180 Life Correlations

ATNF Stock

USD 1.13 0.08 7.62%

The current 90-days correlation between 180 Life Sciences and Phio Pharmaceuticals Corp is -0.03 (i.e., Good diversification). The correlation of 180 Life 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.

180 Life Correlation With Market

Significant diversification

The correlation between 180 Life Sciences and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 180 Life Sciences 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 180 Life Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with 180 Stock

0.62

MDAI

Spectral AI

Pair Corr

Moving against 180 Stock

0.53	FNA	Paragon 28	Pair Corr
0.5	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.49	CMRX	Chimerix	Pair Corr
0.54	LUCD	Lucid Diagnostics	Pair Corr
0.53	NVRO	Nevro Corp	Pair Corr
0.51	INMD	InMode	Pair Corr
0.39	NYXH	Nyxoah	Pair Corr
0.33	LUNG	Pulmonx Corp	Pair Corr
0.59	FWEDF	Fireweed Zinc	Pair Corr
0.59	GCPEF	GCL Poly Energy	Pair Corr
0.53	BRK-A	Berkshire Hathaway	Pair Corr
0.53	BRK-B	Berkshire Hathaway	Pair Corr
0.52	SWZNF	Schweizerische Nationalbank	Pair Corr
0.52	NHNCF	NAVER Corp	Pair Corr

Related Correlations Analysis

	ZURA	PHIO	SONN	CDIO	CYTO	IMMX	ENVB	PALI	CNSP	EFTR
ZURA		0.23	0.18	0.69	0.0	0.89	0.61	0.59	0.6	0.0	ZURA
PHIO	0.23		0.29	0.2	0.0	0.34	0.48	0.52	0.48	0.0	PHIO
SONN	0.18	0.29		0.18	0.0	0.34	0.49	0.53	0.49	0.0	SONN
CDIO	0.69	0.2	0.18		0.0	0.65	0.65	0.71	0.64	0.0	CDIO
CYTO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CYTO
IMMX	0.89	0.34	0.34	0.65	0.0		0.62	0.65	0.78	0.0	IMMX
ENVB	0.61	0.48	0.49	0.65	0.0	0.62		0.9	0.6	0.0	ENVB
PALI	0.59	0.52	0.53	0.71	0.0	0.65	0.9		0.75	0.0	PALI
CNSP	0.6	0.48	0.49	0.64	0.0	0.78	0.6	0.75		0.0	CNSP
EFTR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EFTR
	ZURA	PHIO	SONN	CDIO	CYTO	IMMX	ENVB	PALI	CNSP	EFTR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PALI	+ 0.9	ENVB
IMMX	+ 0.89	ZURA
CNSP	+ 0.78	IMMX
CNSP	+ 0.75	PALI
PALI	+ 0.71	CDIO
CDIO	+ 0.69	ZURA

High negative correlations

EFTR	- 0.0	CNSP
EFTR	- 0.0	PALI
EFTR	- 0.0	ENVB
EFTR	- 0.0	IMMX
EFTR	- 0.0	CYTO
CNSP	- 0.0	CYTO

Risk-Adjusted Indicators

There is a big difference between 180 Stock performing well and 180 Life 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 180 Life'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
ZURA	4.61	(0.40)	0.00	(0.23)	0.00	0.00	9.79	(9.96)	29.06
PHIO	11.13	2.41	0.22	0.51	8.83	(22.80)	5.56	(10.47)	336.29
SONN	3.39	0.13	0.03	0.08	4.29	(4.33)	8.57	(6.04)	44.37
CDIO	6.09	(0.89)	0.00	(0.52)	0.00	0.00	12.20	(11.83)	48.64
CYTO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMMX	3.38	(0.09)	0.00	(8.37)	0.00	0.00	6.82	(6.78)	26.42
ENVB	7.43	(0.50)	0.00	(0.37)	0.00	0.00	12.04	(13.87)	113.38
PALI	4.48	(1.28)	0.00	(1.76)	0.00	0.00	11.70	(10.84)	30.79
CNSP	6.07	(0.13)	0.00	(0.23)	0.00	0.00	12.10	(10.84)	70.89
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

180 Life Corporate Executives

Elected by the shareholders, the 180 Life's board of directors comprises two types of representatives: 180 Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 180. The board's role is to monitor 180 Life's management team and ensure that shareholders' interests are well served. 180 Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 180 Life's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sir Feldman	CoFounder	Profile
Pr Nanchahal	CoFounder Board	Profile
Pr MD	CoFounder Board	Profile
Ozan CFA	CFO Secretary	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC