Eliem Therapeutics Correlations

ELYMDelisted Stock  USD 3.00  0.08  2.60%   
The current 90-days correlation between Eliem Therapeutics and Rezolute is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eliem Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eliem Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eliem Therapeutics Correlation With Market

Significant diversification

The correlation between Eliem Therapeutics and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eliem Therapeutics and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eliem Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Eliem Stock

  0.71EC Ecopetrol SA ADRPairCorr
  0.8HYMTF Hyundai MotorPairCorr
  0.85TLK Telkom Indonesia TbkPairCorr
  0.89MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.71PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.8JNJ Johnson Johnson Sell-off TrendPairCorr

Moving against Eliem Stock

  0.87AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.86CSCO Cisco SystemsPairCorr
  0.85CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.8HPQ HP IncPairCorr
  0.76BAC Bank of America Aggressive PushPairCorr
  0.75JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.75AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.72WMT Walmart Aggressive PushPairCorr
  0.71CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.67XOM Exxon Mobil Corp Aggressive PushPairCorr
  0.6KB KB Financial GroupPairCorr
  0.58TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.32VFS VinFast Auto Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RZLTPHVS
ADAGMOLN
AVTEPMVP
RZLTPMVP
ANEBPEPG
AVTEPHVS
  
High negative correlations   
AVTEPEPG
MOLNMNOV
AVTEANEB
RZLTPEPG
PEPGPMVP
ANEBPMVP

Risk-Adjusted Indicators

There is a big difference between Eliem Stock performing well and Eliem Therapeutics 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 Eliem Therapeutics' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PMVP  1.67 (0.03)(0.02) 0.06  2.12 
 3.75 
 13.98 
MNOV  5.00  1.29  0.18 (0.44) 4.13 
 14.50 
 61.30 
PHVS  2.88  0.21  0.07  0.28  2.98 
 7.76 
 21.41 
PEPG  3.02 (1.30) 0.00 (0.73) 0.00 
 4.75 
 26.81 
ANEB  5.22 (0.27) 0.00 (0.04) 0.00 
 8.85 
 76.00 
RZLT  2.90  0.09  0.04  0.16  3.10 
 6.81 
 30.01 
HCWB  13.16  4.23  0.41 (1.40) 7.33 
 22.00 
 341.22 
MOLN  4.73 (0.11)(0.02) 0.00  5.15 
 9.61 
 52.92 
AVTE  2.56  0.45  0.17  0.54  2.14 
 5.58 
 19.11 
ADAG  4.50 (0.02)(0.01) 0.06  6.87 
 8.30 
 37.93 

The entity Eliem Therapeutics with a symbol ELYM was recently relisted or delisted. You can potentially use Climb Bio with a symbol CLYM. Please make sure the ticker renaming or change in the classification of Eliem Therapeutics is not a temporary action by the exchange.

Eliem Therapeutics Corporate Management

Still Interested in Eliem Therapeutics?

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.