GT Biopharma Correlations

GTBP Stock

USD 2.39 0.06 2.58%

The current 90-days correlation between GT Biopharma and Hillstream Biopharma is 0.13 (i.e., Average diversification). The correlation of GT Biopharma 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.

GT Biopharma Correlation With Market

Significant diversification

The correlation between GT Biopharma and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GT Biopharma and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GT Biopharma. 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.

To learn how to invest in GTBP Stock, please use our How to Invest in GT Biopharma guide.

Moving against GTBP Stock

0.46	A	Agilent Technologies	Pair Corr
0.32	DRTS	Alpha Tau Medical	Pair Corr
0.49	CDTTW	Conduit Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ALLR	NRBO	HILS	VRAX	QNRX	PBLA	VRPX	REVB	BDRX	PRAX
ALLR		0.67	0.68	-0.15	0.42	0.91	0.81	0.81	0.69	0.04	ALLR
NRBO	0.67		0.31	-0.46	0.3	0.75	0.7	0.53	0.46	-0.04	NRBO
HILS	0.68	0.31		-0.22	0.17	0.59	0.29	0.38	0.53	-0.11	HILS
VRAX	-0.15	-0.46	-0.22		-0.03	-0.14	0.01	0.12	-0.02	0.08	VRAX
QNRX	0.42	0.3	0.17	-0.03		0.45	0.42	0.32	0.66	-0.22	QNRX
PBLA	0.91	0.75	0.59	-0.14	0.45		0.87	0.84	0.69	-0.04	PBLA
VRPX	0.81	0.7	0.29	0.01	0.42	0.87		0.86	0.55	0.08	VRPX
REVB	0.81	0.53	0.38	0.12	0.32	0.84	0.86		0.58	0.22	REVB
BDRX	0.69	0.46	0.53	-0.02	0.66	0.69	0.55	0.58		-0.06	BDRX
PRAX	0.04	-0.04	-0.11	0.08	-0.22	-0.04	0.08	0.22	-0.06		PRAX
	ALLR	NRBO	HILS	VRAX	QNRX	PBLA	VRPX	REVB	BDRX	PRAX

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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	+ 0.91	ALLR
VRPX	+ 0.87	PBLA
REVB	+ 0.86	VRPX
REVB	+ 0.84	PBLA
VRPX	+ 0.81	ALLR
REVB	+ 0.81	ALLR

High negative correlations

VRAX	- 0.46	NRBO
PRAX	- 0.22	QNRX
VRAX	- 0.22	HILS
VRAX	- 0.15	ALLR
PBLA	- 0.14	VRAX
PRAX	- 0.11	HILS

Risk-Adjusted Indicators

There is a big difference between GTBP Stock performing well and GT Biopharma 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 GT Biopharma'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
ALLR	3.77	(0.36)	0.00	(4.42)	0.00	0.00	6.19	(6.42)	27.90
NRBO	3.85	(0.33)	0.00	0.83	0.00	0.00	8.05	(7.49)	34.77
HILS	5.56	(0.58)	0.00	(2.71)	0.00	0.00	8.33	(7.89)	113.15
VRAX	7.20	0.86	0.11	(0.31)	6.65	(9.96)	21.39	(11.20)	70.25
QNRX	6.71	0.66	0.10	1.48	5.79	(10.75)	27.27	(9.59)	74.46
PBLA	7.11	(2.29)	0.00	(10.79)	0.00	0.00	10.70	(17.30)	88.58
VRPX	6.23	(0.32)	0.00	0.76	0.00	0.00	16.13	(13.16)	49.36
REVB	5.84	(0.43)	0.00	0.44	0.00	0.00	17.95	(8.82)	73.15
BDRX	6.15	0.22	0.03	0.19	7.88	(8.06)	13.30	(8.72)	97.78
PRAX	2.81	0.05	0.01	0.05	4.29	(2.74)	5.70	(6.66)	23.22

GT Biopharma Corporate Management

Michael Breen	Interim Chairman	Profile
Manu Ohri	Chief Officer	Profile
Jeffrey MD	Consulting Advisor	Profile
Gregory MD	Chief RD	Profile
MPH MBA	VP Management	Profile
PharmD MBA	Chief Officer	Profile
Alan CPA	Chief Officer	Profile

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