ProMIS Neurosciences Correlations

PMN Stock

USD 0.64 0.02 3.03%

The current 90-days correlation between ProMIS Neurosciences and Zenith Capital Corp is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ProMIS Neurosciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ProMIS Neurosciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ProMIS Neurosciences Correlation With Market

Good diversification

The correlation between ProMIS Neurosciences and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProMIS Neurosciences and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in ProMIS Neurosciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with ProMIS Stock

0.67	CDIOW	Cardio Diagnostics	Pair Corr
0.73	ELVN	Enliven Therapeutics	Pair Corr
0.79	SCLX	Scilex Holding	Pair Corr
0.82	ASMB	Assembly Biosciences Earnings Call This Week	Pair Corr
0.79	CMND	Clearmind Medicine Common	Pair Corr
0.66	MSFT	Microsoft	Pair Corr

Moving against ProMIS Stock

0.7	LUCD	Lucid Diagnostics	Pair Corr
0.66	WM	Waste Management	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.46	GE	GE Aerospace	Pair Corr
0.83	JNJ	Johnson Johnson	Pair Corr
0.79	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.58	XOM	Exxon Mobil Corp	Pair Corr
0.55	CVX	Chevron Corp	Pair Corr
0.53	MMM	3M Company	Pair Corr
0.51	INTC	Intel	Pair Corr
0.49	IBM	International Business	Pair Corr
0.38	CSCO	Cisco Systems	Pair Corr

Related Correlations Analysis

	BIOAF	ZHCLF	HOPHF	FENC	GANX	BIVI	INAB	NAMS	CUE	NAMSW
BIOAF		0.1	0.0	0.22	-0.01	-0.71	-0.39	0.15	-0.4	0.21	BIOAF
ZHCLF	0.1		0.0	0.1	-0.37	-0.04	-0.1	0.19	-0.35	0.17	ZHCLF
HOPHF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HOPHF
FENC	0.22	0.1	0.0		0.24	-0.62	-0.34	-0.63	0.06	-0.64	FENC
GANX	-0.01	-0.37	0.0	0.24		-0.09	0.34	-0.42	0.53	-0.44	GANX
BIVI	-0.71	-0.04	0.0	-0.62	-0.09		0.61	0.42	0.33	0.37	BIVI
INAB	-0.39	-0.1	0.0	-0.34	0.34	0.61		0.01	0.7	0.03	INAB
NAMS	0.15	0.19	0.0	-0.63	-0.42	0.42	0.01		-0.36	0.97	NAMS
CUE	-0.4	-0.35	0.0	0.06	0.53	0.33	0.7	-0.36		-0.34	CUE
NAMSW	0.21	0.17	0.0	-0.64	-0.44	0.37	0.03	0.97	-0.34		NAMSW
	BIOAF	ZHCLF	HOPHF	FENC	GANX	BIVI	INAB	NAMS	CUE	NAMSW

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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

NAMSW	+ 0.97	NAMS
CUE	+ 0.7	INAB
INAB	+ 0.61	BIVI
CUE	+ 0.53	GANX
NAMS	+ 0.42	BIVI
NAMSW	+ 0.37	BIVI

High negative correlations

BIVI	- 0.71	BIOAF
NAMSW	- 0.64	FENC
NAMS	- 0.63	FENC
BIVI	- 0.62	FENC
NAMSW	- 0.44	GANX
NAMS	- 0.42	GANX

Risk-Adjusted Indicators

There is a big difference between ProMIS Stock performing well and ProMIS Neurosciences 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 ProMIS Neurosciences' 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
BIOAF	11.80	5.03	0.00	(1.37)	0.00	0.00	0.00	0.00	300.00
ZHCLF	5,869	2,801	0.00	(0.78)	0.00	0.00	300.00	(99.80)	100,000
HOPHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FENC	2.06	0.26	0.08	0.14	2.93	(2.25)	4.75	(3.56)	16.33
GANX	4.70	0.73	0.16	2.73	4.40	(5.41)	10.75	(8.06)	32.31
BIVI	4.22	(1.00)	0.00	(0.51)	0.00	0.00	9.00	(8.65)	26.80
INAB	4.72	(0.06)	0.00	(0.14)	0.00	0.00	11.54	(9.37)	32.12
NAMS	2.16	(0.04)	0.00	0.05	0.00	0.00	6.09	(4.59)	13.71
CUE	4.76	0.31	0.07	0.40	4.69	(6.32)	8.51	(8.57)	38.78
NAMSW	3.33	(0.08)	0.02	(0.04)	4.84	(4.69)	11.00	(10.01)	29.76

ProMIS Neurosciences Corporate Management

Gail Farfel	Chief Officer	Profile
Daniel MBA	Chief Officer	Profile
Johanne Kaplan	Chief Officer	Profile
Dennis Chen	Head Consultant	Profile
David Wishart	Chief Officer	Profile

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