ContraFect Corp Correlations
| CFRXDelisted Stock | USD 1.18 0.08 6.35% |
The correlation of ContraFect Corp 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.
ContraFect Corp Correlation With Market
Significant diversification
The correlation between ContraFect Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ContraFect Corp and DJI in the same portfolio, assuming nothing else is changed.
ContraFect |
Moving together with ContraFect Stock
| 0.62 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.64 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.66 | PBCRF | PT Bank Central | PairCorr |
Moving against ContraFect Stock
| 0.62 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.61 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.57 | T | ATT Inc Aggressive Push | PairCorr |
| 0.54 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.53 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.51 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.5 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.47 | SSNLF | Samsung Electronics | PairCorr |
| 0.47 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.47 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.41 | PTAIF | PT Astra International | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ContraFect Stock performing well and ContraFect Corp 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 ContraFect Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PALI | 3.48 | (0.33) | 0.00 | 0.54 | 0.00 | 5.97 | 24.25 | |||
| ALLR | 4.89 | (1.93) | 0.00 | (1.90) | 0.00 | 10.85 | 41.48 | |||
| CNSP | 4.63 | (0.53) | 0.00 | (0.34) | 0.00 | 9.09 | 39.29 | |||
| WINT | 7.42 | (3.90) | 0.00 | (0.83) | 0.00 | 12.00 | 62.78 | |||
| QNRX | 6.20 | 0.56 | 0.05 | (0.76) | 6.79 | 17.65 | 74.46 | |||
| REVB | 3.68 | (0.80) | 0.00 | (0.28) | 0.00 | 8.97 | 34.52 | |||
| VRAX | 5.73 | (0.83) | 0.00 | 2.15 | 0.00 | 9.65 | 61.28 | |||
| UNCY | 4.11 | 0.62 | 0.12 | 0.47 | 4.32 | 9.76 | 29.22 | |||
| NRBO | 3.36 | (0.78) | 0.00 | (0.18) | 0.00 | 6.76 | 25.62 |
ContraFect Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ContraFect Corp stock to make a market-neutral strategy. Peer analysis of ContraFect Corp could also be used in its relative valuation, which is a method of valuing ContraFect Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ContraFect Corp Corporate Management
| CPA CPA | Chief Officer | Profile | |
| SPHR PHR | VP HR | Profile | |
| Natalie JD | Corp Counsel | Profile | |
| Gary Woodnutt | VP Devel | Profile | |
| FACP FACP | CEO Chairman | Profile |
Still Interested in ContraFect Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.