OptiNose Correlations

OPTN Stock

USD 5.31 0.31 5.52%

The current 90-days correlation between OptiNose and Procaps Group SA is 0.07 (i.e., Significant 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

0.86	VANI	Vivani Medical	Pair Corr
0.72	DNLI	Denali Therapeutics Sell-off Trend	Pair Corr
0.8	VERA	Vera Therapeutics	Pair Corr
0.73	DSGN	Design Therapeutics	Pair Corr
0.64	VINC	Vincerx Pharma	Pair Corr
0.84	VKTX	Viking Therapeutics	Pair Corr
0.81	VRCA	Verrica Pharmaceuticals	Pair Corr
0.64	VRDN	Viridian Therapeutics	Pair Corr
0.72	VTRS	Viatris	Pair Corr
0.81	VTYX	Ventyx Biosciences	Pair Corr

Moving against OptiNose Stock

0.6	VALN	Valneva SE ADR	Pair Corr
0.44	SRZNW	Surrozen Warrant	Pair Corr
0.42	DMAC	DiaMedica Therapeutics	Pair Corr
0.31	CDIOW	Cardio Diagnostics	Pair Corr
0.7	VRNA	Verona Pharma PLC	Pair Corr
0.57	ELTX	Elicio Therapeutics	Pair Corr
0.42	ENTX	Entera Bio	Pair Corr

Related Correlations Analysis

	COLL	PAHC	ANIP	PROC	SSIC	LFCR	KMDA	SHPH	CPIX	IRWD
COLL		-0.26	0.21	-0.04	0.0	-0.15	0.25	0.56	-0.36	0.23	COLL
PAHC	-0.26		0.54	-0.33	0.0	-0.12	0.25	-0.48	0.42	-0.57	PAHC
ANIP	0.21	0.54		-0.57	0.0	-0.42	0.43	-0.16	0.39	-0.56	ANIP
PROC	-0.04	-0.33	-0.57		0.0	0.69	-0.59	0.19	-0.55	0.71	PROC
SSIC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SSIC
LFCR	-0.15	-0.12	-0.42	0.69	0.0		-0.83	0.33	-0.74	0.7	LFCR
KMDA	0.25	0.25	0.43	-0.59	0.0	-0.83		-0.14	0.67	-0.58	KMDA
SHPH	0.56	-0.48	-0.16	0.19	0.0	0.33	-0.14		-0.68	0.7	SHPH
CPIX	-0.36	0.42	0.39	-0.55	0.0	-0.74	0.67	-0.68		-0.81	CPIX
IRWD	0.23	-0.57	-0.56	0.71	0.0	0.7	-0.58	0.7	-0.81		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

IRWD	+ 0.71	PROC
IRWD	+ 0.7	LFCR
IRWD	+ 0.7	SHPH
LFCR	+ 0.69	PROC
CPIX	+ 0.67	KMDA
SHPH	+ 0.56	COLL

High negative correlations

KMDA	- 0.83	LFCR
IRWD	- 0.81	CPIX
CPIX	- 0.74	LFCR
CPIX	- 0.68	SHPH
KMDA	- 0.59	PROC
IRWD	- 0.58	KMDA

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	1.74	(0.08)	0.00	(0.21)	0.00	0.00	3.07	(3.32)	18.67
PAHC	1.98	(0.01)	0.04	(0.06)	2.69	(2.15)	3.87	(5.07)	17.07
ANIP	1.58	0.14	0.06	0.06	1.96	(1.70)	2.64	(3.64)	18.94
PROC	8.49	0.31	0.04	(0.30)	10.76	(10.79)	29.70	(18.67)	90.15
SSIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LFCR	2.95	(0.30)	0.00	(11.51)	0.00	0.00	6.59	(7.10)	28.39
KMDA	2.02	0.25	0.12	0.57	2.16	(2.25)	6.36	(3.96)	15.25
SHPH	4.19	(0.53)	0.00	(0.58)	0.00	0.00	11.36	(7.50)	22.34
CPIX	9.74	3.90	0.58	4.47	5.11	(13.96)	28.42	(10.76)	113.07
IRWD	4.16	(0.86)	0.00	(0.53)	0.00	0.00	6.21	(10.26)	54.21

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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