Tevogen Bio Correlations

TVGN Stock

1.34 0.11 7.59%

The current 90-days correlation between Tevogen Bio Holdings and Stepstone Group is -0.22 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tevogen Bio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tevogen Bio Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tevogen Bio Correlation With Market

Significant diversification

The correlation between Tevogen Bio Holdings and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tevogen Bio Holdings 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 Tevogen Bio Holdings. 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 together with Tevogen Stock

0.72	JNJ	Johnson Johnson	Pair Corr
0.63	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.66	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.74	NKTX	Nkarta Inc	Pair Corr
0.64	PDSB	PDS Biotechnology Corp	Pair Corr
0.71	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.64	APTO	Aptose Biosciences	Pair Corr
0.7	ACET	Adicet Bio	Pair Corr

Moving against Tevogen Stock

0.6	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.53	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.5	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.43	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.61	PTCT	PTC Therapeutics	Pair Corr
0.79	TGNA	Tegna Inc	Pair Corr
0.65	FNMFO	Federal National Mortgage	Pair Corr
0.51	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	STEP	SUM	CPRX	RBMTF	LIND	MYTE	ALMMF
STEP		0.04	0.39	0.0	0.53	-0.03	0.27	STEP
SUM	0.04		0.28	0.0	0.51	0.47	-0.64	SUM
CPRX	0.39	0.28		0.0	0.24	0.32	0.29	CPRX
RBMTF	0.0	0.0	0.0		0.0	0.0	0.0	RBMTF
LIND	0.53	0.51	0.24	0.0		-0.1	-0.39	LIND
MYTE	-0.03	0.47	0.32	0.0	-0.1		-0.02	MYTE
ALMMF	0.27	-0.64	0.29	0.0	-0.39	-0.02		ALMMF
	STEP	SUM	CPRX	RBMTF	LIND	MYTE	ALMMF

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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

LIND	+ 0.53	STEP
LIND	+ 0.51	SUM
MYTE	+ 0.47	SUM
CPRX	+ 0.39	STEP
MYTE	+ 0.32	CPRX
ALMMF	+ 0.29	CPRX

High negative correlations

ALMMF	- 0.64	SUM
ALMMF	- 0.39	LIND
MYTE	- 0.1	LIND
MYTE	- 0.03	STEP
ALMMF	- 0.02	MYTE
ALMMF	- 0.0	RBMTF

Risk-Adjusted Indicators

There is a big difference between Tevogen Stock performing well and Tevogen Bio 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 Tevogen Bio'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
STEP	1.80	0.02	0.00	0.12	2.49	(1.75)	3.09	(3.26)	18.64
SUM	0.94	0.39	0.31	9.77	0.15	(1.02)	4.18	(1.76)	9.88
CPRX	1.96	0.10	0.03	0.28	2.32	(2.06)	3.49	(3.86)	20.60
RBMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIND	2.94	0.36	0.15	0.25	2.81	(3.69)	6.62	(5.45)	33.55
MYTE	2.85	0.47	0.15	0.67	2.66	(3.75)	10.50	(4.39)	20.82
ALMMF	2.91	(0.31)	0.00	(0.10)	0.00	0.00	8.62	(8.57)	27.95

Tevogen Bio Corporate Management

Susan MBA	Independent Officer	Profile
Mittul Mehta	Chief Tevogenai	Profile
Sadiq Khan	Chief Officer	Profile
Jeffrey MPH	Member Officer	Profile
Tapan Shah	Head Development	Profile
Kirti CPA	Chief Officer	Profile

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