Evaxion Biotech Correlations

EVAX Stock

USD 1.89 0.01 0.53%

The current 90-days correlation between Evaxion Biotech AS and Quoin Pharmaceuticals Ltd is -0.22 (i.e., Very good diversification). The correlation of Evaxion Biotech 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.

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

Moving together with Evaxion Stock

0.81	EYEN	Eyenovia	Pair Corr
0.61	MOLN	Molecular Partners	Pair Corr
0.83	CLDX	Celldex Therapeutics	Pair Corr
0.8	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.7	CRVS	Corvus Pharmaceuticals	Pair Corr
0.61	GKOS	Glaukos Corp	Pair Corr
0.63	LIVN	LivaNova PLC	Pair Corr
0.86	MODD	Modular Medical	Pair Corr
0.76	APYX	Apyx Medical	Pair Corr
0.83	SGHT	Sight Sciences	Pair Corr
0.85	SRDX	SurModics	Pair Corr
0.73	CNMD	CONMED	Pair Corr

Moving against Evaxion Stock

0.82	FNA	Paragon 28	Pair Corr
0.79	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.71	CMRX	Chimerix	Pair Corr
0.32	OPT	Opthea	Pair Corr
0.81	NVRO	Nevro Corp	Pair Corr
0.78	LUCD	Lucid Diagnostics	Pair Corr
0.62	NYXH	Nyxoah	Pair Corr
0.6	INMD	InMode	Pair Corr
0.57	LUNG	Pulmonx Corp	Pair Corr
0.36	KIDS	Orthopediatrics Corp	Pair Corr
0.34	MASI	Masimo	Pair Corr
0.78	BRK-A	Berkshire Hathaway	Pair Corr
0.78	BRK-B	Berkshire Hathaway	Pair Corr
0.73	FWEDF	Fireweed Zinc	Pair Corr
0.69	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.58	NHNCF	NAVER Corp	Pair Corr
0.52	TRGGF	Tarachi Gold Corp	Pair Corr

Related Correlations Analysis

	SGTX	RVPH	ZVSA	KRBP	UNCY	QNRX	ALLR	VRAX	BDRX	LYEL
SGTX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SGTX
RVPH	0.0		0.61	0.0	0.39	0.49	0.33	0.48	0.81	-0.02	RVPH
ZVSA	0.0	0.61		0.0	0.03	0.23	0.4	0.65	0.81	-0.18	ZVSA
KRBP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KRBP
UNCY	0.0	0.39	0.03	0.0		0.85	0.1	0.5	0.28	0.14	UNCY
QNRX	0.0	0.49	0.23	0.0	0.85		0.09	0.62	0.42	0.15	QNRX
ALLR	0.0	0.33	0.4	0.0	0.1	0.09		0.26	0.36	-0.15	ALLR
VRAX	0.0	0.48	0.65	0.0	0.5	0.62	0.26		0.64	-0.03	VRAX
BDRX	0.0	0.81	0.81	0.0	0.28	0.42	0.36	0.64		-0.1	BDRX
LYEL	0.0	-0.02	-0.18	0.0	0.14	0.15	-0.15	-0.03	-0.1		LYEL
	SGTX	RVPH	ZVSA	KRBP	UNCY	QNRX	ALLR	VRAX	BDRX	LYEL

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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

QNRX	+ 0.85	UNCY
BDRX	+ 0.81	RVPH
BDRX	+ 0.81	ZVSA
VRAX	+ 0.65	ZVSA
BDRX	+ 0.64	VRAX
VRAX	+ 0.62	QNRX

High negative correlations

LYEL	- 0.18	ZVSA
LYEL	- 0.15	ALLR
LYEL	- 0.1	BDRX
LYEL	- 0.03	VRAX
LYEL	- 0.02	RVPH
LYEL	- 0.0	KRBP

Risk-Adjusted Indicators

There is a big difference between Evaxion Stock performing well and Evaxion Biotech 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 Evaxion Biotech'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
SGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVPH	5.07	(0.77)	0.00	(0.27)	0.00	0.00	11.05	(11.11)	39.67
ZVSA	4.57	(0.44)	0.00	(1.24)	0.00	0.00	12.03	(8.20)	38.26
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNCY	3.85	0.00	0.00	(0.07)	0.00	0.00	7.69	(6.56)	28.72
QNRX	5.47	(1.11)	0.00	2.34	0.00	0.00	14.29	(10.53)	57.78
ALLR	5.65	0.22	0.04	0.31	6.16	(7.09)	14.58	(11.82)	47.01
VRAX	6.20	(0.08)	0.01	(0.02)	6.81	(8.22)	16.67	(11.98)	59.66
BDRX	4.92	(0.79)	0.00	(0.44)	0.00	0.00	11.58	(11.78)	52.99
LYEL	4.16	(0.30)	0.00	(0.27)	0.00	0.00	7.41	(8.96)	20.34

Evaxion Biotech Corporate Management

DMSC MD	Chief Officer	Profile
Christian MSc	Chief Officer	Profile
Jrgen EMBA	Head Board	Profile
Bo Karmark	Chief Officer	Profile
Jesper Nissen	Chief Officer	Profile
Thomas Schmidt	Interim Officer	Profile

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