Lixte Biotechnology Correlations

LIXT Stock

USD 2.33 0.08 3.32%

The current 90-days correlation between Lixte Biotechnology and Hillstream Biopharma is 0.17 (i.e., Average diversification). The correlation of Lixte Biotechnology 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.

Lixte Biotechnology Correlation With Market

Very good diversification

The correlation between Lixte Biotechnology Holdings and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lixte Biotechnology Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lixte Biotechnology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Lixte Stock

0.63	JPHLF	Japan Post Holdings	Pair Corr
0.64	BA	Boeing Earnings Call This Week	Pair Corr

Moving against Lixte Stock

0.64	GRFS	Grifols SA ADR	Pair Corr
0.64	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.62	VMD	Viemed Healthcare	Pair Corr
0.58	BIAF	bioAffinity Technologies,	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.54	SPRY	Silverback Therapeutics	Pair Corr
0.53	AMGN	Amgen Inc	Pair Corr
0.53	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.51	BKRKY	Bank Rakyat Normal Trading	Pair Corr
0.5	PPERF	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.5	PTBRY	Bank Negara Indonesia Earnings Call This Week	Pair Corr
0.49	BIIB	Biogen Inc	Pair Corr
0.49	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.47	KRRO	Frequency Therapeutics	Pair Corr
0.45	NVS	Novartis AG ADR	Pair Corr
0.39	GSK	GlaxoSmithKline PLC ADR	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.65	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.64	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.63	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.52	AA	Alcoa Corp	Pair Corr
0.46	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.43	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.39	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.34	PG	Procter Gamble	Pair Corr
0.34	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	ALLR	NRBO	HILS	VRAX	QNRX	INDP	KTTA	KRBP	BDRX	PMVP
ALLR		0.67	0.68	-0.15	0.42	0.88	0.94	0.78	0.7	0.51	ALLR
NRBO	0.67		0.31	-0.46	0.3	0.52	0.63	0.68	0.43	0.59	NRBO
HILS	0.68	0.31		-0.22	0.17	0.76	0.7	0.37	0.57	0.06	HILS
VRAX	-0.15	-0.46	-0.22		-0.03	-0.17	-0.11	-0.07	-0.04	-0.1	VRAX
QNRX	0.42	0.3	0.17	-0.03		0.51	0.51	0.46	0.47	0.52	QNRX
INDP	0.88	0.52	0.76	-0.17	0.51		0.88	0.63	0.73	0.5	INDP
KTTA	0.94	0.63	0.7	-0.11	0.51	0.88		0.75	0.73	0.52	KTTA
KRBP	0.78	0.68	0.37	-0.07	0.46	0.63	0.75		0.5	0.55	KRBP
BDRX	0.7	0.43	0.57	-0.04	0.47	0.73	0.73	0.5		0.45	BDRX
PMVP	0.51	0.59	0.06	-0.1	0.52	0.5	0.52	0.55	0.45		PMVP
	ALLR	NRBO	HILS	VRAX	QNRX	INDP	KTTA	KRBP	BDRX	PMVP

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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

KTTA	+ 0.94	ALLR
INDP	+ 0.88	ALLR
KTTA	+ 0.88	INDP
KRBP	+ 0.78	ALLR
INDP	+ 0.76	HILS
KRBP	+ 0.75	KTTA

High negative correlations

VRAX	- 0.46	NRBO
VRAX	- 0.22	HILS
INDP	- 0.17	VRAX
VRAX	- 0.15	ALLR
KTTA	- 0.11	VRAX
PMVP	- 0.1	VRAX

Risk-Adjusted Indicators

There is a big difference between Lixte Stock performing well and Lixte Biotechnology 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 Lixte Biotechnology'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	10.32	0.00	0.00	6.19	(6.42)	27.90
NRBO	3.85	(0.36)	0.00	(0.51)	0.00	0.00	8.05	(7.49)	34.77
HILS	5.56	(0.53)	0.00	0.37	0.00	0.00	8.33	(7.89)	113.15
VRAX	7.20	0.79	0.11	1.21	6.65	(9.96)	21.39	(11.20)	70.25
QNRX	6.71	0.68	0.10	(4.00)	5.79	(10.75)	27.27	(9.59)	74.46
INDP	4.21	(0.38)	0.00	0.85	0.00	0.00	8.39	(9.40)	49.41
KTTA	3.21	(0.61)	0.00	(1.87)	0.00	0.00	7.39	(6.98)	17.34
KRBP	6.00	(0.18)	0.00	(0.54)	0.00	0.00	12.04	(10.96)	65.24
BDRX	6.14	0.31	0.04	0.25	7.94	(7.86)	13.30	(8.72)	97.78
PMVP	1.96	(0.12)	0.00	(0.39)	0.00	0.00	4.35	(4.73)	13.98

Lixte Biotechnology Corporate Management

Johannes MD	Chief Officer	Profile
James MD	Chief Officer	Profile
Robert Weingarten	VP CFO	Profile
Eric JD	VP COO	Profile
John MD	President, Founder	Profile

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