MetaVia Correlations

MTVA Stock

1.51 0.08 5.03%

The current 90-days correlation between MetaVia and NuCana PLC is 0.02 (i.e., Significant diversification). The correlation of MetaVia 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.

MetaVia Correlation With Market

Excellent diversification

The correlation between MetaVia and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MetaVia and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MetaVia Stock

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

For information on how to trade MetaVia Stock refer to our How to Trade MetaVia Stock guide.

Moving together with MetaVia Stock

0.76	OSE	OSE Pharma SA	Pair Corr
0.7	RAC	Race Oncology	Pair Corr
0.79	VCYT	Veracyte	Pair Corr
0.63	DXB	Dimerix	Pair Corr
0.68	DTIL	Precision BioSciences	Pair Corr
0.89	BIM	Biomerieux SA	Pair Corr

Moving against MetaVia Stock

0.84	DNTH	Dianthus Therapeutics	Pair Corr
0.81	8VP1	AVRICORE HEALTH INC	Pair Corr
0.76	CMB	Cambium Bio	Pair Corr
0.74	DNLI	Denali Therapeutics Earnings Call This Week	Pair Corr
0.69	VALN	Valneva SE ADR	Pair Corr
0.66	GXEA	Galapagos NV	Pair Corr
0.54	EQ	Equillium	Pair Corr
0.52	2CG	NANOSPHERE HEASCIENCES	Pair Corr
0.39	JUMP	Leveljump Healthcare Corp Earnings Call This Week	Pair Corr
0.93	6C1	CytomX Therapeutics Earnings Call This Week	Pair Corr
0.83	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr
0.82	DRTS	Alpha Tau Medical Earnings Call This Week	Pair Corr
0.71	PYC	Physiomics Plc Earnings Call This Week	Pair Corr
0.69	AVH	Avita Medical	Pair Corr
0.67	DSGN	Design Therapeutics	Pair Corr
0.55	SAB	Sonic Healthcare	Pair Corr
0.43	SABSW	SAB Biotherapeutics	Pair Corr
0.4	H2K2	XTL Biopharmaceuticals Split	Pair Corr
0.94	DVAX	Dynavax Technologies	Pair Corr
0.71	SRZNW	Surrozen Warrant	Pair Corr
0.6	ALA	Arovella Therapeutics	Pair Corr
0.42	NANO	Nanobiotix SA	Pair Corr
0.33	VNDA	Vanda Pharmaceuticals Trending	Pair Corr
0.32	VINC	Vincerx Pharma Common	Pair Corr

Related Correlations Analysis

	LSTA	NCNA	XCUR	ENLV	KLTO	PASG	CLSD	CASI	SONN	CLGN
LSTA		-0.87	-0.69	0.7	-0.61	-0.25	-0.56	-0.27	-0.14	-0.58	LSTA
NCNA	-0.87		0.68	-0.46	0.69	0.21	0.65	0.38	0.21	0.8	NCNA
XCUR	-0.69	0.68		-0.5	0.23	0.45	0.32	0.14	0.46	0.36	XCUR
ENLV	0.7	-0.46	-0.5		-0.13	-0.31	-0.29	-0.02	-0.08	-0.22	ENLV
KLTO	-0.61	0.69	0.23	-0.13		-0.19	0.25	0.06	-0.13	0.58	KLTO
PASG	-0.25	0.21	0.45	-0.31	-0.19		0.04	0.23	-0.04	0.09	PASG
CLSD	-0.56	0.65	0.32	-0.29	0.25	0.04		0.72	0.1	0.75	CLSD
CASI	-0.27	0.38	0.14	-0.02	0.06	0.23	0.72		-0.04	0.64	CASI
SONN	-0.14	0.21	0.46	-0.08	-0.13	-0.04	0.1	-0.04		-0.03	SONN
CLGN	-0.58	0.8	0.36	-0.22	0.58	0.09	0.75	0.64	-0.03		CLGN
	LSTA	NCNA	XCUR	ENLV	KLTO	PASG	CLSD	CASI	SONN	CLGN

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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

CLGN	+ 0.8	NCNA
CLGN	+ 0.75	CLSD
CASI	+ 0.72	CLSD
ENLV	+ 0.7	LSTA
KLTO	+ 0.69	NCNA
XCUR	+ 0.68	NCNA

High negative correlations

NCNA	- 0.87	LSTA
XCUR	- 0.69	LSTA
KLTO	- 0.61	LSTA
CLGN	- 0.58	LSTA
CLSD	- 0.56	LSTA
ENLV	- 0.5	XCUR

Risk-Adjusted Indicators

There is a big difference between MetaVia Stock performing well and MetaVia 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 MetaVia'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
LSTA	3.83	1.45	0.69	1.47	1.13	(5.83)	5.58	(3.12)	88.91
NCNA	3.38	(0.51)	0.00	3.03	0.00	0.00	6.53	(7.38)	20.76
XCUR	5.45	0.41	0.01	(0.15)	8.38	(6.05)	14.10	(11.88)	63.80
ENLV	4.30	0.39	0.07	0.53	4.69	(5.24)	8.99	(8.16)	24.21
KLTO	5.99	0.64	0.09	1.55	5.15	(9.68)	11.63	(10.00)	76.20
PASG	5.23	0.08	0.05	0.13	6.32	(5.26)	10.28	(9.87)	58.13
CLSD	6.75	(3.35)	0.00	(0.94)	0.00	0.00	7.96	(17.54)	83.67
CASI	5.01	(1.29)	0.00	2.09	0.00	0.00	11.90	(8.51)	98.17
SONN	10.16	0.04	0.00	0.10	0.00	0.00	19.48	(18.21)	69.59
CLGN	5.12	(1.80)	0.00	(0.51)	0.00	0.00	8.61	(12.50)	77.60

MetaVia Corporate Management

Michael Pine	Senior Advisor	Profile
Marshall Woodworth	Chief Officer	Profile
Christopher MD	Consulting Advisor	Profile
Robert Homolka	Senior Operations	Profile
MiKyung Kim	Chief Officer	Profile

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