Genelux Common Correlations

GNLX Stock

3.86 0.12 3.02%

The current 90-days correlation between Genelux Common and Monopar Therapeutics is 0.33 (i.e., Weak diversification). The correlation of Genelux Common 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Genelux Common Correlation With Market

Modest diversification

The correlation between Genelux Common and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genelux Common 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 Genelux Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Genelux Stock please use our How to Invest in Genelux Common guide.

Moving together with Genelux Stock

0.77	OPT	Opthea	Pair Corr
0.71	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.88	FNA	Paragon 28	Pair Corr
0.7	INMD	InMode	Pair Corr
0.79	LUCD	Lucid Diagnostics Buyout Trend	Pair Corr
0.85	NVRO	Nevro Corp	Pair Corr
0.68	NYXH	Nyxoah	Pair Corr
0.82	TMCI	Treace Medical Concepts	Pair Corr

Moving against Genelux Stock

0.8	EYEN	Eyenovia	Pair Corr
0.71	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.57	CLDX	Celldex Therapeutics	Pair Corr
0.46	CRVS	Corvus Pharmaceuticals	Pair Corr
0.45	MOLN	Molecular Partners	Pair Corr
0.76	SGHT	Sight Sciences	Pair Corr
0.54	MODD	Modular Medical	Pair Corr
0.43	APYX	Apyx Medical	Pair Corr
0.32	MDAI	Spectral AI	Pair Corr
0.32	OTRK	Ontrak Inc	Pair Corr
0.56	SRDX	SurModics	Pair Corr
0.5	CNMD	CONMED	Pair Corr
0.41	GCPEF	GCL Poly Energy	Pair Corr

Related Correlations Analysis

	CMRA	DYAI	CING	MNPR	TERN	DAWN	ABOS	AMLX	MLTX	GLUE
CMRA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CMRA
DYAI	0.0		0.48	-0.38	0.71	0.56	0.65	0.51	0.75	0.41	DYAI
CING	0.0	0.48		0.01	0.41	0.75	0.54	0.06	0.55	-0.05	CING
MNPR	0.0	-0.38	0.01		-0.43	0.05	-0.45	-0.31	-0.4	-0.18	MNPR
TERN	0.0	0.71	0.41	-0.43		0.72	0.93	0.7	0.93	0.64	TERN
DAWN	0.0	0.56	0.75	0.05	0.72		0.76	0.34	0.74	0.33	DAWN
ABOS	0.0	0.65	0.54	-0.45	0.93	0.76		0.68	0.91	0.57	ABOS
AMLX	0.0	0.51	0.06	-0.31	0.7	0.34	0.68		0.66	0.85	AMLX
MLTX	0.0	0.75	0.55	-0.4	0.93	0.74	0.91	0.66		0.61	MLTX
GLUE	0.0	0.41	-0.05	-0.18	0.64	0.33	0.57	0.85	0.61		GLUE
	CMRA	DYAI	CING	MNPR	TERN	DAWN	ABOS	AMLX	MLTX	GLUE

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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

ABOS	+ 0.93	TERN
MLTX	+ 0.93	TERN
MLTX	+ 0.91	ABOS
GLUE	+ 0.85	AMLX
ABOS	+ 0.76	DAWN
MLTX	+ 0.75	DYAI

High negative correlations

ABOS	- 0.45	MNPR
TERN	- 0.43	MNPR
MLTX	- 0.4	MNPR
MNPR	- 0.38	DYAI
AMLX	- 0.31	MNPR
GLUE	- 0.18	MNPR

Risk-Adjusted Indicators

There is a big difference between Genelux Stock performing well and Genelux Common 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 Genelux Common'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
CMRA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DYAI	3.87	0.01	0.00	(0.06)	0.00	0.00	6.96	(8.59)	46.69
CING	2.79	(0.10)	0.00	(0.47)	0.00	0.00	4.82	(4.97)	24.40
MNPR	6.47	1.12	0.14	2.00	7.23	(6.94)	15.06	(11.91)	38.32
TERN	3.01	(1.18)	0.00	1.19	0.00	0.00	4.94	(6.98)	19.13
DAWN	2.87	(0.56)	0.00	(0.68)	0.00	0.00	6.36	(6.67)	22.86
ABOS	2.94	(0.66)	0.00	(0.60)	0.00	0.00	6.57	(5.85)	19.77
AMLX	3.70	(0.07)	0.00	(0.13)	0.00	0.00	7.20	(9.09)	21.45
MLTX	2.46	(0.39)	0.00	(2.26)	0.00	0.00	4.59	(5.09)	13.46
GLUE	3.37	(0.19)	0.00	(0.23)	0.00	0.00	7.34	(7.69)	19.92

Genelux Common Corporate Management

Caroline Jewett	VP Quality	Profile
Ralph BSc	Head Affairs	Profile
Sean JD	General Secretary	Profile
Lourie Zak	Chief Officer	Profile
Joseph Cappello	Chief Officer	Profile

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