Clene Correlations

CLNN Stock

USD 4.23 0.12 2.92%

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

Clene Correlation With Market

Pay attention - limited upside

The correlation between Clene Inc and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clene Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Clene Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clene 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 metropolitan statistical area.

Moving together with Clene Stock

0.84	OSE	OSE Pharma SA	Pair Corr
0.69	RAC	Race Oncology	Pair Corr
0.72	VCEL	Vericel Corp Ord	Pair Corr
0.74	DRMA	Dermata Therapeutics	Pair Corr
0.84	DTIL	Precision BioSciences	Pair Corr

Moving against Clene Stock

0.85	DRTS	Alpha Tau Medical	Pair Corr
0.72	6C1	CytomX Therapeutics	Pair Corr
0.72	DSGN	Design Therapeutics	Pair Corr
0.71	GXEA	Galapagos NV	Pair Corr
0.69	VERA	Vera Therapeutics Sell-off Trend	Pair Corr
0.68	EQ	Equillium	Pair Corr
0.64	DRUG	Bright Minds Biosciences	Pair Corr
0.61	8VP1	AVRICORE HEALTH INC	Pair Corr
0.59	DNTH	Dianthus Therapeutics	Pair Corr
0.56	SAB	Sonic Healthcare Earnings Call This Week	Pair Corr
0.45	DNLI	Denali Therapeutics	Pair Corr
0.43	VALN	Valneva SE ADR	Pair Corr
0.36	DXB	Dimerix	Pair Corr
0.35	DMAC	DiaMedica Therapeutics	Pair Corr
0.34	2CG	NANOSPHERE HEASCIENCES	Pair Corr
0.9	0P6S	Bayer AG NA	Pair Corr
0.8	VNDA	Vanda Pharmaceuticals	Pair Corr
0.79	VRTX	Vertex Pharmaceuticals	Pair Corr
0.77	HDP1	Arrowhead Pharmaceuticals	Pair Corr
0.74	DVAX	Dynavax Technologies Earnings Call This Week	Pair Corr
0.64	SRZNW	Surrozen Warrant	Pair Corr
0.59	NP5	NEWRON PHARMACEUT	Pair Corr
0.57	S09	Sutro Biopharma Split	Pair Corr

Related Correlations Analysis

	MGNX	OVID	COYA	ORMP	WHWK	CNTX	ZNTL	STTK	PLRX	CNTB
MGNX		0.31	-0.87	0.81	0.74	0.79	0.81	0.79	-0.45	-0.11	MGNX
OVID	0.31		-0.19	0.42	0.48	0.11	0.27	0.55	-0.47	0.24	OVID
COYA	-0.87	-0.19		-0.88	-0.82	-0.77	-0.85	-0.83	0.59	0.12	COYA
ORMP	0.81	0.42	-0.88		0.88	0.77	0.84	0.87	-0.68	0.04	ORMP
WHWK	0.74	0.48	-0.82	0.88		0.71	0.74	0.88	-0.77	-0.04	WHWK
CNTX	0.79	0.11	-0.77	0.77	0.71		0.65	0.62	-0.53	0.04	CNTX
ZNTL	0.81	0.27	-0.85	0.84	0.74	0.65		0.82	-0.38	-0.15	ZNTL
STTK	0.79	0.55	-0.83	0.87	0.88	0.62	0.82		-0.74	-0.07	STTK
PLRX	-0.45	-0.47	0.59	-0.68	-0.77	-0.53	-0.38	-0.74		-0.17	PLRX
CNTB	-0.11	0.24	0.12	0.04	-0.04	0.04	-0.15	-0.07	-0.17		CNTB
	MGNX	OVID	COYA	ORMP	WHWK	CNTX	ZNTL	STTK	PLRX	CNTB

Please upgrade your account to get full access to Macroaxis premium features

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

WHWK	+ 0.88	ORMP
STTK	+ 0.88	WHWK
STTK	+ 0.87	ORMP
ZNTL	+ 0.84	ORMP
STTK	+ 0.82	ZNTL
ORMP	+ 0.81	MGNX

High negative correlations

ORMP	- 0.88	COYA
COYA	- 0.87	MGNX
ZNTL	- 0.85	COYA
STTK	- 0.83	COYA
WHWK	- 0.82	COYA
PLRX	- 0.77	WHWK

Risk-Adjusted Indicators

There is a big difference between Clene Stock performing well and Clene 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 Clene'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
MGNX	2.87	0.33	0.09	1.52	2.96	(3.51)	6.83	(5.00)	24.44
OVID	4.41	0.09	0.03	0.10	4.99	(5.45)	9.70	(9.09)	36.13
COYA	2.67	(0.33)	0.00	(0.52)	0.00	0.00	5.28	(5.36)	18.45
ORMP	2.76	0.57	0.23	0.34	2.10	(3.69)	6.98	(3.85)	17.67
WHWK	3.32	0.43	0.11	0.61	3.44	(3.71)	6.98	(5.32)	21.49
CNTX	4.24	1.12	0.24	(11.65)	3.60	(5.05)	9.59	(6.88)	24.11
ZNTL	5.13	1.09	0.21	0.57	4.58	(7.01)	17.36	(9.57)	49.29
STTK	3.58	1.14	0.33	1.51	3.04	(4.46)	6.42	(4.91)	27.88
PLRX	2.53	(0.60)	0.00	(0.36)	0.00	0.00	4.59	(6.82)	22.72
CNTB	4.76	1.09	0.19	(0.86)	4.48	(5.91)	11.93	(7.84)	38.27

Clene Corporate Management

Robert MD	Chief Officer	Profile
CPA CPA	Chief Officer	Profile
Tae Mgt	Consultant	Profile
Mark ESQ	Chief Officer	Profile
Michael Hotchkin	Chief Officer	Profile
Mark Mortenson	CoFounder Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC