Eupraxia Pharmaceuticals Correlations
| EPRXFDelisted Stock | USD 2.79 0.04 1.45% |
The current 90-days correlation between Eupraxia Pharmaceuticals and Champions Oncology is 0.13 (i.e., Average diversification). The correlation of Eupraxia Pharmaceuticals 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.
Eupraxia Pharmaceuticals Correlation With Market
Good diversification
The correlation between Eupraxia Pharmaceuticals and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eupraxia Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Eupraxia |
The ability to find closely correlated positions to Eupraxia Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eupraxia Pharmaceuticals when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eupraxia Pharmaceuticals - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eupraxia Pharmaceuticals to buy it.
Moving together with Eupraxia Pink Sheet
| 0.61 | NVO | Novo Nordisk AS | PairCorr |
| 0.67 | SGEN | Seagen Inc | PairCorr |
| 0.78 | TPDDF | Talon Energy | PairCorr |
| 0.91 | CHHE | China Health Industries | PairCorr |
| 0.72 | GBHPF | Global Hemp Group | PairCorr |
| 0.65 | EPGG | Empire Global Gaming | PairCorr |
Moving against Eupraxia Pink Sheet
| 0.67 | APLD | Applied Blockchain Trending | PairCorr |
| 0.55 | ADSK | Autodesk | PairCorr |
| 0.45 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.44 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.43 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.4 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.33 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eupraxia Pink Sheet performing well and Eupraxia Pharmaceuticals 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 Eupraxia Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AKESF | 3.98 | 0.85 | 0.12 | (7.74) | 3.85 | 12.00 | 41.83 | |||
| ADYX | 6.52 | 1.93 | 0.00 | (0.13) | 0.00 | 0.00 | 266.67 | |||
| ASCLF | 1.26 | 0.29 | 0.00 | 0.90 | 0.00 | 0.00 | 33.04 | |||
| AVXT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELYM | 3.92 | (0.89) | 0.00 | (4.85) | 0.00 | 6.21 | 34.87 | |||
| INBX | 2.27 | 0.08 | 0.02 | 0.22 | 2.67 | 4.92 | 16.80 | |||
| MACK | 0.78 | (0.04) | 0.00 | 0.35 | 0.00 | 1.89 | 7.02 | |||
| CELC | 2.16 | (0.52) | 0.00 | (0.36) | 0.00 | 4.02 | 16.97 | |||
| ELVN | 1.87 | 0.01 | 0.01 | 0.11 | 2.03 | 5.84 | 12.96 | |||
| TRGNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
View Eupraxia Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Still Interested in Eupraxia Pharmaceuticals?
Investing in delisted pink sheets can be risky, as the pink sheet 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.