Inventiva Correlations

IVA Stock

USD 2.89 0.01 0.34%

The correlation of Inventiva 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.

Inventiva Correlation With Market

Good diversification

The correlation between Inventiva Sa and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inventiva Sa 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 Inventiva Sa. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Inventiva Stock

0.71	MDCX	Medicus Pharma	Pair Corr
0.77	VALN	Valneva SE ADR	Pair Corr
0.65	MGTX	MeiraGTx Holdings PLC	Pair Corr
0.69	DOMH	Dominari Holdings	Pair Corr

Moving against Inventiva Stock

0.82	MDXG	MiMedx Group	Pair Corr
0.82	MGNX	MacroGenics	Pair Corr
0.82	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.75	MBIO	Mustang Bio	Pair Corr
0.68	DNLI	Denali Therapeutics	Pair Corr
0.64	MCRB	Seres Therapeutics	Pair Corr
0.61	MESO	Mesoblast	Pair Corr
0.53	MBRX	Moleculin Biotech Earnings Call Today	Pair Corr
0.49	MEIP	MEI Pharma	Pair Corr
0.33	MDWD	Mediwound Downward Rally	Pair Corr
0.8	VCEL	Vericel Corp Ord	Pair Corr
0.8	VERA	Vera Therapeutics	Pair Corr
0.8	MNKD	MannKind Corp	Pair Corr
0.78	VCYT	Veracyte	Pair Corr
0.77	MLTX	MoonLake Immunotherapeuti	Pair Corr
0.72	DRTS	Alpha Tau Medical	Pair Corr
0.6	CDIOW	Cardio Diagnostics	Pair Corr
0.59	SABSW	SAB Biotherapeutics	Pair Corr
0.56	VERU	Veru Inc	Pair Corr
0.48	DRMA	Dermata Therapeutics	Pair Corr
0.4	MIST	Milestone Pharmaceuticals	Pair Corr
0.86	MRVI	Maravai Lifesciences	Pair Corr
0.76	MRKR	Marker Therapeutics Earnings Call This Week	Pair Corr
0.75	VINC	Vincerx Pharma Earnings Call This Week	Pair Corr
0.74	VKTX	Viking Therapeutics	Pair Corr

Related Correlations Analysis

	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX
MLYS		0.0	0.05	0.02	-0.5	0.67	0.54	0.07	-0.52	0.67	MLYS
ELYM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYM
ANEB	0.05	0.0		0.35	0.39	0.09	0.19	0.44	-0.09	0.15	ANEB
JANX	0.02	0.0	0.35		0.68	0.11	0.61	0.95	-0.61	0.59	JANX
RZLT	-0.5	0.0	0.39	0.68		-0.22	0.03	0.68	0.04	0.03	RZLT
GLUE	0.67	0.0	0.09	0.11	-0.22		0.29	0.14	-0.34	0.6	GLUE
NAMS	0.54	0.0	0.19	0.61	0.03	0.29		0.61	-0.89	0.82	NAMS
CGEM	0.07	0.0	0.44	0.95	0.68	0.14	0.61		-0.55	0.61	CGEM
CMPX	-0.52	0.0	-0.09	-0.61	0.04	-0.34	-0.89	-0.55		-0.81	CMPX
ACLX	0.67	0.0	0.15	0.59	0.03	0.6	0.82	0.61	-0.81		ACLX
	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX

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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

CGEM	+ 0.95	JANX
ACLX	+ 0.82	NAMS
RZLT	+ 0.68	JANX
CGEM	+ 0.68	RZLT
GLUE	+ 0.67	MLYS
ACLX	+ 0.67	MLYS

High negative correlations

CMPX	- 0.89	NAMS
ACLX	- 0.81	CMPX
CMPX	- 0.61	JANX
CMPX	- 0.55	CGEM
CMPX	- 0.52	MLYS
RZLT	- 0.5	MLYS

Risk-Adjusted Indicators

There is a big difference between Inventiva Stock performing well and Inventiva 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 Inventiva'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
MLYS	4.49	0.80	0.17	0.85	4.21	(5.48)	10.04	(8.23)	50.53
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANEB	5.46	0.99	0.17	0.60	4.76	(7.55)	19.58	(9.76)	40.87
JANX	2.86	(0.95)	0.00	9.94	0.00	0.00	8.08	(7.56)	20.17
RZLT	2.99	(0.40)	0.00	7.97	0.00	0.00	5.62	(5.95)	22.04
GLUE	3.37	(0.19)	0.00	(0.23)	0.00	0.00	7.34	(7.69)	19.92
NAMS	2.13	(0.10)	0.00	2.00	0.00	0.00	6.07	(4.59)	13.71
CGEM	2.50	(0.47)	0.00	1.65	0.00	0.00	4.73	(6.43)	14.46
CMPX	5.59	1.02	0.21	(1.03)	5.06	(7.53)	14.18	(8.88)	44.59
ACLX	2.33	(0.10)	0.00	0.12	0.00	0.00	4.79	(5.21)	10.80

Inventiva Corporate Management

Jean Volatier	Chief Officer	Profile
Eric LLM	General Counsel	Profile
Pascaline Clerc	Executive Affairs	Profile
Alice PharmD	Chief Officer	Profile
Frederic Cren	CEO CoFounder	Profile
JeanPaul MD	Head Pharmacovigilance	Profile
Michael Cooreman	Chief Officer	Profile

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