NLS Pharmaceutics Correlations

NLSP Stock

USD 1.51 0.01 0.67%

The current 90-days correlation between NLS Pharmaceutics and Indaptus Therapeutics is -0.02 (i.e., Good diversification). The correlation of NLS Pharmaceutics 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.

NLS Pharmaceutics Correlation With Market

Significant diversification

The correlation between NLS Pharmaceutics AG and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NLS Pharmaceutics AG 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 NLS Pharmaceutics AG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against NLS Stock

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0.33	WM	Waste Management	Pair Corr
0.31	LUCD	Lucid Diagnostics	Pair Corr
0.55	JNJ	Johnson Johnson	Pair Corr
0.46	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.45	T	ATT Inc Earnings Call Today	Pair Corr
0.41	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.32	MMM	3M Company	Pair Corr

Related Correlations Analysis

	NRBO	INDP	KTTA	QNRX	LIXT	ANEB	NGENF	ACRV	PTIX	MIRO
NRBO		0.71	0.83	0.73	0.63	0.05	0.22	0.66	0.86	0.0	NRBO
INDP	0.71		0.74	0.6	0.67	0.08	0.14	0.54	0.75	0.0	INDP
KTTA	0.83	0.74		0.82	0.82	0.31	0.51	0.66	0.88	0.0	KTTA
QNRX	0.73	0.6	0.82		0.49	0.18	0.49	0.57	0.84	0.0	QNRX
LIXT	0.63	0.67	0.82	0.49		0.37	0.39	0.47	0.57	0.0	LIXT
ANEB	0.05	0.08	0.31	0.18	0.37		0.22	-0.03	0.04	0.0	ANEB
NGENF	0.22	0.14	0.51	0.49	0.39	0.22		0.11	0.34	0.0	NGENF
ACRV	0.66	0.54	0.66	0.57	0.47	-0.03	0.11		0.66	0.0	ACRV
PTIX	0.86	0.75	0.88	0.84	0.57	0.04	0.34	0.66		0.0	PTIX
MIRO	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MIRO
	NRBO	INDP	KTTA	QNRX	LIXT	ANEB	NGENF	ACRV	PTIX	MIRO

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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

PTIX	+ 0.88	KTTA
PTIX	+ 0.86	NRBO
PTIX	+ 0.84	QNRX
KTTA	+ 0.83	NRBO
QNRX	+ 0.82	KTTA
LIXT	+ 0.82	KTTA

High negative correlations

ACRV	- 0.03	ANEB
MIRO	- 0.0	PTIX
MIRO	- 0.0	ACRV
MIRO	- 0.0	NGENF
MIRO	- 0.0	ANEB
MIRO	- 0.0	LIXT

Risk-Adjusted Indicators

There is a big difference between NLS Stock performing well and NLS Pharmaceutics 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 NLS Pharmaceutics' 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
NRBO	3.99	(0.40)	0.00	(0.43)	0.00	0.00	8.05	(7.34)	25.83
INDP	3.27	(0.43)	0.00	40.53	0.00	0.00	6.32	(6.59)	20.25
KTTA	5.03	(0.76)	0.00	(0.44)	0.00	0.00	8.14	(10.75)	53.63
QNRX	5.40	(0.91)	0.00	1.83	0.00	0.00	14.29	(10.53)	57.78
LIXT	4.91	(0.48)	0.00	0.43	0.00	0.00	11.55	(12.85)	33.08
ANEB	5.72	0.62	0.10	0.37	5.70	(8.10)	19.58	(10.43)	40.87
NGENF	2.17	0.10	0.04	0.03	2.46	(3.02)	4.95	(3.96)	32.23
ACRV	4.13	(0.16)	0.00	(0.16)	0.00	0.00	10.17	(8.24)	30.57
PTIX	6.79	(0.59)	0.00	0.33	0.00	0.00	13.33	(12.50)	45.66
MIRO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

NLS Pharmaceutics Corporate Management

Sharon Keys	Head Affairs	Profile
Nicole CPA	Chief Officer	Profile
iur LLM	G Counsel	Profile
Chad MBA	Chief Officer	Profile
Elena ThyenPighin	Chief Officer	Profile

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