Eton Pharmaceuticals Correlations

ETON Stock

USD 12.03 0.80 7.12%

The current 90-days correlation between Eton Pharmaceuticals and Acumen Pharmaceuticals is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eton Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eton Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eton Pharmaceuticals Correlation With Market

Modest diversification

The correlation between Eton Pharmaceuticals and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eton Pharmaceuticals 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 Eton Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Eton Stock, please use our How to Invest in Eton Pharmaceuticals guide.

Moving together with Eton Stock

0.86	EWTX	Edgewise Therapeutics	Pair Corr
0.93	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.7	KZR	Kezar Life Sciences	Pair Corr
0.86	GILD	Gilead Sciences	Pair Corr
0.8	MNPR	Monopar Therapeutics	Pair Corr

Moving against Eton Stock

0.94	GMAB	Genmab AS	Pair Corr
0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.89	VALN	Valneva SE ADR	Pair Corr
0.87	LEGN	Legend Biotech Corp	Pair Corr
0.85	ME	23Andme Holding	Pair Corr
0.8	LLY	Eli Lilly	Pair Corr
0.8	INZY	Inozyme Pharma	Pair Corr
0.78	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.78	IPSC	Century Therapeutics	Pair Corr
0.68	VCNX	Vaccinex	Pair Corr
0.68	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.56	CINGW	Cingulate Warrants	Pair Corr
0.55	A	Agilent Technologies	Pair Corr
0.52	KRYS	Krystal Biotech	Pair Corr
0.93	NKTX	Nkarta Inc	Pair Corr
0.85	MTEM	Molecular Templates	Pair Corr
0.8	APLS	Apellis Pharmaceuticals	Pair Corr
0.76	LYRA	Lyra Therapeutics	Pair Corr
0.76	AMGN	Amgen Inc Sell-off Trend	Pair Corr
0.6	PHAT	Phathom Pharmaceuticals	Pair Corr
0.58	ABBV	AbbVie Inc	Pair Corr
0.43	NUVB	Nuvation Bio	Pair Corr
0.43	ALEC	Alector	Pair Corr
0.43	SNDX	Syndax Pharmaceuticals	Pair Corr
0.42	MDWD	Mediwound	Pair Corr
0.34	ASND	Ascendis Pharma AS	Pair Corr
0.33	ROIV	Roivant Sciences	Pair Corr

Related Correlations Analysis

	CNTB	ABOS	NUVB	ELDN	ELYM	INBX	MACK	CELC	ELVN	REPL
CNTB		-0.25	-0.32	-0.51	0.35	0.33	0.59	0.07	0.02	-0.06	CNTB
ABOS	-0.25		0.08	0.61	-0.32	0.11	-0.41	0.58	0.38	0.32	ABOS
NUVB	-0.32	0.08		-0.11	0.49	-0.13	-0.03	0.18	-0.74	-0.41	NUVB
ELDN	-0.51	0.61	-0.11		-0.74	-0.01	-0.76	-0.1	0.51	0.55	ELDN
ELYM	0.35	-0.32	0.49	-0.74		0.27	0.78	0.26	-0.7	-0.6	ELYM
INBX	0.33	0.11	-0.13	-0.01	0.27		0.31	0.13	0.22	0.25	INBX
MACK	0.59	-0.41	-0.03	-0.76	0.78	0.31		0.24	-0.32	-0.36	MACK
CELC	0.07	0.58	0.18	-0.1	0.26	0.13	0.24		0.06	-0.16	CELC
ELVN	0.02	0.38	-0.74	0.51	-0.7	0.22	-0.32	0.06		0.63	ELVN
REPL	-0.06	0.32	-0.41	0.55	-0.6	0.25	-0.36	-0.16	0.63		REPL
	CNTB	ABOS	NUVB	ELDN	ELYM	INBX	MACK	CELC	ELVN	REPL

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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

MACK	+ 0.78	ELYM
REPL	+ 0.63	ELVN
ELDN	+ 0.61	ABOS
MACK	+ 0.59	CNTB
CELC	+ 0.58	ABOS
REPL	+ 0.55	ELDN

High negative correlations

MACK	- 0.76	ELDN
ELYM	- 0.74	ELDN
ELVN	- 0.74	NUVB
ELVN	- 0.7	ELYM
REPL	- 0.6	ELYM
ELDN	- 0.51	CNTB

Risk-Adjusted Indicators

There is a big difference between Eton Stock performing well and Eton 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 Eton 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
CNTB	4.62	(0.03)	0.02	0.10	5.38	(5.87)	12.12	(9.01)	48.67
ABOS	3.55	(0.52)	0.00	(0.05)	0.00	0.00	7.52	(6.67)	28.07
NUVB	3.76	(0.36)	0.00	0.03	4.59	(4.00)	9.48	(8.36)	21.30
ELDN	3.42	0.57	0.13	(22.59)	3.04	(5.27)	10.09	(4.24)	28.12
ELYM	3.92	(0.95)	0.00	(5.36)	0.00	0.00	6.21	(9.35)	34.87
INBX	2.27	0.08	0.01	0.25	2.71	(2.75)	4.92	(6.11)	16.80
MACK	0.78	(0.04)	0.00	0.30	0.00	0.00	1.89	(1.74)	7.02
CELC	2.20	(0.49)	0.00	(0.28)	0.00	0.00	4.02	(5.73)	16.97
ELVN	1.87	0.00	0.00	0.12	2.04	(2.19)	5.84	(4.07)	12.96
REPL	3.10	0.47	0.16	0.36	2.86	(3.47)	7.38	(5.60)	15.63

Eton Pharmaceuticals Corporate Management

Danka Radosavljevic	Senior Operations	Profile
James CPA	Treasurer CFO	Profile
Kevin Guthrie	Executive Operations	Profile
Scott Grossenbach	Vice Operations	Profile
Ingrid Hoos	Senior Affairs	Profile
David Krempa	Chief Officer	Profile

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