ACST Old Correlations

Summary

ACSTDelisted Stock

USD 3.37 0.01 0.30%

The current 90-days correlation between ACST Old and Tonix Pharmaceuticals Holding is 0.25 (i.e., Modest diversification). The correlation of ACST Old 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.

ACST Old Correlation With Market

Significant diversification

The correlation between ACST Old and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACST Old and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ACST Stock

0.76	WMT	Walmart	Pair Corr
0.63	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against ACST Stock

0.76	HPQ	HP Inc	Pair Corr
0.69	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.65	GLUC	Glucose Health	Pair Corr
0.53	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.44	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.43	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.39	NIHK	Video River Networks	Pair Corr
0.32	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.31	TRV	The Travelers Companies Sell-off Trend	Pair Corr

Related Correlations Analysis

	TNXP	JAGX	DFFN	IBIO	ARDS	AKTX	ADTX	ABVC	PULM	ONTX
TNXP		-0.44	-0.8	-0.25	0.29	-0.66	-0.37	-0.18	0.54	-0.13	TNXP
JAGX	-0.44		0.56	0.26	-0.29	0.66	0.7	0.28	-0.59	-0.02	JAGX
DFFN	-0.8	0.56		0.28	-0.46	0.84	0.65	0.38	-0.78	0.02	DFFN
IBIO	-0.25	0.26	0.28		-0.47	0.18	0.01	0.15	-0.38	0.46	IBIO
ARDS	0.29	-0.29	-0.46	-0.47		-0.5	-0.31	-0.1	0.72	-0.29	ARDS
AKTX	-0.66	0.66	0.84	0.18	-0.5		0.65	0.39	-0.89	0.06	AKTX
ADTX	-0.37	0.7	0.65	0.01	-0.31	0.65		0.26	-0.56	-0.39	ADTX
ABVC	-0.18	0.28	0.38	0.15	-0.1	0.39	0.26		-0.38	-0.06	ABVC
PULM	0.54	-0.59	-0.78	-0.38	0.72	-0.89	-0.56	-0.38		-0.2	PULM
ONTX	-0.13	-0.02	0.02	0.46	-0.29	0.06	-0.39	-0.06	-0.2		ONTX
	TNXP	JAGX	DFFN	IBIO	ARDS	AKTX	ADTX	ABVC	PULM	ONTX

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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

AKTX	+ 0.84	DFFN
PULM	+ 0.72	ARDS
ADTX	+ 0.7	JAGX
AKTX	+ 0.66	JAGX
ADTX	+ 0.65	DFFN
ADTX	+ 0.65	AKTX

High negative correlations

PULM	- 0.89	AKTX
DFFN	- 0.8	TNXP
PULM	- 0.78	DFFN
AKTX	- 0.66	TNXP
PULM	- 0.59	JAGX
PULM	- 0.56	ADTX

Risk-Adjusted Indicators

There is a big difference between ACST Stock performing well and ACST Old 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 ACST Old'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
TNXP	9.04	2.45	0.18	1.00	8.71	(16.70)	18.75	(10.53)	158.57
JAGX	3.83	0.09	0.01	(0.76)	5.06	(5.15)	7.92	(7.94)	52.73
DFFN	2.40	(0.51)	0.00	3.16	0.00	0.00	4.09	(5.32)	12.34
IBIO	3.61	0.19	0.04	0.34	4.01	(4.32)	8.08	(7.33)	30.48
ARDS	7.73	1.25	0.11	(0.35)	7.66	(12.31)	12.50	(12.50)	140.53
AKTX	5.15	(0.92)	0.00	0.68	0.00	0.00	10.68	(14.53)	47.27
ADTX	6.58	(4.08)	0.00	(2.69)	0.00	0.00	5.71	(18.06)	39.19
ABVC	4.40	0.23	0.04	(0.24)	4.73	(5.81)	9.80	(9.09)	35.84
PULM	5.76	2.42	0.49	(1.16)	3.68	(7.72)	16.69	(4.98)	92.85
ONTX	4.73	0.83	0.17	0.86	4.35	(5.89)	7.69	(8.33)	66.73

Delisting Warning - ACST

ACST Old was delisted

The entity ACST Old with a symbol ACST was delisted from NASDAQ Exchange. Please try Grace Therapeutics, with a symbol GRCE from now on. Check all delisted instruments accross multiple markets.

ACST Old Corporate Management

Amresh Kumar	VP Management	Profile
Carrie DAndrea	VP Operations	Profile
George Kottayil	Chief US	Profile
Robert CPA	Principal Officer	Profile
Prashant Kohli	Chief Officer	Profile
Yves Lachance	VP Compliance	Profile

Still Interested in ACST Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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