Genenta Science Correlations

GNTA Stock

USD 3.90 0.09 2.26%

The current 90-days correlation between Genenta Science SpA and MediciNova is 0.01 (i.e., Significant diversification). The correlation of Genenta Science 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.

Genenta Science Correlation With Market

Significant diversification

The correlation between Genenta Science SpA and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genenta Science SpA 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 Genenta Science SpA. 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 Genenta Stock

0.64	ILMN	Illumina Sell-off Trend	Pair Corr
0.88	INZY	Inozyme Pharma	Pair Corr
0.72	KURA	Kura Oncology	Pair Corr
0.82	ABOS	Acumen Pharmaceuticals	Pair Corr
0.85	ADTX	Aditxt Inc	Pair Corr
0.64	STRO	Sutro Biopharma	Pair Corr
0.75	TCRX	Tscan Therapeutics	Pair Corr
0.91	TERN	Terns Pharmaceuticals	Pair Corr
0.9	CRNX	Crinetics Pharmaceuticals Buyout Trend	Pair Corr
0.85	CTMX	CytomX Therapeutics	Pair Corr
0.68	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Genenta Stock

0.8	OPT	Opthea	Pair Corr
0.72	GANX	Gain Therapeutics	Pair Corr
0.67	LTRN	Lantern Pharma	Pair Corr
0.66	PHGE	Biomx Inc	Pair Corr
0.57	CUE	Cue Biopharma	Pair Corr
0.51	PFE	Pfizer Inc	Pair Corr
0.47	FENC	Fennec Pharmaceuticals	Pair Corr
0.37	A	Agilent Technologies	Pair Corr
0.6	DBVT	DBV Technologies Earnings Call This Week	Pair Corr
0.43	CPRX	Catalyst Pharmaceuticals	Pair Corr
0.42	CGTX	Cognition Therapeutics	Pair Corr
0.91	OBI	Ondine Biomedical	Pair Corr
0.78	SSNLF	Samsung Electronics	Pair Corr
0.78	GPI	Group 1 Automotive	Pair Corr
0.74	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr

Related Correlations Analysis

	MOLN	MNOV	ANEB	CSBR	CYT	PMVP	ELYM	PHVS	PEPG	MLYS
MOLN		0.48	0.19	-0.64	0.0	0.48	0.0	0.56	0.65	0.45	MOLN
MNOV	0.48		0.12	-0.71	0.0	0.8	0.0	0.53	0.79	0.84	MNOV
ANEB	0.19	0.12		0.16	0.0	-0.04	0.0	0.12	-0.04	0.08	ANEB
CSBR	-0.64	-0.71	0.16		0.0	-0.87	0.0	-0.67	-0.92	-0.77	CSBR
CYT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CYT
PMVP	0.48	0.8	-0.04	-0.87	0.0		0.0	0.64	0.87	0.87	PMVP
ELYM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ELYM
PHVS	0.56	0.53	0.12	-0.67	0.0	0.64	0.0		0.61	0.69	PHVS
PEPG	0.65	0.79	-0.04	-0.92	0.0	0.87	0.0	0.61		0.86	PEPG
MLYS	0.45	0.84	0.08	-0.77	0.0	0.87	0.0	0.69	0.86		MLYS
	MOLN	MNOV	ANEB	CSBR	CYT	PMVP	ELYM	PHVS	PEPG	MLYS

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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

PEPG	+ 0.87	PMVP
MLYS	+ 0.87	PMVP
MLYS	+ 0.86	PEPG
MLYS	+ 0.84	MNOV
PMVP	+ 0.8	MNOV
PEPG	+ 0.79	MNOV

High negative correlations

PEPG	- 0.92	CSBR
PMVP	- 0.87	CSBR
MLYS	- 0.77	CSBR
CSBR	- 0.71	MNOV
PHVS	- 0.67	CSBR
CSBR	- 0.64	MOLN

Risk-Adjusted Indicators

There is a big difference between Genenta Stock performing well and Genenta Science 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 Genenta Science'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
MOLN	2.32	(0.03)	0.00	(0.04)	0.00	0.00	7.09	(4.88)	17.19
MNOV	2.51	(0.25)	0.00	(17.44)	0.00	0.00	6.15	(4.60)	24.62
ANEB	4.40	(0.13)	0.00	(0.09)	0.00	0.00	7.64	(10.43)	40.87
CSBR	4.63	1.52	0.30	3.21	4.24	(5.38)	10.88	(8.13)	31.59
CYT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMVP	1.72	(0.22)	0.00	(0.38)	0.00	0.00	4.38	(3.31)	9.70
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHVS	2.55	(0.36)	0.00	(0.53)	0.00	0.00	5.94	(4.18)	18.84
PEPG	7.80	0.33	0.04	0.13	7.82	(11.48)	18.22	(11.25)	92.48
MLYS	3.44	(0.30)	0.00	(1.31)	0.00	0.00	7.79	(6.25)	21.81

Genenta Science Corporate Management

Carlo MD	Chief Development	Profile
Richard Slansky	Chief Officer	Profile
Tim Obara	Head Devel	Profile
Luigi MD	CoFounder Board	Profile

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