Soleno Therapeutics Correlations

SLNO Stock

USD 46.88 0.89 1.94%

The current 90-days correlation between Soleno Therapeutics and VectivBio Holding AG is -0.1 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Soleno Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soleno Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Soleno Therapeutics Correlation With Market

Weak diversification

The correlation between Soleno Therapeutics and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soleno Therapeutics 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 Soleno Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Soleno Stock, please use our How to Invest in Soleno Therapeutics guide.

Moving together with Soleno Stock

0.88	DNLI	Denali Therapeutics	Pair Corr
0.76	DOMH	Dominari Holdings	Pair Corr
0.73	DRRX	Durect	Pair Corr
0.87	DTIL	Precision BioSciences	Pair Corr
0.87	VIGL	Vigil Neuroscience	Pair Corr
0.76	VINC	Vincerx Pharma	Pair Corr
0.82	VKTX	Viking Therapeutics	Pair Corr
0.62	VRCA	Verrica Pharmaceuticals	Pair Corr
0.79	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.82	VRPX	Virpax Pharmaceuticals	Pair Corr
0.81	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Soleno Stock

0.84	DRTS	Alpha Tau Medical	Pair Corr
0.8	CDIOW	Cardio Diagnostics	Pair Corr
0.74	DMAC	DiaMedica Therapeutics	Pair Corr
0.57	VCYT	Veracyte Potential Growth	Pair Corr
0.51	VCEL	Vericel Corp Ord	Pair Corr
0.49	SABSW	SAB Biotherapeutics	Pair Corr
0.73	VRNA	Verona Pharma PLC	Pair Corr
0.68	SRZNW	Surrozen Warrant	Pair Corr
0.65	DYAI	Dyadic International	Pair Corr
0.57	VSTM	Verastem	Pair Corr
0.35	DVAX	Dynavax Technologies	Pair Corr

Related Correlations Analysis

	ANNX	ICVX	VECT	BOLT	LYRA	PULM	CAPR	AKTX	DFFN	ONTX
ANNX		-0.84	-0.87	0.82	0.79	-0.92	0.82	0.92	0.64	0.16	ANNX
ICVX	-0.84		0.76	-0.64	-0.67	0.86	-0.66	-0.79	-0.5	0.1	ICVX
VECT	-0.87	0.76		-0.75	-0.61	0.84	-0.87	-0.86	-0.79	-0.09	VECT
BOLT	0.82	-0.64	-0.75		0.81	-0.74	0.86	0.8	0.57	0.29	BOLT
LYRA	0.79	-0.67	-0.61	0.81		-0.82	0.64	0.75	0.32	0.28	LYRA
PULM	-0.92	0.86	0.84	-0.74	-0.82		-0.71	-0.88	-0.62	-0.1	PULM
CAPR	0.82	-0.66	-0.87	0.86	0.64	-0.71		0.8	0.73	0.23	CAPR
AKTX	0.92	-0.79	-0.86	0.8	0.75	-0.88	0.8		0.69	0.15	AKTX
DFFN	0.64	-0.5	-0.79	0.57	0.32	-0.62	0.73	0.69		0.02	DFFN
ONTX	0.16	0.1	-0.09	0.29	0.28	-0.1	0.23	0.15	0.02		ONTX
	ANNX	ICVX	VECT	BOLT	LYRA	PULM	CAPR	AKTX	DFFN	ONTX

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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

AKTX	+ 0.92	ANNX
PULM	+ 0.86	ICVX
CAPR	+ 0.86	BOLT
PULM	+ 0.84	VECT
BOLT	+ 0.82	ANNX
CAPR	+ 0.82	ANNX

High negative correlations

PULM	- 0.92	ANNX
AKTX	- 0.88	PULM
CAPR	- 0.87	VECT
VECT	- 0.87	ANNX
AKTX	- 0.86	VECT
ICVX	- 0.84	ANNX

Risk-Adjusted Indicators

There is a big difference between Soleno Stock performing well and Soleno Therapeutics 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 Soleno Therapeutics' 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
ANNX	2.51	(0.80)	0.00	30.84	0.00	0.00	3.73	(6.65)	22.26
ICVX	4.87	1.00	0.19	1.83	4.56	(5.67)	10.22	(6.79)	38.57
VECT	2.63	1.12	0.59	(4.03)	0.88	(3.64)	5.61	(3.08)	39.30
BOLT	2.32	(0.28)	0.00	(5.84)	0.00	0.00	5.00	(6.45)	16.07
LYRA	4.26	(0.01)	0.00	(0.02)	6.06	(6.71)	10.53	(10.00)	40.57
PULM	5.87	2.20	0.41	(1.06)	4.12	(8.05)	16.69	(5.88)	92.85
CAPR	4.08	(0.40)	0.00	(0.38)	0.00	0.00	9.07	(7.53)	33.27
AKTX	5.39	(0.87)	0.00	1.08	0.00	0.00	10.68	(14.53)	47.27
DFFN	2.40	(0.51)	0.00	1.66	0.00	0.00	4.09	(5.32)	12.34
ONTX	4.73	0.85	0.17	(1.23)	4.35	(5.89)	7.69	(8.33)	66.73

Soleno Therapeutics Corporate Management

Kristen MS	Senior Operations	Profile
Dr MBA	Senior Development	Profile
Patricia MPH	Senior Affairs	Profile
PharmD MBA	Senior Affairs	Profile
Meredith MBA	Chief Officer	Profile
Anish MD	CEO and President	Profile

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