Celularity Correlations

CELU Stock

USD 1.67 0.13 8.44%

The current 90-days correlation between Celularity and Immix Biopharma is 0.13 (i.e., Average diversification). The correlation of Celularity 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.

Celularity Correlation With Market

Modest diversification

The correlation between Celularity and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Celularity 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 Celularity. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Celularity Stock

0.75	A	Agilent Technologies	Pair Corr
0.85	ME	23Andme Holding	Pair Corr
0.76	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.84	DNLI	Denali Therapeutics	Pair Corr
0.84	VCEL	Vericel Corp Ord	Pair Corr
0.87	VCYT	Veracyte	Pair Corr
0.73	VERA	Vera Therapeutics	Pair Corr
0.66	DRTS	Alpha Tau Medical	Pair Corr
0.61	SABSW	SAB Biotherapeutics	Pair Corr
0.61	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.65	VKTX	Viking Therapeutics	Pair Corr
0.82	VRDN	Viridian Therapeutics	Pair Corr
0.73	VRPX	Virpax Pharmaceuticals	Pair Corr
0.76	VTRS	Viatris	Pair Corr
0.79	VTYX	Ventyx Biosciences	Pair Corr

Moving against Celularity Stock

0.82	DVAX	Dynavax Technologies	Pair Corr
0.68	VALN	Valneva SE ADR	Pair Corr
0.33	VIGL	Vigil Neuroscience	Pair Corr
0.32	EQ	Equillium	Pair Corr
0.71	VRNA	Verona Pharma PLC	Pair Corr
0.63	VRTX	Vertex Pharmaceuticals	Pair Corr
0.54	EDSA	Edesa Biotech	Pair Corr
0.44	VNDA	Vanda Pharmaceuticals	Pair Corr
0.44	VTVT	vTv Therapeutics	Pair Corr
0.42	VSTM	Verastem	Pair Corr
0.41	EDIT	Editas Medicine	Pair Corr

Related Correlations Analysis

	IMMX	ZVSA	HEPA	AVRO	EFTR	CNSP	VECT	NAVB	SONN
IMMX		0.4	0.81	0.0	0.0	0.87	0.0	0.0	0.53	IMMX
ZVSA	0.4		0.24	0.0	0.0	0.53	0.0	0.0	0.4	ZVSA
HEPA	0.81	0.24		0.0	0.0	0.68	0.0	0.0	0.48	HEPA
AVRO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AVRO
EFTR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EFTR
CNSP	0.87	0.53	0.68	0.0	0.0		0.0	0.0	0.45	CNSP
VECT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VECT
NAVB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NAVB
SONN	0.53	0.4	0.48	0.0	0.0	0.45	0.0	0.0		SONN
	IMMX	ZVSA	HEPA	AVRO	EFTR	CNSP	VECT	NAVB	SONN

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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

CNSP	+ 0.87	IMMX
HEPA	+ 0.81	IMMX
CNSP	+ 0.68	HEPA
SONN	+ 0.53	IMMX
CNSP	+ 0.53	ZVSA
SONN	+ 0.48	HEPA

High negative correlations

SONN	- 0.0	NAVB
SONN	- 0.0	VECT
NAVB	- 0.0	VECT
NAVB	- 0.0	CNSP
VECT	- 0.0	CNSP
SONN	- 0.0	EFTR

Risk-Adjusted Indicators

There is a big difference between Celularity Stock performing well and Celularity 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 Celularity'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
IMMX	3.52	(0.09)	3.76	6.82	(7.88)	26.42
ZVSA	4.48	(0.44)	(1.36)	12.03	(8.20)	38.26
HEPA	9.86	(4.04)	(7.21)	16.37	(31.39)	90.05
AVRO	0.00	0.00	0.00	0.00	0.00	0.00
EFTR	0.00	0.00	0.00	0.00	0.00	0.00
CNSP	5.58	(0.20)	(0.93)	12.10	(10.84)	70.89
VECT	0.00	0.00	0.00	0.00	0.00	0.00
NAVB	0.00	0.00	0.00	0.00	0.00	0.00
SONN	3.50	(0.31)	(0.45)	8.57	(7.33)	44.37

Celularity Corporate Management

Carlos Ramirez	SVP Relations	Profile
Sharmila MD	Senior Safety	Profile
CFA CFA	Chief Officer	Profile
Tim Wilk	Senior Operations	Profile
Ramji Krishnan	Chief Officer	Profile
Bradley Glover	Ex COO	Profile
CPA MS	Treasurer	Profile

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