Aytu BioScience Correlations

AYTU Stock

USD 1.62 0.02 1.25%

The current 90-days correlation between Aytu BioScience and Aquestive Therapeutics is 0.13 (i.e., Average diversification). The correlation of Aytu BioScience 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.

Aytu BioScience Correlation With Market

Significant diversification

The correlation between Aytu BioScience and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aytu BioScience 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 Aytu BioScience. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Aytu Stock

0.77	VALN	Valneva SE ADR	Pair Corr
0.7	FDMT	4D Molecular Therapeutics	Pair Corr
0.87	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.9	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.92	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.88	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.75	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.66	BIAFW	BioAffinity Technologies	Pair Corr
0.7	MREO	Mereo BioPharma Group	Pair Corr
0.87	NKTX	Nkarta Inc Buyout Trend	Pair Corr
0.62	PDSB	PDS Biotechnology Corp	Pair Corr
0.94	PEPG	PepGen	Pair Corr
0.79	ADAP	Adaptimmune Therapeutics	Pair Corr
0.81	AMGN	Amgen Inc	Pair Corr
0.67	ANEB	Anebulo Pharmaceuticals	Pair Corr

Moving against Aytu Stock

0.89	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.85	NAMS	NewAmsterdam Pharma	Pair Corr
0.77	GILD	Gilead Sciences	Pair Corr
0.66	PMVP	Pmv Pharmaceuticals	Pair Corr
0.54	PHVS	Pharvaris BV	Pair Corr
0.47	LPCN	Lipocine	Pair Corr
0.43	ESLAW	Estrella Immunopharma	Pair Corr
0.42	PLRX	Pliant Therapeutics	Pair Corr
0.9	AVTE	Aerovate Therapeutics	Pair Corr
0.88	CDXS	Codexis	Pair Corr
0.88	VREX	Varex Imaging Corp	Pair Corr
0.87	SGMO	Sangamo Therapeutics Buyout Trend	Pair Corr
0.85	CRVS	Corvus Pharmaceuticals	Pair Corr
0.76	AGIO	Agios Pharm	Pair Corr
0.38	CMND	Clearmind Medicine Common	Pair Corr
0.36	ANTX	AN2 Therapeutics	Pair Corr
0.36	SYRE	Spyre Therapeutics Symbol Change	Pair Corr

Related Correlations Analysis

	AQST	EVOK	ADMP	GHSI	ACRX	SGIOY	SBFM	ALIM	SXTC	SHPH
AQST		0.74	-0.48	0.58	0.44	-0.36	0.25	0.54	-0.03	-0.17	AQST
EVOK	0.74		-0.61	0.76	0.6	-0.44	0.22	0.38	0.02	-0.18	EVOK
ADMP	-0.48	-0.61		-0.56	-0.88	0.92	0.2	-0.65	0.47	0.75	ADMP
GHSI	0.58	0.76	-0.56		0.55	-0.43	0.21	0.29	0.04	-0.07	GHSI
ACRX	0.44	0.6	-0.88	0.55		-0.91	-0.27	0.48	-0.44	-0.61	ACRX
SGIOY	-0.36	-0.44	0.92	-0.43	-0.91		0.38	-0.56	0.57	0.77	SGIOY
SBFM	0.25	0.22	0.2	0.21	-0.27	0.38		0.0	0.71	0.3	SBFM
ALIM	0.54	0.38	-0.65	0.29	0.48	-0.56	0.0		-0.35	-0.73	ALIM
SXTC	-0.03	0.02	0.47	0.04	-0.44	0.57	0.71	-0.35		0.54	SXTC
SHPH	-0.17	-0.18	0.75	-0.07	-0.61	0.77	0.3	-0.73	0.54		SHPH
	AQST	EVOK	ADMP	GHSI	ACRX	SGIOY	SBFM	ALIM	SXTC	SHPH

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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

SGIOY	+ 0.92	ADMP
SHPH	+ 0.77	SGIOY
GHSI	+ 0.76	EVOK
SHPH	+ 0.75	ADMP
EVOK	+ 0.74	AQST
SXTC	+ 0.71	SBFM

High negative correlations

SGIOY	- 0.91	ACRX
ACRX	- 0.88	ADMP
SHPH	- 0.73	ALIM
ALIM	- 0.65	ADMP
SHPH	- 0.61	ACRX
ADMP	- 0.61	EVOK

Risk-Adjusted Indicators

There is a big difference between Aytu Stock performing well and Aytu BioScience 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 Aytu BioScience'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
AQST	3.34	0.00	0.02	0.12	3.80	(3.56)	6.51	(7.14)	20.28
EVOK	3.85	(0.07)	(0.01)	0.07	4.66	(4.48)	6.20	(7.18)	48.38
ADMP	4.75	(1.74)	0.00	5.66	0.00	0.00	8.72	(11.60)	40.76
GHSI	5.47	0.68	0.06	(11.49)	8.11	(7.10)	18.66	(7.94)	101.05
ACRX	4.72	0.62	0.09	(0.90)	4.26	(6.79)	13.85	(8.26)	29.52
SGIOY	0.90	(0.15)	0.00	(3.07)	0.00	0.00	1.63	(2.09)	5.10
SBFM	3.06	0.05	0.01	0.17	3.59	(3.43)	6.97	(6.29)	19.65
ALIM	2.74	1.54	0.64	(0.59)	0.37	(4.03)	3.28	(0.72)	82.36
SXTC	5.02	(0.93)	0.00	3.42	0.00	0.00	11.29	(9.80)	29.79
SHPH	5.39	(1.23)	0.00	4.27	0.00	0.00	10.08	(13.02)	50.96

Aytu BioScience Corporate Management

Russ McMahen	Senior Development	Profile
Christopher Brooke	Chief Officer	Profile
Margaret Cabano	Vice Operations	Profile
Topher Brooke	Chief Officer	Profile
Greg Pyszczymuka	Chief Officer	Profile

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