Abeona Therapeutics Correlations

ABEO Stock

USD 5.15 0.01 0.19%

The current 90-days correlation between Abeona Therapeutics and Checkpoint Therapeutics is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Abeona Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abeona Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Abeona Therapeutics Correlation With Market

Modest diversification

The correlation between Abeona Therapeutics and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Abeona Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Abeona Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Abeona Stock, please use our How to Invest in Abeona Therapeutics guide.

Moving together with Abeona Stock

0.73

ELVN

Enliven Therapeutics

Pair Corr

Moving against Abeona Stock

0.51	CVX	Chevron Corp	Pair Corr
0.45	JNJ	Johnson Johnson	Pair Corr
0.42	XOM	Exxon Mobil Corp	Pair Corr
0.41	MMM	3M Company	Pair Corr
0.34	T	ATT Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	RVPH	ATHA	FBIO	ACAD	CABA	EVFMD	CALA	AFMD	CKPT	ADAP
RVPH		0.79	0.57	0.28	0.84	0.0	0.0	0.59	-0.19	0.74	RVPH
ATHA	0.79		0.69	-0.02	0.8	0.0	0.0	0.63	-0.15	0.8	ATHA
FBIO	0.57	0.69		-0.3	0.52	0.0	0.0	0.47	0.28	0.45	FBIO
ACAD	0.28	-0.02	-0.3		0.15	0.0	0.0	-0.19	-0.44	0.3	ACAD
CABA	0.84	0.8	0.52	0.15		0.0	0.0	0.58	-0.03	0.72	CABA
EVFMD	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EVFMD
CALA	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CALA
AFMD	0.59	0.63	0.47	-0.19	0.58	0.0	0.0		0.06	0.44	AFMD
CKPT	-0.19	-0.15	0.28	-0.44	-0.03	0.0	0.0	0.06		-0.34	CKPT
ADAP	0.74	0.8	0.45	0.3	0.72	0.0	0.0	0.44	-0.34		ADAP
	RVPH	ATHA	FBIO	ACAD	CABA	EVFMD	CALA	AFMD	CKPT	ADAP

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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

CABA	+ 0.84	RVPH
CABA	+ 0.8	ATHA
ADAP	+ 0.8	ATHA
ATHA	+ 0.79	RVPH
ADAP	+ 0.74	RVPH
ADAP	+ 0.72	CABA

High negative correlations

CKPT	- 0.44	ACAD
ADAP	- 0.34	CKPT
ACAD	- 0.3	FBIO
AFMD	- 0.19	ACAD
CKPT	- 0.19	RVPH
CKPT	- 0.15	ATHA

Risk-Adjusted Indicators

There is a big difference between Abeona Stock performing well and Abeona Therapeutics 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 Abeona Therapeutics' 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
RVPH	5.07	(0.78)	0.00	(0.27)	0.00	0.00	11.05	(11.11)	39.67
ATHA	3.64	(0.71)	0.00	(1.15)	0.00	0.00	6.45	(8.33)	21.64
FBIO	2.67	(0.11)	0.00	(0.65)	0.00	0.00	5.19	(4.87)	22.19
ACAD	1.96	0.05	0.00	(0.02)	0.00	0.00	4.29	(3.03)	17.29
CABA	4.31	(0.49)	0.00	(0.43)	0.00	0.00	8.87	(10.34)	26.78
EVFMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CALA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFMD	3.14	(1.06)	0.00	(0.64)	0.00	0.00	5.10	(7.27)	29.11
CKPT	4.74	0.33	0.11	(0.22)	4.13	(6.47)	10.94	(6.80)	61.63
ADAP	3.10	(0.80)	0.00	(1.08)	0.00	0.00	4.84	(6.25)	52.59

Abeona Therapeutics Corporate Management

Joseph Vazzano	Chief Officer	Profile
Dmitriy MD	Chief Officer	Profile
Brian Kevany	CTO VP	Profile
Carl Denny	Senior Affairs	Profile
Alison Hardgrove	Vice Resources	Profile
Scott Santiamo	Director Communications	Profile

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