First Wave Correlations

Summary

FWBIDelisted Stock

USD 0.61 0.03 4.69%

The current 90-days correlation between First Wave BioPharma and Quoin Pharmaceuticals Ltd is -0.03 (i.e., Good diversification). The correlation of First Wave 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.

First Wave Correlation With Market

Significant diversification

The correlation between First Wave BioPharma and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Wave BioPharma 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 bureau of labor statistics.

Moving together with First Stock

0.67	TCHH	Trustcash Holdings	Pair Corr
0.67	SHG	Shinhan Financial	Pair Corr
0.77	EC	Ecopetrol SA ADR	Pair Corr
0.77	HYMTF	Hyundai Motor	Pair Corr
0.82	TLK	Telkom Indonesia Tbk	Pair Corr
0.74	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.89	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.81	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against First Stock

0.91	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.9	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.88	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.88	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.84	HPQ	HP Inc	Pair Corr
0.78	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.71	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.46	VFS	VinFast Auto	Pair Corr
0.4	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	QNRX	BWV	PXMD	REVB	HILS	DRMA	PBLA	CFRX	ICU	VIRI
QNRX		0.66	-0.4	0.13	0.04	-0.07	-0.23	0.3	-0.08	0.01	QNRX
BWV	0.66		-0.59	0.16	0.08	-0.12	-0.4	-0.1	-0.37	-0.18	BWV
PXMD	-0.4	-0.59		0.4	0.48	0.71	0.94	0.52	0.9	0.62	PXMD
REVB	0.13	0.16	0.4		0.8	0.45	0.49	0.44	0.5	0.5	REVB
HILS	0.04	0.08	0.48	0.8		0.39	0.59	0.4	0.54	0.61	HILS
DRMA	-0.07	-0.12	0.71	0.45	0.39		0.69	0.48	0.76	0.48	DRMA
PBLA	-0.23	-0.4	0.94	0.49	0.59	0.69		0.53	0.9	0.65	PBLA
CFRX	0.3	-0.1	0.52	0.44	0.4	0.48	0.53		0.67	0.5	CFRX
ICU	-0.08	-0.37	0.9	0.5	0.54	0.76	0.9	0.67		0.73	ICU
VIRI	0.01	-0.18	0.62	0.5	0.61	0.48	0.65	0.5	0.73		VIRI
	QNRX	BWV	PXMD	REVB	HILS	DRMA	PBLA	CFRX	ICU	VIRI

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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

PBLA	+ 0.94	PXMD
ICU	+ 0.9	PXMD
ICU	+ 0.9	PBLA
HILS	+ 0.8	REVB
ICU	+ 0.76	DRMA
VIRI	+ 0.73	ICU

High negative correlations

PXMD	- 0.59	BWV
PBLA	- 0.4	BWV
PXMD	- 0.4	QNRX
ICU	- 0.37	BWV
PBLA	- 0.23	QNRX
VIRI	- 0.18	BWV

Risk-Adjusted Indicators

There is a big difference between First Stock performing well and First Wave 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 First Wave'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
QNRX	6.20	0.30	0.05	0.30	6.79	(8.68)	17.65	(9.68)	74.46
BWV	3.18	0.20	0.05	0.36	2.98	(5.30)	4.26	(4.72)	68.28
PXMD	3.75	(1.19)	0.00	(0.65)	0.00	0.00	7.63	(7.28)	23.71
REVB	3.65	(0.83)	0.00	(0.30)	0.00	0.00	8.97	(7.83)	34.52
HILS	5.56	(0.72)	0.00	(0.46)	0.00	0.00	8.33	(7.89)	113.15
DRMA	4.97	(0.58)	0.00	(0.22)	0.00	0.00	9.22	(8.05)	69.06
PBLA	7.11	(2.56)	0.00	(0.98)	0.00	0.00	10.70	(17.30)	88.58
CFRX	5.26	(0.06)	0.00	0.15	0.00	0.00	12.23	(8.45)	55.69
ICU	3.99	(1.67)	0.00	(1.25)	0.00	0.00	5.49	(8.67)	31.31
VIRI	5.85	(0.17)	0.00	0.22	0.00	0.00	12.46	(10.62)	50.54

Delisting Warning - FWBI

First Wave BioPharma was delisted

The entity First Wave BioPharma with a symbol FWBI was delisted from NASDAQ Exchange. Please try Entero Therapeutics, with a symbol ENTO from now on. Check all delisted instruments accross multiple markets.

First Wave Corporate Management

James MD	Consultant	Profile
Sarah CPA	Chief Officer	Profile
Amy ChandlerSkerkis	QA Affairs	Profile
Martin MBA	Senior Development	Profile

Still Interested in First Wave BioPharma?

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.

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