GeoVax Labs Correlations
| GOVXW Stock | USD 0.06 0.00 0.000003% |
The correlation of GeoVax Labs 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.
GeoVax Labs Correlation With Market
Average diversification
The correlation between GeoVax Labs and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GeoVax Labs and DJI in the same portfolio, assuming nothing else is changed.
GeoVax |
Moving together with GeoVax Stock
| 0.71 | CLDX | Celldex Therapeutics | PairCorr |
| 0.71 | GKOS | Glaukos Corp | PairCorr |
| 0.74 | ITGR | Integer Holdings Corp | PairCorr |
| 0.75 | LIVN | LivaNova PLC | PairCorr |
| 0.78 | MODD | Modular Medical | PairCorr |
| 0.65 | APYX | Apyx Medical | PairCorr |
| 0.66 | SRDX | SurModics | PairCorr |
| 0.79 | CNMD | CONMED | PairCorr |
Moving against GeoVax Stock
| 0.68 | CPIX | Cumberland Pharmaceuticals | PairCorr |
| 0.61 | CMRX | Chimerix Sell-off Trend | PairCorr |
| 0.47 | FNA | Paragon 28 | PairCorr |
| 0.64 | LUNG | Pulmonx Corp | PairCorr |
| 0.62 | LUCD | Lucid Diagnostics Buyout Trend | PairCorr |
| 0.49 | NVRO | Nevro Corp | PairCorr |
| 0.45 | INMD | InMode | PairCorr |
| 0.34 | MASI | Masimo | PairCorr |
| 0.7 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.7 | BRK-B | Berkshire Hathaway | PairCorr |
| 0.67 | NHNCF | NAVER Corp | PairCorr |
| 0.52 | FWEDF | Fireweed Zinc | PairCorr |
| 0.51 | PKX | POSCO Holdings | PairCorr |
| 0.43 | TRGGF | Tarachi Gold Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 GeoVax Stock performing well and GeoVax Labs 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 GeoVax Labs' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARTLW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENTXW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATNFW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRMEW | 22.65 | 5.17 | 0.23 | 0.90 | 17.41 | 83.33 | 171.96 | |||
| BCDAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
GeoVax Labs Corporate Management
| CPA CPA | CFO Sec | Profile | |
| Mark Newman | Chief Officer | Profile | |
| Jeffrey Welch | Head Operations | Profile | |
| Harriet Robinson | Chief Founder | Profile | |
| John Sharkey | Vice Development | Profile |