Incannex Healthcare Correlations
| IXHL Stock | USD 1.37 0.03 2.24% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Incannex Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Incannex Healthcare Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Incannex Healthcare Correlation With Market
Very good diversification
The correlation between Incannex Healthcare Ltd and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Incannex Healthcare Ltd and DJI in the same portfolio, assuming nothing else is changed.
Incannex |
Moving against Incannex Stock
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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 Incannex Stock performing well and Incannex Healthcare 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 Incannex Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLTNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RAMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVGRF | 4.51 | 0.14 | 0.00 | (0.78) | 0.00 | 5.71 | 139.02 | |||
| BHHKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPBBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EGRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANIP | 1.38 | (0.01) | 0.00 | (0.02) | 0.00 | 2.64 | 8.50 | |||
| PAHC | 1.85 | (0.05) | 0.00 | (0.04) | 0.00 | 3.68 | 17.07 | |||
| DCPH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBH | 1.19 | 0.08 | 0.07 | 0.13 | 1.21 | 1.87 | 16.82 |
Incannex Healthcare Corporate Management
| Mark Bleackley | Head Officer | Profile | |
| BSc EMBA | Chief IncannexTM | Profile | |
| Rosemarie Walsh | VP Board | Profile | |
| Lekhram MSc | Chief Officer | Profile | |
| Madhukar Bhalla | CFO Sec | Profile |