ESSA Pharma Correlations

EPIXDelisted Stock

USD 0.20 0.00 0.00%

The correlation of ESSA Pharma 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.

ESSA Pharma Correlation With Market

Pay attention - limited upside

The correlation between ESSA Pharma and DJI is -0.79 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ESSA Pharma and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities 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 gross domestic product.

Moving together with ESSA Stock

0.71	FNMFO	Federal National Mortgage	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.76	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against ESSA Stock

0.77	MRK	Merck Company Earnings Call This Week	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.67	WF	Woori Financial Group	Pair Corr
0.66	BCH	Banco De Chile Earnings Call This Week	Pair Corr
0.62	CAT	Caterpillar	Pair Corr
0.54	BAC-PL	Bank of America	Pair Corr
0.54	BAC	Bank of America Aggressive Push	Pair Corr
0.52	GE	GE Aerospace	Pair Corr
0.5	AXP	American Express	Pair Corr
0.49	CVX	Chevron Corp	Pair Corr
0.48	MCD	McDonalds Sell-off Trend	Pair Corr
0.45	KB	KB Financial Group	Pair Corr
0.37	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.36	SHG	Shinhan Financial	Pair Corr
0.33	AVAL	Grupo Aval	Pair Corr

Related Correlations Analysis

	APGN	TNFA	CSCI	CRVO	CHRO	SCPX	BIOR	KRRO	TSBX
APGN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	APGN
TNFA	0.0		0.38	0.41	0.12	0.22	0.0	0.42	-0.33	TNFA
CSCI	0.0	0.38		-0.24	0.43	0.03	0.0	0.64	-0.55	CSCI
CRVO	0.0	0.41	-0.24		-0.38	0.25	0.0	-0.46	0.25	CRVO
CHRO	0.0	0.12	0.43	-0.38		0.12	0.0	0.42	-0.47	CHRO
SCPX	0.0	0.22	0.03	0.25	0.12		0.0	-0.1	-0.16	SCPX
BIOR	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	BIOR
KRRO	0.0	0.42	0.64	-0.46	0.42	-0.1	0.0		-0.45	KRRO
TSBX	0.0	-0.33	-0.55	0.25	-0.47	-0.16	0.0	-0.45		TSBX
	APGN	TNFA	CSCI	CRVO	CHRO	SCPX	BIOR	KRRO	TSBX

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

KRRO	+ 0.64	CSCI
CHRO	+ 0.43	CSCI
KRRO	+ 0.42	TNFA
KRRO	+ 0.42	CHRO
CRVO	+ 0.41	TNFA
CSCI	+ 0.38	TNFA

High negative correlations

TSBX	- 0.55	CSCI
TSBX	- 0.47	CHRO
KRRO	- 0.46	CRVO
TSBX	- 0.45	KRRO
CHRO	- 0.38	CRVO
TSBX	- 0.33	TNFA

Risk-Adjusted Indicators

There is a big difference between ESSA Stock performing well and ESSA Pharma 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 ESSA Pharma'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
APGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TNFA	8.70	(0.46)	0.00	0.16	0.00	0.00	17.75	(20.86)	79.44
CSCI	7.39	0.47	0.04	0.17	10.83	(9.35)	36.74	(28.04)	94.83
CRVO	3.19	(0.38)	0.00	0.94	0.00	0.00	6.31	(7.29)	19.42
CHRO	5.31	0.50	0.05	(0.17)	5.79	(7.41)	10.27	(10.69)	68.90
SCPX	319.45	167.00	2.66	2.69	43.27	(776.51)	900.00	(89.29)	4,498
BIOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRRO	5.28	(0.57)	0.00	(0.05)	0.00	0.00	12.24	(6.62)	91.55
TSBX	2.57	0.18	0.03	1.64	3.05	(4.24)	6.06	(6.06)	21.24

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

Apexigen TNFA Old COSCIENS Biopharma CervoMed CHRO Old Scorpius Holdings Biora Therapeutics Frequency Therapeutics Turnstone Biologics Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

ESSA Pharma Corporate Management

Erin Rudsinski	Executive	Profile
Jim Bristol	Consultant	Profile
CMA CPA	Chief Officer	Profile
Roger Ulrich	Consultant	Profile
Kim Hewitt	Consultant	Profile
Neil Thapar	Executive	Profile
Alessandra MD	Chief Officer	Profile

Still Interested in ESSA Pharma?

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC