Eyenovia Correlations

EYEN Stock

USD 1.67 0.01 0.60%

The current 90-days correlation between Eyenovia and Reviva Pharmaceuticals Holdings is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eyenovia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eyenovia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eyenovia Correlation With Market

Good diversification

The correlation between Eyenovia and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eyenovia 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 Eyenovia. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

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

Moving together with Eyenovia Stock

0.79	ME	23Andme Holding	Pair Corr
0.69	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.81	VERA	Vera Therapeutics	Pair Corr
0.69	DSGN	Design Therapeutics	Pair Corr
0.95	VINC	Vincerx Pharma	Pair Corr
0.83	VKTX	Viking Therapeutics	Pair Corr
0.75	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.67	VRAX	Virax Biolabs Group	Pair Corr
0.7	VRDN	Viridian Therapeutics Downward Rally	Pair Corr
0.81	VRPX	Virpax Pharmaceuticals	Pair Corr
0.79	VTRS	Viatris	Pair Corr
0.82	VTYX	Ventyx Biosciences	Pair Corr

Moving against Eyenovia Stock

0.83	VALN	Valneva SE ADR	Pair Corr
0.78	VIGL	Vigil Neuroscience	Pair Corr
0.68	DMAC	DiaMedica Therapeutics	Pair Corr
0.6	SRZNW	Surrozen Warrant	Pair Corr
0.57	DVAX	Dynavax Technologies	Pair Corr
0.52	VERV	Verve Therapeutics	Pair Corr
0.42	EQ	Equillium	Pair Corr
0.32	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.87	VRNA	Verona Pharma PLC	Pair Corr
0.83	ELTX	Elicio Therapeutics	Pair Corr
0.8	EOLS	Evolus Inc	Pair Corr
0.78	VRTX	Vertex Pharmaceuticals	Pair Corr
0.63	EDSA	Edesa Biotech	Pair Corr
0.6	VTVT	vTv Therapeutics Trending	Pair Corr
0.44	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.43	VSTM	Verastem	Pair Corr
0.34	ENTA	Enanta Pharmaceuticals	Pair Corr

Related Correlations Analysis

	RVPH	CDTX	FBIO	RVPHW	CGTX	RNAZ	KOD	BLRX	ARDX
RVPH		-0.04	0.61	0.81	0.37	0.52	0.59	0.49	0.08	RVPH
CDTX	-0.04		0.3	0.08	-0.02	-0.3	0.19	0.4	-0.15	CDTX
FBIO	0.61	0.3		0.69	0.55	-0.03	0.81	0.71	-0.18	FBIO
RVPHW	0.81	0.08	0.69		0.22	0.22	0.65	0.62	-0.02	RVPHW
CGTX	0.37	-0.02	0.55	0.22		0.12	0.59	0.2	-0.04	CGTX
RNAZ	0.52	-0.3	-0.03	0.22	0.12		0.0	-0.04	0.37	RNAZ
KOD	0.59	0.19	0.81	0.65	0.59	0.0		0.84	-0.43	KOD
BLRX	0.49	0.4	0.71	0.62	0.2	-0.04	0.84		-0.5	BLRX
ARDX	0.08	-0.15	-0.18	-0.02	-0.04	0.37	-0.43	-0.5		ARDX
	RVPH	CDTX	FBIO	RVPHW	CGTX	RNAZ	KOD	BLRX	ARDX

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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

BLRX	+ 0.84	KOD
RVPHW	+ 0.81	RVPH
KOD	+ 0.81	FBIO
BLRX	+ 0.71	FBIO
RVPHW	+ 0.69	FBIO
KOD	+ 0.65	RVPHW

High negative correlations

ARDX	- 0.5	BLRX
ARDX	- 0.43	KOD
RNAZ	- 0.3	CDTX
ARDX	- 0.18	FBIO
ARDX	- 0.15	CDTX
BLRX	- 0.04	RNAZ

Risk-Adjusted Indicators

There is a big difference between Eyenovia Stock performing well and Eyenovia 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 Eyenovia'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
RVPH	5.47	(0.27)	0.00	(0.16)	0.00	0.00	12.99	(11.11)	58.00
CDTX	3.41	0.15	0.03	0.10	5.32	(3.05)	6.73	(7.85)	22.90
FBIO	2.81	(0.29)	0.00	(1.34)	0.00	0.00	5.19	(5.78)	22.19
RVPHW	13.16	(0.99)	0.00	(0.42)	0.00	0.00	27.27	(24.32)	96.02
CGTX	4.76	0.30	0.05	0.10	4.37	(7.31)	11.84	(6.94)	39.60
RNAZ	10.21	(2.27)	0.00	2.62	0.00	0.00	28.00	(24.78)	94.32
KOD	4.62	(1.27)	0.00	(0.72)	0.00	0.00	7.81	(9.57)	34.21
BLRX	5.19	(1.29)	0.00	(2.18)	0.00	0.00	9.73	(15.04)	60.21
ARDX	3.13	0.27	0.05	0.10	4.20	(3.59)	8.32	(5.22)	27.51

Eyenovia Corporate Management

Andrew Jones	Chief Officer	Profile
Bren Kern	VP Operations	Profile
Enrico Brambilla	Senior RD	Profile
Tony Cardinale	Vice Sales	Profile
Norbert Lowe	Senior Operations	Profile
Alexander Lobo	Investor Contact	Profile

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