current 90-days correlation between Aquestive Therapeutics and Ironwood Pharmaceuticals is 0.15 (i.e., Average diversification). The correlation of Aquestive Therapeutics 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Aquestive Therapeutics Correlation With Market

Good diversification

The correlation between Aquestive Therapeutics and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquestive 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 Aquestive 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 state.

For more information on how to buy Aquestive Stock please use our How to Invest in Aquestive Therapeutics guide.

Moving together with Aquestive Stock

0.64	EQ	Equillium	Pair Corr
0.68	VALN	Valneva SE ADR	Pair Corr
0.85	DNLI	Denali Therapeutics	Pair Corr
0.68	DNTH	Dianthus Therapeutics	Pair Corr
0.83	DOMH	Dominari Holdings	Pair Corr
0.8	DRRX	Durect	Pair Corr
0.9	DTIL	Precision BioSciences	Pair Corr
0.89	VIGL	Vigil Neuroscience	Pair Corr
0.86	VINC	Vincerx Pharma	Pair Corr
0.93	VKTX	Viking Therapeutics	Pair Corr
0.8	VRCA	Verrica Pharmaceuticals	Pair Corr
0.82	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.85	VRPX	Virpax Pharmaceuticals	Pair Corr
0.79	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Aquestive Stock

0.89	DRTS	Alpha Tau Medical	Pair Corr
0.8	CDIOW	Cardio Diagnostics	Pair Corr
0.76	SRZNW	Surrozen Warrant	Pair Corr
0.74	DMAC	DiaMedica Therapeutics	Pair Corr
0.72	DYAI	Dyadic International	Pair Corr
0.69	VCYT	Veracyte Potential Growth	Pair Corr
0.67	VCEL	Vericel Corp Ord	Pair Corr
0.61	SABSW	SAB Biotherapeutics	Pair Corr
0.5	DVAX	Dynavax Technologies	Pair Corr
0.39	A	Agilent Technologies	Pair Corr
0.37	KTTAW	Pasithea Therapeutics	Pair Corr
0.86	VRNA	Verona Pharma PLC	Pair Corr
0.81	ENTX	Entera Bio	Pair Corr
0.76	ELTX	Elicio Therapeutics	Pair Corr
0.63	VSTM	Verastem	Pair Corr
0.53	ELEV	Elevation Oncology	Pair Corr
0.31	VYNE	Vyne Therapeutics	Pair Corr

Related Correlations Analysis

	EVOK	ADMP	GHSI	ACRX	DVAX	AMPH	LNTH	ANIP	IRWD	ALKS
EVOK		0.75	-0.37	-0.75	-0.5	0.62	0.63	0.33	0.51	-0.59	EVOK
ADMP	0.75		-0.56	-0.88	-0.75	0.82	0.75	0.62	0.49	-0.57	ADMP
GHSI	-0.37	-0.56		0.55	0.39	-0.31	-0.36	-0.39	-0.45	0.63	GHSI
ACRX	-0.75	-0.88	0.55		0.66	-0.82	-0.58	-0.63	-0.33	0.67	ACRX
DVAX	-0.5	-0.75	0.39	0.66		-0.57	-0.77	-0.28	-0.11	0.62	DVAX
AMPH	0.62	0.82	-0.31	-0.82	-0.57		0.54	0.72	0.12	-0.43	AMPH
LNTH	0.63	0.75	-0.36	-0.58	-0.77	0.54		0.3	0.19	-0.51	LNTH
ANIP	0.33	0.62	-0.39	-0.63	-0.28	0.72	0.3		0.13	-0.12	ANIP
IRWD	0.51	0.49	-0.45	-0.33	-0.11	0.12	0.19	0.13		-0.25	IRWD
ALKS	-0.59	-0.57	0.63	0.67	0.62	-0.43	-0.51	-0.12	-0.25		ALKS
	EVOK	ADMP	GHSI	ACRX	DVAX	AMPH	LNTH	ANIP	IRWD	ALKS

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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

AMPH	+ 0.82	ADMP
ADMP	+ 0.75	EVOK
LNTH	+ 0.75	ADMP
ANIP	+ 0.72	AMPH
ALKS	+ 0.67	ACRX
DVAX	+ 0.66	ACRX

High negative correlations

ACRX	- 0.88	ADMP
AMPH	- 0.82	ACRX
LNTH	- 0.77	DVAX
DVAX	- 0.75	ADMP
ACRX	- 0.75	EVOK
ANIP	- 0.63	ACRX

Risk-Adjusted Indicators

There is a big difference between Aquestive Stock performing well and Aquestive 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 Aquestive 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
EVOK	3.81	(0.05)	0.00	(0.05)	0.00	0.00	7.55	(7.65)	48.38
ADMP	4.75	(1.79)	0.00	(2.09)	0.00	0.00	8.72	(11.60)	40.76
GHSI	5.47	0.67	0.07	8.09	8.11	(7.10)	18.66	(7.94)	101.05
ACRX	4.72	0.52	0.11	0.33	4.26	(6.79)	13.85	(8.26)	29.52
DVAX	1.38	0.27	0.12	1.31	1.73	(1.52)	3.69	(1.92)	17.05
AMPH	1.67	(0.47)	0.00	(1.51)	0.00	0.00	3.57	(4.67)	17.26
LNTH	2.08	(0.25)	0.00	(0.33)	0.00	0.00	4.00	(3.95)	27.61
ANIP	1.55	0.00	(0.01)	0.02	1.97	(1.52)	2.64	(3.64)	9.65
IRWD	3.85	(0.14)	0.00	(0.09)	0.00	0.00	12.14	(7.54)	29.57
ALKS	1.41	0.02	0.01	0.06	1.64	(1.55)	3.90	(2.83)	9.74

Aquestive Therapeutics Corporate Management

Carl MD	Chief Officer	Profile
Alexander Schobel	Chief Officer	Profile
BSBA Esq	Sr Counsel	Profile
Kenneth MD	Chief Officer	Profile
Kenneth Marshall	Chief Officer	Profile
Ernest Toth	Chief Officer	Profile
Stephen Wargacki	Senior Development	Profile

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