Galmed Pharmaceuticals Correlations

GLMD Stock

USD 2.19 0.07 3.10%

The current 90-days correlation between Galmed Pharmaceuticals and Mustang Bio is 0.07 (i.e., Significant diversification). The correlation of Galmed Pharmaceuticals 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.

Galmed Pharmaceuticals Correlation With Market

Average diversification

The correlation between Galmed Pharmaceuticals and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galmed Pharmaceuticals 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 Galmed Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Galmed Stock refer to our How to Trade Galmed Stock guide.

Moving together with Galmed Stock

0.78	CDIOW	Cardio Diagnostics	Pair Corr
0.74	ELVN	Enliven Therapeutics	Pair Corr
0.8	SCLX	Scilex Holding	Pair Corr
0.86	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.7	CDIO	Cardio Diagnostics	Pair Corr
0.71	CMND	Clearmind Medicine Common	Pair Corr
0.74	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.83	MSFT	Microsoft	Pair Corr

Moving against Galmed Stock

0.78	WM	Waste Management	Pair Corr
0.74	LUCD	Lucid Diagnostics	Pair Corr
0.6	GE	GE Aerospace	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.43	PLX	Protalix Biotherapeutics	Pair Corr
0.88	JNJ	Johnson Johnson	Pair Corr
0.81	T	ATT Inc Earnings Call Today	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.65	IBM	International Business	Pair Corr
0.55	CSCO	Cisco Systems	Pair Corr
0.53	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.43	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.37	INTC	Intel	Pair Corr

Related Correlations Analysis

	EVFMD	AFMD	ABEO	AKBA	KOD	MREO	ADVM	ADAP	PIRS	PDSB
EVFMD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	EVFMD
AFMD	0.0		0.47	-0.32	0.61	0.68	0.42	0.44	0.0	0.74	AFMD
ABEO	0.0	0.47		-0.21	0.41	0.67	0.03	0.57	0.0	0.55	ABEO
AKBA	0.0	-0.32	-0.21		-0.18	-0.21	0.12	-0.15	0.0	-0.06	AKBA
KOD	0.0	0.61	0.41	-0.18		0.9	0.25	0.65	0.0	0.79	KOD
MREO	0.0	0.68	0.67	-0.21	0.9		0.28	0.65	0.0	0.8	MREO
ADVM	0.0	0.42	0.03	0.12	0.25	0.28		-0.31	0.0	0.43	ADVM
ADAP	0.0	0.44	0.57	-0.15	0.65	0.65	-0.31		0.0	0.57	ADAP
PIRS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PIRS
PDSB	0.0	0.74	0.55	-0.06	0.79	0.8	0.43	0.57	0.0		PDSB
	EVFMD	AFMD	ABEO	AKBA	KOD	MREO	ADVM	ADAP	PIRS	PDSB

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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

MREO	+ 0.9	KOD
PDSB	+ 0.8	MREO
PDSB	+ 0.79	KOD
PDSB	+ 0.74	AFMD
MREO	+ 0.68	AFMD
MREO	+ 0.67	ABEO

High negative correlations

AKBA	- 0.32	AFMD
ADAP	- 0.31	ADVM
MREO	- 0.21	AKBA
AKBA	- 0.21	ABEO
KOD	- 0.18	AKBA
ADAP	- 0.15	AKBA

Risk-Adjusted Indicators

There is a big difference between Galmed Stock performing well and Galmed Pharmaceuticals 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 Galmed Pharmaceuticals' 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
EVFMD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFMD	3.14	(1.06)	0.00	(0.64)	0.00	0.00	5.10	(7.27)	29.11
ABEO	1.92	(0.13)	0.00	(0.27)	0.00	0.00	6.10	(4.84)	15.37
AKBA	3.58	0.62	0.07	0.14	5.85	(4.24)	7.25	(5.76)	61.90
KOD	4.61	(1.13)	0.00	(0.62)	0.00	0.00	7.81	(9.22)	34.21
MREO	2.65	(0.57)	0.00	(0.84)	0.00	0.00	6.16	(6.32)	20.77
ADVM	3.69	0.16	0.02	0.01	4.86	(3.85)	8.28	(8.03)	21.34
ADAP	3.10	(0.80)	0.00	(1.08)	0.00	0.00	4.84	(6.25)	52.59
PIRS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDSB	4.54	(0.22)	0.00	(0.38)	0.00	0.00	9.21	(9.22)	33.91

Galmed Pharmaceuticals Corporate Management

Shani Ganon	Human Manager	Profile
Tali Gorfine	Medical Consultant	Profile
Yael Hollander	Vice Strategy	Profile
Guy Nehemya	COO Officer	Profile
Niv Alon	Head PMO	Profile
Doron Cohen	Chief Officer	Profile

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