Candel Therapeutics Correlations

CADL Stock

USD 4.84 0.20 3.97%

The current 90-days correlation between Candel Therapeutics and Scpharmaceuticals is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Candel Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Candel Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Candel Therapeutics Correlation With Market

Modest diversification

The correlation between Candel Therapeutics 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 Candel 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 Candel 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 unemployment.

For more information on how to buy Candel Stock please use our How to buy in Candel Stock guide.

Moving together with Candel Stock

0.71	A	Agilent Technologies	Pair Corr
0.89	ME	23Andme Holding	Pair Corr
0.79	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.9	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.85	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.68	IPSC	Century Therapeutics	Pair Corr
0.76	MTEM	Molecular Templates	Pair Corr
0.79	NKTX	Nkarta Inc	Pair Corr
0.84	TPST	Tempest Therapeutics	Pair Corr
0.83	AGL	agilon health Buyout Trend	Pair Corr
0.77	TCHH	Trustcash Holdings	Pair Corr
0.67	SHG	Shinhan Financial	Pair Corr
0.66	EC	Ecopetrol SA ADR	Pair Corr
0.89	HYMTF	Hyundai Motor	Pair Corr
0.93	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Candel Stock

0.69	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.47	KZR	Kezar Life Sciences	Pair Corr
0.33	RNXT	RenovoRx	Pair Corr
0.31	MLYS	Mineralys Therapeutics,	Pair Corr
0.89	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.81	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.67	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	HPQ	HP Inc	Pair Corr
0.57	KB	KB Financial Group	Pair Corr
0.56	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.52	T	ATT Inc Sell-off Trend	Pair Corr
0.38	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.35	HD	Home Depot	Pair Corr
0.31	VFS	VinFast Auto Earnings Call Today	Pair Corr

Related Correlations Analysis

	ELYM	HCWB	SCPH	MIST	MCRB	LUMO
ELYM		-0.02	0.86	-0.55	0.8	-0.68	ELYM
HCWB	-0.02		-0.17	0.1	0.11	-0.01	HCWB
SCPH	0.86	-0.17		-0.54	0.7	-0.58	SCPH
MIST	-0.55	0.1	-0.54		-0.39	0.51	MIST
MCRB	0.8	0.11	0.7	-0.39		-0.63	MCRB
LUMO	-0.68	-0.01	-0.58	0.51	-0.63		LUMO
	ELYM	HCWB	SCPH	MIST	MCRB	LUMO

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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

SCPH	+ 0.86	ELYM
MCRB	+ 0.8	ELYM
MCRB	+ 0.7	SCPH
LUMO	+ 0.51	MIST
MCRB	+ 0.11	HCWB
MIST	+ 0.1	HCWB

High negative correlations

LUMO	- 0.68	ELYM
LUMO	- 0.63	MCRB
LUMO	- 0.58	SCPH
MIST	- 0.55	ELYM
MIST	- 0.54	SCPH
MCRB	- 0.39	MIST

Risk-Adjusted Indicators

There is a big difference between Candel Stock performing well and Candel 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 Candel 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
ELYM	3.92	(0.78)	0.00	0.73	0.00	0.00	6.21	(9.35)	34.87
HCWB	13.20	4.04	0.35	(1.01)	8.16	(22.22)	22.00	(16.67)	352.85
SCPH	2.64	(0.84)	0.00	(0.35)	0.00	0.00	4.05	(7.09)	20.70
MIST	1.90	0.19	0.12	0.24	1.61	(2.80)	7.19	(2.11)	18.66
MCRB	4.93	0.19	0.02	0.60	5.66	(5.85)	10.84	(9.78)	28.84
LUMO	2.44	0.38	0.06	(0.43)	2.72	(2.74)	5.95	(5.19)	16.25

Candel Therapeutics Corporate Management

Francesca MD	Chief Officer	Profile
LLM JD	Chief Officer	Profile
Nathan Caffo	Chief Officer	Profile
MS MD	Chief Officer	Profile
FMEDSCI MD	CEO Pres	Profile

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