Cyclacel Pharmaceuticals Correlations

CYCC Stock

USD 0.45 0.04 9.76%

The correlation of Cyclacel Pharmaceuticals 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.

Cyclacel Pharmaceuticals Correlation With Market

Significant diversification

The correlation between Cyclacel Pharmaceuticals and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cyclacel Pharmaceuticals 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 Cyclacel Pharmaceuticals. 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.

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

Moving together with Cyclacel Stock

0.77	ME	23Andme Holding	Pair Corr
0.79	VALN	Valneva SE ADR	Pair Corr
0.69	DOMH	Dominari Holdings	Pair Corr
0.73	DRMA	Dermata Therapeutics	Pair Corr
0.71	DRRX	Durect	Pair Corr
0.81	DTIL	Precision BioSciences	Pair Corr
0.75	VINC	Vincerx Pharma	Pair Corr
0.88	VIRX	Viracta Therapeutics	Pair Corr
0.8	VRCA	Verrica Pharmaceuticals	Pair Corr
0.65	VTGN	VistaGen Therapeutics	Pair Corr

Moving against Cyclacel Stock

0.8	VCYT	Veracyte	Pair Corr
0.79	VERA	Vera Therapeutics	Pair Corr
0.76	VCEL	Vericel Corp Ord	Pair Corr
0.76	SABSW	SAB Biotherapeutics	Pair Corr
0.61	DRUG	Bright Minds Biosciences	Pair Corr
0.56	VANI	Vivani Medical	Pair Corr
0.46	DSGN	Design Therapeutics	Pair Corr
0.38	DMAC	DiaMedica Therapeutics	Pair Corr
0.31	DRTS	Alpha Tau Medical	Pair Corr
0.8	DVAX	Dynavax Technologies	Pair Corr
0.8	VRNA	Verona Pharma PLC	Pair Corr
0.8	VSTM	Verastem Trending	Pair Corr
0.78	VTRS	Viatris	Pair Corr
0.36	KTTAW	Pasithea Therapeutics	Pair Corr
0.34	DYAI	Dyadic International	Pair Corr
0.33	VNDA	Vanda Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ELYM	IKNA	OVID	CNTB	EWTX	RZLT	CYT	XOMAO	PTIX	TPST
ELYM		-0.34	-0.17	0.51	-0.78	-0.36	-0.42	-0.79	0.35	0.8	ELYM
IKNA	-0.34		0.48	-0.18	0.45	0.43	0.01	0.38	-0.05	-0.23	IKNA
OVID	-0.17	0.48		0.03	0.45	0.62	-0.54	0.42	-0.03	0.0	OVID
CNTB	0.51	-0.18	0.03		-0.39	-0.36	-0.54	-0.16	-0.11	0.7	CNTB
EWTX	-0.78	0.45	0.45	-0.39		0.45	0.13	0.9	-0.48	-0.67	EWTX
RZLT	-0.36	0.43	0.62	-0.36	0.45		-0.19	0.41	0.23	-0.35	RZLT
CYT	-0.42	0.01	-0.54	-0.54	0.13	-0.19		0.07	-0.03	-0.45	CYT
XOMAO	-0.79	0.38	0.42	-0.16	0.9	0.41	0.07		-0.49	-0.59	XOMAO
PTIX	0.35	-0.05	-0.03	-0.11	-0.48	0.23	-0.03	-0.49		0.29	PTIX
TPST	0.8	-0.23	0.0	0.7	-0.67	-0.35	-0.45	-0.59	0.29		TPST
	ELYM	IKNA	OVID	CNTB	EWTX	RZLT	CYT	XOMAO	PTIX	TPST

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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

XOMAO	+ 0.9	EWTX
TPST	+ 0.8	ELYM
TPST	+ 0.7	CNTB
RZLT	+ 0.62	OVID
CNTB	+ 0.51	ELYM
OVID	+ 0.48	IKNA

High negative correlations

XOMAO	- 0.79	ELYM
EWTX	- 0.78	ELYM
TPST	- 0.67	EWTX
TPST	- 0.59	XOMAO
CYT	- 0.54	CNTB
CYT	- 0.54	OVID

Risk-Adjusted Indicators

There is a big difference between Cyclacel Stock performing well and Cyclacel Pharmaceuticals 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 Cyclacel Pharmaceuticals' 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
ELYM	3.90	(0.70)	0.00	0.60	0.00	0.00	6.21	(9.35)	34.87
IKNA	0.90	(0.07)	0.00	(0.02)	0.00	0.00	1.81	(1.73)	5.87
OVID	2.71	(0.25)	(0.02)	0.01	3.44	(3.34)	5.50	(5.74)	19.20
CNTB	3.93	(0.54)	0.00	(0.33)	0.00	0.00	8.47	(9.01)	22.90
EWTX	3.42	0.73	0.26	0.36	2.78	(3.90)	6.65	(4.64)	61.02
RZLT	2.83	0.11	0.04	0.18	3.11	(3.27)	6.80	(5.54)	30.01
CYT	2.76	0.70	0.13	(0.44)	2.57	(3.47)	10.00	(5.26)	36.14
XOMAO	0.25	0.00	(0.26)	0.00	0.23	(0.30)	0.51	(0.40)	2.44
PTIX	6.79	0.24	0.00	(0.09)	8.41	(7.35)	18.33	(13.00)	47.50
TPST	3.91	(0.60)	0.00	(0.36)	0.00	0.00	6.38	(8.53)	29.55

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