CytoMed Therapeutics Correlations

GDTC Stock

2.96 0.47 13.70%

The current 90-days correlation between CytoMed Therapeutics and Bionomics Limited is -0.14 (i.e., Good diversification). The correlation of CytoMed Therapeutics 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.

CytoMed Therapeutics Correlation With Market

Good diversification

The correlation between CytoMed Therapeutics Limited and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CytoMed Therapeutics Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in CytoMed Therapeutics Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with CytoMed Stock

0.61	ARGX	argenx NV ADR	Pair Corr
0.75	TKNO	Alpha Teknova	Pair Corr

Moving against CytoMed Stock

0.57	DNLI	Denali Therapeutics Buyout Trend	Pair Corr
0.56	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.41	UPC	Universe Pharmaceuticals	Pair Corr
0.37	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.56	AMGN	Amgen Inc	Pair Corr
0.49	RARE	Ultragenyx	Pair Corr
0.36	ALNY	Alnylam Pharmaceuticals	Pair Corr
0.35	PAHC	Phibro Animal Health	Pair Corr
0.32	APGE	Apogee Therapeutics,	Pair Corr
0.31	AKAN	Akanda Corp	Pair Corr
0.7	VNTN	VentureNet Capital	Pair Corr
0.59	AFFL	Affiliated Resources Corp	Pair Corr
0.41	688520	Sinocelltech Group	Pair Corr

Related Correlations Analysis

	BNOEF	OKYO	CADL	ANEB	CINGW	NBIO	PKTX	RSPI	SILO
BNOEF		-0.05	-0.1	0.3	0.14	0.36	-0.18	0.27	0.37	BNOEF
OKYO	-0.05		0.15	0.14	-0.1	0.17	0.17	0.13	0.19	OKYO
CADL	-0.1	0.15		-0.15	0.33	-0.4	0.13	-0.1	-0.44	CADL
ANEB	0.3	0.14	-0.15		0.59	0.22	0.18	0.64	0.6	ANEB
CINGW	0.14	-0.1	0.33	0.59		-0.22	0.17	0.3	0.14	CINGW
NBIO	0.36	0.17	-0.4	0.22	-0.22		-0.05	0.21	0.57	NBIO
PKTX	-0.18	0.17	0.13	0.18	0.17	-0.05		0.2	0.02	PKTX
RSPI	0.27	0.13	-0.1	0.64	0.3	0.21	0.2		0.7	RSPI
SILO	0.37	0.19	-0.44	0.6	0.14	0.57	0.02	0.7		SILO
	BNOEF	OKYO	CADL	ANEB	CINGW	NBIO	PKTX	RSPI	SILO

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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

SILO	+ 0.7	RSPI
RSPI	+ 0.64	ANEB
SILO	+ 0.6	ANEB
CINGW	+ 0.59	ANEB
SILO	+ 0.57	NBIO
SILO	+ 0.37	BNOEF

High negative correlations

SILO	- 0.44	CADL
NBIO	- 0.4	CADL
NBIO	- 0.22	CINGW
PKTX	- 0.18	BNOEF
ANEB	- 0.15	CADL
RSPI	- 0.1	CADL

Risk-Adjusted Indicators

There is a big difference between CytoMed Stock performing well and CytoMed Therapeutics 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 CytoMed Therapeutics' 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
BNOEF	23.90	4.07	0.16	0.44	19.78	(43.50)	86.34	(43.33)	181.72
OKYO	2.73	0.26	0.06	(0.41)	3.09	(3.73)	5.10	(3.92)	29.99
CADL	6.68	1.01	0.15	0.93	6.24	(9.68)	21.74	(10.37)	99.24
ANEB	4.31	(0.08)	0.00	(1.57)	0.00	0.00	7.64	(9.76)	35.55
CINGW	13.24	1.64	0.09	0.53	15.06	(14.79)	41.67	(30.77)	102.71
NBIO	6.86	0.77	0.07	0.52	8.10	(9.72)	21.35	(15.82)	76.58
PKTX	7.43	0.78	0.06	(0.34)	9.73	(10.97)	25.00	(21.15)	64.26
RSPI	12.61	4.45	0.44	3.58	7.99	(19.33)	34.62	(14.29)	67.61
SILO	3.96	0.05	0.01	0.22	5.24	(4.28)	9.09	(8.70)	26.58

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