Jaguar Animal Correlations

JAGX Stock

USD 1.00 0.03 2.91%

The current 90-days correlation between Jaguar Animal Health and Onconova Therapeutics is -0.07 (i.e., Good diversification). The correlation of Jaguar Animal 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.

Jaguar Animal Correlation With Market

Average diversification

The correlation between Jaguar Animal Health and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jaguar Animal Health 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 Jaguar Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Jaguar Stock

0.64	LLY	Eli Lilly Buyout Trend	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.71	PDSB	PDS Biotechnology Corp	Pair Corr
0.75	PEPG	PepGen	Pair Corr

Moving against Jaguar Stock

0.6	PMVP	Pmv Pharmaceuticals	Pair Corr
0.52	NAMS	NewAmsterdam Pharma	Pair Corr
0.51	PHVS	Pharvaris BV	Pair Corr
0.47	GILD	Gilead Sciences	Pair Corr
0.44	LPTX	Leap Therapeutics	Pair Corr
0.43	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.39	PLRX	Pliant Therapeutics	Pair Corr
0.79	AGIO	Agios Pharm	Pair Corr
0.73	SGMO	Sangamo Therapeutics Buyout Trend	Pair Corr
0.67	VREX	Varex Imaging Corp	Pair Corr
0.59	AVTE	Aerovate Therapeutics	Pair Corr
0.57	CDXS	Codexis	Pair Corr
0.55	CRVS	Corvus Pharmaceuticals	Pair Corr
0.35	SYRE	Spyre Therapeutics Symbol Change	Pair Corr

Related Correlations Analysis

	ONTX	IBIO	GOVX	OCGN	EFTR	VIRI	ZURA	NAVB	ZVSA	TNXP
ONTX		-0.13	-0.43	-0.06	-0.53	-0.16	-0.12	-0.18	0.1	-0.61	ONTX
IBIO	-0.13		-0.61	-0.71	-0.28	-0.27	0.42	-0.69	-0.34	-0.14	IBIO
GOVX	-0.43	-0.61		0.8	0.71	0.51	-0.21	0.89	0.36	0.78	GOVX
OCGN	-0.06	-0.71	0.8		0.59	0.51	-0.05	0.88	0.6	0.53	OCGN
EFTR	-0.53	-0.28	0.71	0.59		0.58	0.14	0.57	0.47	0.82	EFTR
VIRI	-0.16	-0.27	0.51	0.51	0.58		0.24	0.57	0.78	0.52	VIRI
ZURA	-0.12	0.42	-0.21	-0.05	0.14	0.24		-0.22	0.31	-0.01	ZURA
NAVB	-0.18	-0.69	0.89	0.88	0.57	0.57	-0.22		0.52	0.6	NAVB
ZVSA	0.1	-0.34	0.36	0.6	0.47	0.78	0.31	0.52		0.29	ZVSA
TNXP	-0.61	-0.14	0.78	0.53	0.82	0.52	-0.01	0.6	0.29		TNXP
	ONTX	IBIO	GOVX	OCGN	EFTR	VIRI	ZURA	NAVB	ZVSA	TNXP

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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

NAVB	+ 0.89	GOVX
NAVB	+ 0.88	OCGN
TNXP	+ 0.82	EFTR
OCGN	+ 0.8	GOVX
TNXP	+ 0.78	GOVX
ZVSA	+ 0.78	VIRI

High negative correlations

OCGN	- 0.71	IBIO
NAVB	- 0.69	IBIO
GOVX	- 0.61	IBIO
TNXP	- 0.61	ONTX
EFTR	- 0.53	ONTX
GOVX	- 0.43	ONTX

Risk-Adjusted Indicators

There is a big difference between Jaguar Stock performing well and Jaguar Animal 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 Jaguar Animal'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
ONTX	4.73	1.02	0.15	(0.58)	4.35	(5.89)	7.69	(8.33)	66.73
IBIO	3.76	0.43	0.09	0.98	3.54	(5.09)	7.76	(6.47)	30.48
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
EFTR	7.57	(4.61)	0.00	(14.08)	0.00	0.00	8.70	(27.78)	88.91
VIRI	5.85	(0.36)	0.00	(5.81)	0.00	0.00	12.46	(10.62)	50.54
ZURA	3.89	(0.58)	0.00	(0.15)	0.00	0.00	7.95	(7.94)	26.70
NAVB	6.04	(1.19)	0.00	(1.62)	0.00	0.00	12.50	(12.50)	40.40
ZVSA	4.10	(0.85)	0.00	0.52	0.00	0.00	7.57	(9.60)	78.93
TNXP	5.61	(1.10)	0.00	(0.19)	0.00	0.00	14.29	(13.33)	34.76

Jaguar Animal Corporate Management

Steven King	Executive VP of Sustainable Supply, Ethnobotanical Research and Intellectual Property and Secretary	Profile
DVM MS	VP Studies	Profile
Ian MBA	Chief Officer	Profile
Pravin Chaturvedi	Chief Board	Profile
Peter Hodge	Business Relations	Profile
Carol MBA	Chief Officer	Profile
Karen Brunke	Executive Development	Profile

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