Calidi Biotherapeutics Correlations

CLDI Stock

0.78 0.02 2.63%

The current 90-days correlation between Calidi Biotherapeutics and Titan Pharmaceuticals is 0.02 (i.e., Significant diversification). The correlation of Calidi Biotherapeutics 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.

Calidi Biotherapeutics Correlation With Market

Pay attention - limited upside

The correlation between Calidi Biotherapeutics and DJI is -0.79 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calidi Biotherapeutics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Calidi Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Calidi Biotherapeutics. 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 detail on how to invest in Calidi Stock please use our How to Invest in Calidi Biotherapeutics guide.

Moving together with Calidi Stock

0.75	OSE	OSE Pharma SA	Pair Corr
0.67	RAC	Race Oncology Earnings Call Next Week	Pair Corr
0.66	VCYT	Veracyte	Pair Corr
0.79	DRMA	Dermata Therapeutics	Pair Corr
0.84	DTIL	Precision BioSciences	Pair Corr
0.64	BIM	Biomerieux SA	Pair Corr

Moving against Calidi Stock

0.9	DRTS	Alpha Tau Medical	Pair Corr
0.82	6C1	CytomX Therapeutics	Pair Corr
0.75	GXEA	Galapagos NV Earnings Call Next Week	Pair Corr
0.72	8VP1	AVRICORE HEALTH INC	Pair Corr
0.72	EQ	Equillium	Pair Corr
0.63	DSGN	Design Therapeutics	Pair Corr
0.62	VALN	Valneva SE ADR	Pair Corr
0.62	DNTH	Dianthus Therapeutics	Pair Corr
0.48	CMB	Cambium Bio	Pair Corr
0.47	SAB	Sonic Healthcare Earnings Call This Week	Pair Corr
0.46	2CG	NANOSPHERE HEASCIENCES	Pair Corr
0.44	DNLI	Denali Therapeutics	Pair Corr
0.42	DRUG	Bright Minds Biosciences	Pair Corr
0.4	VERA	Vera Therapeutics Sell-off Trend	Pair Corr
0.34	PYC	Physiomics Plc	Pair Corr
0.34	SABSW	SAB Biotherapeutics	Pair Corr
0.9	0P6S	Bayer AG NA	Pair Corr
0.86	DVAX	Dynavax Technologies Earnings Call This Week	Pair Corr
0.75	SRZNW	Surrozen Warrant	Pair Corr
0.74	S09	Sutro Biopharma Split	Pair Corr
0.71	VNDA	Vanda Pharmaceuticals	Pair Corr
0.69	VRTX	Vertex Pharmaceuticals	Pair Corr
0.59	ALA	Arovella Therapeutics	Pair Corr
0.51	HDP1	Arrowhead Pharmaceuticals	Pair Corr

Related Correlations Analysis

	CMND	CANF	KZIA	TTNP	SILO	CNSP	SXTP	XBIO	QLGN	SNGX
CMND		0.78	0.11	-0.03	0.58	0.36	0.45	0.6	0.83	0.19	CMND
CANF	0.78		0.48	-0.06	0.78	0.53	0.51	0.64	0.69	0.45	CANF
KZIA	0.11	0.48		-0.19	0.68	0.62	0.16	0.3	0.02	0.71	KZIA
TTNP	-0.03	-0.06	-0.19		-0.08	-0.3	-0.18	-0.13	-0.18	0.0	TTNP
SILO	0.58	0.78	0.68	-0.08		0.81	0.18	0.6	0.47	0.79	SILO
CNSP	0.36	0.53	0.62	-0.3	0.81		0.03	0.48	0.41	0.76	CNSP
SXTP	0.45	0.51	0.16	-0.18	0.18	0.03		0.58	0.32	-0.1	SXTP
XBIO	0.6	0.64	0.3	-0.13	0.6	0.48	0.58		0.52	0.42	XBIO
QLGN	0.83	0.69	0.02	-0.18	0.47	0.41	0.32	0.52		0.15	QLGN
SNGX	0.19	0.45	0.71	0.0	0.79	0.76	-0.1	0.42	0.15		SNGX
	CMND	CANF	KZIA	TTNP	SILO	CNSP	SXTP	XBIO	QLGN	SNGX

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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

QLGN	+ 0.83	CMND
CNSP	+ 0.81	SILO
SNGX	+ 0.79	SILO
CANF	+ 0.78	CMND
SILO	+ 0.78	CANF
SNGX	+ 0.76	CNSP

High negative correlations

CNSP	- 0.3	TTNP
TTNP	- 0.19	KZIA
QLGN	- 0.18	TTNP
SXTP	- 0.18	TTNP
XBIO	- 0.13	TTNP
SNGX	- 0.1	SXTP

Risk-Adjusted Indicators

There is a big difference between Calidi Stock performing well and Calidi Biotherapeutics 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 Calidi Biotherapeutics' 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
CMND	7.20	(3.98)	0.00	1.98	0.00	0.00	11.60	(21.84)	56.34
CANF	5.15	(0.54)	0.00	0.39	0.00	0.00	10.40	(8.59)	38.42
KZIA	8.18	(0.19)	0.00	0.02	10.14	(9.10)	14.69	(18.36)	78.79
TTNP	3.46	0.24	0.03	0.70	5.38	(3.74)	9.38	(8.08)	30.41
SILO	3.69	(0.74)	0.00	(0.30)	0.00	0.00	8.33	(10.00)	24.79
CNSP	3.67	(0.87)	0.00	(1.08)	0.00	0.00	7.22	(8.99)	31.54
SXTP	7.94	0.40	0.07	0.16	7.94	(11.14)	10.44	(14.26)	166.26
XBIO	3.25	(0.27)	0.00	(0.27)	0.00	0.00	4.96	(6.84)	20.89
QLGN	5.09	(0.63)	0.00	(1.76)	0.00	0.00	10.42	(10.28)	26.37
SNGX	3.50	(0.33)	0.00	(0.13)	0.00	0.00	8.16	(6.25)	30.10

Calidi Biotherapeutics Corporate Management

Andrew Jackson	Chief Officer	Profile
PharmD Santidrian	Head Officer	Profile
Stephen Thesing	Chief Officer	Profile
Thomas Herrmann	Managing Development	Profile
Wendy Esq	Chief Officer	Profile

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