Anavex Life Correlations

AVXL Stock

USD 9.57 0.13 1.34%

The current 90-days correlation between Anavex Life Sciences and Iovance Biotherapeutics is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Anavex Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anavex Life Sciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Anavex Life Correlation With Market

Modest diversification

The correlation between Anavex Life Sciences and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anavex Life Sciences 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 Anavex Life Sciences. 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.

Moving against Anavex Stock

0.54	KRYS	Krystal Biotech	Pair Corr
0.53	JNJ	Johnson Johnson	Pair Corr
0.48	PDSB	PDS Biotechnology Corp	Pair Corr
0.33	NKTX	Nkarta Inc	Pair Corr
0.63	CRVS	Corvus Pharmaceuticals	Pair Corr
0.62	AFMD	Affimed NV	Pair Corr
0.61	AGIO	Agios Pharm	Pair Corr
0.6	STOK	Stoke Therapeutics	Pair Corr
0.56	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.55	BDTX	Black Diamond Therap	Pair Corr
0.53	ABOS	Acumen Pharmaceuticals	Pair Corr
0.51	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.49	TERN	Terns Pharmaceuticals Buyout Trend	Pair Corr
0.4	ADAP	Adaptimmune Therapeutics	Pair Corr
0.37	SGMO	Sangamo Therapeutics Buyout Trend	Pair Corr
0.31	PLRX	Pliant Therapeutics	Pair Corr
0.6	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.58	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.56	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.53	DAWN	Day One Biopharmaceu	Pair Corr
0.46	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.42	BAC-PL	Bank of America	Pair Corr

Related Correlations Analysis

	SAVA	INMB	BIVI	CGTX	ANVS	IOVA	AXSM	NVAX	EXEL	TGTX
SAVA		-0.07	0.64	-0.42	0.8	0.64	-0.01	-0.32	0.16	-0.28	SAVA
INMB	-0.07		-0.48	0.44	-0.07	-0.28	0.48	0.34	-0.27	-0.22	INMB
BIVI	0.64	-0.48		-0.77	0.65	0.58	0.15	-0.39	0.5	0.21	BIVI
CGTX	-0.42	0.44	-0.77		-0.6	-0.66	-0.28	0.29	-0.51	-0.33	CGTX
ANVS	0.8	-0.07	0.65	-0.6		0.9	0.06	-0.08	0.35	-0.23	ANVS
IOVA	0.64	-0.28	0.58	-0.66	0.9		-0.07	0.03	0.32	-0.14	IOVA
AXSM	-0.01	0.48	0.15	-0.28	0.06	-0.07		-0.11	-0.01	0.5	AXSM
NVAX	-0.32	0.34	-0.39	0.29	-0.08	0.03	-0.11		-0.11	-0.26	NVAX
EXEL	0.16	-0.27	0.5	-0.51	0.35	0.32	-0.01	-0.11		0.1	EXEL
TGTX	-0.28	-0.22	0.21	-0.33	-0.23	-0.14	0.5	-0.26	0.1		TGTX
	SAVA	INMB	BIVI	CGTX	ANVS	IOVA	AXSM	NVAX	EXEL	TGTX

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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

IOVA	+ 0.9	ANVS
ANVS	+ 0.8	SAVA
ANVS	+ 0.65	BIVI
BIVI	+ 0.64	SAVA
IOVA	+ 0.64	SAVA
IOVA	+ 0.58	BIVI

High negative correlations

CGTX	- 0.77	BIVI
IOVA	- 0.66	CGTX
ANVS	- 0.6	CGTX
EXEL	- 0.51	CGTX
BIVI	- 0.48	INMB
CGTX	- 0.42	SAVA

Risk-Adjusted Indicators

There is a big difference between Anavex Stock performing well and Anavex Life 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 Anavex Life'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
SAVA	5.79	(2.12)	0.00	4.17	0.00	0.00	10.68	(10.93)	107.29
INMB	4.25	0.84	0.16	6.26	4.13	(4.93)	8.57	(7.67)	27.99
BIVI	4.68	(0.64)	0.00	3.53	0.00	0.00	10.45	(8.65)	26.90
CGTX	5.32	0.99	0.18	1.25	4.19	(8.67)	13.95	(6.67)	39.60
ANVS	3.44	(0.94)	0.00	(134.67)	0.00	0.00	5.48	(6.71)	20.72
IOVA	3.02	(0.97)	0.00	(1.18)	0.00	0.00	4.12	(9.01)	19.16
AXSM	2.37	0.31	0.14	0.48	1.92	(3.46)	6.33	(4.17)	16.75
NVAX	3.37	(0.04)	(0.01)	0.04	4.53	(3.30)	8.15	(7.46)	22.04
EXEL	1.51	(0.09)	0.00	(0.10)	0.00	0.00	3.04	(2.97)	14.29
TGTX	3.31	0.38	0.08	0.60	3.93	(3.64)	7.48	(6.82)	24.51

Anavex Life Corporate Management

CPA CPA	Principal Treasurer	Profile
David RPh	Senior Affairs	Profile
Juan MD	Senior Development	Profile
Dr RPh	VP Affairs	Profile
Kun Jin	Head Biostatistics	Profile
Terrie Kellmeyer	Senior Development	Profile

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