Entera Bio Correlations

ENTX Stock

USD 1.57 0.20 11.30%

The current 90-days correlation between Entera Bio and Anixa Biosciences is 0.1 (i.e., Average diversification). The correlation of Entera Bio 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.

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Moving against Entera Stock

0.58	MRK	Merck Company	Pair Corr
0.51	FTV	Fortive Corp	Pair Corr
0.41	TRV	The Travelers Companies	Pair Corr
0.4	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.38	MGMA	Metro Global Media	Pair Corr
0.36	BAC	Bank of America Earnings Call This Week	Pair Corr
0.35	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	ANIX	VTGN	IRD	SEER	HURA	ABOS	MCRB	SPRO	AGEN	INO
ANIX		0.68	0.26	0.17	0.42	-0.18	0.2	0.26	0.66	0.02	ANIX
VTGN	0.68		0.05	0.44	0.66	-0.31	0.4	-0.04	0.83	0.26	VTGN
IRD	0.26	0.05		-0.35	-0.29	0.18	-0.33	0.04	-0.16	0.0	IRD
SEER	0.17	0.44	-0.35		0.89	0.16	0.3	-0.12	0.44	0.63	SEER
HURA	0.42	0.66	-0.29	0.89		-0.06	0.32	-0.04	0.68	0.49	HURA
ABOS	-0.18	-0.31	0.18	0.16	-0.06		-0.43	0.1	-0.47	0.5	ABOS
MCRB	0.2	0.4	-0.33	0.3	0.32	-0.43		-0.27	0.5	0.06	MCRB
SPRO	0.26	-0.04	0.04	-0.12	-0.04	0.1	-0.27		0.05	-0.28	SPRO
AGEN	0.66	0.83	-0.16	0.44	0.68	-0.47	0.5	0.05		0.11	AGEN
INO	0.02	0.26	0.0	0.63	0.49	0.5	0.06	-0.28	0.11		INO
	ANIX	VTGN	IRD	SEER	HURA	ABOS	MCRB	SPRO	AGEN	INO

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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

HURA	+ 0.89	SEER
AGEN	+ 0.83	VTGN
VTGN	+ 0.68	ANIX
AGEN	+ 0.68	HURA
AGEN	+ 0.66	ANIX
HURA	+ 0.66	VTGN

High negative correlations

AGEN	- 0.47	ABOS
MCRB	- 0.43	ABOS
SEER	- 0.35	IRD
MCRB	- 0.33	IRD
ABOS	- 0.31	VTGN
HURA	- 0.29	IRD

Risk-Adjusted Indicators

There is a big difference between Entera Stock performing well and Entera Bio 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 Entera Bio'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
ANIX	3.96	(0.56)	0.00	(0.19)	0.00	0.00	9.51	(8.40)	40.89
VTGN	5.62	(0.89)	0.00	0.70	0.00	0.00	7.93	(12.80)	96.59
IRD	3.07	0.20	0.05	0.27	3.60	(3.47)	6.70	(6.96)	26.50
SEER	1.40	(0.35)	0.00	(0.36)	0.00	0.00	2.71	(3.24)	9.98
HURA	4.42	(1.88)	0.00	(0.56)	0.00	0.00	7.73	(9.33)	50.34
ABOS	4.48	0.34	0.05	7.72	4.60	(5.46)	12.14	(7.18)	30.69
MCRB	4.23	(0.16)	0.00	0.29	0.00	0.00	9.13	(7.64)	54.10
SPRO	2.42	0.19	0.08	0.18	3.18	(2.53)	3.93	(5.42)	13.83
AGEN	2.68	(0.32)	0.00	(0.07)	0.00	0.00	5.08	(5.70)	21.03
INO	3.86	(0.58)	0.00	(0.61)	0.00	0.00	7.11	(6.80)	36.52

Entera Bio Corporate Management

Hillel MBA	Chief Officer	Profile
Miranda MBA	CEO Director	Profile
II MD	Chief Officer	Profile
Gregory Burshtein	Chief Development	Profile
Dana CPA	Chief Officer	Profile
Rachel Wagman	Chief Advisor	Profile
RPh Itin	Head Bioanalytics	Profile

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