Verrica Pharmaceuticals Correlations

VRCA Stock

USD 0.47 0.05 8.85%

The correlation of Verrica Pharmaceuticals 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.

Verrica Pharmaceuticals Correlation With Market

Average diversification

The correlation between Verrica Pharmaceuticals and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verrica Pharmaceuticals 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 Verrica Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Verrica Stock

0.63	ELEV	Elevation Oncology	Pair Corr
0.73	KRON	Kronos Bio	Pair Corr

Moving against Verrica Stock

0.59	OCX	OncoCyte Corp	Pair Corr
0.51	BMY	Bristol Myers Squibb	Pair Corr
0.48	SNY	Sanofi ADR	Pair Corr
0.46	AZN	AstraZeneca PLC ADR	Pair Corr
0.46	GILD	Gilead Sciences Potential Growth	Pair Corr
0.32	GOSS	Gossamer Bio	Pair Corr
0.51	AMGN	Amgen Inc	Pair Corr
0.42	NVCT	Nuvectis Pharma	Pair Corr
0.31	DRMAW	Dermata Therapeutics	Pair Corr

Related Correlations Analysis

	LIAN	IVA	EWTX	VIGL	CNTB	ABOS	ETON	NUVB	ELDN	VRNA
LIAN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LIAN
IVA	0.0		-0.4	0.47	-0.8	-0.83	0.17	-0.83	-0.5	0.81	IVA
EWTX	0.0	-0.4		-0.19	0.32	0.6	-0.12	0.44	0.45	-0.56	EWTX
VIGL	0.0	0.47	-0.19		-0.45	-0.55	0.69	-0.5	0.28	0.71	VIGL
CNTB	0.0	-0.8	0.32	-0.45		0.8	-0.27	0.8	0.47	-0.76	CNTB
ABOS	0.0	-0.83	0.6	-0.55	0.8		-0.43	0.92	0.53	-0.92	ABOS
ETON	0.0	0.17	-0.12	0.69	-0.27	-0.43		-0.4	0.32	0.55	ETON
NUVB	0.0	-0.83	0.44	-0.5	0.8	0.92	-0.4		0.49	-0.87	NUVB
ELDN	0.0	-0.5	0.45	0.28	0.47	0.53	0.32	0.49		-0.33	ELDN
VRNA	0.0	0.81	-0.56	0.71	-0.76	-0.92	0.55	-0.87	-0.33		VRNA
	LIAN	IVA	EWTX	VIGL	CNTB	ABOS	ETON	NUVB	ELDN	VRNA

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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

NUVB	+ 0.92	ABOS
VRNA	+ 0.81	IVA
ABOS	+ 0.8	CNTB
NUVB	+ 0.8	CNTB
VRNA	+ 0.71	VIGL
ETON	+ 0.69	VIGL

High negative correlations

VRNA	- 0.92	ABOS
VRNA	- 0.87	NUVB
NUVB	- 0.83	IVA
ABOS	- 0.83	IVA
CNTB	- 0.8	IVA
VRNA	- 0.76	CNTB

Risk-Adjusted Indicators

There is a big difference between Verrica Stock performing well and Verrica Pharmaceuticals 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 Verrica Pharmaceuticals' 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
LIAN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVA	2.98	0.41	0.10	0.37	3.37	(3.46)	5.84	(5.73)	23.67
EWTX	2.65	(0.40)	0.00	(0.31)	0.00	0.00	4.89	(7.61)	17.09
VIGL	3.85	0.21	0.03	0.08	5.00	(3.89)	7.87	(7.49)	27.97
CNTB	3.50	(0.33)	0.00	(0.37)	0.00	0.00	7.59	(7.07)	29.84
ABOS	3.02	(0.59)	0.00	(0.49)	0.00	0.00	6.57	(7.09)	19.77
ETON	3.59	0.36	0.08	0.34	4.26	(3.92)	7.74	(6.17)	25.22
NUVB	3.33	(0.34)	0.00	(0.48)	0.00	0.00	6.88	(7.38)	28.03
ELDN	2.75	(0.22)	0.00	(0.18)	0.00	0.00	4.71	(5.28)	18.63
VRNA	3.06	0.76	0.24	1.44	2.87	(3.49)	7.76	(5.10)	17.34

Verrica Pharmaceuticals Corporate Management

Eugene Scavola	Executive Operations	Profile
Terence Kohler	Chief Officer	Profile
Dr MBA	Head Development	Profile
Christopher Hayes	Secretary, Officer	Profile
Joe Bonaccorso	Chief Commercial Officer	Profile
Gary MD	Chief Officer	Profile
David Zawitz	Chief Officer	Profile

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