Azitra Correlations

Stocks . USA . 
Stock . Azitra Inc
AZTR Stock   0.31  0.01  3.33%   
The current 90-days correlation between Azitra Inc and Onconetix is 0.38 (i.e., Weak diversification). The correlation of Azitra 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.

Azitra Correlation With Market

Modest diversification

The correlation between Azitra Inc and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azitra Inc and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Azitra Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Azitra Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Azitra Stock

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  0.84VALN Valneva SE ADRPairCorr
  0.79DRMA Dermata Therapeutics Buyout TrendPairCorr
  0.75AVH Avita MedicalPairCorr
  0.87VINC Vincerx Pharma, CommonPairCorr
  0.64VIVS VivoSim Labs, Symbol ChangePairCorr
  0.83DYAI Dyadic InternationalPairCorr
  0.76ALA Arovella TherapeuticsPairCorr
  0.74VRAX Virax Biolabs GroupPairCorr

Moving against Azitra Stock

  0.79VCEL Vericel Corp OrdPairCorr
  0.75DSGN Design TherapeuticsPairCorr
  0.69VCYT VeracytePairCorr
  0.65DNTH Dianthus TherapeuticsPairCorr
  0.64DNLI Denali TherapeuticsPairCorr
  0.56DVAX Dynavax Technologies TrendingPairCorr
  0.51DRUG Bright Minds BiosciencesPairCorr
  0.50P6S Bayer AG NAPairCorr
  0.49DMAC DiaMedica TherapeuticsPairCorr
  0.43VERA Vera TherapeuticsPairCorr
  0.42VKTX Viking TherapeuticsPairCorr
  0.36CDIOW Cardio DiagnosticsPairCorr
  0.78VTVT vTv TherapeuticsPairCorr
  0.76VRDN Viridian TherapeuticsPairCorr
  0.56VRTX Vertex PharmaceuticalsPairCorr
  0.46ENTA Enanta PharmaceuticalsPairCorr
  0.4EFTR Effector TherapeuticsPairCorr
  0.37VXRT Vaxart IncPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Azitra Stock performing well and Azitra 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 Azitra'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ONCO  4.96 (1.16) 0.00 (0.61) 0.00 
 0.00 
 9.77 
(12.46)
 36.81 
JSPR  3.83 (0.49) 0.00 (0.22) 0.00 
 0.00 
 6.55 
(8.06)
 20.79 
SPRC  5.52 (1.54) 0.00 (1.02) 0.00 
 0.00 
 12.83 
(12.50)
 51.79 
SLXN  3.44 (0.75) 0.00 (0.26) 0.00 
 0.00 
 7.84 
(7.61)
 28.60 
INDP  6.56 (0.27) 0.00 (0.02) 0.00 
 0.00 
 18.70 
(12.56)
 37.41 
SCNI  4.88 (0.92) 0.00 (0.20) 0.00 
 0.00 
 10.32 
(9.29)
 38.82 
SLRX  5.96 (2.36) 0.00 (3.55) 0.00 
 0.00 
 10.05 
(13.48)
 66.01 
REVB  2.86 (0.87) 0.00 (0.36) 0.00 
 0.00 
 5.26 
(7.14)
 19.41 
LIPO  5.77 (1.73) 0.00 (0.42) 0.00 
 0.00 
 14.29 
(15.00)
 42.20 
ENVB  7.89  0.02  0.01  0.08  10.67 
(9.09)
 24.21 
(12.41)
 121.83 

Azitra Corporate Executives

Elected by the shareholders, the Azitra's board of directors comprises two types of representatives: Azitra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Azitra. The board's role is to monitor Azitra's management team and ensure that shareholders' interests are well served. Azitra's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Azitra's outside directors are responsible for providing unbiased perspectives on the board's policies.
Norman StaskeyTreasurer CFOProfile
Mr MPHCOO, CoFounderProfile
Dr MPHCOO, CoFounderProfile
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