Lipocine Correlations

LPCN Stock

USD 3.45 0.05 1.43%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lipocine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lipocine moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lipocine Correlation With Market

Modest diversification

The correlation between Lipocine and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lipocine 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 Lipocine. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Lipocine Stock

0.9	ME	23Andme Holding	Pair Corr
0.81	VANI	Vivani Medical Earnings Call This Week	Pair Corr
0.73	VCEL	Vericel Corp Ord	Pair Corr
0.71	VCYT	Veracyte	Pair Corr
0.87	VERA	Vera Therapeutics	Pair Corr
0.66	DRTS	Alpha Tau Medical	Pair Corr
0.83	VINC	Vincerx Pharma	Pair Corr
0.82	VKTX	Viking Therapeutics	Pair Corr
0.69	DYAI	Dyadic International Earnings Call This Week	Pair Corr
0.73	VRAX	Virax Biolabs Group	Pair Corr
0.88	VRDN	Viridian Therapeutics Downward Rally	Pair Corr
0.82	VRPX	Virpax Pharmaceuticals	Pair Corr
0.82	VTRS	Viatris	Pair Corr
0.65	VTYX	Ventyx Biosciences	Pair Corr

Moving against Lipocine Stock

0.9	VALN	Valneva SE ADR	Pair Corr
0.71	DVAX	Dynavax Technologies	Pair Corr
0.64	KTTAW	Pasithea Therapeutics	Pair Corr
0.56	VIGL	Vigil Neuroscience	Pair Corr
0.52	DMAC	DiaMedica Therapeutics	Pair Corr
0.5	DTIL	Precision BioSciences Earnings Call This Week	Pair Corr
0.46	EQ	Equillium	Pair Corr
0.9	VRNA	Verona Pharma PLC	Pair Corr
0.86	VRTX	Vertex Pharmaceuticals	Pair Corr
0.71	ENTA	Enanta Pharmaceuticals	Pair Corr
0.69	VTVT	vTv Therapeutics Trending	Pair Corr
0.68	EDSA	Edesa Biotech	Pair Corr
0.66	EOLS	Evolus Inc	Pair Corr
0.61	ELTX	Elicio Therapeutics	Pair Corr
0.56	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.51	EDIT	Editas Medicine	Pair Corr

Related Correlations Analysis

	SGTX	RVPH	ZVSA	KRBP	UNCY	CKPT	MBIO	FBIOP	KOD	ARDX
SGTX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SGTX
RVPH	0.0		0.77	0.0	0.3	-0.1	0.5	0.59	0.54	0.08	RVPH
ZVSA	0.0	0.77		0.0	0.04	-0.35	0.37	0.48	0.44	0.02	ZVSA
KRBP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	KRBP
UNCY	0.0	0.3	0.04	0.0		0.37	0.79	0.44	0.81	-0.39	UNCY
CKPT	0.0	-0.1	-0.35	0.0	0.37		0.14	0.42	0.14	-0.03	CKPT
MBIO	0.0	0.5	0.37	0.0	0.79	0.14		0.54	0.84	-0.39	MBIO
FBIOP	0.0	0.59	0.48	0.0	0.44	0.42	0.54		0.64	-0.1	FBIOP
KOD	0.0	0.54	0.44	0.0	0.81	0.14	0.84	0.64		-0.44	KOD
ARDX	0.0	0.08	0.02	0.0	-0.39	-0.03	-0.39	-0.1	-0.44		ARDX
	SGTX	RVPH	ZVSA	KRBP	UNCY	CKPT	MBIO	FBIOP	KOD	ARDX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

KOD	+ 0.84	MBIO
KOD	+ 0.81	UNCY
MBIO	+ 0.79	UNCY
ZVSA	+ 0.77	RVPH
KOD	+ 0.64	FBIOP
FBIOP	+ 0.59	RVPH

High negative correlations

ARDX	- 0.44	KOD
ARDX	- 0.39	MBIO
ARDX	- 0.39	UNCY
CKPT	- 0.35	ZVSA
ARDX	- 0.1	FBIOP
CKPT	- 0.1	RVPH

Risk-Adjusted Indicators

There is a big difference between Lipocine Stock performing well and Lipocine 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 Lipocine'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
SGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RVPH	4.50	(0.18)	0.00	(0.19)	0.00	0.00	12.99	(10.67)	39.67
ZVSA	4.40	(0.67)	0.00	(2.76)	0.00	0.00	12.03	(9.52)	38.26
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UNCY	3.73	(0.32)	0.00	0.14	0.00	0.00	7.41	(6.56)	28.72
CKPT	4.86	0.47	0.16	(0.39)	3.89	(6.82)	11.28	(6.80)	61.63
MBIO	6.55	(2.77)	0.00	0.78	0.00	0.00	15.60	(21.98)	53.88
FBIOP	2.09	(0.06)	0.05	(0.01)	2.11	(2.59)	3.83	(3.87)	14.53
KOD	4.67	(1.43)	0.00	(4.43)	0.00	0.00	7.47	(9.22)	34.21
ARDX	3.17	0.39	0.10	0.36	3.66	(3.77)	9.11	(5.22)	27.51

Lipocine Corporate Management

CPA CPA	Co Sec	Profile
Logan Morse	Marketing Sales	Profile
Nachiappan Chidambaram	Senior Development	Profile
M MD	Chief Director	Profile
Krista Fogarty	Principal Controller	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC