Cybin Correlations

CYBN Stock

USD 7.60 0.05 0.65%

The current 90-days correlation between Cybin Inc and ATAI Life Sciences is 0.48 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cybin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cybin Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cybin Correlation With Market

Weak diversification

The correlation between Cybin Inc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cybin Inc 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 Cybin Inc. 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 labor statistics.

Moving together with Cybin Stock

0.76	A	Agilent Technologies	Pair Corr
0.84	ME	23Andme Holding	Pair Corr
0.84	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.92	DNLI	Denali Therapeutics	Pair Corr
0.82	VCEL	Vericel Corp Ord	Pair Corr
0.93	VCYT	Veracyte	Pair Corr
0.72	VERA	Vera Therapeutics	Pair Corr
0.65	VKTX	Viking Therapeutics	Pair Corr
0.66	VRCA	Verrica Pharmaceuticals	Pair Corr
0.77	VRDN	Viridian Therapeutics	Pair Corr
0.7	VRPX	Virpax Pharmaceuticals	Pair Corr
0.75	VTRS	Viatris	Pair Corr
0.78	VTYX	Ventyx Biosciences	Pair Corr

Moving against Cybin Stock

0.75	DVAX	Dynavax Technologies	Pair Corr
0.54	VALN	Valneva SE ADR Earnings Call Today	Pair Corr
0.61	VRNA	Verona Pharma PLC Buyout Trend	Pair Corr
0.45	VRTX	Vertex Pharmaceuticals	Pair Corr
0.43	EDSA	Edesa Biotech	Pair Corr
0.42	VNDA	Vanda Pharmaceuticals	Pair Corr
0.36	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	MNMD	SEEL	GHRS	AWKNF	ATAI	FBIO	BPTH	VCNX	ELYM	OPT
MNMD		0.0	0.56	0.03	0.76	0.08	0.18	0.0	0.0	0.58	MNMD
SEEL	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEEL
GHRS	0.56	0.0		-0.1	0.86	-0.42	-0.04	0.0	0.0	0.68	GHRS
AWKNF	0.03	0.0	-0.1		-0.03	0.14	0.05	0.0	0.0	-0.08	AWKNF
ATAI	0.76	0.0	0.86	-0.03		-0.2	0.09	0.0	0.0	0.75	ATAI
FBIO	0.08	0.0	-0.42	0.14	-0.2		0.04	0.0	0.0	-0.27	FBIO
BPTH	0.18	0.0	-0.04	0.05	0.09	0.04		0.0	0.0	0.42	BPTH
VCNX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	VCNX
ELYM	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ELYM
OPT	0.58	0.0	0.68	-0.08	0.75	-0.27	0.42	0.0	0.0		OPT
	MNMD	SEEL	GHRS	AWKNF	ATAI	FBIO	BPTH	VCNX	ELYM	OPT

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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

ATAI	+ 0.86	GHRS
ATAI	+ 0.76	MNMD
OPT	+ 0.75	ATAI
OPT	+ 0.68	GHRS
OPT	+ 0.58	MNMD
GHRS	+ 0.56	MNMD

High negative correlations

FBIO	- 0.42	GHRS
OPT	- 0.27	FBIO
FBIO	- 0.2	ATAI
AWKNF	- 0.1	GHRS
OPT	- 0.08	AWKNF
BPTH	- 0.04	GHRS

Risk-Adjusted Indicators

There is a big difference between Cybin Stock performing well and Cybin 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 Cybin'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
MNMD	4.30	0.05	0.00	(0.07)	0.00	0.00	9.98	(9.67)	28.29
SEEL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GHRS	5.09	0.88	0.17	3.36	5.09	(6.22)	10.86	(9.93)	80.36
AWKNF	0.55	(0.28)	0.00	(3.12)	0.00	0.00	0.00	0.00	18.44
ATAI	5.06	0.32	0.04	0.09	6.32	(5.06)	14.35	(10.61)	35.09
FBIO	2.89	(0.23)	0.00	(2.72)	0.00	0.00	9.76	(5.78)	22.19
BPTH	8.68	(0.33)	0.00	(0.29)	0.00	0.00	15.63	(15.44)	189.05
VCNX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPT	4.28	0.24	0.00	(0.01)	0.00	0.00	8.61	(7.55)	44.59

Cybin Corporate Management

Erica Olson	VP Controller	Profile
Alex Nivorozhkin	Chief Officer	Profile
Greg Cavers	Chief Officer	Profile
Gabriel Fahel	Chief Secretary	Profile
John Kanakis	CoFounder	Profile
Douglas Drysdale	Chief Officer	Profile

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