Timber Pharmaceuticals Correlations
| TMBRDelisted Stock | USD 1.72 0.01 0.58% |
The current 90-days correlation between Timber Pharmaceuticals and Salarius Pharmaceuticals is 0.25 (i.e., Modest diversification). The correlation of Timber Pharmaceuticals 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.
Timber Pharmaceuticals Correlation With Market
Average diversification
The correlation between Timber Pharmaceuticals and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timber Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Timber |
Moving together with Timber Stock
| 0.61 | KB | KB Financial Group | PairCorr |
| 0.64 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.68 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.62 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Timber Stock
| 0.84 | EC | Ecopetrol SA ADR | PairCorr |
| 0.79 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.69 | HYMTF | Hyundai Motor | PairCorr |
| 0.69 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.65 | SHG | Shinhan Financial | PairCorr |
| 0.55 | WF | Woori Financial Group | PairCorr |
| 0.53 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.49 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.43 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.34 | TCHH | Trustcash Holdings | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Timber Stock performing well and Timber Pharmaceuticals 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 Timber Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SLRX | 4.15 | (0.44) | 0.00 | (0.36) | 0.00 | 8.79 | 27.43 | |||
| ARTLW | 23.23 | 2.06 | 0.09 | 0.48 | 23.45 | 68.38 | 147.53 | |||
| NTRB | 4.99 | (0.12) | 0.00 | (0.24) | 0.00 | 11.41 | 33.94 | |||
| ALRN | 4.29 | 0.13 | 0.00 | 1.71 | 4.85 | 8.06 | 41.47 | |||
| ARTL | 3.48 | (0.22) | 0.00 | (0.06) | 0.00 | 7.83 | 26.32 | |||
| HSTO | 4.52 | (1.29) | 0.00 | 1.18 | 0.00 | 4.76 | 131.40 | |||
| CRIS | 2.76 | (0.67) | 0.00 | (0.45) | 0.00 | 6.11 | 15.31 | |||
| FWBI | 5.73 | (1.88) | 0.00 | (3.28) | 0.00 | 8.65 | 65.42 | |||
| SABS | 5.72 | 0.46 | 0.06 | 1.13 | 6.49 | 17.06 | 45.73 | |||
| VCNX | 6.00 | (0.21) | 0.00 | (0.22) | 0.00 | 11.11 | 54.95 |
View Timber Pharmaceuticals Related Equities
| Risk & Return | Correlation |
Still Interested in Timber Pharmaceuticals?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.