Greenwich Lifesciences Correlations

GLSI Stock

USD 11.69 0.01 0.09%

The current 90-days correlation between Greenwich Lifesciences and Immutep Ltd ADR is 0.1 (i.e., Average diversification). The correlation of Greenwich Lifesciences 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.

Greenwich Lifesciences Correlation With Market

Weak diversification

The correlation between Greenwich Lifesciences and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenwich Lifesciences 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 Greenwich Lifesciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Greenwich Stock please use our How to Invest in Greenwich Lifesciences guide.

Moving together with Greenwich Stock

0.63	KURA	Kura Oncology	Pair Corr
0.71	ABOS	Acumen Pharmaceuticals	Pair Corr
0.66	ADTX	Aditxt Inc	Pair Corr
0.64	RYTM	Rhythm Pharmaceuticals	Pair Corr
0.69	ANAB	AnaptysBio Earnings Call This Week	Pair Corr
0.77	STRO	Sutro Biopharma	Pair Corr
0.71	TCRX	Tscan Therapeutics	Pair Corr

Moving against Greenwich Stock

0.41	PHGE	Biomx Inc	Pair Corr
0.4	FENC	Fennec Pharmaceuticals	Pair Corr
0.4	PFE	Pfizer Inc	Pair Corr
0.35	XFOR	X4 Pharmaceuticals	Pair Corr
0.33	OPT	Opthea Upward Rally	Pair Corr
0.41	CGTX	Cognition Therapeutics	Pair Corr
0.38	BNTC	Benitec Biopharma	Pair Corr
0.6	SSNLF	Samsung Electronics	Pair Corr
0.42	OBI	Ondine Biomedical	Pair Corr
0.36	KO	Coca Cola Aggressive Push	Pair Corr
0.33	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	RVPH	EYEN	IMMP	AVXL	VRPX	ACXP	MNOV	NXTC	ENTX	XFOR
RVPH		0.02	0.52	0.13	-0.28	-0.25	0.07	-0.14	0.65	0.54	RVPH
EYEN	0.02		0.47	0.58	0.74	0.48	0.72	0.58	-0.12	0.32	EYEN
IMMP	0.52	0.47		0.15	0.22	0.14	0.62	0.37	0.18	0.57	IMMP
AVXL	0.13	0.58	0.15		0.38	0.15	0.17	-0.14	0.39	0.51	AVXL
VRPX	-0.28	0.74	0.22	0.38		0.74	0.64	0.66	-0.43	0.0	VRPX
ACXP	-0.25	0.48	0.14	0.15	0.74		0.41	0.69	-0.46	-0.22	ACXP
MNOV	0.07	0.72	0.62	0.17	0.64	0.41		0.74	-0.22	0.2	MNOV
NXTC	-0.14	0.58	0.37	-0.14	0.66	0.69	0.74		-0.61	-0.27	NXTC
ENTX	0.65	-0.12	0.18	0.39	-0.43	-0.46	-0.22	-0.61		0.55	ENTX
XFOR	0.54	0.32	0.57	0.51	0.0	-0.22	0.2	-0.27	0.55		XFOR
	RVPH	EYEN	IMMP	AVXL	VRPX	ACXP	MNOV	NXTC	ENTX	XFOR

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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

VRPX	+ 0.74	EYEN
ACXP	+ 0.74	VRPX
NXTC	+ 0.74	MNOV
MNOV	+ 0.72	EYEN
NXTC	+ 0.69	ACXP
NXTC	+ 0.66	VRPX

High negative correlations

ENTX	- 0.61	NXTC
ENTX	- 0.46	ACXP
ENTX	- 0.43	VRPX
VRPX	- 0.28	RVPH
XFOR	- 0.27	NXTC
ACXP	- 0.25	RVPH

Risk-Adjusted Indicators

There is a big difference between Greenwich Stock performing well and Greenwich Lifesciences 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 Greenwich Lifesciences' 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	6.11	0.84	0.07	0.18	8.67	(6.74)	15.38	(11.11)	67.62
EYEN	7.80	(2.12)	0.00	0.72	0.00	0.00	20.16	(17.81)	65.21
IMMP	2.49	(0.03)	0.00	0.06	0.00	0.00	4.62	(4.59)	17.06
AVXL	4.26	0.10	0.02	0.05	5.80	(4.31)	8.51	(9.26)	44.63
VRPX	5.58	(1.21)	0.00	(1.19)	0.00	0.00	10.53	(15.38)	48.89
ACXP	5.98	(0.73)	0.00	2.89	0.00	0.00	11.39	(15.38)	48.16
MNOV	2.43	(0.39)	0.00	4.15	0.00	0.00	5.35	(4.60)	24.62
NXTC	3.08	(0.53)	0.00	(0.28)	0.00	0.00	6.49	(6.67)	18.86
ENTX	3.82	0.38	0.13	(0.92)	3.36	(5.08)	10.05	(4.94)	27.97
XFOR	7.45	0.63	0.09	(0.41)	7.25	(11.43)	26.42	(13.51)	68.45

Greenwich Lifesciences Corporate Management

Christine Fischette	VP Development	Profile
Snehal Patel	CFO CEO	Profile
Eric Rothe	Founder Director	Profile
Frank MD	Chief Director	Profile
Jaye Thompson	Vice Affairs	Profile

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