Sellas Life Correlations

SLS Stock

USD 1.17 0.05 4.10%

The current 90-days correlation between Sellas Life Sciences and Reviva Pharmaceuticals Holdings is 0.06 (i.e., Significant diversification). The correlation of Sellas Life 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.

Sellas Life Correlation With Market

Significant diversification

The correlation between Sellas Life Sciences and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sellas Life Sciences 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 Sellas Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Sellas Stock

0.44	MLYS	Mineralys Therapeutics,	Pair Corr
0.32	KZR	Kezar Life Sciences	Pair Corr
0.41	T	ATT Inc Aggressive Push	Pair Corr
0.39	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.37	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.34	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.31	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	NLSP	MREO	ARAV	DAWN	RVPHW	EYEN	CGTX	RNAZ	KOD	OCUP
NLSP		0.72	0.32	-0.16	-0.23	0.6	0.6	-0.3	-0.79	0.69	NLSP
MREO	0.72		0.02	0.22	-0.52	0.81	0.53	-0.04	-0.67	0.61	MREO
ARAV	0.32	0.02		-0.49	0.15	-0.26	0.0	-0.2	-0.19	0.13	ARAV
DAWN	-0.16	0.22	-0.49		-0.23	0.38	-0.02	0.26	0.23	-0.16	DAWN
RVPHW	-0.23	-0.52	0.15	-0.23		-0.53	-0.2	-0.21	0.26	-0.16	RVPHW
EYEN	0.6	0.81	-0.26	0.38	-0.53		0.45	0.09	-0.7	0.35	EYEN
CGTX	0.6	0.53	0.0	-0.02	-0.2	0.45		-0.66	-0.28	0.8	CGTX
RNAZ	-0.3	-0.04	-0.2	0.26	-0.21	0.09	-0.66		0.0	-0.54	RNAZ
KOD	-0.79	-0.67	-0.19	0.23	0.26	-0.7	-0.28	0.0		-0.38	KOD
OCUP	0.69	0.61	0.13	-0.16	-0.16	0.35	0.8	-0.54	-0.38		OCUP
	NLSP	MREO	ARAV	DAWN	RVPHW	EYEN	CGTX	RNAZ	KOD	OCUP

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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

EYEN	+ 0.81	MREO
OCUP	+ 0.8	CGTX
MREO	+ 0.72	NLSP
OCUP	+ 0.69	NLSP
OCUP	+ 0.61	MREO
EYEN	+ 0.6	NLSP

High negative correlations

KOD	- 0.79	NLSP
KOD	- 0.7	EYEN
KOD	- 0.67	MREO
RNAZ	- 0.66	CGTX
OCUP	- 0.54	RNAZ
EYEN	- 0.53	RVPHW

Risk-Adjusted Indicators

There is a big difference between Sellas Stock performing well and Sellas Life 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 Sellas Life'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
NLSP	4.10	(1.09)	0.00	(0.86)	0.00	0.00	4.71	(10.19)	33.23
MREO	2.65	(0.43)	0.00	(0.15)	0.00	0.00	5.14	(5.79)	19.32
ARAV	3.52	(0.18)	0.00	5.03	0.00	0.00	7.14	(7.83)	26.51
DAWN	2.10	(0.08)	(0.03)	0.03	2.72	(2.01)	3.84	(3.69)	11.44
RVPHW	13.99	3.18	0.17	5.58	15.14	(17.65)	28.57	(22.22)	129.53
EYEN	6.16	(1.78)	0.00	(0.42)	0.00	0.00	11.76	(17.07)	92.81
CGTX	4.29	(0.86)	0.00	(0.46)	0.00	0.00	8.89	(10.34)	36.32
RNAZ	7.83	1.26	0.12	(0.63)	6.58	(11.84)	22.00	(11.43)	68.80
KOD	3.33	1.08	0.34	0.58	2.79	(4.36)	9.70	(4.92)	18.79
OCUP	3.18	(0.74)	0.00	5.87	0.00	0.00	6.10	(5.84)	27.18

Sellas Life Corporate Management

Barbara Esq	General VP	Profile
Stacy Yeung	Associate VP	Profile
Jrg Breitkopf	Head Operations	Profile
ScD MD	President, Founder	Profile
Barbara Wood	Gen VP	Profile
Andrew Elnatan	Chemistry, Affairs	Profile
Robert Francomano	Senior Officer	Profile

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