Oncotelic Therapeutics Correlations
| OTLCDelisted Stock | USD 0.02 0 6.38% |
The correlation of Oncotelic Therapeutics 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.
Oncotelic Therapeutics Correlation With Market
Very good diversification
The correlation between Oncotelic Therapeutics and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oncotelic Therapeutics and DJI in the same portfolio, assuming nothing else is changed.
Oncotelic |
The ability to find closely correlated positions to Oncotelic Therapeutics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oncotelic Therapeutics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oncotelic Therapeutics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oncotelic Therapeutics to buy it.
Moving together with Oncotelic OTC Stock
| 0.68 | DRMA | Dermata Therapeutics | PairCorr |
| 0.8 | DTIL | Precision BioSciences | PairCorr |
| 0.83 | VINC | Vincerx Pharma | PairCorr |
| 0.68 | VIRX | Viracta Therapeutics | PairCorr |
| 0.64 | DWTX | Dogwood Therapeutics, Symbol Change | PairCorr |
| 0.82 | VRCA | Verrica Pharmaceuticals | PairCorr |
| 0.73 | CDTTW | Conduit Pharmaceuticals | PairCorr |
| 0.65 | VTGN | VistaGen Therapeutics | PairCorr |
| 0.75 | EDSA | Edesa Biotech Fiscal Year End 20th of December 2024 | PairCorr |
| 0.78 | VXRT | Vaxart Inc | PairCorr |
| 0.84 | ELAB | Elevai Labs, Common | PairCorr |
| 0.74 | EMMA | Emmaus Life Sciences | PairCorr |
Moving against Oncotelic OTC Stock
| 0.73 | VCYT | Veracyte | PairCorr |
| 0.72 | DRUG | Bright Minds Biosciences | PairCorr |
| 0.68 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.62 | VERA | Vera Therapeutics | PairCorr |
| 0.55 | VAXX | Vaxxinity | PairCorr |
| 0.35 | DSGN | Design Therapeutics Potential Growth | PairCorr |
| 0.85 | VRNA | Verona Pharma PLC | PairCorr |
| 0.82 | VSTM | Verastem | PairCorr |
| 0.76 | VYNE | Vyne Therapeutics | PairCorr |
| 0.71 | ELVN | Enliven Therapeutics | PairCorr |
| 0.68 | ELDN | Eledon Pharmaceuticals | PairCorr |
| 0.61 | ENGN | enGene Holdings Common | PairCorr |
| 0.56 | ENTO | Entero Therapeutics, Symbol Change | PairCorr |
| 0.48 | ELTX | Elicio Therapeutics | PairCorr |
| 0.41 | ENSC | Ensysce Biosciences | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Oncotelic OTC Stock performing well and Oncotelic Therapeutics OTC Stock 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 Oncotelic Therapeutics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CRPOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PHASQ | 387.18 | 220.57 | 3.84 | (1.19) | 38.07 | 200.00 | 12,449 | |||
| PCSA | 2.76 | (0.66) | 0.00 | (0.47) | 0.00 | 6.20 | 20.99 | |||
| KLDO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APTCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CMVLF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CHNXF | 3.19 | (1.70) | 0.00 | 5.24 | 0.00 | 0.00 | 48.28 | |||
| BITRF | 3.23 | (1.23) | 0.00 | (0.51) | 0.00 | 1.34 | 62.53 | |||
| BIOAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBIO | 6.92 | 0.77 | 0.07 | 0.62 | 8.14 | 21.35 | 76.58 |
View Oncotelic Therapeutics Related Equities
| Risk & Return | Correlation |
Oncotelic Therapeutics Corporate Management
Elected by the shareholders, the Oncotelic Therapeutics' board of directors comprises two types of representatives: Oncotelic Therapeutics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Oncotelic. The board's role is to monitor Oncotelic Therapeutics' management team and ensure that shareholders' interests are well served. Oncotelic Therapeutics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Oncotelic Therapeutics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vuong Trieu | Chairman CEO | Profile | |
| Seymour MD | Chief Officer | Profile | |
| Larn Hwang | Chief Officer | Profile | |
| Chulho Park | Consultant | Profile | |
| Burcak Beser | CTO Division | Profile | |
| III BA | Chief Director | Profile | |
| Amit Shah | Chief Officer | Profile |
Still Interested in Oncotelic Therapeutics?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.