Ibio Correlations

IBIO Stock

USD 2.54 0.02 0.78%

The current 90-days correlation between Ibio Inc and Jaguar Animal Health is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ibio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ibio Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ibio Correlation With Market

Significant diversification

The correlation between Ibio Inc and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ibio Inc 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 Ibio Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Ibio Stock

0.73	OPT	Opthea	Pair Corr
0.86	ABEO	Abeona Therapeutics	Pair Corr
0.71	CRVS	Corvus Pharmaceuticals	Pair Corr

Moving against Ibio Stock

0.82	FDMT	4D Molecular Therapeutics	Pair Corr
0.73	INKT	Mink Therapeutics	Pair Corr
0.72	RGNX	Regenxbio	Pair Corr
0.65	NKTX	Nkarta Inc	Pair Corr
0.61	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.34	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.76	BDTX	Black Diamond Therap	Pair Corr
0.65	ADAP	Adaptimmune Therapeutics	Pair Corr
0.61	STOK	Stoke Therapeutics Sell-off Trend	Pair Corr
0.55	AFMD	Affimed NV	Pair Corr
0.37	SYBX	Synlogic	Pair Corr
0.34	ACIU	AC Immune	Pair Corr
0.31	ANEB	Anebulo Pharmaceuticals	Pair Corr

Related Correlations Analysis

	JAGX	ONTX	GOVX	OCGN	TNXP	ACST	DFFN	SONN	PALI
JAGX		0.17	-0.09	0.05	0.03	-0.7	0.67	0.44	0.65	JAGX
ONTX	0.17		-0.43	-0.06	-0.61	-0.42	0.02	0.29	0.32	ONTX
GOVX	-0.09	-0.43		0.8	0.78	-0.02	0.41	0.25	0.14	GOVX
OCGN	0.05	-0.06	0.8		0.53	-0.35	0.55	0.53	0.43	OCGN
TNXP	0.03	-0.61	0.78	0.53		0.08	0.37	0.08	0.12	TNXP
ACST	-0.7	-0.42	-0.02	-0.35	0.08		-0.76	-0.77	-0.83	ACST
DFFN	0.67	0.02	0.41	0.55	0.37	-0.76		0.81	0.8	DFFN
SONN	0.44	0.29	0.25	0.53	0.08	-0.77	0.81		0.89	SONN
PALI	0.65	0.32	0.14	0.43	0.12	-0.83	0.8	0.89		PALI
	JAGX	ONTX	GOVX	OCGN	TNXP	ACST	DFFN	SONN	PALI

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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

PALI	+ 0.89	SONN
SONN	+ 0.81	DFFN
OCGN	+ 0.8	GOVX
PALI	+ 0.8	DFFN
TNXP	+ 0.78	GOVX
DFFN	+ 0.67	JAGX

High negative correlations

PALI	- 0.83	ACST
SONN	- 0.77	ACST
DFFN	- 0.76	ACST
ACST	- 0.7	JAGX
TNXP	- 0.61	ONTX
GOVX	- 0.43	ONTX

Risk-Adjusted Indicators

There is a big difference between Ibio Stock performing well and Ibio 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 Ibio'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
JAGX	2.89	(0.24)	0.00	(0.19)	0.00	0.00	8.13	(7.94)	27.65
ONTX	4.73	1.02	0.15	(0.58)	4.35	(5.89)	7.69	(8.33)	66.73
GOVX	5.88	(1.17)	0.00	(0.43)	0.00	0.00	9.26	(11.63)	77.95
OCGN	3.18	(0.77)	0.00	(0.28)	0.00	0.00	8.08	(6.19)	18.12
TNXP	5.61	(1.10)	0.00	(0.19)	0.00	0.00	14.29	(13.33)	34.76
ACST	3.00	0.32	0.07	1.55	2.83	(3.77)	9.42	(3.85)	25.09
DFFN	2.40	(0.49)	0.00	3.01	0.00	0.00	4.09	(5.32)	12.34
SONN	4.71	(0.91)	0.00	1.57	0.00	0.00	12.31	(9.79)	37.58
PALI	3.48	(0.33)	0.00	0.54	0.00	0.00	5.97	(8.55)	24.25

Ibio Corporate Management

Lisa Middlebrook	Chief Officer	Profile
Stephen Kilmer	Investor Officer	Profile
Marc JD	General Counsel	Profile
Melissa Berquist	VP Health	Profile
Robert Lutz	Chief Officer	Profile
Dr DVM	Chief Officer	Profile

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