InflaRx NV Correlations

IFRX Stock

USD 1.15 0.08 6.50%

The current 90-days correlation between InflaRx NV and Kronos Bio is 0.22 (i.e., Modest diversification). The correlation of InflaRx NV 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.

InflaRx NV Correlation With Market

Modest diversification

The correlation between InflaRx NV and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InflaRx NV 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 InflaRx NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with InflaRx Stock

0.62	EVO	Evotec SE ADR	Pair Corr
0.66	KZR	Kezar Life Sciences	Pair Corr
0.68	ZURA	Zura Bio Limited	Pair Corr
0.8	IMMX	Immix Biopharma	Pair Corr
0.68	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.76	MNOV	MediciNova	Pair Corr
0.84	NKTX	Nkarta Inc Earnings Call This Week	Pair Corr
0.68	PALI	Palisade Bio	Pair Corr
0.81	PHVS	Pharvaris BV	Pair Corr
0.71	RGNX	Regenxbio	Pair Corr
0.66	ABOS	Acumen Pharmaceuticals	Pair Corr
0.74	RYTM	Rhythm Pharmaceuticals	Pair Corr
0.73	APLS	Apellis Pharmaceuticals	Pair Corr
0.85	SUPN	Supernus Pharmaceuticals	Pair Corr
0.63	TERN	Terns Pharmaceuticals	Pair Corr

Moving against InflaRx Stock

0.82	IVA	Inventiva Sa	Pair Corr
0.64	LLY	Eli Lilly	Pair Corr
0.57	KRYS	Krystal Biotech	Pair Corr
0.5	PBH	Prestige Brand Holdings	Pair Corr
0.43	MGTX	MeiraGTx Holdings PLC Trending	Pair Corr
0.34	VIGL	Vigil Neuroscience	Pair Corr
0.83	ABBV	AbbVie Inc Sell-off Trend	Pair Corr
0.81	BAX	Baxter International	Pair Corr
0.53	MDT	Medtronic PLC	Pair Corr

Related Correlations Analysis

	GBIO	KRON	ERAS	CCCC	EWTX	KZR	FULC	PASG	ABOS	GRTX
GBIO		0.2	0.95	0.91	0.64	0.9	0.72	0.92	0.97	0.0	GBIO
KRON	0.2		0.09	0.34	0.06	0.26	0.14	0.3	0.27	0.0	KRON
ERAS	0.95	0.09		0.82	0.59	0.9	0.71	0.89	0.95	0.0	ERAS
CCCC	0.91	0.34	0.82		0.54	0.82	0.75	0.88	0.89	0.0	CCCC
EWTX	0.64	0.06	0.59	0.54		0.56	0.25	0.49	0.65	0.0	EWTX
KZR	0.9	0.26	0.9	0.82	0.56		0.71	0.87	0.9	0.0	KZR
FULC	0.72	0.14	0.71	0.75	0.25	0.71		0.74	0.64	0.0	FULC
PASG	0.92	0.3	0.89	0.88	0.49	0.87	0.74		0.91	0.0	PASG
ABOS	0.97	0.27	0.95	0.89	0.65	0.9	0.64	0.91		0.0	ABOS
GRTX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GRTX
	GBIO	KRON	ERAS	CCCC	EWTX	KZR	FULC	PASG	ABOS	GRTX

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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	+ 0.97	GBIO
ERAS	+ 0.95	GBIO
ABOS	+ 0.95	ERAS
PASG	+ 0.92	GBIO
CCCC	+ 0.91	GBIO
ABOS	+ 0.91	PASG

High negative correlations

GRTX	- 0.0	ABOS
GRTX	- 0.0	PASG
GRTX	- 0.0	FULC
GRTX	- 0.0	KZR
GRTX	- 0.0	EWTX
GRTX	- 0.0	CCCC

Risk-Adjusted Indicators

There is a big difference between InflaRx Stock performing well and InflaRx NV 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 InflaRx NV'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GBIO	3.55	(1.12)	(0.84)	6.74	(7.89)	22.69
KRON	1.82	0.07	(0.02)	4.90	(3.03)	13.61
ERAS	3.40	(0.80)	(0.67)	7.57	(8.74)	21.39
CCCC	3.67	(0.48)	(0.33)	7.35	(8.28)	24.77
EWTX	3.01	(0.08)	(0.18)	5.32	(7.61)	26.44
KZR	1.94	(0.17)	(0.39)	3.75	(3.94)	12.35
FULC	3.17	(0.05)	(0.19)	7.59	(6.83)	21.89
PASG	4.14	(0.54)	(0.49)	7.69	(8.96)	56.48
ABOS	3.00	(0.66)	(0.77)	6.57	(6.19)	19.77
GRTX	0.00	0.00	0.00	0.00	0.00	0.00

InflaRx NV Corporate Management

Jan CFA	Head VP	Profile
Thomas Taapken	Chief Officer	Profile
Derval OCarroll	Senior Compliance	Profile
Igor Orshanskiy	Senior Development	Profile
Maria Habel	Head RD	Profile
Christian Schmid	VP Counsel	Profile
Kofi Boaten	Senior Supplies	Profile

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