Longeveron LLC Correlations

LGVN Stock

USD 1.52 0.01 0.65%

The current 90-days correlation between Longeveron LLC and RenovoRx is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Longeveron LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Longeveron LLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Longeveron LLC Correlation With Market

Average diversification

The correlation between Longeveron LLC and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Longeveron LLC and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Longeveron LLC. 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.

To learn how to invest in Longeveron Stock, please use our How to Invest in Longeveron LLC guide.

Moving together with Longeveron Stock

0.65	TERN	Terns Pharmaceuticals	Pair Corr
0.76	CTMX	CytomX Therapeutics	Pair Corr
0.62	EMBC	Embecta Corp	Pair Corr

Moving against Longeveron Stock

0.52	OPT	Opthea	Pair Corr
0.32	LTRN	Lantern Pharma	Pair Corr
0.31	FENC	Fennec Pharmaceuticals	Pair Corr
0.57	OBI	Ondine Biomedical	Pair Corr
0.55	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.53	GPI	Group 1 Automotive	Pair Corr
0.52	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	NTRB	QNRX	RNXT	VRAX	GBIO	KRON	ERAS	CCCC	EWTX	SRZN
NTRB		-0.76	-0.3	-0.21	-0.72	0.44	-0.76	-0.48	-0.18	-0.11	NTRB
QNRX	-0.76		0.31	0.28	0.73	-0.2	0.74	0.76	0.48	0.09	QNRX
RNXT	-0.3	0.31		0.23	0.54	0.21	0.44	0.35	-0.05	0.18	RNXT
VRAX	-0.21	0.28	0.23		0.1	-0.04	0.16	0.15	-0.25	0.49	VRAX
GBIO	-0.72	0.73	0.54	0.1		-0.13	0.96	0.57	0.32	0.04	GBIO
KRON	0.44	-0.2	0.21	-0.04	-0.13		-0.19	-0.04	-0.15	-0.17	KRON
ERAS	-0.76	0.74	0.44	0.16	0.96	-0.19		0.54	0.28	0.09	ERAS
CCCC	-0.48	0.76	0.35	0.15	0.57	-0.04	0.54		0.69	-0.08	CCCC
EWTX	-0.18	0.48	-0.05	-0.25	0.32	-0.15	0.28	0.69		-0.21	EWTX
SRZN	-0.11	0.09	0.18	0.49	0.04	-0.17	0.09	-0.08	-0.21		SRZN
	NTRB	QNRX	RNXT	VRAX	GBIO	KRON	ERAS	CCCC	EWTX	SRZN

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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

ERAS	+ 0.96	GBIO
CCCC	+ 0.76	QNRX
ERAS	+ 0.74	QNRX
GBIO	+ 0.73	QNRX
EWTX	+ 0.69	CCCC
CCCC	+ 0.57	GBIO

High negative correlations

ERAS	- 0.76	NTRB
QNRX	- 0.76	NTRB
GBIO	- 0.72	NTRB
CCCC	- 0.48	NTRB
RNXT	- 0.3	NTRB
EWTX	- 0.25	VRAX

Risk-Adjusted Indicators

There is a big difference between Longeveron Stock performing well and Longeveron LLC 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 Longeveron LLC'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
NTRB	6.96	1.27	0.18	0.88	6.13	(8.40)	17.09	(9.34)	54.72
QNRX	6.01	(0.70)	0.00	0.58	0.00	0.00	16.07	(10.53)	58.63
RNXT	3.71	(0.14)	0.00	(0.17)	0.00	0.00	6.92	(8.04)	36.51
VRAX	6.05	0.08	0.02	(0.06)	6.57	(7.83)	16.67	(10.93)	59.66
GBIO	3.55	(1.34)	0.00	(0.74)	0.00	0.00	6.74	(7.89)	22.69
KRON	2.01	0.05	0.03	0.11	2.03	(3.23)	4.90	(3.00)	11.67
ERAS	3.16	(1.31)	0.00	(0.89)	0.00	0.00	3.82	(8.74)	21.39
CCCC	3.69	(0.45)	0.00	(0.23)	0.00	0.00	8.02	(6.03)	22.96
EWTX	2.72	(0.20)	0.00	(0.15)	0.00	0.00	4.81	(7.21)	26.44
SRZN	4.57	0.28	0.04	0.06	5.19	(5.29)	9.44	(8.38)	37.14

Longeveron LLC Corporate Management

Brian Rash	VP Discovery	Profile
Heather Zhou	VP Controller	Profile
Tavara CPA	VP Controller	Profile
KwanHong MD	Chief CEO	Profile
James CPA	CFO Treasurer	Profile
Paul JD	General Secretary	Profile

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