Evogene Correlations

EVGN Stock

USD 1.43 0.01 0.69%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evogene moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evogene moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evogene Correlation With Market

Modest diversification

The correlation between Evogene and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evogene 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 Evogene. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

To learn how to invest in Evogene Stock, please use our How to Invest in Evogene guide.

Moving together with Evogene Stock

0.61	DRMA	Dermata Therapeutics	Pair Corr
0.64	VRAX	Virax Biolabs Group	Pair Corr
0.75	VTGN	VistaGen Therapeutics	Pair Corr

Moving against Evogene Stock

0.39	DVAX	Dynavax Technologies	Pair Corr
0.34	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.59	VRTX	Vertex Pharmaceuticals	Pair Corr
0.56	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.38	VTVT	vTv Therapeutics Trending	Pair Corr
0.34	EDIT	Editas Medicine	Pair Corr

Related Correlations Analysis

	RCUS	FATE	SURF	PLUR	LEXX	NAVB	ZVSA	BDRX	ONCR	CANF
RCUS		0.85	0.0	0.16	0.95	0.0	0.26	0.69	0.0	-0.27	RCUS
FATE	0.85		0.0	0.38	0.82	0.0	0.02	0.58	0.0	-0.01	FATE
SURF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SURF
PLUR	0.16	0.38	0.0		0.13	0.0	-0.44	-0.18	0.0	0.13	PLUR
LEXX	0.95	0.82	0.0	0.13		0.0	0.17	0.61	0.0	-0.18	LEXX
NAVB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NAVB
ZVSA	0.26	0.02	0.0	-0.44	0.17	0.0		0.65	0.0	-0.14	ZVSA
BDRX	0.69	0.58	0.0	-0.18	0.61	0.0	0.65		0.0	-0.27	BDRX
ONCR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ONCR
CANF	-0.27	-0.01	0.0	0.13	-0.18	0.0	-0.14	-0.27	0.0		CANF
	RCUS	FATE	SURF	PLUR	LEXX	NAVB	ZVSA	BDRX	ONCR	CANF

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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

LEXX	+ 0.95	RCUS
FATE	+ 0.85	RCUS
LEXX	+ 0.82	FATE
BDRX	+ 0.69	RCUS
BDRX	+ 0.65	ZVSA
BDRX	+ 0.61	LEXX

High negative correlations

ZVSA	- 0.44	PLUR
CANF	- 0.27	BDRX
CANF	- 0.27	RCUS
CANF	- 0.18	LEXX
BDRX	- 0.18	PLUR
CANF	- 0.14	ZVSA

Risk-Adjusted Indicators

There is a big difference between Evogene Stock performing well and Evogene 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 Evogene'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
RCUS	2.70	(0.82)	0.00	(0.86)	0.00	0.00	3.18	(6.29)	22.17
FATE	5.01	(1.17)	0.00	(0.65)	0.00	0.00	9.29	(11.47)	22.21
SURF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLUR	2.57	(0.05)	0.00	(0.16)	0.00	0.00	5.86	(4.72)	14.82
LEXX	3.98	(0.47)	0.00	(0.36)	0.00	0.00	7.24	(8.08)	22.45
NAVB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZVSA	4.60	(0.09)	0.00	(0.16)	0.00	0.00	12.03	(8.20)	38.26
BDRX	4.50	(0.85)	0.00	(0.55)	0.00	0.00	10.02	(11.63)	52.99
ONCR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANF	2.90	0.22	0.06	0.15	3.15	(3.45)	6.29	(5.42)	25.19

Evogene Corporate Management

Rachel Gerber	Head Relations	Profile
Russ Putland	Vice Ltd	Profile
Amit res	Chief Ltd	Profile
Dan Gelvan	Chief Ltd	Profile
Dotan Borenstein	Chief Ltd	Profile
Yaron Eldad	Chief Officer	Profile

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