Evogene Correlations

EVGN Stock

USD 1.42 0.04 2.90%

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

Significant diversification

The correlation between Evogene and DJI is 0.08 (i.e., Significant 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 against Evogene Stock

0.35	RNAC	Cartesian Therapeutics Earnings Call This Week	Pair Corr
0.52	COST	Costco Wholesale Corp	Pair Corr
0.42	PIFMY	Indofood Sukses Makmur	Pair Corr
0.41	MCD	McDonalds	Pair Corr
0.36	WPM	Wheaton Precious Metals	Pair Corr

Related Correlations Analysis

	RCUS	FATE	SURF	PLUR	LEXX	NAVB	ZVSA	BDRX	ONCR	CANF
RCUS		0.68	0.0	0.57	0.92	0.0	-0.5	0.37	0.0	0.11	RCUS
FATE	0.68		0.0	0.88	0.69	0.0	-0.71	0.54	0.0	0.64	FATE
SURF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SURF
PLUR	0.57	0.88	0.0		0.51	0.0	-0.56	0.48	0.0	0.64	PLUR
LEXX	0.92	0.69	0.0	0.51		0.0	-0.5	0.37	0.0	0.21	LEXX
NAVB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NAVB
ZVSA	-0.5	-0.71	0.0	-0.56	-0.5	0.0		-0.25	0.0	-0.33	ZVSA
BDRX	0.37	0.54	0.0	0.48	0.37	0.0	-0.25		0.0	0.23	BDRX
ONCR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ONCR
CANF	0.11	0.64	0.0	0.64	0.21	0.0	-0.33	0.23	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	+ 0.92	RCUS
PLUR	+ 0.88	FATE
LEXX	+ 0.69	FATE
FATE	+ 0.68	RCUS
CANF	+ 0.64	FATE
CANF	+ 0.64	PLUR

High negative correlations

ZVSA	- 0.71	FATE
ZVSA	- 0.56	PLUR
ZVSA	- 0.5	LEXX
ZVSA	- 0.5	RCUS
CANF	- 0.33	ZVSA
BDRX	- 0.25	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	2.55	(0.47)	0.00	(0.52)	0.00	0.00	3.24	(5.66)	24.78
FATE	5.46	(0.36)	0.00	0.46	0.00	0.00	11.76	(11.47)	34.46
SURF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PLUR	2.91	(0.17)	0.00	(0.23)	0.00	0.00	6.40	(4.98)	15.45
LEXX	3.65	(0.42)	0.00	(0.37)	0.00	0.00	7.24	(6.31)	30.60
NAVB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZVSA	3.94	(0.01)	0.00	0.10	0.00	0.00	12.03	(6.96)	34.10
BDRX	4.75	0.13	0.02	0.07	5.36	(6.42)	12.30	(8.72)	43.72
ONCR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CANF	3.50	(0.10)	0.00	(0.13)	0.00	0.00	7.65	(5.96)	27.75

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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