Cocrystal Pharma Correlations

COCP Stock

USD 1.56 0.01 0.65%

The current 90-days correlation between Cocrystal Pharma and RenovoRx is 0.08 (i.e., Significant diversification). The correlation of Cocrystal Pharma 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.

Cocrystal Pharma Correlation With Market

Good diversification

The correlation between Cocrystal Pharma and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cocrystal Pharma 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 Cocrystal Pharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Cocrystal Stock, please use our How to Invest in Cocrystal Pharma guide.

Moving together with Cocrystal Stock

0.76	EYEN	Eyenovia	Pair Corr
0.66	CGC	Canopy Growth Corp	Pair Corr
0.72	MREO	Mereo BioPharma Group	Pair Corr
0.73	ANNX	Annexon Earnings Call This Week	Pair Corr
0.7	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.65	BLUE	Bluebird bio Earnings Call This Week	Pair Corr
0.77	TLRY	Tilray Inc	Pair Corr
0.66	CLDX	Celldex Therapeutics	Pair Corr
0.61	CRNX	Crinetics Pharmaceuticals	Pair Corr

Moving against Cocrystal Stock

0.7	NVRO	Nevro Corp	Pair Corr
0.64	FNA	Paragon 28	Pair Corr
0.61	INMD	InMode	Pair Corr
0.61	LUCD	Lucid Diagnostics	Pair Corr
0.6	CMRX	Chimerix	Pair Corr
0.6	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.52	NYXH	Nyxoah	Pair Corr
0.36	LUNG	Pulmonx Corp	Pair Corr
0.35	MASI	Masimo	Pair Corr

Related Correlations Analysis

	ZIVO	RNXT	TPST	IKNA	CBIO	MBRX	PULM	CYCC	AKTX	QNRX
ZIVO		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ZIVO
RNXT	0.0		0.52	0.65	0.0	0.48	-0.58	0.58	0.55	0.6	RNXT
TPST	0.0	0.52		0.19	0.0	0.06	0.07	0.42	0.61	-0.01	TPST
IKNA	0.0	0.65	0.19		0.0	0.69	-0.62	0.61	0.17	0.83	IKNA
CBIO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CBIO
MBRX	0.0	0.48	0.06	0.69	0.0		-0.54	0.56	0.05	0.72	MBRX
PULM	0.0	-0.58	0.07	-0.62	0.0	-0.54		-0.37	-0.09	-0.71	PULM
CYCC	0.0	0.58	0.42	0.61	0.0	0.56	-0.37		0.41	0.62	CYCC
AKTX	0.0	0.55	0.61	0.17	0.0	0.05	-0.09	0.41		0.16	AKTX
QNRX	0.0	0.6	-0.01	0.83	0.0	0.72	-0.71	0.62	0.16		QNRX
	ZIVO	RNXT	TPST	IKNA	CBIO	MBRX	PULM	CYCC	AKTX	QNRX

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

QNRX	+ 0.83	IKNA
QNRX	+ 0.72	MBRX
MBRX	+ 0.69	IKNA
IKNA	+ 0.65	RNXT
QNRX	+ 0.62	CYCC
AKTX	+ 0.61	TPST

High negative correlations

QNRX	- 0.71	PULM
PULM	- 0.62	IKNA
PULM	- 0.58	RNXT
PULM	- 0.54	MBRX
CYCC	- 0.37	PULM
AKTX	- 0.09	PULM

Risk-Adjusted Indicators

There is a big difference between Cocrystal Stock performing well and Cocrystal Pharma 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 Cocrystal Pharma'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
ZIVO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RNXT	3.29	(0.28)	0.00	(0.51)	0.00	0.00	6.92	(8.04)	30.92
TPST	2.76	0.15	0.03	0.02	3.36	(3.55)	5.13	(5.49)	26.61
IKNA	2.00	(0.30)	0.00	(0.77)	0.00	0.00	4.65	(3.73)	16.13
CBIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MBRX	10.68	1.18	0.09	0.16	9.09	(17.58)	13.33	(17.65)	223.28
PULM	4.55	0.55	0.13	(1.12)	4.85	(5.28)	9.74	(8.34)	41.84
CYCC	3.90	(0.17)	0.00	(0.25)	0.00	0.00	9.38	(8.11)	35.14
AKTX	5.19	1.00	0.17	1.05	5.29	(6.85)	18.18	(9.00)	41.26
QNRX	5.47	(1.11)	0.00	2.34	0.00	0.00	14.29	(10.53)	57.78

Cocrystal Pharma Corporate Executives

Elected by the shareholders, the Cocrystal Pharma's board of directors comprises two types of representatives: Cocrystal Pharma inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cocrystal. The board's role is to monitor Cocrystal Pharma's management team and ensure that shareholders' interests are well served. Cocrystal Pharma'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, Cocrystal Pharma's outside directors are responsible for providing unbiased perspectives on the board's policies.

Sam Lee	Co-Founder and Pres	Profile
Roger Kornberg	Independent CoFounder	Profile
Prof Kornberg	Independent CoFounder	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