Xenetic Biosciences Correlations

XBIO Stock

USD 3.64 0.13 3.45%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xenetic Biosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xenetic Biosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Xenetic Biosciences Correlation With Market

Modest diversification

The correlation between Xenetic Biosciences and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xenetic Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xenetic Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

To learn how to invest in Xenetic Stock, please use our How to Invest in Xenetic Biosciences guide.

Moving together with Xenetic Stock

0.68	IMMX	Immix Biopharma	Pair Corr
0.67	MNOV	MediciNova	Pair Corr
0.64	MOLN	Molecular Partners	Pair Corr
0.7	NKTX	Nkarta Inc	Pair Corr
0.66	PHVS	Pharvaris BV	Pair Corr
0.67	RGNX	Regenxbio	Pair Corr
0.66	ABOS	Acumen Pharmaceuticals	Pair Corr
0.63	APLS	Apellis Pharmaceuticals	Pair Corr

Moving against Xenetic Stock

0.51	LLY	Eli Lilly	Pair Corr
0.41	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.37	MGTX	MeiraGTx Holdings PLC Earnings Call Tomorrow	Pair Corr
0.34	IVA	Inventiva Sa	Pair Corr
0.61	ABBV	AbbVie Inc	Pair Corr
0.32	MDT	Medtronic PLC	Pair Corr

Related Correlations Analysis

	RNAZ	LABP	NEXI	ONCR	ZVSA	IMMX	PHIO	ATNF	NAVB	REVB
RNAZ		0.0	0.0	0.0	0.06	0.18	0.1	0.07	0.0	-0.02	RNAZ
LABP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LABP
NEXI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NEXI
ONCR	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ONCR
ZVSA	0.06	0.0	0.0	0.0		-0.03	0.15	-0.27	0.0	-0.11	ZVSA
IMMX	0.18	0.0	0.0	0.0	-0.03		0.42	0.69	0.0	0.55	IMMX
PHIO	0.1	0.0	0.0	0.0	0.15	0.42		0.37	0.0	0.4	PHIO
ATNF	0.07	0.0	0.0	0.0	-0.27	0.69	0.37		0.0	0.52	ATNF
NAVB	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NAVB
REVB	-0.02	0.0	0.0	0.0	-0.11	0.55	0.4	0.52	0.0		REVB
	RNAZ	LABP	NEXI	ONCR	ZVSA	IMMX	PHIO	ATNF	NAVB	REVB

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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

ATNF	+ 0.69	IMMX
REVB	+ 0.55	IMMX
REVB	+ 0.52	ATNF
PHIO	+ 0.42	IMMX
REVB	+ 0.4	PHIO
ATNF	+ 0.37	PHIO

High negative correlations

ATNF	- 0.27	ZVSA
REVB	- 0.11	ZVSA
IMMX	- 0.03	ZVSA
REVB	- 0.02	RNAZ
REVB	- 0.0	NAVB
NAVB	- 0.0	ATNF

Risk-Adjusted Indicators

There is a big difference between Xenetic Stock performing well and Xenetic Biosciences 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 Xenetic Biosciences' 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
RNAZ	9.98	(1.55)	0.00	(0.54)	0.00	0.00	28.00	(21.91)	94.32
LABP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEXI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ONCR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZVSA	4.46	0.00	0.02	0.00	4.63	(5.93)	12.03	(8.06)	37.54
IMMX	3.69	(0.36)	0.00	(1.93)	0.00	0.00	9.09	(8.19)	26.42
PHIO	11.30	2.19	0.17	0.35	9.87	(20.33)	9.40	(10.59)	336.29
ATNF	4.59	(0.55)	0.00	(0.53)	0.00	0.00	6.73	(9.77)	79.11
NAVB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REVB	6.46	(1.29)	0.00	1.93	0.00	0.00	17.05	(15.43)	71.84

Xenetic Biosciences Corporate Executives

Elected by the shareholders, the Xenetic Biosciences' board of directors comprises two types of representatives: Xenetic Biosciences inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xenetic. The board's role is to monitor Xenetic Biosciences' management team and ensure that shareholders' interests are well served. Xenetic Biosciences' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Xenetic Biosciences' outside directors are responsible for providing unbiased perspectives on the board's policies.

James Parslow

CFO, Principal Accounting Officer, Principal Financial Officer

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