Shuttle Pharmaceuticals Correlations

SHPH Stock

USD 0.87 0.01 1.14%

The current 90-days correlation between Shuttle Pharmaceuticals and Mallinckrodt Plc is 0.03 (i.e., Significant diversification). The correlation of Shuttle Pharmaceuticals 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.

Shuttle Pharmaceuticals Correlation With Market

Good diversification

The correlation between Shuttle Pharmaceuticals and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shuttle Pharmaceuticals 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 Shuttle Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Shuttle Stock please use our How to Invest in Shuttle Pharmaceuticals guide.

Moving together with Shuttle Stock

0.85	VALN	Valneva SE ADR	Pair Corr
0.66	MDWD	Mediwound	Pair Corr
0.64	NKTX	Nkarta Inc	Pair Corr
0.68	AGL	agilon health Buyout Trend	Pair Corr
0.79	BACK	IMAC Holdings	Pair Corr
0.66	CYRX	Cryoport	Pair Corr
0.61	EC	Ecopetrol SA ADR	Pair Corr

Moving against Shuttle Stock

0.55	KZR	Kezar Life Sciences	Pair Corr
0.39	RNXT	RenovoRx	Pair Corr
0.36	MLYS	Mineralys Therapeutics,	Pair Corr
0.83	HD	Home Depot	Pair Corr
0.77	T	ATT Inc Aggressive Push	Pair Corr
0.73	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.73	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.67	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.62	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.6	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.56	HPQ	HP Inc	Pair Corr
0.55	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.52	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.48	VFS	VinFast Auto Earnings Call Tomorrow	Pair Corr
0.42	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.39	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	LFCR	CTLT	LSDI	TLRY	MNK	ORGO	ALIM	DERM	AKAN	ATNX
LFCR		-0.61	-0.39	-0.59	-0.53	0.75	0.19	-0.07	-0.74	-0.41	LFCR
CTLT	-0.61		0.17	0.17	0.26	-0.26	-0.06	0.18	0.54	0.13	CTLT
LSDI	-0.39	0.17		0.52	0.81	-0.46	-0.61	-0.73	0.69	0.94	LSDI
TLRY	-0.59	0.17	0.52		0.59	-0.82	-0.34	-0.1	0.77	0.51	TLRY
MNK	-0.53	0.26	0.81	0.59		-0.58	-0.64	-0.56	0.76	0.88	MNK
ORGO	0.75	-0.26	-0.46	-0.82	-0.58		0.14	0.05	-0.7	-0.5	ORGO
ALIM	0.19	-0.06	-0.61	-0.34	-0.64	0.14		0.41	-0.46	-0.6	ALIM
DERM	-0.07	0.18	-0.73	-0.1	-0.56	0.05	0.41		-0.22	-0.71	DERM
AKAN	-0.74	0.54	0.69	0.77	0.76	-0.7	-0.46	-0.22		0.68	AKAN
ATNX	-0.41	0.13	0.94	0.51	0.88	-0.5	-0.6	-0.71	0.68		ATNX
	LFCR	CTLT	LSDI	TLRY	MNK	ORGO	ALIM	DERM	AKAN	ATNX

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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

ATNX	+ 0.94	LSDI
ATNX	+ 0.88	MNK
MNK	+ 0.81	LSDI
AKAN	+ 0.77	TLRY
AKAN	+ 0.76	MNK
ORGO	+ 0.75	LFCR

High negative correlations

ORGO	- 0.82	TLRY
AKAN	- 0.74	LFCR
DERM	- 0.73	LSDI
ATNX	- 0.71	DERM
AKAN	- 0.7	ORGO
ALIM	- 0.64	MNK

Risk-Adjusted Indicators

There is a big difference between Shuttle Stock performing well and Shuttle Pharmaceuticals 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 Shuttle Pharmaceuticals' 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
LFCR	4.14	0.38	0.06	0.38	6.50	(4.14)	9.76	(6.68)	30.90
CTLT	0.44	(0.02)	(0.19)	0.08	0.35	(0.51)	1.12	(0.65)	3.36
LSDI	298.43	147.97	3.23	5.56	27.98	(972.40)	550.00	(81.82)	3,998
TLRY	2.26	(0.42)	0.00	1.18	0.00	0.00	4.94	(4.55)	21.22
MNK	16.59	1.90	0.10	(0.64)	13.99	(33.75)	12.50	(30.95)	504.19
ORGO	3.16	0.37	0.15	0.26	3.22	(3.66)	7.55	(5.54)	37.89
ALIM	2.74	1.28	0.64	(57.68)	0.37	(4.03)	3.28	(0.72)	82.36
DERM	3.17	0.17	0.05	0.24	3.81	(3.52)	7.30	(6.06)	22.80
AKAN	3.32	(1.08)	0.00	(0.62)	0.00	0.00	4.55	(7.22)	22.55
ATNX	13.35	(3.60)	0.00	1.39	0.00	0.00	25.00	(35.00)	143.13

Shuttle Pharmaceuticals Corporate Management

Michael Starkweather	VP Devel	Profile
CSC MD	Chief CoFounder	Profile
Timothy CPA	Chief Officer	Profile
Gene Esq	General Counsel	Profile
Mira Jung	CoFounder Biology	Profile
Tyvin MD	Chief Officer	Profile

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