Lixte Biotechnology Correlations
| LIXTW Stock | USD 0.03 0 2.86% |
The current 90-days correlation between Lixte Biotechnology and Reviva Pharmaceuticals Holdings is 0.13 (i.e., Average diversification). The correlation of Lixte Biotechnology 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.
Lixte Biotechnology Correlation With Market
Significant diversification
The correlation between Lixte Biotechnology Holdings and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lixte Biotechnology Holdings and DJI in the same portfolio, assuming nothing else is changed.
Lixte |
Moving together with Lixte Stock
| 0.65 | LUCD | Lucid Diagnostics | PairCorr |
| 0.67 | WM | Waste Management | PairCorr |
| 0.65 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.65 | JNJ | Johnson Johnson | PairCorr |
| 0.64 | T | ATT Inc Aggressive Push | PairCorr |
| 0.62 | IBM | International Business | PairCorr |
Moving against Lixte Stock
| 0.7 | SCLX | Scilex Holding | PairCorr |
| 0.53 | ASMB | Assembly Biosciences | PairCorr |
| 0.5 | ELVN | Enliven Therapeutics | PairCorr |
| 0.48 | CRNX | Crinetics Pharmaceuticals | PairCorr |
| 0.42 | CDIOW | Cardio Diagnostics | PairCorr |
| 0.41 | CMND | Clearmind Medicine Common | PairCorr |
| 0.36 | CDIO | Cardio Diagnostics | PairCorr |
| 0.64 | CAT | Caterpillar | PairCorr |
| 0.64 | MSFT | Microsoft | PairCorr |
| 0.6 | MRK | Merck Company | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Lixte Stock performing well and Lixte Biotechnology 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 Lixte Biotechnology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENTXW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARTLW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RVPHW | 11.95 | (0.42) | 0.00 | 0.64 | 0.00 | 25.00 | 96.02 | |||
| BCDAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATNFW | 7.84 | 0.77 | 0.08 | (0.43) | 8.69 | 13.00 | 133.33 |
Lixte Biotechnology Corporate Management
| John Kovach | Chairman, Founder | Profile | |
| Esq JD | Consultant | Profile | |
| Johannes MD | Chief Officer | Profile | |
| James MD | Chief Officer | Profile | |
| Robert Weingarten | VP CFO | Profile | |
| Eric JD | Chief Officer | Profile |