Elicio Therapeutics Correlations

ELTX Stock

8.75 0.63 7.76%

The current 90-days correlation between Elicio Therapeutics and Beyond Meat is 0.15 (i.e., Average diversification). The correlation of Elicio Therapeutics 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.

Elicio Therapeutics Correlation With Market

Significant diversification

The correlation between Elicio Therapeutics and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elicio Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elicio Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Elicio Stock

0.71	AZN	AstraZeneca PLC ADR	Pair Corr
0.64	LLY	Eli Lilly	Pair Corr
0.84	PLX	Protalix Biotherapeutics	Pair Corr
0.75	SNY	Sanofi ADR	Pair Corr
0.71	DRMAW	Dermata Therapeutics	Pair Corr
0.69	NVCT	Nuvectis Pharma	Pair Corr
0.73	AMGN	Amgen Inc	Pair Corr

Moving against Elicio Stock

0.88	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.79	ZURA	Zura Bio Limited	Pair Corr
0.72	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.69	INBX	Inhibrx Symbol Change	Pair Corr
0.63	ELVN	Enliven Therapeutics	Pair Corr
0.62	IMMX	Immix Biopharma	Pair Corr
0.61	MRK	Merck Company	Pair Corr
0.57	CDIOW	Cardio Diagnostics	Pair Corr
0.46	IMRX	Immuneering Corp	Pair Corr
0.35	GPCR	Structure Therapeutics	Pair Corr
0.86	CDIO	Cardio Diagnostics	Pair Corr
0.8	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.72	ATNF	180 Life Sciences	Pair Corr
0.68	CGEM	Cullinan Oncology LLC	Pair Corr
0.62	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.61	BIIB	Biogen Inc	Pair Corr
0.58	SCLX	Scilex Holding	Pair Corr
0.54	PYXS	Pyxis Oncology	Pair Corr
0.52	PMVP	Pmv Pharmaceuticals	Pair Corr
0.5	CNSP	Cns Pharmaceuticals Earnings Call This Week	Pair Corr
0.44	AVTE	Aerovate Therapeutics	Pair Corr
0.43	ADVM	Adverum Biotechnologies	Pair Corr
0.38	CELC	Celcuity LLC Earnings Call Tomorrow	Pair Corr
0.34	PHIO	Phio Pharmaceuticals Corp Earnings Call This Week	Pair Corr
0.32	CMND	Clearmind Medicine Common	Pair Corr

Related Correlations Analysis

	KHC	WB	IAS	PLAY	PINS	NIPMY	BYND
KHC		0.36	-0.14	-0.37	-0.1	0.0	-0.51	KHC
WB	0.36		-0.04	-0.6	0.62	0.0	-0.17	WB
IAS	-0.14	-0.04		0.56	0.32	0.0	0.43	IAS
PLAY	-0.37	-0.6	0.56		-0.29	0.0	0.64	PLAY
PINS	-0.1	0.62	0.32	-0.29		0.0	0.14	PINS
NIPMY	0.0	0.0	0.0	0.0	0.0		0.0	NIPMY
BYND	-0.51	-0.17	0.43	0.64	0.14	0.0		BYND
	KHC	WB	IAS	PLAY	PINS	NIPMY	BYND

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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

BYND	+ 0.64	PLAY
PINS	+ 0.62	WB
PLAY	+ 0.56	IAS
BYND	+ 0.43	IAS
WB	+ 0.36	KHC
PINS	+ 0.32	IAS

High negative correlations

PLAY	- 0.6	WB
BYND	- 0.51	KHC
PLAY	- 0.37	KHC
PINS	- 0.29	PLAY
BYND	- 0.17	WB
IAS	- 0.14	KHC

Risk-Adjusted Indicators

There is a big difference between Elicio Stock performing well and Elicio Therapeutics 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 Elicio Therapeutics' 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
KHC	1.28	(0.07)	0.00	(0.34)	0.00	0.00	2.23	(3.25)	7.69
WB	2.25	(0.01)	0.02	(0.54)	2.78	(2.25)	4.82	(4.94)	11.06
IAS	1.44	(0.19)	0.00	(0.26)	0.00	0.00	1.95	(3.51)	14.44
PLAY	3.20	(0.34)	0.00	(0.41)	0.00	0.00	7.82	(8.38)	20.23
PINS	2.13	0.19	0.08	0.15	2.35	(2.64)	5.04	(4.63)	26.52
NIPMY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYND	3.04	0.00	0.00	(0.06)	0.00	0.00	7.07	(5.39)	22.07

Elicio Therapeutics Corporate Management

Joy Seymour	VP Affairs	Profile
Esther Welkowsky	Senior Development	Profile
Peter DeMuth	Chief Officer	Profile
Michael DiVecchia	Senior Resources	Profile
Megan Filoon	Secretary Counsel	Profile
Brian Piekos	Chief Officer	Profile

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