OptiNose Correlations

OPTN Stock

USD 0.40 0.03 8.11%

The current 90-days correlation between OptiNose and Procaps Group SA is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as OptiNose moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OptiNose moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

OptiNose Correlation With Market

Significant diversification

The correlation between OptiNose 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 OptiNose 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 OptiNose. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with OptiNose Stock

0.87	DRRX	Durect	Pair Corr
0.77	ACB	Aurora Cannabis	Pair Corr
0.68	CGC	Canopy Growth Corp	Pair Corr
0.73	OGI	OrganiGram Holdings Fiscal Year End 17th of December 2024	Pair Corr
0.84	RDY	Dr Reddys Laboratories	Pair Corr
0.77	TAK	Takeda Pharmaceutical	Pair Corr
0.75	UPC	Universe Pharmaceuticals	Pair Corr
0.65	YCBD	cbdMD Inc	Pair Corr
0.86	INCR	INC Research Holdings	Pair Corr
0.7	IRWD	Ironwood Pharmaceuticals Downward Rally	Pair Corr

Moving against OptiNose Stock

0.82	ETON	Eton Pharmaceuticals	Pair Corr
0.69	BHC	Bausch Health Companies	Pair Corr
0.64	EVO	Evotec SE ADR	Pair Corr
0.54	ESPR	Esperion Therapeutics	Pair Corr
0.52	VTRS	Viatris	Pair Corr
0.47	PBH	Prestige Brand Holdings	Pair Corr
0.45	DVAX	Dynavax Technologies	Pair Corr
0.35	FLGC	Flora Growth Corp	Pair Corr
0.69	LFCR	Lifecore Biomedical Downward Rally	Pair Corr
0.52	ITCI	Intracellular Th	Pair Corr
0.32	IXHL	Incannex Healthcare	Pair Corr
0.31	KMDA	Kamada	Pair Corr

Related Correlations Analysis

	COLL	PAHC	ANIP	PROC	SSIC	LFCR	KMDA	SHPH	CPIX	IRWD
COLL		-0.55	0.3	0.88	-0.25	-0.83	-0.77	0.32	0.72	0.33	COLL
PAHC	-0.55		-0.17	-0.5	-0.26	0.6	0.38	-0.62	-0.59	-0.32	PAHC
ANIP	0.3	-0.17		0.22	0.2	-0.26	0.11	0.5	0.49	0.69	ANIP
PROC	0.88	-0.5	0.22		-0.45	-0.78	-0.68	0.33	0.63	0.27	PROC
SSIC	-0.25	-0.26	0.2	-0.45		0.16	0.32	0.21	0.07	0.2	SSIC
LFCR	-0.83	0.6	-0.26	-0.78	0.16		0.73	-0.49	-0.76	-0.32	LFCR
KMDA	-0.77	0.38	0.11	-0.68	0.32	0.73		-0.03	-0.5	0.15	KMDA
SHPH	0.32	-0.62	0.5	0.33	0.21	-0.49	-0.03		0.43	0.49	SHPH
CPIX	0.72	-0.59	0.49	0.63	0.07	-0.76	-0.5	0.43		0.61	CPIX
IRWD	0.33	-0.32	0.69	0.27	0.2	-0.32	0.15	0.49	0.61		IRWD
	COLL	PAHC	ANIP	PROC	SSIC	LFCR	KMDA	SHPH	CPIX	IRWD

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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

PROC	+ 0.88	COLL
KMDA	+ 0.73	LFCR
CPIX	+ 0.72	COLL
IRWD	+ 0.69	ANIP
CPIX	+ 0.63	PROC
IRWD	+ 0.61	CPIX

High negative correlations

LFCR	- 0.83	COLL
LFCR	- 0.78	PROC
KMDA	- 0.77	COLL
CPIX	- 0.76	LFCR
KMDA	- 0.68	PROC
SHPH	- 0.62	PAHC

Risk-Adjusted Indicators

There is a big difference between OptiNose Stock performing well and OptiNose 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 OptiNose'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
COLL	1.85	(0.31)	0.00	207.90	0.00	0.00	3.23	(4.47)	12.29
PAHC	1.82	0.22	0.06	(1.79)	1.72	(2.09)	3.86	(2.45)	9.05
ANIP	1.82	(0.17)	0.00	3.27	0.00	0.00	3.70	(3.75)	10.82
PROC	5.89	(0.07)	0.00	0.17	0.00	0.00	8.74	(12.37)	63.61
SSIC	1.23	0.29	0.18	0.70	0.88	(1.62)	3.36	(1.54)	8.15
LFCR	4.06	0.34	0.03	(3.80)	6.52	(4.05)	9.76	(6.68)	25.69
KMDA	1.23	0.06	(0.03)	(0.24)	1.58	(1.46)	3.04	(2.82)	7.43
SHPH	5.61	(1.25)	0.00	5.55	0.00	0.00	10.08	(13.02)	50.96
CPIX	1.82	(0.37)	0.00	(2.82)	0.00	0.00	3.51	(4.69)	10.64
IRWD	3.31	(0.48)	0.00	0.70	0.00	0.00	6.62	(7.54)	20.41

OptiNose Corporate Management

Anthony Krick	Vice Officer	Profile
Michele MBA	VP CFO	Profile
Terence Kohler	Chief Officer	Profile
Paul Spence	Chief Officer	Profile
John Messina	Sr Affairs	Profile
Karen Brophy	Chief Resources	Profile

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