PolyPid Correlations

PYPD Stock

USD 3.07 0.09 3.02%

The current 90-days correlation between PolyPid and Cue Biopharma is -0.1 (i.e., Good diversification). The correlation of PolyPid 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.

PolyPid Correlation With Market

Good diversification

The correlation between PolyPid and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PolyPid 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 PolyPid. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For information on how to trade PolyPid Stock refer to our How to Trade PolyPid Stock guide.

Moving against PolyPid Stock

0.48	VALN	Valneva SE ADR Earnings Call Today	Pair Corr
0.46	DVAX	Dynavax Technologies	Pair Corr
0.4	EQ	Equillium	Pair Corr
0.39	VIGL	Vigil Neuroscience	Pair Corr
0.43	EDSA	Edesa Biotech	Pair Corr
0.42	VRNA	Verona Pharma PLC Buyout Trend	Pair Corr
0.4	VRTX	Vertex Pharmaceuticals	Pair Corr
0.37	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	CUE	ANIX	INMB	INAB	EFTR	LABP	APGN	NAVB	ANGN	ANEB
CUE		0.01	0.3	0.54	0.0	0.0	0.0	0.0	0.0	0.3	CUE
ANIX	0.01		0.76	-0.25	0.0	0.0	0.0	0.0	0.0	-0.3	ANIX
INMB	0.3	0.76		-0.08	0.0	0.0	0.0	0.0	0.0	-0.1	INMB
INAB	0.54	-0.25	-0.08		0.0	0.0	0.0	0.0	0.0	0.29	INAB
EFTR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	EFTR
LABP	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	LABP
APGN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	APGN
NAVB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NAVB
ANGN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ANGN
ANEB	0.3	-0.3	-0.1	0.29	0.0	0.0	0.0	0.0	0.0		ANEB
	CUE	ANIX	INMB	INAB	EFTR	LABP	APGN	NAVB	ANGN	ANEB

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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

INMB	+ 0.76	ANIX
INAB	+ 0.54	CUE
INMB	+ 0.3	CUE
ANEB	+ 0.3	CUE
ANEB	+ 0.29	INAB
ANIX	+ 0.01	CUE

High negative correlations

ANEB	- 0.3	ANIX
INAB	- 0.25	ANIX
ANEB	- 0.1	INMB
INAB	- 0.08	INMB
ANEB	- 0.0	ANGN
ANEB	- 0.0	NAVB

Risk-Adjusted Indicators

There is a big difference between PolyPid Stock performing well and PolyPid 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 PolyPid'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
CUE	4.90	0.01	0.00	(0.08)	0.00	0.00	8.51	(8.96)	38.78
ANIX	3.38	0.23	0.05	0.09	3.74	(4.25)	7.14	(7.20)	26.44
INMB	4.61	1.13	0.23	1.13	4.24	(5.55)	12.97	(8.32)	28.67
INAB	4.99	(0.32)	0.00	(0.52)	0.00	0.00	11.54	(9.37)	32.12
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LABP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NAVB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANGN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANEB	5.11	0.40	0.06	0.18	5.31	(6.76)	19.58	(10.43)	40.87

PolyPid Corporate Management

Ori Warshavsky	Chief US	Profile
Dikla Akselbrad	Chief Officer	Profile
Malka Reichart	Scientific Director	Profile
Rivi Levari	Vice Resource	Profile
Orna Blum	Legal Counsel	Profile
JeanMarc PharmD	Chief Officer	Profile
Tal Vilnai	General Secretary	Profile

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