Genprex Correlations

GNPX Stock

USD 0.40 0.04 11.11%

The current 90-days correlation between Genprex and Eyenovia is 0.13 (i.e., Average diversification). The correlation of Genprex 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.

Genprex Correlation With Market

Significant diversification

The correlation between Genprex and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genprex 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 Genprex. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

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

Moving together with Genprex Stock

0.82	ME	23Andme Holding	Pair Corr
0.85	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.62	DNLI	Denali Therapeutics	Pair Corr
0.61	VCYT	Veracyte	Pair Corr
0.92	VERA	Vera Therapeutics	Pair Corr
0.75	DSGN	Design Therapeutics Earnings Call Today	Pair Corr
0.9	VINC	Vincerx Pharma	Pair Corr
0.95	VKTX	Viking Therapeutics	Pair Corr
0.62	DYAI	Dyadic International	Pair Corr
0.78	VRDN	Viridian Therapeutics	Pair Corr
0.77	VRPX	Virpax Pharmaceuticals	Pair Corr
0.9	VTRS	Viatris	Pair Corr
0.92	VTYX	Ventyx Biosciences	Pair Corr

Moving against Genprex Stock

0.9	VALN	Valneva SE ADR Earnings Call Tomorrow	Pair Corr
0.69	VIGL	Vigil Neuroscience	Pair Corr
0.66	DMAC	DiaMedica Therapeutics Earnings Call Today	Pair Corr
0.63	DVAX	Dynavax Technologies	Pair Corr
0.53	EQ	Equillium	Pair Corr
0.41	VERV	Verve Therapeutics	Pair Corr
0.96	VRNA	Verona Pharma PLC Buyout Trend	Pair Corr
0.67	EDSA	Edesa Biotech	Pair Corr
0.62	VRTX	Vertex Pharmaceuticals	Pair Corr
0.6	VSTM	Verastem	Pair Corr
0.56	SRZNW	Surrozen Warrant	Pair Corr
0.5	VTVT	vTv Therapeutics Trending	Pair Corr

Related Correlations Analysis

	RVPH	GLSI	CGTX	GRCL	RVPHW	EYEN	RNAZ	KOD	EFTR
RVPH		0.57	0.35	0.0	0.8	0.44	0.55	0.57	0.0	RVPH
GLSI	0.57		0.21	0.0	0.57	0.32	0.39	0.41	0.0	GLSI
CGTX	0.35	0.21		0.0	0.18	0.46	0.14	0.56	0.0	CGTX
GRCL	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GRCL
RVPHW	0.8	0.57	0.18	0.0		0.63	0.23	0.64	0.0	RVPHW
EYEN	0.44	0.32	0.46	0.0	0.63		-0.18	0.9	0.0	EYEN
RNAZ	0.55	0.39	0.14	0.0	0.23	-0.18		0.02	0.0	RNAZ
KOD	0.57	0.41	0.56	0.0	0.64	0.9	0.02		0.0	KOD
EFTR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		EFTR
	RVPH	GLSI	CGTX	GRCL	RVPHW	EYEN	RNAZ	KOD	EFTR

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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

KOD	+ 0.9	EYEN
RVPHW	+ 0.8	RVPH
KOD	+ 0.64	RVPHW
EYEN	+ 0.63	RVPHW
GLSI	+ 0.57	RVPH
KOD	+ 0.57	RVPH

High negative correlations

RNAZ	- 0.18	EYEN
EFTR	- 0.0	KOD
EFTR	- 0.0	RNAZ
EFTR	- 0.0	EYEN
EFTR	- 0.0	RVPHW
EFTR	- 0.0	GRCL

Risk-Adjusted Indicators

There is a big difference between Genprex Stock performing well and Genprex 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 Genprex'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	5.88	0.24	0.00	(0.04)	0.00	0.00	14.56	(11.11)	67.62
GLSI	2.21	(0.04)	0.00	(0.15)	0.00	0.00	4.54	(5.13)	16.98
CGTX	4.94	0.47	0.08	0.20	4.41	(7.40)	11.84	(6.94)	39.60
GRCL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVPHW	14.23	0.24	0.00	(0.02)	0.00	0.00	28.57	(24.32)	135.71
EYEN	6.90	(1.83)	0.00	0.97	0.00	0.00	16.56	(17.81)	65.21
RNAZ	10.21	(1.71)	0.00	(0.50)	0.00	0.00	28.00	(24.78)	94.32
KOD	5.06	(0.71)	0.00	(0.47)	0.00	0.00	9.24	(9.57)	45.02
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Genprex Corporate Management

CMA CPA	Co Controller	Profile
Kalyn Dabbs	Sr Marketing	Profile
Suzanne ThorntonJones	Senior Quality	Profile
David Schloss	Senior Resources	Profile
William Gannon	Member Affairs	Profile
Mark MD	Chief Officer	Profile

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