Cocrystal Pharma Correlations

COCP Stock

USD 2.07 0.03 1.43%

The current 90-days correlation between Cocrystal Pharma and RenovoRx is 0.17 (i.e., Average diversification). The correlation of Cocrystal Pharma 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.

Cocrystal Pharma Correlation With Market

Significant diversification

The correlation between Cocrystal Pharma and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cocrystal Pharma 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 Cocrystal Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cocrystal Stock, please use our How to Invest in Cocrystal Pharma guide.

Moving together with Cocrystal Stock

0.72	ETON	Eton Pharmaceuticals	Pair Corr
0.62	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.68	PLX	Protalix Biotherapeutics	Pair Corr

Moving against Cocrystal Stock

0.65	EYEN	Eyenovia	Pair Corr
0.54	ENVB	Enveric Biosciences	Pair Corr
0.51	A	Agilent Technologies Sell-off Trend	Pair Corr
0.5	FATE	Fate Therapeutics Trending	Pair Corr
0.47	VRPX	Virpax Pharmaceuticals	Pair Corr
0.47	EPIX	ESSA Pharma Fiscal Year End 10th of December 2024	Pair Corr
0.42	VRCA	Verrica Pharmaceuticals	Pair Corr
0.36	VIGL	Vigil Neuroscience	Pair Corr
0.34	VRAX	Virax Biolabs Group	Pair Corr
0.71	GBIO	Generation Bio	Pair Corr
0.62	INZY	Inozyme Pharma	Pair Corr
0.57	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.57	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.54	LLY	Eli Lilly	Pair Corr
0.44	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.38	INBX	Inhibrx Symbol Change	Pair Corr
0.33	FULC	Fulcrum Therapeutics	Pair Corr
0.67	LYRA	Lyra Therapeutics	Pair Corr
0.51	OCEA	Ocean Biomedical Earnings Call This Week	Pair Corr
0.5	KTTA	Pasithea Therapeutics	Pair Corr
0.48	KRON	Kronos Bio	Pair Corr

Related Correlations Analysis

	ZIVO	RNXT	TPST	IKNA	CBIO	MBRX	PULM	CYCC	AKTX	QNRX
ZIVO		-0.62	0.84	-0.21	-0.9	-0.42	-0.79	0.83	0.85	-0.18	ZIVO
RNXT	-0.62		-0.33	0.19	0.69	0.33	0.73	-0.57	-0.56	-0.2	RNXT
TPST	0.84	-0.33		-0.22	-0.78	-0.33	-0.61	0.72	0.8	-0.36	TPST
IKNA	-0.21	0.19	-0.22		0.28	0.18	-0.02	-0.31	-0.22	-0.05	IKNA
CBIO	-0.9	0.69	-0.78	0.28		0.46	0.77	-0.91	-0.8	0.1	CBIO
MBRX	-0.42	0.33	-0.33	0.18	0.46		0.51	-0.33	-0.46	-0.1	MBRX
PULM	-0.79	0.73	-0.61	-0.02	0.77	0.51		-0.69	-0.74	-0.14	PULM
CYCC	0.83	-0.57	0.72	-0.31	-0.91	-0.33	-0.69		0.72	0.06	CYCC
AKTX	0.85	-0.56	0.8	-0.22	-0.8	-0.46	-0.74	0.72		-0.11	AKTX
QNRX	-0.18	-0.2	-0.36	-0.05	0.1	-0.1	-0.14	0.06	-0.11		QNRX
	ZIVO	RNXT	TPST	IKNA	CBIO	MBRX	PULM	CYCC	AKTX	QNRX

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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

AKTX	+ 0.85	ZIVO
TPST	+ 0.84	ZIVO
CYCC	+ 0.83	ZIVO
AKTX	+ 0.8	TPST
PULM	+ 0.77	CBIO
PULM	+ 0.73	RNXT

High negative correlations

CYCC	- 0.91	CBIO
CBIO	- 0.9	ZIVO
AKTX	- 0.8	CBIO
PULM	- 0.79	ZIVO
CBIO	- 0.78	TPST
AKTX	- 0.74	PULM

Risk-Adjusted Indicators

There is a big difference between Cocrystal Stock performing well and Cocrystal Pharma 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 Cocrystal Pharma'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
ZIVO	3.01	(0.96)	0.00	(0.27)	0.00	0.00	5.31	(6.67)	36.36
RNXT	3.41	0.41	0.08	0.82	3.89	(4.51)	7.55	(6.20)	40.06
TPST	3.85	(0.55)	0.00	(0.33)	0.00	0.00	6.38	(8.53)	29.55
IKNA	0.93	(0.08)	0.00	(0.02)	0.00	0.00	1.81	(1.74)	5.87
CBIO	4.25	0.99	0.12	(4.73)	4.45	(6.17)	9.76	(8.33)	38.47
MBRX	3.76	0.35	0.03	(0.59)	4.27	(4.57)	9.75	(7.01)	35.41
PULM	5.69	2.40	0.45	(3.02)	3.56	(7.65)	16.69	(4.79)	92.85
CYCC	5.31	(1.27)	0.00	(2.04)	0.00	0.00	12.87	(15.66)	48.10
AKTX	4.64	(1.42)	0.00	4.27	0.00	0.00	8.04	(12.59)	47.27
QNRX	5.95	0.39	0.06	0.40	6.53	(8.76)	17.65	(9.68)	74.46

Cocrystal Pharma Corporate Executives

Elected by the shareholders, the Cocrystal Pharma's board of directors comprises two types of representatives: Cocrystal Pharma inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cocrystal. The board's role is to monitor Cocrystal Pharma's management team and ensure that shareholders' interests are well served. Cocrystal Pharma's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cocrystal Pharma's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sam Lee	Co-Founder and Pres	Profile
Roger Kornberg	Independent CoFounder	Profile
Prof Kornberg	Independent CoFounder	Profile

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