Scilex Holding Correlations

SCLXW Stock

0.09 0.02 18.18%

The current 90-days correlation between Scilex Holding and Willamette Valley Vineyards is -0.25 (i.e., Very good diversification). The correlation of Scilex Holding 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.

Scilex Holding Correlation With Market

Significant diversification

The correlation between Scilex Holding and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scilex Holding and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scilex Holding. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Scilex Stock please use our How to Invest in Scilex Holding guide.

Moving together with Scilex Stock

0.77	ILMN	Illumina Downward Rally	Pair Corr
0.66	INZY	Inozyme Pharma	Pair Corr
0.71	ABOS	Acumen Pharmaceuticals	Pair Corr
0.63	ADTX	Aditxt Inc	Pair Corr
0.65	TCRX	Tscan Therapeutics	Pair Corr
0.71	TERN	Terns Pharmaceuticals	Pair Corr
0.69	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.65	CTMX	CytomX Therapeutics	Pair Corr
0.62	TLKMF	Telkom Indonesia Tbk	Pair Corr

Moving against Scilex Stock

0.75	PHGE	Biomx Inc	Pair Corr
0.62	OPT	Opthea	Pair Corr
0.55	FENC	Fennec Pharmaceuticals	Pair Corr
0.54	GANX	Gain Therapeutics	Pair Corr
0.54	LTRN	Lantern Pharma	Pair Corr
0.48	CUE	Cue Biopharma	Pair Corr
0.34	PFE	Pfizer Inc	Pair Corr
0.44	DBVT	DBV Technologies Earnings Call This Week	Pair Corr
0.8	EC	Ecopetrol SA ADR	Pair Corr
0.73	T	ATT Inc Aggressive Push	Pair Corr
0.69	KO	Coca Cola Aggressive Push	Pair Corr
0.62	GPI	Group 1 Automotive	Pair Corr

Related Correlations Analysis

	UNM	CCU	PLMR	ESNT	WVVIP	STZ	SAM	UVE
UNM		0.43	0.36	0.83	0.06	-0.43	-0.43	0.08	UNM
CCU	0.43		0.71	0.35	-0.04	-0.79	-0.83	-0.38	CCU
PLMR	0.36	0.71		0.24	0.08	-0.45	-0.51	0.07	PLMR
ESNT	0.83	0.35	0.24		-0.02	-0.58	-0.55	-0.18	ESNT
WVVIP	0.06	-0.04	0.08	-0.02		0.27	0.24	0.3	WVVIP
STZ	-0.43	-0.79	-0.45	-0.58	0.27		0.98	0.71	STZ
SAM	-0.43	-0.83	-0.51	-0.55	0.24	0.98		0.69	SAM
UVE	0.08	-0.38	0.07	-0.18	0.3	0.71	0.69		UVE
	UNM	CCU	PLMR	ESNT	WVVIP	STZ	SAM	UVE

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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

SAM	+ 0.98	STZ
ESNT	+ 0.83	UNM
PLMR	+ 0.71	CCU
UVE	+ 0.71	STZ
UVE	+ 0.69	SAM
CCU	+ 0.43	UNM

High negative correlations

SAM	- 0.83	CCU
STZ	- 0.79	CCU
STZ	- 0.58	ESNT
SAM	- 0.55	ESNT
SAM	- 0.51	PLMR
STZ	- 0.45	PLMR

Risk-Adjusted Indicators

There is a big difference between Scilex Stock performing well and Scilex Holding 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 Scilex Holding'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
UNM	0.81	0.11	0.11	0.17	0.92	(0.91)	1.76	(1.57)	7.09
CCU	0.95	0.35	0.29	3.54	0.85	(1.11)	2.01	(1.65)	4.88
PLMR	1.63	0.22	0.11	0.33	1.84	(1.80)	2.87	(2.78)	17.13
ESNT	0.91	0.02	0.02	0.03	1.26	(0.91)	1.89	(2.51)	5.89
WVVIP	1.60	(0.05)	0.00	(0.14)	0.00	0.00	3.82	(3.74)	10.52
STZ	1.38	(0.41)	0.00	0.90	0.00	0.00	2.22	(2.81)	19.31
SAM	1.24	(0.42)	0.00	3.89	0.00	0.00	2.30	(2.45)	9.46
UVE	1.19	0.03	0.02	0.04	1.43	(1.34)	2.06	(2.71)	5.84

Scilex Holding Corporate Management

Steven JD	Interim Officer	Profile
Gigi DeGuzman	Executive Resources	Profile
Dmitri MD	Senior Officer	Profile
Sumant Rajendran	Executive Marketing	Profile

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