MEI Pharma Correlations

MEIP Stock

USD 2.87 0.10 3.61%

The current 90-days correlation between MEI Pharma and Vincerx Pharma is 0.03 (i.e., Significant diversification). The correlation of MEI Pharma 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.

MEI Pharma Correlation With Market

Good diversification

The correlation between MEI Pharma and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEI Pharma 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 MEI Pharma. 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.

To learn how to invest in MEI Stock, please use our How to Invest in MEI Pharma guide.

Moving together with MEI Stock

0.68	AMGN	Amgen Inc	Pair Corr
0.7	SPRY	Silverback Therapeutics	Pair Corr
0.62	VMD	Viemed Healthcare	Pair Corr
0.65	UTMD	Utah Medical Products	Pair Corr
0.68	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against MEI Stock

0.45	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.78	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.59	MZHOF	Mizuho Financial	Pair Corr
0.59	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.58	WMT	Walmart	Pair Corr
0.47	17298CHT8	US17298CHT80	Pair Corr
0.43	MSFT	Microsoft Aggressive Push	Pair Corr
0.4	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.36	EXEEW	Expand Energy Symbol Change	Pair Corr
0.31	OPFI	OppFi Inc	Pair Corr

Related Correlations Analysis

	MGTA	KZR	VINC	ATXI	ASMB	NLTX	TIL	CTMX	ACHL	OCUL
MGTA		-0.1	-0.09	-0.08	0.1	-0.14	-0.03	-0.02	0.4	-0.13	MGTA
KZR	-0.1		0.87	0.6	0.64	0.52	0.9	0.16	-0.51	0.8	KZR
VINC	-0.09	0.87		0.73	0.68	0.68	0.84	0.12	-0.53	0.87	VINC
ATXI	-0.08	0.6	0.73		0.56	0.56	0.56	-0.12	-0.25	0.72	ATXI
ASMB	0.1	0.64	0.68	0.56		0.58	0.67	0.37	-0.19	0.71	ASMB
NLTX	-0.14	0.52	0.68	0.56	0.58		0.41	0.02	-0.24	0.58	NLTX
TIL	-0.03	0.9	0.84	0.56	0.67	0.41		0.26	-0.57	0.86	TIL
CTMX	-0.02	0.16	0.12	-0.12	0.37	0.02	0.26		-0.38	0.32	CTMX
ACHL	0.4	-0.51	-0.53	-0.25	-0.19	-0.24	-0.57	-0.38		-0.59	ACHL
OCUL	-0.13	0.8	0.87	0.72	0.71	0.58	0.86	0.32	-0.59		OCUL
	MGTA	KZR	VINC	ATXI	ASMB	NLTX	TIL	CTMX	ACHL	OCUL

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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

TIL	+ 0.9	KZR
VINC	+ 0.87	KZR
OCUL	+ 0.87	VINC
OCUL	+ 0.86	TIL
TIL	+ 0.84	VINC
OCUL	+ 0.8	KZR

High negative correlations

OCUL	- 0.59	ACHL
ACHL	- 0.57	TIL
ACHL	- 0.53	VINC
ACHL	- 0.51	KZR
ACHL	- 0.38	CTMX
ACHL	- 0.25	ATXI

Risk-Adjusted Indicators

There is a big difference between MEI Stock performing well and MEI Pharma 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 MEI Pharma'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
MGTA	2.62	0.11	0.02	(5.67)	3.40	(3.33)	5.88	(4.29)	16.99
KZR	1.99	(0.49)	0.00	(3.52)	0.00	0.00	3.66	(3.94)	18.24
VINC	5.83	(0.99)	0.00	0.37	0.00	0.00	8.33	(10.34)	94.90
ATXI	3.51	(0.07)	0.00	(0.04)	0.00	0.00	8.14	(6.67)	24.31
ASMB	2.99	(0.18)	0.00	(0.20)	0.00	0.00	8.68	(6.46)	24.82
NLTX	2.25	(0.16)	0.00	0.20	0.00	0.00	4.05	(3.53)	27.84
TIL	5.40	(0.92)	0.00	(0.86)	0.00	0.00	13.62	(9.64)	26.56
CTMX	3.52	(0.32)	0.00	(0.23)	0.00	0.00	6.78	(9.00)	23.37
ACHL	1.34	0.23	0.10	(13.75)	1.21	(2.36)	2.59	(2.86)	19.72
OCUL	2.60	(0.37)	0.00	(0.50)	0.00	0.00	3.64	(6.43)	19.78

MEI Pharma Corporate Management

BA Esq	COO Counsel	Profile
Anne Frese	Chief Officer	Profile
Eugene Park	VP Marketing	Profile
Virginia Sankey	VP Fin	Profile
JD Esq	Chief Officer	Profile
Eric Deng	VP Operations	Profile
Richard Ghalie	Chief Officer	Profile

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