| VALN Stock | | | USD 3.69 0.24 6.11% |
The current 90-days correlation between Valneva SE ADR and Puma Biotechnology is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valneva SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valneva SE ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Valneva SE Correlation With Market
Good diversification
The correlation between Valneva SE ADR and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valneva SE ADR and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Valneva Stock
Moving against Valneva Stock
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Valneva SE Corporate Management