Affimed NV Correlations

AFMD Stock

USD 0.89 0.01 1.11%

The correlation of Affimed NV 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.

Affimed NV Correlation With Market

Good diversification

The correlation between Affimed NV and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affimed NV 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 Affimed NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Affimed Stock refer to our How to Trade Affimed Stock guide.

Moving together with Affimed Stock

0.77	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.71	VERA	Vera Therapeutics	Pair Corr
0.63	DSGN	Design Therapeutics Potential Growth	Pair Corr
0.61	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.82	VKTX	Viking Therapeutics	Pair Corr
0.76	VRCA	Verrica Pharmaceuticals	Pair Corr
0.65	VTRS	Viatris	Pair Corr
0.7	VTYX	Ventyx Biosciences	Pair Corr

Moving against Affimed Stock

0.59	VALN	Valneva SE ADR	Pair Corr
0.45	DMAC	DiaMedica Therapeutics	Pair Corr
0.34	VIGL	Vigil Neuroscience	Pair Corr
0.31	VERV	Verve Therapeutics	Pair Corr
0.72	VRNA	Verona Pharma PLC	Pair Corr
0.49	SRZNW	Surrozen Warrant	Pair Corr
0.48	VSTM	Verastem	Pair Corr
0.38	VTGN	VistaGen Therapeutics	Pair Corr
0.35	EDSA	Edesa Biotech	Pair Corr
0.31	KTTAW	Pasithea Therapeutics	Pair Corr

Related Correlations Analysis

	TCRR	PIRS	ADCT	AGEN	XFOR	TERN	DAWN	PDSB	INZY	LPTX
TCRR		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TCRR
PIRS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PIRS
ADCT	0.0	0.0		-0.1	0.44	0.65	0.24	0.65	0.65	0.59	ADCT
AGEN	0.0	0.0	-0.1		0.45	0.27	0.75	0.35	0.08	0.16	AGEN
XFOR	0.0	0.0	0.44	0.45		0.82	0.79	0.82	0.81	0.65	XFOR
TERN	0.0	0.0	0.65	0.27	0.82		0.72	0.92	0.94	0.83	TERN
DAWN	0.0	0.0	0.24	0.75	0.79	0.72		0.7	0.58	0.55	DAWN
PDSB	0.0	0.0	0.65	0.35	0.82	0.92	0.7		0.83	0.68	PDSB
INZY	0.0	0.0	0.65	0.08	0.81	0.94	0.58	0.83		0.82	INZY
LPTX	0.0	0.0	0.59	0.16	0.65	0.83	0.55	0.68	0.82		LPTX
	TCRR	PIRS	ADCT	AGEN	XFOR	TERN	DAWN	PDSB	INZY	LPTX

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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

INZY	+ 0.94	TERN
PDSB	+ 0.92	TERN
LPTX	+ 0.83	TERN
INZY	+ 0.83	PDSB
TERN	+ 0.82	XFOR
PDSB	+ 0.82	XFOR

High negative correlations

AGEN	- 0.1	ADCT
LPTX	- 0.0	PIRS
INZY	- 0.0	PIRS
PDSB	- 0.0	PIRS
DAWN	- 0.0	PIRS
TERN	- 0.0	PIRS

Risk-Adjusted Indicators

There is a big difference between Affimed Stock performing well and Affimed NV 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 Affimed NV'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
TCRR	0.00	0.00	0.00	0.00	0.00	0.00
PIRS	0.00	0.00	0.00	0.00	0.00	0.00
ADCT	4.91	(0.63)	(0.55)	8.78	(9.66)	36.21
AGEN	4.13	(0.67)	(0.42)	10.48	(8.63)	23.65
XFOR	6.95	(0.70)	(2.58)	13.43	(14.29)	68.45
TERN	3.01	(1.03)	(1.35)	4.94	(6.98)	19.13
DAWN	2.84	(0.57)	(0.74)	6.36	(6.67)	22.86
PDSB	4.66	(0.39)	(0.57)	9.21	(9.22)	33.91
INZY	3.98	(1.35)	(0.93)	6.82	(9.17)	36.29
LPTX	4.89	(2.16)	372.80	5.18	(9.73)	82.92

Affimed NV Corporate Management

Uwe Reusch	Head Culture	Profile
Denise Mueller	Chief Board	Profile
RPh PharmD	Chief Officer	Profile
Arndt MD	Chief Board	Profile
Angus Smith	CFO Board	Profile
Michael Wolf	Head Administration	Profile
Andreas MD	Chief Board	Profile

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