Ensysce Biosciences Correlations

ENSC Stock

USD 3.45 0.11 3.09%

The current 90-days correlation between Ensysce Biosciences and Sonnet Biotherapeutics Holdings is 0.1 (i.e., Average diversification). The correlation of Ensysce Biosciences 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.

Ensysce Biosciences Correlation With Market

Modest diversification

The correlation between Ensysce Biosciences and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ensysce Biosciences 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 Ensysce Biosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Ensysce Stock

0.68	CDIOW	Cardio Diagnostics	Pair Corr
0.67	ELVN	Enliven Therapeutics	Pair Corr
0.75	SCLX	Scilex Holding	Pair Corr
0.89	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.63	CDIO	Cardio Diagnostics	Pair Corr
0.76	CMND	Clearmind Medicine Common	Pair Corr
0.7	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.77	MSFT	Microsoft	Pair Corr

Moving against Ensysce Stock

0.83	WM	Waste Management	Pair Corr
0.82	LUCD	Lucid Diagnostics	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.5	PG	Procter Gamble	Pair Corr
0.44	PLX	Protalix Biotherapeutics	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.84	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.71	IBM	International Business	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.7	CVX	Chevron Corp	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.56	INTC	Intel	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr
0.36	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	ZURA	PHIO	SONN	ATNF	CDIO	VRAX	BWV	REVB	HILS	KPRX
ZURA		0.41	0.45	0.83	0.86	0.61	0.0	0.72	0.0	0.25	ZURA
PHIO	0.41		0.35	0.34	0.27	0.44	0.0	0.42	0.0	0.25	PHIO
SONN	0.45	0.35		0.26	0.32	0.56	0.0	0.4	0.0	0.67	SONN
ATNF	0.83	0.34	0.26		0.79	0.4	0.0	0.45	0.0	0.08	ATNF
CDIO	0.86	0.27	0.32	0.79		0.43	0.0	0.58	0.0	-0.02	CDIO
VRAX	0.61	0.44	0.56	0.4	0.43		0.0	0.83	0.0	0.48	VRAX
BWV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BWV
REVB	0.72	0.42	0.4	0.45	0.58	0.83	0.0		0.0	0.31	REVB
HILS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	HILS
KPRX	0.25	0.25	0.67	0.08	-0.02	0.48	0.0	0.31	0.0		KPRX
	ZURA	PHIO	SONN	ATNF	CDIO	VRAX	BWV	REVB	HILS	KPRX

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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

CDIO	+ 0.86	ZURA
ATNF	+ 0.83	ZURA
REVB	+ 0.83	VRAX
CDIO	+ 0.79	ATNF
REVB	+ 0.72	ZURA
KPRX	+ 0.67	SONN

High negative correlations

KPRX	- 0.02	CDIO
KPRX	- 0.0	HILS
HILS	- 0.0	REVB
KPRX	- 0.0	BWV
HILS	- 0.0	BWV
REVB	- 0.0	BWV

Risk-Adjusted Indicators

There is a big difference between Ensysce Stock performing well and Ensysce Biosciences 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 Ensysce Biosciences' 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
ZURA	4.61	(0.40)	0.00	(0.23)	0.00	0.00	9.79	(9.96)	29.06
PHIO	11.03	2.00	0.17	0.42	9.59	(20.72)	9.40	(10.59)	336.29
SONN	3.41	(0.21)	0.00	(0.31)	0.00	0.00	8.57	(6.40)	44.37
ATNF	4.42	(0.41)	0.00	(0.38)	0.00	0.00	7.62	(9.04)	79.11
CDIO	6.51	(0.90)	0.00	(0.31)	0.00	0.00	13.33	(15.12)	48.64
VRAX	6.22	(0.09)	0.01	0.00	6.83	(8.22)	16.67	(11.98)	59.66
BWV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REVB	5.58	(0.68)	0.00	(1.73)	0.00	0.00	11.78	(12.26)	66.25
HILS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KPRX	3.02	0.11	0.03	0.07	3.54	(3.39)	7.46	(5.65)	21.16

Ensysce Biosciences Corporate Management

MSE MBA	Chief Officer	Profile
Geoffrey Birkett	Chief Officer	Profile
Jeffrey Millard	Chief Officer	Profile
Linda Pestano	Chief Officer	Profile

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