PolyPid Correlations

PYPD Stock

USD 4.34 0.07 1.59%

The current 90-days correlation between PolyPid and Annovis Bio is -0.12 (i.e., Good diversification). The correlation of PolyPid 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.

PolyPid Correlation With Market

Modest diversification

The correlation between PolyPid and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PolyPid and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PolyPid Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PolyPid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

For information on how to trade PolyPid Stock refer to our How to Trade PolyPid Stock guide.

Moving together with PolyPid Stock

0.65	BOF	BranchOut Food Common	Pair Corr
0.93	ATI	Allegheny Technologies	Pair Corr
0.67	WSFS	WSFS Financial	Pair Corr
0.86	ACR-PC	ACRES Commercial Realty	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.79	F	Ford Motor	Pair Corr
0.65	ASXSF	Elysee Development Corp	Pair Corr
0.74	AXP	American Express	Pair Corr
0.8	DD	Dupont De Nemours	Pair Corr
0.87	BAC	Bank of America	Pair Corr
0.83	JPM	JPMorgan Chase	Pair Corr
0.63	JNJ	Johnson Johnson Earnings Call This Week	Pair Corr
0.81	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Moving against PolyPid Stock

0.9	LIPO	Lipella Pharmaceuticals	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.46	HD	Home Depot	Pair Corr

Related Correlations Analysis

	ANVS	RVPH	BCAB	EVAX	CELU	MAIA	VERU	ATNM	BTAI	PDSB
ANVS		-0.13	0.04	-0.44	-0.33	0.01	-0.67	0.03	-0.3	-0.34	ANVS
RVPH	-0.13		0.48	0.48	0.67	-0.33	0.37	0.23	0.5	0.21	RVPH
BCAB	0.04	0.48		0.14	0.43	-0.61	0.09	0.16	0.07	-0.47	BCAB
EVAX	-0.44	0.48	0.14		0.55	0.05	0.67	0.17	0.68	0.39	EVAX
CELU	-0.33	0.67	0.43	0.55		-0.29	0.68	0.02	0.73	0.06	CELU
MAIA	0.01	-0.33	-0.61	0.05	-0.29		0.22	0.33	0.29	0.54	MAIA
VERU	-0.67	0.37	0.09	0.67	0.68	0.22		0.32	0.8	0.39	VERU
ATNM	0.03	0.23	0.16	0.17	0.02	0.33	0.32		0.29	0.16	ATNM
BTAI	-0.3	0.5	0.07	0.68	0.73	0.29	0.8	0.29		0.44	BTAI
PDSB	-0.34	0.21	-0.47	0.39	0.06	0.54	0.39	0.16	0.44		PDSB
	ANVS	RVPH	BCAB	EVAX	CELU	MAIA	VERU	ATNM	BTAI	PDSB

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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

BTAI	+ 0.8	VERU
BTAI	+ 0.73	CELU
BTAI	+ 0.68	EVAX
VERU	+ 0.68	CELU
CELU	+ 0.67	RVPH
VERU	+ 0.67	EVAX

High negative correlations

VERU	- 0.67	ANVS
MAIA	- 0.61	BCAB
PDSB	- 0.47	BCAB
EVAX	- 0.44	ANVS
PDSB	- 0.34	ANVS
MAIA	- 0.33	RVPH

Risk-Adjusted Indicators

There is a big difference between PolyPid Stock performing well and PolyPid 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 PolyPid'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
ANVS	5.62	0.98	0.10	(0.51)	6.39	(6.41)	14.79	(9.57)	41.06
RVPH	6.64	(0.57)	0.00	(0.32)	0.00	0.00	10.71	(13.24)	75.31
BCAB	7.14	(0.65)	0.00	0.37	0.00	0.00	15.28	(18.87)	54.11
EVAX	5.94	0.08	0.01	0.21	8.24	(6.31)	10.60	(12.81)	69.70
CELU	3.76	(0.71)	0.00	(0.32)	0.00	0.00	10.29	(8.97)	26.97
MAIA	5.06	0.05	0.03	0.13	5.89	(5.39)	9.76	(8.28)	35.91
VERU	3.30	(0.95)	0.00	(0.30)	0.00	0.00	6.07	(8.61)	21.79
ATNM	3.42	(0.23)	0.00	(0.06)	0.00	0.00	8.05	(5.81)	25.17
BTAI	4.10	(0.28)	0.00	(0.62)	0.00	0.00	8.90	(8.21)	21.49
PDSB	4.06	(0.10)	0.02	0.07	4.54	(4.82)	8.60	(8.41)	27.78

PolyPid Corporate Management

Ori Warshavsky	Chief US	Profile
MD MBA	Chief Officer	Profile
Dikla Akselbrad	Chief Officer	Profile
Malka Reichart	Scientific Director	Profile
Rivi Levari	Vice Resource	Profile
Orna Blum	Legal Counsel	Profile
JeanMarc PharmD	Chief Officer	Profile

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