Genenta Science Correlations
| GNTA Stock | USD 4.15 0.23 5.87% |
The current 90-days correlation between Genenta Science SpA and Molecular Partners AG is 0.06 (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
Average diversification
The correlation between Genenta Science SpA and DJI is 0.11 (i.e., Average 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.
Genenta |
Moving together with Genenta Stock
| 0.75 | EYEN | Eyenovia | PairCorr |
| 0.68 | CLDX | Celldex Therapeutics | PairCorr |
| 0.86 | CRNX | Crinetics Pharmaceuticals | PairCorr |
| 0.69 | MODD | Modular Medical | PairCorr |
| 0.66 | APYX | Apyx Medical | PairCorr |
| 0.83 | SGHT | Sight Sciences | PairCorr |
| 0.71 | SRDX | SurModics | PairCorr |
Moving against Genenta Stock
| 0.81 | FNA | Paragon 28 | PairCorr |
| 0.61 | CPIX | Cumberland Pharmaceuticals | PairCorr |
| 0.52 | CMRX | Chimerix | PairCorr |
| 0.5 | OPT | Opthea | PairCorr |
| 0.31 | AMN | AMN Healthcare Services | PairCorr |
| 0.81 | NYXH | Nyxoah | PairCorr |
| 0.79 | NVRO | Nevro Corp | PairCorr |
| 0.6 | LUCD | Lucid Diagnostics | PairCorr |
| 0.53 | KIDS | Orthopediatrics Corp | PairCorr |
| 0.46 | INMD | InMode | PairCorr |
| 0.37 | LUNG | Pulmonx Corp | PairCorr |
| 0.35 | NPCE | Neuropace | PairCorr |
| 0.81 | TOI | Oncology Institute Earnings Call This Week | PairCorr |
| 0.7 | TMCI | Treace Medical Concepts | PairCorr |
| 0.67 | FWEDF | Fireweed Zinc | PairCorr |
| 0.62 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.62 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.5 | SWZNF | Schweizerische Nationalbank | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | 2.72 | (0.28) | 0.00 | (0.21) | 0.00 | 7.84 | 20.58 | |||
| MNOV | 2.24 | (0.39) | 0.00 | (0.58) | 0.00 | 5.35 | 16.27 | |||
| ANEB | 5.72 | 0.62 | 0.10 | 0.37 | 5.70 | 19.58 | 40.87 | |||
| CSBR | 4.26 | 0.87 | 0.17 | 0.50 | 4.30 | 9.97 | 29.24 | |||
| CYT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMVP | 1.83 | (0.24) | 0.00 | (0.29) | 0.00 | 4.41 | 16.42 | |||
| ELYM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PHVS | 2.21 | (0.24) | 0.00 | 3.05 | 0.00 | 5.21 | 14.29 | |||
| PEPG | 8.31 | (0.45) | 0.00 | (0.22) | 0.00 | 19.62 | 92.48 | |||
| MLYS | 4.29 | 0.63 | 0.17 | (0.45) | 4.26 | 10.04 | 50.53 |