Hookipa Pharma Correlations

HOOK Stock

USD 2.15 0.15 6.52%

The current 90-days correlation between Hookipa Pharma and Mereo BioPharma Group is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hookipa Pharma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hookipa Pharma moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Hookipa Pharma Correlation With Market

Modest diversification

The correlation between Hookipa Pharma and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hookipa Pharma 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 Hookipa Pharma. 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.

For more information on how to buy Hookipa Stock please use our How to buy in Hookipa Stock guide.

Moving together with Hookipa Stock

0.78	ME	23Andme Holding	Pair Corr
0.93	VALN	Valneva SE ADR	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.8	IPSC	Century Therapeutics	Pair Corr
0.75	MTEM	Molecular Templates	Pair Corr
0.93	NKTX	Nkarta Inc	Pair Corr
0.78	TPST	Tempest Therapeutics	Pair Corr
0.86	AGL	agilon health	Pair Corr
0.79	BACK	IMAC Holdings	Pair Corr
0.8	CYRX	Cryoport	Pair Corr
0.66	TCHH	Trustcash Holdings	Pair Corr
0.7	SHG	Shinhan Financial	Pair Corr
0.77	EC	Ecopetrol SA ADR	Pair Corr
0.69	HYMTF	Hyundai Motor	Pair Corr
0.75	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Hookipa Stock

0.64	KZR	Kezar Life Sciences	Pair Corr
0.43	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.42	RNXT	RenovoRx	Pair Corr
0.4	MLYS	Mineralys Therapeutics,	Pair Corr
0.88	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.86	T	ATT Inc Aggressive Push	Pair Corr
0.84	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.81	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.81	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.77	HPQ	HP Inc	Pair Corr
0.75	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.7	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.5	KB	KB Financial Group	Pair Corr
0.5	VFS	VinFast Auto Earnings Call Tomorrow	Pair Corr
0.45	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.38	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	MREO	TERN	PDSB	INZY	DAWN	ELDN	XFOR	ABOS	AMLX
MREO		0.44	0.58	0.75	0.22	-0.4	0.62	0.26	-0.51	MREO
TERN	0.44		0.42	0.73	-0.05	-0.61	0.76	-0.19	-0.62	TERN
PDSB	0.58	0.42		0.67	0.22	-0.33	0.53	0.2	-0.28	PDSB
INZY	0.75	0.73	0.67		-0.04	-0.73	0.76	-0.06	-0.72	INZY
DAWN	0.22	-0.05	0.22	-0.04		0.52	0.05	0.66	0.56	DAWN
ELDN	-0.4	-0.61	-0.33	-0.73	0.52		-0.5	0.61	0.89	ELDN
XFOR	0.62	0.76	0.53	0.76	0.05	-0.5		0.1	-0.67	XFOR
ABOS	0.26	-0.19	0.2	-0.06	0.66	0.61	0.1		0.49	ABOS
AMLX	-0.51	-0.62	-0.28	-0.72	0.56	0.89	-0.67	0.49		AMLX
	MREO	TERN	PDSB	INZY	DAWN	ELDN	XFOR	ABOS	AMLX

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

AMLX	+ 0.89	ELDN
XFOR	+ 0.76	TERN
XFOR	+ 0.76	INZY
INZY	+ 0.75	MREO
INZY	+ 0.73	TERN
INZY	+ 0.67	PDSB

High negative correlations

ELDN	- 0.73	INZY
AMLX	- 0.72	INZY
AMLX	- 0.67	XFOR
AMLX	- 0.62	TERN
ELDN	- 0.61	TERN
AMLX	- 0.51	MREO

Risk-Adjusted Indicators

There is a big difference between Hookipa Stock performing well and Hookipa 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 Hookipa 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
MREO	2.65	(0.43)	0.00	(0.15)	0.00	0.00	5.14	(5.79)	19.32
TERN	3.37	(0.50)	0.00	(0.29)	0.00	0.00	5.68	(5.96)	34.09
PDSB	3.33	(0.78)	0.00	(0.35)	0.00	0.00	7.67	(6.76)	31.83
INZY	2.74	(1.09)	0.00	(0.42)	0.00	0.00	5.68	(7.92)	16.62
DAWN	2.10	(0.08)	(0.03)	0.03	2.72	(2.01)	3.84	(3.69)	11.44
ELDN	3.42	0.57	0.13	(22.59)	3.04	(5.27)	10.09	(4.24)	28.12
XFOR	4.97	(0.84)	0.00	(0.45)	0.00	0.00	6.90	(10.61)	62.35
ABOS	3.55	(0.52)	0.00	(0.05)	0.00	0.00	7.52	(6.67)	28.07
AMLX	4.24	1.32	0.27	1.26	4.02	(4.93)	10.06	(6.13)	33.56

Hookipa Pharma Corporate Management

Lukas Flatz	CoFounder	Profile
Klaus Orlinger	Chief Officer	Profile
Reinhard Kandera	CFO Director	Profile
Matthew Beck	Executive Relations	Profile
Mark Winderlich	Chief Officer	Profile
Joern Aldag	CEO Director	Profile
Marine Popoff	Communications Mang	Profile

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

2024 Macroaxis LLC