Valneva SE Correlations
| INRLF Stock | USD 4.20 0.07 1.64% |
The current 90-days correlation between Valneva SE and Basilea Pharmaceutica AG is 0.2 (i.e., Modest diversification). The correlation of Valneva SE 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.
Valneva SE Correlation With Market
Good diversification
The correlation between Valneva SE and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valneva SE and DJI in the same portfolio, assuming nothing else is changed.
Valneva |
The ability to find closely correlated positions to Valneva SE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valneva SE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Valneva SE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Valneva SE to buy it.
Moving together with Valneva Pink Sheet
| 0.87 | NONOF | Novo Nordisk AS | PairCorr |
| 0.82 | NVO | Novo Nordisk AS Aggressive Push | PairCorr |
| 0.69 | CSLLY | CSL | PairCorr |
| 0.62 | VFSWW | VinFast Auto | PairCorr |
Moving against Valneva Pink Sheet
| 0.88 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.78 | REGN | Regeneron Pharmaceuticals | PairCorr |
| 0.67 | SHG | Shinhan Financial | PairCorr |
| 0.65 | VRTX | Vertex Pharmaceuticals | PairCorr |
| 0.62 | EC | Ecopetrol SA ADR | PairCorr |
| 0.6 | KB | KB Financial Group | PairCorr |
| 0.58 | ARGX | argenx NV ADR | PairCorr |
| 0.38 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.33 | VFS | VinFast Auto | PairCorr |
| 0.79 | CSCO | Cisco Systems | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.76 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.74 | RLMD | Relmada Therapeutics | PairCorr |
| 0.65 | EGP | EastGroup Properties | PairCorr |
| 0.61 | HL | Hecla Mining Aggressive Push | PairCorr |
| 0.6 | NOEM | CO2 Energy Transition | PairCorr |
| 0.57 | KODK | Eastman Kodak | PairCorr |
| 0.55 | DDS | Dillards, | PairCorr |
| 0.53 | SPGI | SP Global | PairCorr |
| 0.86 | GM | General Motors | PairCorr |
| 0.76 | APGE | Apogee Therapeutics, | PairCorr |
| 0.73 | EOLS | Evolus Inc | PairCorr |
| 0.7 | KYOCF | Kyocera | PairCorr |
| 0.58 | HE | Hawaiian Electric | PairCorr |
| 0.56 | STAG | STAG Industrial | PairCorr |
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Valneva Pink Sheet performing well and Valneva SE 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 Valneva SE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDRSF | 1.63 | 0.13 | 0.01 | 1.23 | 3.62 | 5.82 | 45.00 | |||
| BPMUF | 0.38 | (0.09) | 0.00 | 1.35 | 0.00 | 0.00 | 11.48 | |||
| MDRX | 1.61 | (0.04) | 0.00 | 1.20 | 0.00 | 4.17 | 16.24 | |||
| SAFLF | 1.21 | 0.43 | 0.00 | 0.39 | 0.00 | 0.00 | 31.80 | |||
| VBIZF | 1.86 | 0.05 | 0.00 | 8.19 | 0.00 | 0.00 | 72.49 | |||
| MDCLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SOLTF | 1.67 | (0.44) | 0.00 | (0.27) | 0.00 | 3.80 | 27.75 | |||
| ELEAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GSGTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVCTF | 1.49 | 0.25 | 0.00 | (0.82) | 0.00 | 5.62 | 41.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Valneva SE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
Valneva SE Corporate Management
| Dipal Patel | Chief Board | Profile | |
| Laetitia BachelotFontaine | Investor Relations Manager | Profile | |
| JuanCarlos MD | Chief Board | Profile | |
| Gerald Strohmaier | VP Resource | Profile | |
| Peter Buhler | CFO Member | Profile |