Ensysce Biosciences Correlations

ENSC Stock

USD 0.38 0.05 12.37%

The current 90-days correlation between Ensysce Biosciences and Oragenics is 0.21 (i.e., Modest diversification). The correlation of Ensysce 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.

Ensysce Biosciences Correlation With Market

Pay attention - limited upside

The correlation between Ensysce Biosciences and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ensysce Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Ensysce Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ensysce Biosciences. 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.

For information on how to trade Ensysce Stock refer to our How to Trade Ensysce Stock guide.

Moving together with Ensysce Stock

0.85	OSE	OSE Pharma SA	Pair Corr
0.78	RAC	Race Oncology Earnings Call This Week	Pair Corr
0.67	VCEL	Vericel Corp Ord Earnings Call Next Week	Pair Corr
0.83	DRMA	Dermata Therapeutics	Pair Corr
0.94	DTIL	Precision BioSciences	Pair Corr

Moving against Ensysce Stock

0.89	DRTS	Alpha Tau Medical	Pair Corr
0.8	EQ	Equillium	Pair Corr
0.77	DSGN	Design Therapeutics	Pair Corr
0.76	6C1	CytomX Therapeutics	Pair Corr
0.68	GXEA	Galapagos NV Earnings Call This Week	Pair Corr
0.63	8VP1	AVRICORE HEALTH INC	Pair Corr
0.61	DNTH	Dianthus Therapeutics	Pair Corr
0.6	DRUG	Bright Minds Biosciences	Pair Corr
0.54	SAB	Sonic Healthcare Earnings Call Tomorrow	Pair Corr
0.46	VALN	Valneva SE ADR	Pair Corr
0.39	CMB	Cambium Bio Earnings Call This Week	Pair Corr
0.39	DNLI	Denali Therapeutics	Pair Corr
0.38	DMAC	DiaMedica Therapeutics	Pair Corr
0.36	2CG	NANOSPHERE HEASCIENCES	Pair Corr
0.33	VERA	Vera Therapeutics	Pair Corr
0.94	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr
0.79	DVAX	Dynavax Technologies Earnings Call Tomorrow	Pair Corr
0.77	VRTX	Vertex Pharmaceuticals	Pair Corr
0.68	HDP1	Arrowhead Pharmaceuticals	Pair Corr
0.66	VNDA	Vanda Pharmaceuticals	Pair Corr
0.61	SRZNW	Surrozen Warrant	Pair Corr
0.55	NP5	NEWRON PHARMACEUT	Pair Corr
0.55	VTVT	vTv Therapeutics	Pair Corr

Related Correlations Analysis

	SNGX	TTNP	OGEN	KALA	XBIO	AIM	VYNE	QLGN	KZIA	CANF
SNGX		0.07	0.53	0.77	0.44	0.69	-0.57	0.11	0.71	0.47	SNGX
TTNP	0.07		-0.15	0.15	-0.1	0.04	0.04	-0.18	-0.15	-0.05	TTNP
OGEN	0.53	-0.15		0.45	0.63	0.33	-0.58	0.72	0.27	0.63	OGEN
KALA	0.77	0.15	0.45		0.49	0.61	-0.63	0.22	0.6	0.68	KALA
XBIO	0.44	-0.1	0.63	0.49		0.27	-0.59	0.47	0.32	0.62	XBIO
AIM	0.69	0.04	0.33	0.61	0.27		-0.48	0.06	0.71	0.45	AIM
VYNE	-0.57	0.04	-0.58	-0.63	-0.59	-0.48		-0.63	-0.56	-0.9	VYNE
QLGN	0.11	-0.18	0.72	0.22	0.47	0.06	-0.63		0.02	0.69	QLGN
KZIA	0.71	-0.15	0.27	0.6	0.32	0.71	-0.56	0.02		0.51	KZIA
CANF	0.47	-0.05	0.63	0.68	0.62	0.45	-0.9	0.69	0.51		CANF
	SNGX	TTNP	OGEN	KALA	XBIO	AIM	VYNE	QLGN	KZIA	CANF

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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

KALA	+ 0.77	SNGX
QLGN	+ 0.72	OGEN
KZIA	+ 0.71	SNGX
KZIA	+ 0.71	AIM
AIM	+ 0.69	SNGX
CANF	+ 0.69	QLGN

High negative correlations

CANF	- 0.9	VYNE
QLGN	- 0.63	VYNE
VYNE	- 0.63	KALA
VYNE	- 0.59	XBIO
VYNE	- 0.58	OGEN
VYNE	- 0.57	SNGX

Risk-Adjusted Indicators

There is a big difference between Ensysce Stock performing well and Ensysce 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 Ensysce 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
SNGX	3.46	(0.28)	0.00	(0.74)	0.00	0.00	8.16	(6.25)	30.10
TTNP	3.46	0.25	0.04	1.06	5.38	(3.74)	9.38	(8.08)	30.41
OGEN	3.62	(0.77)	0.00	(2.31)	0.00	0.00	7.32	(8.33)	24.70
KALA	6.41	(0.55)	0.00	(1.51)	0.00	0.00	13.33	(11.32)	59.48
XBIO	3.21	(0.25)	0.00	1.10	0.00	0.00	4.96	(6.84)	23.67
AIM	5.66	0.22	0.03	0.39	6.28	(6.78)	10.14	(10.32)	66.23
VYNE	3.00	0.92	0.24	3.81	2.13	(5.44)	5.71	(5.13)	55.08
QLGN	5.09	(0.62)	0.00	(6.30)	0.00	0.00	10.42	(10.28)	26.37
KZIA	8.23	0.19	0.01	(0.12)	10.14	(9.20)	14.69	(18.36)	78.79
CANF	5.14	(0.69)	0.00	(0.37)	0.00	0.00	10.40	(8.59)	38.42

Ensysce Biosciences Corporate Management

MSE MBA	Chief Officer	Profile
Geoffrey Birkett	Chief Officer	Profile
Jeffrey Millard	Chief Officer	Profile
Linda Pestano	Chief Officer	Profile

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