Scynexis Correlations

SCYX Stock

USD 1.20 0.01 0.84%

The current 90-days correlation between Scynexis and Eagle Pharmaceuticals is -0.08 (i.e., Good diversification). The correlation of Scynexis 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.

Scynexis Correlation With Market

Modest diversification

The correlation between Scynexis and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scynexis and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scynexis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

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

Moving together with Scynexis Stock

0.68	ME	23Andme Holding	Pair Corr
0.65	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.8	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.7	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	INZY	Inozyme Pharma	Pair Corr
0.72	IPSC	Century Therapeutics	Pair Corr
0.72	CINGW	Cingulate Warrants	Pair Corr

Moving against Scynexis Stock

0.65	BMY	Bristol Myers Squibb Sell-off Trend	Pair Corr
0.48	GILD	Gilead Sciences	Pair Corr
0.67	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.63	MNPR	Monopar Therapeutics	Pair Corr
0.59	RVMD	Revolution Medicines	Pair Corr
0.55	RNXT	RenovoRx	Pair Corr
0.54	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.39	AKRO	Akero Therapeutics	Pair Corr

Related Correlations Analysis

	BFRI	GHSI	SHPH	AKAN	CPHI	EGRX	PAHC	SSIC	PCRX	TKNO
BFRI		-0.32	0.57	0.66	0.0	0.47	-0.66	-0.41	-0.76	-0.64	BFRI
GHSI	-0.32		-0.15	-0.27	0.7	-0.28	0.4	-0.49	0.52	0.46	GHSI
SHPH	0.57	-0.15		0.58	-0.1	0.68	-0.65	-0.35	-0.48	-0.4	SHPH
AKAN	0.66	-0.27	0.58		0.0	0.75	-0.74	-0.45	-0.75	-0.82	AKAN
CPHI	0.0	0.7	-0.1	0.0		-0.22	0.19	-0.68	0.25	0.19	CPHI
EGRX	0.47	-0.28	0.68	0.75	-0.22		-0.63	-0.29	-0.62	-0.62	EGRX
PAHC	-0.66	0.4	-0.65	-0.74	0.19	-0.63		0.3	0.73	0.76	PAHC
SSIC	-0.41	-0.49	-0.35	-0.45	-0.68	-0.29	0.3		0.22	0.26	SSIC
PCRX	-0.76	0.52	-0.48	-0.75	0.25	-0.62	0.73	0.22		0.87	PCRX
TKNO	-0.64	0.46	-0.4	-0.82	0.19	-0.62	0.76	0.26	0.87		TKNO
	BFRI	GHSI	SHPH	AKAN	CPHI	EGRX	PAHC	SSIC	PCRX	TKNO

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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

TKNO	+ 0.87	PCRX
TKNO	+ 0.76	PAHC
EGRX	+ 0.75	AKAN
PCRX	+ 0.73	PAHC
CPHI	+ 0.7	GHSI
EGRX	+ 0.68	SHPH

High negative correlations

TKNO	- 0.82	AKAN
PCRX	- 0.76	BFRI
PCRX	- 0.75	AKAN
PAHC	- 0.74	AKAN
SSIC	- 0.68	CPHI
PAHC	- 0.66	BFRI

Risk-Adjusted Indicators

There is a big difference between Scynexis Stock performing well and Scynexis 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 Scynexis' 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
BFRI	6.10	0.05	0.00	0.10	0.00	0.00	14.63	(11.70)	46.72
GHSI	5.47	0.68	0.06	(6.47)	8.11	(7.10)	18.66	(7.94)	101.05
SHPH	5.63	(1.03)	0.00	17.64	0.00	0.00	10.08	(13.02)	50.96
AKAN	3.32	(1.08)	0.00	(0.62)	0.00	0.00	4.55	(7.22)	22.55
CPHI	4.16	0.12	(0.02)	0.00	4.85	(9.17)	9.09	(11.11)	43.71
EGRX	3.94	(1.12)	0.00	1.87	0.00	0.00	9.24	(8.24)	53.71
PAHC	1.96	0.16	0.13	0.21	1.62	(2.30)	5.36	(2.45)	15.47
SSIC	1.09	0.12	0.02	0.60	1.04	(1.35)	2.89	(1.82)	7.09
PCRX	1.90	0.22	0.11	0.32	1.95	(2.10)	3.96	(3.21)	10.38
TKNO	4.64	0.57	0.12	0.44	5.10	(5.15)	12.84	(8.91)	32.06

Scynexis Corporate Management

Debbie Etchison	Executive Communications	Profile
Scott JD	Chief Secretary	Profile
Marco MD	Pres CEO	Profile
Daniella Gigante	Vice Technology	Profile
Christine MBA	Chief Officer	Profile
David MD	Chief Officer	Profile

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