Sol Gel Correlations

SLGL Stock

USD 1.65 1.22 283.72%

The current 90-days correlation between Sol Gel Technologies and MediciNova is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sol Gel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sol Gel Technologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sol Gel Correlation With Market

Average diversification

The correlation between Sol Gel Technologies and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sol Gel 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 Sol Gel 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.

Moving against Sol Stock

0.4	SABSW	SAB Biotherapeutics	Pair Corr
0.36	VANI	Vivani Medical	Pair Corr
0.33	DVAX	Dynavax Technologies	Pair Corr
0.32	VCEL	Vericel Corp Ord	Pair Corr
0.31	VERA	Vera Therapeutics	Pair Corr
0.39	VSTM	Verastem	Pair Corr
0.38	VTVT	vTv Therapeutics	Pair Corr
0.38	ELDN	Eledon Pharmaceuticals	Pair Corr
0.37	VTRS	Viatris Sell-off Trend	Pair Corr

Related Correlations Analysis

	PMVP	ELYM	MNOV	PHVS	PEPG	AVTE	ADAG	ACRV	RZLT	ANTX
PMVP		-0.45	-0.26	0.61	-0.34	0.58	0.53	0.57	0.77	0.14	PMVP
ELYM	-0.45		-0.32	-0.25	0.84	-0.82	0.11	0.13	-0.04	-0.67	ELYM
MNOV	-0.26	-0.32		-0.56	-0.37	0.19	-0.72	-0.64	-0.45	0.71	MNOV
PHVS	0.61	-0.25	-0.56		-0.12	0.36	0.76	0.65	0.58	-0.11	PHVS
PEPG	-0.34	0.84	-0.37	-0.12		-0.83	0.31	0.31	-0.01	-0.56	PEPG
AVTE	0.58	-0.82	0.19	0.36	-0.83		-0.01	-0.01	0.22	0.55	AVTE
ADAG	0.53	0.11	-0.72	0.76	0.31	-0.01		0.8	0.66	-0.38	ADAG
ACRV	0.57	0.13	-0.64	0.65	0.31	-0.01	0.8		0.62	-0.34	ACRV
RZLT	0.77	-0.04	-0.45	0.58	-0.01	0.22	0.66	0.62		-0.23	RZLT
ANTX	0.14	-0.67	0.71	-0.11	-0.56	0.55	-0.38	-0.34	-0.23		ANTX
	PMVP	ELYM	MNOV	PHVS	PEPG	AVTE	ADAG	ACRV	RZLT	ANTX

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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

PEPG	+ 0.84	ELYM
ACRV	+ 0.8	ADAG
RZLT	+ 0.77	PMVP
ADAG	+ 0.76	PHVS
ANTX	+ 0.71	MNOV
RZLT	+ 0.66	ADAG

High negative correlations

AVTE	- 0.83	PEPG
AVTE	- 0.82	ELYM
ADAG	- 0.72	MNOV
ANTX	- 0.67	ELYM
ACRV	- 0.64	MNOV
ANTX	- 0.56	PEPG

Risk-Adjusted Indicators

There is a big difference between Sol Stock performing well and Sol Gel 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 Sol Gel'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
PMVP	1.68	0.02	0.00	0.13	2.14	(2.17)	4.35	(4.57)	13.98
ELYM	3.62	(1.06)	0.00	1.22	0.00	0.00	6.00	(9.35)	22.16
MNOV	3.66	0.41	0.08	(0.25)	3.74	(5.02)	9.57	(6.44)	61.30
PHVS	2.80	0.03	0.00	(0.16)	3.80	(3.22)	6.79	(6.64)	23.21
PEPG	4.00	(1.17)	0.00	(2.03)	0.00	0.00	6.70	(9.30)	29.46
AVTE	2.31	0.50	0.20	5.01	1.87	(3.32)	5.58	(3.31)	19.11
ADAG	3.84	(0.08)	0.00	0.88	0.00	0.00	7.34	(8.33)	41.45
ACRV	2.59	(0.24)	0.00	(0.12)	0.00	0.00	4.83	(7.21)	19.02
RZLT	2.64	(0.17)	0.00	(0.43)	0.00	0.00	5.54	(5.71)	16.29
ANTX	2.78	0.50	0.17	0.62	2.20	(4.92)	8.94	(4.72)	28.89

Sol Gel Corporate Management

Tamar Jutkowitz	VP Counsel	Profile
Gilad Mamlok	Chief Officer	Profile
Pr Avnir	CoFounder	Profile
Moshe Arkin	Executive Board	Profile

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