NRBO Old Correlations

Summary

NRBODelisted Stock

USD 1.89 0.11 5.50%

The current 90-days correlation between NRBO Old and Cardio Diagnostics Holdings is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as NRBO Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NRBO Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

NRBO Old Correlation With Market

Good diversification

The correlation between NRBO Old and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NRBO Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with NRBO Stock

0.71

MSFT

Microsoft Aggressive Push

Pair Corr

Moving against NRBO Stock

0.83	AVAL	Grupo Aval	Pair Corr
0.83	BCH	Banco De Chile	Pair Corr
0.8	WF	Woori Financial Group	Pair Corr
0.79	KO	Coca Cola Sell-off Trend	Pair Corr
0.77	IBM	International Business	Pair Corr
0.77	T	ATT Inc Aggressive Push	Pair Corr
0.76	GE	GE Aerospace	Pair Corr
0.74	CSCO	Cisco Systems	Pair Corr
0.74	CVX	Chevron Corp	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.68	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.67	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.61	MCD	McDonalds	Pair Corr
0.53	BAC-PL	Bank of America	Pair Corr
0.53	WFC-PL	Wells Fargo	Pair Corr
0.52	DD	Dupont De Nemours	Pair Corr
0.35	FNMFO	Federal National Mortgage	Pair Corr

Related Correlations Analysis

	ALLR	HILS	VRAX	QNRX	KRBP	BDRX	ZURA	PHIO	SONN	ATNF
ALLR		0.0	0.27	0.1	0.0	0.35	0.28	0.26	0.44	0.25	ALLR
HILS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HILS
VRAX	0.27	0.0		0.71	0.0	0.69	0.64	0.47	0.61	0.43	VRAX
QNRX	0.1	0.0	0.71		0.0	0.43	0.87	0.43	0.37	0.66	QNRX
KRBP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	KRBP
BDRX	0.35	0.0	0.69	0.43	0.0		0.56	0.46	0.63	0.55	BDRX
ZURA	0.28	0.0	0.64	0.87	0.0	0.56		0.4	0.44	0.83	ZURA
PHIO	0.26	0.0	0.47	0.43	0.0	0.46	0.4		0.34	0.33	PHIO
SONN	0.44	0.0	0.61	0.37	0.0	0.63	0.44	0.34		0.25	SONN
ATNF	0.25	0.0	0.43	0.66	0.0	0.55	0.83	0.33	0.25		ATNF
	ALLR	HILS	VRAX	QNRX	KRBP	BDRX	ZURA	PHIO	SONN	ATNF

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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

ZURA	+ 0.87	QNRX
ATNF	+ 0.83	ZURA
QNRX	+ 0.71	VRAX
BDRX	+ 0.69	VRAX
ATNF	+ 0.66	QNRX
ZURA	+ 0.64	VRAX

High negative correlations

ATNF	- 0.0	KRBP
SONN	- 0.0	KRBP
PHIO	- 0.0	KRBP
ZURA	- 0.0	KRBP
BDRX	- 0.0	KRBP
KRBP	- 0.0	QNRX

Risk-Adjusted Indicators

There is a big difference between NRBO Stock performing well and NRBO Old 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 NRBO Old'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
ALLR	5.62	0.36	0.06	0.67	6.24	(6.74)	14.58	(11.82)	47.01
HILS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRAX	6.28	0.06	0.02	(0.08)	6.90	(8.09)	16.67	(11.98)	59.66
QNRX	5.38	(0.85)	0.00	1.79	0.00	0.00	14.29	(10.53)	57.78
KRBP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BDRX	5.01	(0.96)	0.00	(0.52)	0.00	0.00	11.58	(11.78)	52.99
ZURA	4.47	(0.66)	0.00	(0.31)	0.00	0.00	9.79	(9.96)	29.06
PHIO	11.03	1.87	0.16	0.44	9.59	(20.71)	9.40	(10.59)	336.29
SONN	3.43	(0.22)	0.00	(0.28)	0.00	0.00	8.57	(6.40)	44.37
ATNF	4.37	(0.40)	0.00	(0.37)	0.00	0.00	7.62	(9.04)	79.11

Delisting Warning - NRBO

NRBO Old was delisted

The entity NRBO Old with a symbol NRBO was delisted from NASDAQ Exchange. Please try MetaVia with a symbol MTVA from now on. Check all delisted instruments accross multiple markets.

NRBO Old Corporate Management

PharmD BCPS	VP Operations	Profile
Robert Homolka	Senior Operations	Profile
Ben MD	CEO Pres	Profile
Frank Kondrad	VP Devel	Profile
MiKyung Kim	Chief Officer	Profile

Still Interested in NRBO Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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