Celyad SA Correlations

Summary

CYADDelisted Stock

USD 0.52 0.00 0.00%

The current 90-days correlation between Celyad SA and Addex Therapeutics is -0.03 (i.e., Good diversification). The correlation of Celyad SA 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.

Celyad SA Correlation With Market

Significant diversification

The correlation between Celyad SA and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celyad SA and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Celyad Stock

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0.67	WMT	Walmart Aggressive Push	Pair Corr
0.58	IBM	International Business Tech Boost	Pair Corr
0.5	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.44	AXP	American Express	Pair Corr
0.43	V	Visa Class A	Pair Corr
0.43	MSFT	Microsoft	Pair Corr
0.37	T	ATT Inc Earnings Call This Week	Pair Corr
0.32	PG	Procter Gamble	Pair Corr
0.32	HD	Home Depot	Pair Corr

Related Correlations Analysis

	IPHA	ADXN	APM	DYAI	PMVP	ELYM	MNOV	PHVS	PEPG
IPHA		0.04	0.12	0.09	-0.09	-0.05	-0.02	-0.17	-0.04	IPHA
ADXN	0.04		0.3	-0.73	0.54	0.82	-0.72	0.73	0.71	ADXN
APM	0.12	0.3		-0.18	-0.09	0.06	-0.32	0.02	0.02	APM
DYAI	0.09	-0.73	-0.18		-0.42	-0.74	0.73	-0.51	-0.46	DYAI
PMVP	-0.09	0.54	-0.09	-0.42		0.84	-0.11	0.62	0.79	PMVP
ELYM	-0.05	0.82	0.06	-0.74	0.84		-0.49	0.79	0.82	ELYM
MNOV	-0.02	-0.72	-0.32	0.73	-0.11	-0.49		-0.53	-0.23	MNOV
PHVS	-0.17	0.73	0.02	-0.51	0.62	0.79	-0.53		0.71	PHVS
PEPG	-0.04	0.71	0.02	-0.46	0.79	0.82	-0.23	0.71		PEPG
	IPHA	ADXN	APM	DYAI	PMVP	ELYM	MNOV	PHVS	PEPG

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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

ELYM	+ 0.84	PMVP
ELYM	+ 0.82	ADXN
PEPG	+ 0.82	ELYM
PEPG	+ 0.79	PMVP
PHVS	+ 0.79	ELYM
PHVS	+ 0.73	ADXN

High negative correlations

ELYM	- 0.74	DYAI
DYAI	- 0.73	ADXN
MNOV	- 0.72	ADXN
PHVS	- 0.53	MNOV
PHVS	- 0.51	DYAI
MNOV	- 0.49	ELYM

Risk-Adjusted Indicators

There is a big difference between Celyad Stock performing well and Celyad SA 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 Celyad SA'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
IPHA	5.95	0.57	0.07	2.26	5.90	(8.45)	13.42	(11.04)	116.36
ADXN	4.22	(0.52)	0.00	3.73	0.00	0.00	9.74	(9.66)	28.39
APM	8.92	0.81	0.05	(0.34)	9.67	(14.03)	25.93	(19.12)	130.65
DYAI	4.75	0.50	0.11	0.34	4.59	(6.29)	12.08	(9.15)	46.69
PMVP	1.86	(0.17)	0.00	(0.70)	0.00	0.00	4.35	(4.57)	12.59
ELYM	3.62	(1.23)	0.00	(0.67)	0.00	0.00	6.00	(9.35)	22.16
MNOV	3.53	0.47	0.09	(4.40)	3.43	(4.63)	6.63	(5.24)	61.30
PHVS	3.13	(0.22)	0.00	(1.51)	0.00	0.00	6.28	(7.49)	20.31
PEPG	4.71	(2.46)	0.00	(3.62)	0.00	0.00	6.70	(11.25)	32.13

Celyad SA 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 Celyad SA stock to make a market-neutral strategy. Peer analysis of Celyad SA could also be used in its relative valuation, which is a method of valuing Celyad SA by comparing valuation metrics with similar companies.

Innate Pharma Addex Therapeutics Aptorum Group Ltd Dyadic International Pmv Pharmaceuticals ELYM Old MediciNova Pharvaris BV PepGen Pasithea Therapeutics Corp Nutriband Warrant Zivo Bioscience American Airlines Group Alcoa Corp Apple Inc

Risk & Return

Correlation

Celyad SA Corporate Management

Hannes Iserentant	Head Property	Profile
Frdric Lehmann	VP Affairs	Profile
David Georges	VP Admin	Profile
MD MBChB	Chief Officer	Profile
Sara Zelkovic	Communications Director	Profile
Philippe Nobels	Chief HR	Profile
BME MBA	CFO, CoFounder	Profile

Still Interested in Celyad SA?

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.

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