Abpro Holdings Correlations

ABPWW Stock

0.10 0.04 28.57%

The current 90-days correlation between Abpro Holdings and Dogwood Therapeutics, is 0.01 (i.e., Significant diversification). The correlation of Abpro Holdings 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.

Abpro Holdings Correlation With Market

Modest diversification

The correlation between Abpro Holdings 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 Abpro Holdings 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 Abpro 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 housing.

For more information on how to buy Abpro Stock please use our How to Invest in Abpro Holdings guide.

Moving together with Abpro Stock

0.68

EVLO

Evelo Biosciences

Pair Corr

Moving against Abpro Stock

0.48	GRTX	Galera Therapeutics	Pair Corr
0.45	UPB	Upstream Bio,	Pair Corr
0.55	ACABU	Atlantic Coastal Acq	Pair Corr
0.31	ORGS	Orgenesis	Pair Corr

Related Correlations Analysis

	DWTX	EPRX	CEROW	IRD	TLX
DWTX		-0.64	-0.64	0.68	0.02	DWTX
EPRX	-0.64		0.68	-0.7	0.04	EPRX
CEROW	-0.64	0.68		-0.57	-0.13	CEROW
IRD	0.68	-0.7	-0.57		0.09	IRD
TLX	0.02	0.04	-0.13	0.09		TLX
	DWTX	EPRX	CEROW	IRD	TLX

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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

IRD	+ 0.68	DWTX
CEROW	+ 0.68	EPRX
TLX	+ 0.09	IRD
TLX	+ 0.04	EPRX
TLX	+ 0.02	DWTX

High negative correlations

IRD	- 0.7	EPRX
CEROW	- 0.64	DWTX
EPRX	- 0.64	DWTX
IRD	- 0.57	CEROW
TLX	- 0.13	CEROW

Risk-Adjusted Indicators

There is a big difference between Abpro Stock performing well and Abpro Holdings 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 Abpro Holdings' 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
DWTX	8.02	(0.03)	0.00	0.01	11.84	(7.81)	16.24	(18.49)	69.76
EPRX	3.65	0.40	0.09	(8.77)	3.70	(4.71)	10.43	(6.39)	34.56
CEROW	26.02	5.69	0.22	(2.09)	22.43	(34.98)	66.67	(40.00)	191.74
IRD	3.98	(0.02)	0.00	0.01	4.79	(5.07)	9.26	(8.79)	29.54
TLX	1.92	0.13	0.04	(0.24)	2.19	(2.11)	4.38	(3.25)	10.19

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