Cellectar Biosciences Correlations
| CLRB Stock | USD 1.57 0.01 0.63% |
The current 90-days correlation between Cellectar Biosciences and Monopar Therapeutics is 0.19 (i.e., Average diversification). The correlation of Cellectar Biosciences 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.
Cellectar Biosciences Correlation With Market
Weak diversification
The correlation between Cellectar Biosciences and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cellectar Biosciences and DJI in the same portfolio, assuming nothing else is changed.
Cellectar |
Moving together with Cellectar Stock
| 0.67 | ME | 23Andme Holding | PairCorr |
| 0.65 | VALN | Valneva SE ADR | PairCorr |
| 0.67 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.61 | IPSC | Century Therapeutics | PairCorr |
| 0.61 | TCHH | Trustcash Holdings | PairCorr |
Moving against Cellectar Stock
| 0.61 | RNXT | RenovoRx | PairCorr |
| 0.46 | MDGL | Madrigal Pharmaceuticals | PairCorr |
| 0.37 | KEP | Korea Electric Power | PairCorr |
| 0.63 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.62 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.6 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.58 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.55 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.49 | HPQ | HP Inc | PairCorr |
| 0.46 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.42 | VFS | VinFast Auto Earnings Call Today | PairCorr |
| 0.4 | HD | Home Depot | PairCorr |
| 0.32 | KB | KB Financial Group | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cellectar Stock performing well and Cellectar Biosciences 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 Cellectar Biosciences' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DFFN | 2.40 | (0.46) | 0.00 | 1.07 | 0.00 | 4.09 | 12.34 | |||
| MNPR | 20.54 | 10.49 | 0.90 | (2.38) | 7.85 | 15.93 | 653.56 | |||
| PULM | 5.29 | 2.24 | 0.46 | (4.44) | 3.24 | 12.29 | 92.85 | |||
| TENX | 2.57 | 0.20 | 0.08 | 0.31 | 2.49 | 5.49 | 18.78 | |||
| BPTH | 4.04 | (0.41) | 0.00 | 5.61 | 0.00 | 6.67 | 51.22 | |||
| CBIO | 4.25 | 1.10 | 0.12 | (0.84) | 4.45 | 9.76 | 38.47 | |||
| CAPR | 6.80 | 2.66 | 0.50 | 16.70 | 4.10 | 18.22 | 69.31 | |||
| NXTC | 2.57 | (0.37) | 0.00 | 1.85 | 0.00 | 5.22 | 21.68 | |||
| LBPH | 3.42 | 0.87 | 0.23 | 0.71 | 2.73 | 11.28 | 52.03 |