Indaptus Therapeutics Correlations

INDP Stock

USD 0.66 0.06 8.33%

The correlation of Indaptus Therapeutics 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.

Indaptus Therapeutics Correlation With Market

Good diversification

The correlation between Indaptus Therapeutics and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indaptus Therapeutics 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 Indaptus Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

To learn how to invest in Indaptus Stock, please use our How to Invest in Indaptus Therapeutics guide.

Moving against Indaptus Stock

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0.35	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.34	IBM	International Business	Pair Corr
0.32	XOM	Exxon Mobil Corp Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	RZLT	TPST	CMRA	FBRX	ABVC	KTTA	BTTX	NTRB	QNRX	LGVN
RZLT		0.72	0.0	0.71	-0.61	0.7	0.0	-0.11	0.41	-0.03	RZLT
TPST	0.72		0.0	0.49	-0.65	0.62	0.0	-0.05	0.27	0.31	TPST
CMRA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CMRA
FBRX	0.71	0.49	0.0		-0.24	0.81	0.0	-0.45	0.83	0.55	FBRX
ABVC	-0.61	-0.65	0.0	-0.24		-0.43	0.0	-0.02	0.0	0.06	ABVC
KTTA	0.7	0.62	0.0	0.81	-0.43		0.0	-0.48	0.65	0.53	KTTA
BTTX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BTTX
NTRB	-0.11	-0.05	0.0	-0.45	-0.02	-0.48	0.0		-0.6	-0.58	NTRB
QNRX	0.41	0.27	0.0	0.83	0.0	0.65	0.0	-0.6		0.71	QNRX
LGVN	-0.03	0.31	0.0	0.55	0.06	0.53	0.0	-0.58	0.71		LGVN
	RZLT	TPST	CMRA	FBRX	ABVC	KTTA	BTTX	NTRB	QNRX	LGVN

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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

QNRX	+ 0.83	FBRX
KTTA	+ 0.81	FBRX
TPST	+ 0.72	RZLT
FBRX	+ 0.71	RZLT
LGVN	+ 0.71	QNRX
KTTA	+ 0.7	RZLT

High negative correlations

ABVC	- 0.65	TPST
ABVC	- 0.61	RZLT
QNRX	- 0.6	NTRB
LGVN	- 0.58	NTRB
NTRB	- 0.48	KTTA
NTRB	- 0.45	FBRX

Risk-Adjusted Indicators

There is a big difference between Indaptus Stock performing well and Indaptus Therapeutics 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 Indaptus Therapeutics' 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
RZLT	3.06	(0.49)	0.00	(0.59)	0.00	0.00	5.62	(6.55)	22.04
TPST	2.33	(0.05)	0.00	0.06	0.00	0.00	4.55	(4.82)	17.36
CMRA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FBRX	5.65	(1.36)	0.00	(3.23)	0.00	0.00	9.14	(12.11)	28.46
ABVC	4.05	0.70	0.12	(12.89)	4.51	(5.86)	9.80	(8.62)	32.39
KTTA	5.20	(0.93)	0.00	1.30	0.00	0.00	8.14	(10.75)	53.63
BTTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NTRB	6.15	1.34	0.23	2.12	5.10	(7.46)	17.09	(8.63)	54.72
QNRX	5.38	(0.85)	0.00	1.79	0.00	0.00	14.29	(10.53)	57.78
LGVN	3.39	0.15	0.05	(0.77)	3.69	(3.73)	6.37	(5.36)	16.74

Indaptus Therapeutics Corporate Management

MD MBA	Chief Officer	Profile
Jeffrey Meckler	CEO Director	Profile
Walt Esq	Chief Officer	Profile
Michael Newman	Chief Founder	Profile
Boyan MD	Chief Officer	Profile

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