Regencell Bioscience Correlations

RGC Stock

USD 4.86 0.04 0.82%

The correlation of Regencell Bioscience 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.

Regencell Bioscience Correlation With Market

Good diversification

The correlation between Regencell Bioscience Holdings and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regencell Bioscience Holdings 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 Regencell Bioscience Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Regencell Stock

0.65	ILMN	Illumina Downward Rally	Pair Corr
0.7	INZY	Inozyme Pharma	Pair Corr
0.66	KURA	Kura Oncology	Pair Corr
0.89	ABOS	Acumen Pharmaceuticals	Pair Corr
0.87	ADTX	Aditxt Inc	Pair Corr
0.77	STRO	Sutro Biopharma	Pair Corr
0.86	TCRX	Tscan Therapeutics	Pair Corr
0.74	TERN	Terns Pharmaceuticals	Pair Corr
0.79	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.62	DAWN	Day One Biopharmaceu	Pair Corr
0.76	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Regencell Stock

0.84	OPT	Opthea	Pair Corr
0.79	LTRN	Lantern Pharma	Pair Corr
0.7	GANX	Gain Therapeutics	Pair Corr
0.68	PHGE	Biomx Inc	Pair Corr
0.67	FENC	Fennec Pharmaceuticals	Pair Corr
0.58	CUE	Cue Biopharma	Pair Corr
0.53	PFE	Pfizer Inc	Pair Corr
0.41	A	Agilent Technologies	Pair Corr
0.32	XFOR	X4 Pharmaceuticals	Pair Corr
0.59	DBVT	DBV Technologies Earnings Call This Week	Pair Corr
0.55	CGTX	Cognition Therapeutics	Pair Corr
0.49	CPRX	Catalyst Pharmaceuticals Buyout Trend	Pair Corr
0.85	OBI	Ondine Biomedical	Pair Corr
0.78	GPI	Group 1 Automotive	Pair Corr
0.74	SSNLF	Samsung Electronics	Pair Corr
0.71	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	DLTNF	RAMMF	CVGRF	BHHKF	SPBBF	PROCW	SSIC	EGRX	PAHC	SBFMW
DLTNF		0.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	DLTNF
RAMMF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	RAMMF
CVGRF	0.0	0.0		0.0	0.0	-0.04	0.0	0.0	0.35	-0.11	CVGRF
BHHKF	-1.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BHHKF
SPBBF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SPBBF
PROCW	0.0	0.0	-0.04	0.0	0.0		0.0	0.0	0.72	0.12	PROCW
SSIC	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SSIC
EGRX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	EGRX
PAHC	0.0	0.0	0.35	0.0	0.0	0.72	0.0	0.0		-0.05	PAHC
SBFMW	0.0	0.0	-0.11	0.0	0.0	0.12	0.0	0.0	-0.05		SBFMW
	DLTNF	RAMMF	CVGRF	BHHKF	SPBBF	PROCW	SSIC	EGRX	PAHC	SBFMW

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

PAHC	+ 0.72	PROCW
PAHC	+ 0.35	CVGRF
SBFMW	+ 0.12	PROCW
RAMMF	+ 0.0	DLTNF
CVGRF	+ 0.0	DLTNF
SPBBF	+ 0.0	DLTNF

High negative correlations

BHHKF	- 1.0	DLTNF
SBFMW	- 0.11	CVGRF
SBFMW	- 0.05	PAHC
PROCW	- 0.04	CVGRF
SBFMW	- 0.0	EGRX
PAHC	- 0.0	EGRX

Risk-Adjusted Indicators

There is a big difference between Regencell Stock performing well and Regencell Bioscience 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 Regencell Bioscience'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
DLTNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RAMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVGRF	4.51	0.14	0.00	(0.78)	0.00	0.00	5.71	0.00	139.02
BHHKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SPBBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PROCW	10.97	0.36	0.02	0.09	13.90	(16.80)	25.00	(28.75)	80.12
SSIC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGRX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAHC	1.85	(0.05)	0.00	(0.04)	0.00	0.00	3.68	(5.07)	17.07
SBFMW	21.70	5.46	0.25	(3.23)	16.32	(38.00)	57.14	(30.30)	318.64

Regencell Bioscience Corporate Management

Wai Chung	COO Officer	Profile
Tien Chau	Executive Officer	Profile
Michelle Chan	Financial Controller	Profile
YatPui Au	Chief Officer	Profile
YatGai Au	Chairman Founder	Profile
Antonia Assang	Senior Management	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