EUDA Health Correlations

EUDA Stock

3.98 0.08 1.97%

The correlation of EUDA Health 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.

EUDA Health Correlation With Market

Good diversification

The correlation between EUDA Health Holdings and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EUDA Health Holdings 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 EUDA Health Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with EUDA Stock

0.66	ELVN	Enliven Therapeutics	Pair Corr
0.67	ZURA	Zura Bio Limited	Pair Corr
0.68	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.66	PMVP	Pmv Pharmaceuticals	Pair Corr

Moving against EUDA Stock

0.63	RVP	Retractable Technologies Earnings Call This Week	Pair Corr
0.58	PLX	Protalix Biotherapeutics	Pair Corr
0.5	MLSS	Milestone Scientific Earnings Call This Week	Pair Corr
0.39	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.37	LUCD	Lucid Diagnostics	Pair Corr
0.32	GOSS	Gossamer Bio	Pair Corr
0.4	NVCT	Nuvectis Pharma	Pair Corr

Related Correlations Analysis

	HCTI	BFRG	MGRX	UTRS	SNCE	FOXO	ACON	AUGX	ETAO	BEAT
HCTI		0.07	-0.79	0.0	0.0	0.73	0.78	0.0	0.0	0.41	HCTI
BFRG	0.07		0.26	0.0	0.0	0.17	-0.11	0.0	0.0	0.16	BFRG
MGRX	-0.79	0.26		0.0	0.0	-0.71	-0.71	0.0	0.0	-0.45	MGRX
UTRS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	UTRS
SNCE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SNCE
FOXO	0.73	0.17	-0.71	0.0	0.0		0.71	0.0	0.0	0.77	FOXO
ACON	0.78	-0.11	-0.71	0.0	0.0	0.71		0.0	0.0	0.4	ACON
AUGX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AUGX
ETAO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ETAO
BEAT	0.41	0.16	-0.45	0.0	0.0	0.77	0.4	0.0	0.0		BEAT
	HCTI	BFRG	MGRX	UTRS	SNCE	FOXO	ACON	AUGX	ETAO	BEAT

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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

ACON	+ 0.78	HCTI
BEAT	+ 0.77	FOXO
FOXO	+ 0.73	HCTI
ACON	+ 0.71	FOXO
BEAT	+ 0.41	HCTI
BEAT	+ 0.4	ACON

High negative correlations

MGRX	- 0.79	HCTI
ACON	- 0.71	MGRX
FOXO	- 0.71	MGRX
BEAT	- 0.45	MGRX
ACON	- 0.11	BFRG
BEAT	- 0.0	ETAO

Risk-Adjusted Indicators

There is a big difference between EUDA Stock performing well and EUDA Health 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 EUDA Health'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
HCTI	9.29	(0.31)	0.00	(0.29)	0.00	0.00	34.21	(17.24)	86.11
BFRG	5.99	0.03	0.00	(0.05)	0.00	0.00	13.68	(10.12)	37.95
MGRX	5.21	1.07	0.19	2.65	5.47	(6.59)	13.12	(8.26)	39.98
UTRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SNCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FOXO	6.91	(0.97)	0.00	(1.49)	0.00	0.00	14.29	(12.50)	88.13
ACON	14.76	(2.15)	0.00	(2.71)	0.00	0.00	27.38	(30.93)	204.01
AUGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BEAT	2.81	(0.57)	0.00	(0.74)	0.00	0.00	5.83	(7.08)	14.00

EUDA Health Corporate Management

Wei Chen	CEO Director	Profile
Steven Sobak	Chief Officer	Profile
Daniel Tan	Chief Officer	Profile
Yew CPA	Chief Officer	Profile

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