SIGA Technologies Correlations

SIGA Stock

USD 6.27 0.02 0.32%

The current 90-days correlation between SIGA Technologies and Esperion Therapeutics is -0.01 (i.e., Good diversification). The correlation of SIGA Technologies 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.

SIGA Technologies Correlation With Market

Very weak diversification

The correlation between SIGA Technologies and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIGA Technologies 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 SIGA Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving together with SIGA Stock

0.81	VALN	Valneva SE ADR Downward Rally	Pair Corr
0.73	VCNX	Vaccinex	Pair Corr
0.65	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.82	GMAB	Genmab AS	Pair Corr
0.73	IPSC	Century Therapeutics	Pair Corr
0.8	KRYS	Krystal Biotech	Pair Corr
0.75	LEGN	Legend Biotech Corp	Pair Corr
0.87	LYRA	Lyra Therapeutics	Pair Corr
0.7	MDWD	Mediwound	Pair Corr
0.69	NKTX	Nkarta Inc	Pair Corr
0.67	NUVB	Nuvation Bio	Pair Corr

Moving against SIGA Stock

0.7	BMY	Bristol Myers Squibb	Pair Corr
0.64	VRDN	Viridian Therapeutics	Pair Corr
0.64	EWTX	Edgewise Therapeutics	Pair Corr
0.64	GILD	Gilead Sciences	Pair Corr
0.61	KZR	Kezar Life Sciences	Pair Corr
0.56	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.52	MNPR	Monopar Therapeutics	Pair Corr
0.51	RVMD	Revolution Medicines	Pair Corr
0.44	AKRO	Akero Therapeutics	Pair Corr
0.42	SRZN	Surrozen	Pair Corr
0.41	MLYS	Mineralys Therapeutics, Downward Rally	Pair Corr
0.4	PCVX	Vaxcyte	Pair Corr
0.4	BGNE	BeiGene	Pair Corr

Related Correlations Analysis

	ELAN	INVVY	ESPR	CTLT	CPHI	HCANF	ALIM	SXTC	PTPI	SHPH
ELAN		-0.58	-0.52	0.56	-0.49	0.0	-0.41	0.37	-0.03	0.4	ELAN
INVVY	-0.58		0.32	0.02	0.46	0.0	0.52	-0.24	0.1	-0.41	INVVY
ESPR	-0.52	0.32		-0.4	0.05	0.0	0.31	-0.64	-0.51	-0.52	ESPR
CTLT	0.56	0.02	-0.4		0.04	0.0	0.01	0.35	0.15	-0.02	CTLT
CPHI	-0.49	0.46	0.05	0.04		0.0	0.26	0.26	0.41	-0.24	CPHI
HCANF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HCANF
ALIM	-0.41	0.52	0.31	0.01	0.26	0.0		-0.57	-0.11	-0.6	ALIM
SXTC	0.37	-0.24	-0.64	0.35	0.26	0.0	-0.57		0.64	0.52	SXTC
PTPI	-0.03	0.1	-0.51	0.15	0.41	0.0	-0.11	0.64		0.43	PTPI
SHPH	0.4	-0.41	-0.52	-0.02	-0.24	0.0	-0.6	0.52	0.43		SHPH
	ELAN	INVVY	ESPR	CTLT	CPHI	HCANF	ALIM	SXTC	PTPI	SHPH

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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

PTPI	+ 0.64	SXTC
CTLT	+ 0.56	ELAN
ALIM	+ 0.52	INVVY
SHPH	+ 0.52	SXTC
CPHI	+ 0.46	INVVY
SHPH	+ 0.43	PTPI

High negative correlations

SXTC	- 0.64	ESPR
SHPH	- 0.6	ALIM
INVVY	- 0.58	ELAN
SXTC	- 0.57	ALIM
SHPH	- 0.52	ESPR
ESPR	- 0.52	ELAN

Risk-Adjusted Indicators

There is a big difference between SIGA Stock performing well and SIGA Technologies 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 SIGA Technologies' 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
ELAN	1.63	(0.19)	0.00	(0.25)	0.00	0.00	2.87	(3.79)	16.54
INVVY	5.45	0.39	0.04	0.71	7.43	(6.08)	13.29	(13.04)	49.59
ESPR	3.44	0.55	0.12	35.80	3.57	(4.00)	10.20	(5.83)	21.27
CTLT	0.41	(0.04)	(0.23)	(0.01)	0.42	(0.45)	0.91	(0.65)	3.36
CPHI	4.36	0.33	0.02	(0.21)	4.83	(9.22)	10.00	(11.11)	43.71
HCANF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALIM	2.74	1.60	0.65	(0.39)	0.37	(4.03)	3.28	(0.72)	82.36
SXTC	5.03	(0.94)	0.00	1.69	0.00	0.00	11.29	(9.80)	29.79
PTPI	3.80	(0.23)	0.00	0.45	0.00	0.00	6.25	(7.89)	45.54
SHPH	5.75	(0.65)	0.00	0.38	0.00	0.00	10.08	(13.02)	50.96

SIGA Technologies Corporate Management

Jay MD	Chief VP	Profile
Dennis Hruby	Chief Scientific Officer and VP	Profile
Tove Bolken	Senior Officer	Profile
Herb Vloedman	Senior Officer	Profile
III MD	CEO Director	Profile
JD Esq	General Counsel	Profile

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