Painreform Correlations

PRFX Stock

USD 2.85 0.12 4.04%

The current 90-days correlation between Painreform and Universe Pharmaceuticals is -0.01 (i.e., Good diversification). The correlation of Painreform 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Painreform Correlation With Market

Good diversification

The correlation between Painreform and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Painreform 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 Painreform. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

For more information on how to buy Painreform Stock please use our How to Invest in Painreform guide.

Moving together with Painreform Stock

0.69	VALN	Valneva SE ADR	Pair Corr
0.82	BACK	IMAC Holdings	Pair Corr
0.69	EC	Ecopetrol SA ADR	Pair Corr

Moving against Painreform Stock

0.5	KZR	Kezar Life Sciences	Pair Corr
0.46	MLYS	Mineralys Therapeutics,	Pair Corr
0.37	NXGLW	NexGel Warrant	Pair Corr
0.74	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.7	T	ATT Inc Sell-off Trend	Pair Corr
0.67	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.61	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.6	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.57	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.56	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.55	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.48	HPQ	HP Inc	Pair Corr
0.38	VFS	VinFast Auto Earnings Call Today	Pair Corr
0.38	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.33	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	QLI	RGC	PROC	JUPW	UPC	VRTHF	EGRX	SGBI	FLGC	CLVR
QLI		-0.31	-0.43	0.02	-0.78	0.0	-0.86	0.0	0.47	0.05	QLI
RGC	-0.31		-0.14	0.37	0.49	0.0	0.24	0.0	-0.45	0.02	RGC
PROC	-0.43	-0.14		-0.53	0.24	0.0	0.42	0.0	0.22	0.04	PROC
JUPW	0.02	0.37	-0.53		0.34	0.0	-0.09	0.0	-0.64	-0.3	JUPW
UPC	-0.78	0.49	0.24	0.34		0.0	0.73	0.0	-0.63	-0.11	UPC
VRTHF	0.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	VRTHF
EGRX	-0.86	0.24	0.42	-0.09	0.73	0.0		0.0	-0.51	-0.1	EGRX
SGBI	0.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	SGBI
FLGC	0.47	-0.45	0.22	-0.64	-0.63	0.0	-0.51	0.0		0.39	FLGC
CLVR	0.05	0.02	0.04	-0.3	-0.11	0.0	-0.1	0.0	0.39		CLVR
	QLI	RGC	PROC	JUPW	UPC	VRTHF	EGRX	SGBI	FLGC	CLVR

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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

SGBI	+ 1.0	VRTHF
EGRX	+ 0.73	UPC
UPC	+ 0.49	RGC
FLGC	+ 0.47	QLI
EGRX	+ 0.42	PROC
CLVR	+ 0.39	FLGC

High negative correlations

EGRX	- 0.86	QLI
UPC	- 0.78	QLI
FLGC	- 0.64	JUPW
FLGC	- 0.63	UPC
JUPW	- 0.53	PROC
FLGC	- 0.51	EGRX

Risk-Adjusted Indicators

There is a big difference between Painreform Stock performing well and Painreform 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 Painreform'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
QLI	7.17	1.80	0.20	(2.00)	6.62	(10.37)	19.23	(12.37)	61.58
RGC	6.17	(0.01)	0.00	0.13	0.00	0.00	22.58	(10.93)	43.32
PROC	6.65	(0.29)	0.00	0.04	7.93	(11.69)	10.56	(13.11)	111.85
JUPW	4.58	0.58	0.05	(0.31)	4.91	(6.24)	8.57	(9.62)	61.38
UPC	7.65	(3.70)	0.00	(79.75)	0.00	0.00	12.27	(16.26)	73.25
VRTHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGRX	3.94	(1.07)	0.00	1.10	0.00	0.00	9.24	(8.24)	53.71
SGBI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLGC	6.24	0.90	0.11	(29.32)	6.30	(7.76)	15.69	(10.81)	51.90
CLVR	9,945	5,818	0.00	(0.78)	0.00	0.00	0.00	(33.33)	333,333

Painreform Corporate Management

Sigal Aviel	Chief Officer	Profile
Rita Keynan	Vice Operations	Profile
MBA MBA	CEO CFO	Profile
Pr Hazum	CTO Director	Profile
Stephen DMD	Executive Development	Profile

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