Enlivex Therapeutics Correlations

ENLV Stock

USD 0.84 0.14 14.29%

The current 90-days correlation between Enlivex Therapeutics and Pluri Inc is 0.05 (i.e., Significant diversification). The correlation of Enlivex Therapeutics 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.

Enlivex Therapeutics Correlation With Market

Significant diversification

The correlation between Enlivex Therapeutics and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Enlivex 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 Enlivex 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 bureau of economic analysis.

For more information on how to buy Enlivex Stock please use our How to Invest in Enlivex Therapeutics guide.

Moving together with Enlivex Stock

0.61	MI	NFT Limited	Pair Corr
0.67	DM	Desktop Metal	Pair Corr
0.62	MX	MagnaChip Semiconductor	Pair Corr
0.68	PI	Impinj Inc	Pair Corr

Moving against Enlivex Stock

0.83	DV	DoubleVerify Holdings	Pair Corr
0.52	ANY	Sphere 3D Corp	Pair Corr
0.51	CLSK	CleanSpark Earnings Call This Week	Pair Corr
0.48	FUFU	BitFuFu Class A	Pair Corr
0.48	MFH	Mercurity Fintech Holding	Pair Corr
0.43	MARA	Marathon Digital Holdings Aggressive Push	Pair Corr
0.36	GRYP	Gryphon Digital Mining Symbol Change	Pair Corr
0.33	AI	C3 Ai Inc Trending	Pair Corr
0.32	SLNH	Soluna Holdings	Pair Corr
0.66	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.65	ML	MoneyLion	Pair Corr
0.54	NN	Nextnav Acquisition Corp	Pair Corr
0.52	KD	Kyndryl Holdings Upward Rally	Pair Corr
0.5	ZD	Ziff Davis	Pair Corr
0.49	WK	Workiva	Pair Corr
0.49	ZM	Zoom Video Communications Earnings Call This Week	Pair Corr
0.48	ZS	Zscaler Earnings Call This Week	Pair Corr
0.45	KE	Kimball Electronics	Pair Corr
0.39	KN	Knowles Cor	Pair Corr
0.38	UI	Ubiquiti Networks	Pair Corr

Related Correlations Analysis

	PLUR	BLRX	PMVP	PLX	CRVS	PHIO	CLGN	KROS	MRUS	VCEL
PLUR		0.56	-0.47	-0.16	-0.54	0.09	0.66	-0.4	-0.4	0.23	PLUR
BLRX	0.56		-0.46	-0.42	-0.83	0.28	0.81	-0.81	-0.14	0.17	BLRX
PMVP	-0.47	-0.46		0.29	0.69	-0.19	-0.66	0.34	0.37	0.45	PMVP
PLX	-0.16	-0.42	0.29		0.68	-0.36	-0.55	0.35	-0.6	0.47	PLX
CRVS	-0.54	-0.83	0.69	0.68		-0.2	-0.94	0.73	0.01	0.19	CRVS
PHIO	0.09	0.28	-0.19	-0.36	-0.2		0.06	0.02	0.13	-0.4	PHIO
CLGN	0.66	0.81	-0.66	-0.55	-0.94	0.06		-0.68	-0.09	0.0	CLGN
KROS	-0.4	-0.81	0.34	0.35	0.73	0.02	-0.68		0.14	-0.21	KROS
MRUS	-0.4	-0.14	0.37	-0.6	0.01	0.13	-0.09	0.14		-0.22	MRUS
VCEL	0.23	0.17	0.45	0.47	0.19	-0.4	0.0	-0.21	-0.22		VCEL
	PLUR	BLRX	PMVP	PLX	CRVS	PHIO	CLGN	KROS	MRUS	VCEL

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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

CLGN	+ 0.81	BLRX
KROS	+ 0.73	CRVS
CRVS	+ 0.69	PMVP
CRVS	+ 0.68	PLX
CLGN	+ 0.66	PLUR
BLRX	+ 0.56	PLUR

High negative correlations

CLGN	- 0.94	CRVS
CRVS	- 0.83	BLRX
KROS	- 0.81	BLRX
KROS	- 0.68	CLGN
CLGN	- 0.66	PMVP
MRUS	- 0.6	PLX

Risk-Adjusted Indicators

There is a big difference between Enlivex Stock performing well and Enlivex 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 Enlivex 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PLUR	3.77	0.02	0.00	0.11	4.56	(4.09)	8.53	(8.45)	21.61
BLRX	3.17	(0.48)	0.00	(0.34)	0.00	0.00	4.88	(6.12)	17.74
PMVP	1.64	(0.07)	0.00	(0.03)	0.00	0.00	3.75	(3.77)	13.98
PLX	3.25	1.02	0.26	(1.61)	2.68	(4.32)	10.00	(5.56)	20.38
CRVS	3.55	0.99	0.26	0.71	3.13	(4.18)	9.38	(4.88)	23.11
PHIO	4.53	(0.30)	0.00	(0.18)	0.00	0.00	11.78	(10.38)	36.22
CLGN	2.53	(0.25)	0.00	(0.15)	0.00	0.00	5.27	(5.10)	15.88
KROS	2.09	0.11	0.06	0.16	2.34	(2.25)	4.39	(4.61)	16.94
MRUS	1.58	(0.42)	0.00	(0.32)	0.00	0.00	2.81	(2.83)	10.85
VCEL	2.41	0.17	0.10	0.17	2.39	(2.82)	5.56	(4.92)	12.86

Enlivex Therapeutics Corporate Management

Veronique AmorBaroukh	Senior Operations	Profile
Shachar CPA	Chief Officer	Profile
Oren Hershkovitz	Chief Officer	Profile
Sigal Arad	Director HR	Profile
Pr MD	Founder Officer	Profile

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