Living Cell Correlations
| LVCLF Stock | USD 0 0.00 0.00% |
The current 90-days correlation between Living Cell Technologies and Rigel Pharmaceuticals is 0.07 (i.e., Significant diversification). The correlation of Living Cell 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.
Living Cell Correlation With Market
Significant diversification
The correlation between Living Cell Technologies and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Living Cell Technologies and DJI in the same portfolio, assuming nothing else is changed.
Living |
The ability to find closely correlated positions to Living Cell could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Living Cell 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 Living Cell - 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 Living Cell Technologies to buy it.
Moving together with Living Pink Sheet
| 0.64 | NVO | Novo Nordisk AS | PairCorr |
| 0.63 | NONOF | Novo Nordisk AS | PairCorr |
| 0.72 | QSAM | Qsam Biosciences | PairCorr |
| 0.63 | VLCN | Volcon Inc | PairCorr |
| 0.62 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Living Pink Sheet
| 0.66 | KB | KB Financial Group | PairCorr |
| 0.46 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.4 | BMA | Banco Macro SA | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
| 0.53 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.51 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.46 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.38 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.37 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.33 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| -0.59 | 0.78 | -0.43 | 0.05 | RIGL | ||
| -0.59 | -0.66 | 0.61 | 0.25 | GERN | ||
| 0.78 | -0.66 | -0.7 | -0.09 | VSTM | ||
| -0.43 | 0.61 | -0.7 | 0.46 | IMMP | ||
| 0.05 | 0.25 | -0.09 | 0.46 | ELEV | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Living Pink Sheet performing well and Living Cell 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 Living Cell'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RIGL | 3.41 | 1.06 | 0.37 | 0.63 | 2.40 | 9.10 | 55.18 | |||
| GERN | 2.21 | (0.24) | 0.00 | (0.10) | 0.00 | 4.17 | 14.00 | |||
| VSTM | 4.31 | 1.25 | 0.23 | 1.41 | 4.51 | 12.84 | 31.27 | |||
| IMMP | 2.39 | (0.35) | 0.00 | (0.43) | 0.00 | 4.89 | 18.55 | |||
| ELEV | 3.46 | (0.37) | 0.00 | (0.05) | 0.00 | 5.77 | 22.21 |