Ocugen Correlations

OCGN Stock

USD 0.92 0.01 1.10%

The current 90-days correlation between Ocugen Inc and Vaxart Inc is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocugen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocugen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ocugen Correlation With Market

Weak diversification

The correlation between Ocugen Inc and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ocugen Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocugen Inc. 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 Ocugen Stock

0.84	VALN	Valneva SE ADR	Pair Corr
0.68	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.7	IPSC	Century Therapeutics	Pair Corr
0.61	MTEM	Molecular Templates	Pair Corr
0.82	NKTX	Nkarta Inc	Pair Corr
0.63	TPST	Tempest Therapeutics	Pair Corr
0.66	AGL	agilon health Buyout Trend	Pair Corr
0.83	BACK	IMAC Holdings	Pair Corr
0.8	CYRX	Cryoport	Pair Corr
0.61	SHG	Shinhan Financial	Pair Corr
0.68	VFSWW	VinFast Auto	Pair Corr
0.75	EC	Ecopetrol SA ADR	Pair Corr

Moving against Ocugen Stock

0.69	KZR	Kezar Life Sciences	Pair Corr
0.5	MLYS	Mineralys Therapeutics,	Pair Corr
0.86	HD	Home Depot	Pair Corr
0.81	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.81	T	ATT Inc Sell-off Trend	Pair Corr
0.81	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.72	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.68	HPQ	HP Inc	Pair Corr
0.65	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.61	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.55	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.55	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.53	BAC	Bank of America Aggressive Push	Pair Corr
0.49	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.45	VFS	VinFast Auto Earnings Call Today	Pair Corr
0.43	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	VXRT	NVAX	CWBR	RAIN	OCEA	ELEV	AVRO	ZURA	ENVB
VXRT		0.78	-0.6	0.67	0.84	0.31	-0.69	0.23	0.72	VXRT
NVAX	0.78		-0.42	0.48	0.68	-0.01	-0.91	0.06	0.33	NVAX
CWBR	-0.6	-0.42		-0.86	-0.44	-0.41	0.36	0.12	-0.44	CWBR
RAIN	0.67	0.48	-0.86		0.46	0.46	-0.4	-0.22	0.46	RAIN
OCEA	0.84	0.68	-0.44	0.46		0.29	-0.67	0.38	0.73	OCEA
ELEV	0.31	-0.01	-0.41	0.46	0.29		-0.05	0.01	0.46	ELEV
AVRO	-0.69	-0.91	0.36	-0.4	-0.67	-0.05		-0.06	-0.25	AVRO
ZURA	0.23	0.06	0.12	-0.22	0.38	0.01	-0.06		0.53	ZURA
ENVB	0.72	0.33	-0.44	0.46	0.73	0.46	-0.25	0.53		ENVB
	VXRT	NVAX	CWBR	RAIN	OCEA	ELEV	AVRO	ZURA	ENVB

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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

OCEA	+ 0.84	VXRT
NVAX	+ 0.78	VXRT
ENVB	+ 0.73	OCEA
ENVB	+ 0.72	VXRT
OCEA	+ 0.68	NVAX
RAIN	+ 0.67	VXRT

High negative correlations

AVRO	- 0.91	NVAX
RAIN	- 0.86	CWBR
AVRO	- 0.69	VXRT
AVRO	- 0.67	OCEA
CWBR	- 0.6	VXRT
ENVB	- 0.44	CWBR

Risk-Adjusted Indicators

There is a big difference between Ocugen Stock performing well and Ocugen 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 Ocugen'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
VXRT	2.82	(0.70)	0.00	(0.83)	0.00	0.00	4.88	(7.37)	20.06
NVAX	3.77	(0.34)	0.00	(0.29)	0.00	0.00	9.89	(7.08)	38.60
CWBR	7.34	2.28	0.33	1.63	5.34	(11.19)	5.73	(5.59)	250.97
RAIN	4.26	(0.55)	0.00	1.04	0.00	0.00	4.89	(6.14)	98.38
OCEA	3.57	(0.57)	0.00	(1.48)	0.00	0.00	7.46	(6.93)	28.33
ELEV	3.51	(0.58)	0.00	(0.16)	0.00	0.00	5.77	(8.22)	22.21
AVRO	1.77	0.19	0.01	(0.39)	1.89	(2.24)	4.11	(3.17)	14.20
ZURA	4.07	(0.36)	0.00	(0.05)	0.00	0.00	8.08	(7.94)	30.69
ENVB	3.22	(0.71)	0.00	(4.63)	0.00	0.00	6.25	(7.50)	28.33

Ocugen Corporate Management

Durgaprasad Annavajjula	Head VP	Profile
CPA CPA	Sr Officer	Profile
CMA CPA	Chief Officer	Profile
Michael Shine	VP Commercial	Profile
Michael MBA	Senior Commercial	Profile
Arun Upadhyay	Chief Development	Profile

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