60 Degrees Correlations

SXTPW Stock

0.02 0.02 45.95%

The current 90-days correlation between 60 Degrees Pharmaceu and Eliem Therapeutics is 0.05 (i.e., Significant diversification). The correlation of 60 Degrees 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.

60 Degrees Correlation With Market

Significant diversification

The correlation between 60 Degrees Pharmaceuticals, 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 60 Degrees 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 60 Degrees 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.

Moving together with SXTPW Stock

0.66	ME	23Andme Holding	Pair Corr
0.8	VALN	Valneva SE ADR	Pair Corr
0.72	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.77	IPSC	Century Therapeutics	Pair Corr
0.75	MTEM	Molecular Templates	Pair Corr
0.79	NKTX	Nkarta Inc	Pair Corr
0.72	TPST	Tempest Therapeutics	Pair Corr
0.75	AGL	agilon health	Pair Corr
0.71	BACK	IMAC Holdings	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.81	EC	Ecopetrol SA ADR	Pair Corr
0.63	HYMTF	Hyundai Motor	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against SXTPW Stock

0.47	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.44	NXGLW	NexGel Warrant	Pair Corr
0.39	KZR	Kezar Life Sciences	Pair Corr
0.38	RNXT	RenovoRx	Pair Corr
0.34	MLYS	Mineralys Therapeutics,	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.75	T	ATT Inc Aggressive Push	Pair Corr
0.72	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.66	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.62	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.59	HD	Home Depot	Pair Corr
0.38	VFS	VinFast Auto Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ELYM	HCWB	RNXT	SCPH	MIST	MCRB	LUMO
ELYM		-0.01	-0.2	0.87	-0.52	0.83	-0.66	ELYM
HCWB	-0.01		0.29	-0.17	0.1	0.11	0.01	HCWB
RNXT	-0.2	0.29		-0.32	0.67	-0.04	0.26	RNXT
SCPH	0.87	-0.17	-0.32		-0.52	0.72	-0.57	SCPH
MIST	-0.52	0.1	0.67	-0.52		-0.42	0.49	MIST
MCRB	0.83	0.11	-0.04	0.72	-0.42		-0.6	MCRB
LUMO	-0.66	0.01	0.26	-0.57	0.49	-0.6		LUMO
	ELYM	HCWB	RNXT	SCPH	MIST	MCRB	LUMO

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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

SCPH	+ 0.87	ELYM
MCRB	+ 0.83	ELYM
MCRB	+ 0.72	SCPH
MIST	+ 0.67	RNXT
LUMO	+ 0.49	MIST
RNXT	+ 0.29	HCWB

High negative correlations

LUMO	- 0.66	ELYM
LUMO	- 0.6	MCRB
LUMO	- 0.57	SCPH
MIST	- 0.52	SCPH
MIST	- 0.52	ELYM
MCRB	- 0.42	MIST

Risk-Adjusted Indicators

There is a big difference between SXTPW Stock performing well and 60 Degrees 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 60 Degrees' 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
ELYM	3.92	(0.95)	0.00	(5.36)	0.00	0.00	6.21	(9.35)	34.87
HCWB	13.22	4.45	0.42	(1.48)	7.39	(21.79)	22.00	(13.64)	352.85
RNXT	3.21	0.46	0.10	0.84	3.64	(4.33)	7.21	(5.17)	40.06
SCPH	2.68	(0.82)	0.00	(0.32)	0.00	0.00	4.30	(7.09)	20.70
MIST	1.92	0.21	0.13	0.25	1.60	(2.86)	7.19	(2.11)	18.66
MCRB	4.68	0.01	(0.02)	0.25	5.68	(5.36)	10.00	(9.78)	28.84
LUMO	2.77	0.61	0.15	(3.14)	2.60	(3.21)	6.35	(5.19)	26.13

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