ABPRO P Correlations

ABP Stock

5.49 0.40 6.79%

The current 90-days correlation between ABPRO P and Aptorum Group Ltd is -0.05 (i.e., Good diversification). The correlation of ABPRO P 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.

ABPRO P Correlation With Market

Average diversification

The correlation between ABPRO P and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABPRO P and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ABPRO Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ABPRO P. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in ABPRO Stock, please use our How to Invest in ABPRO P guide.

Moving together with ABPRO Stock

0.65	OPTI	OptiBiotix Health Plc	Pair Corr
0.63	688089	Cabio Biotech Wuhan	Pair Corr
0.71	300439	Ningbo MedicalSystem	Pair Corr
0.69	688166	BrightGene Bio Medical	Pair Corr

Moving against ABPRO Stock

0.63	ZBIO	Zenas BioPharma, Common	Pair Corr
0.63	ZYME	Zymeworks Common Stock	Pair Corr
0.49	UPB	Upstream Bio,	Pair Corr
0.48	IMNM	Immunome Earnings Call This Week	Pair Corr
0.4	DYAI	Dyadic International	Pair Corr
0.37	ROQ	Roquefort Investments PLC	Pair Corr
0.58	ANAB	AnaptysBio	Pair Corr
0.51	MURA	Mural Oncology plc	Pair Corr
0.42	QNRX	Quoin Pharmaceuticals Trending	Pair Corr
0.4	600201	Jinyu Bio Technology	Pair Corr

Related Correlations Analysis

	APM	MRKR	AEON	CING	MBIO	CLRB	BOLT	EVGN	LYRA	SNSE
APM		0.21	-0.33	0.51	0.32	0.47	0.03	0.1	0.45	-0.18	APM
MRKR	0.21		0.03	0.47	0.58	-0.03	0.22	0.6	0.42	0.06	MRKR
AEON	-0.33	0.03		-0.06	-0.09	-0.31	0.44	0.23	-0.03	0.87	AEON
CING	0.51	0.47	-0.06		0.55	0.49	0.27	0.42	0.67	0.07	CING
MBIO	0.32	0.58	-0.09	0.55		0.55	0.42	0.4	0.8	0.13	MBIO
CLRB	0.47	-0.03	-0.31	0.49	0.55		0.13	-0.16	0.66	0.01	CLRB
BOLT	0.03	0.22	0.44	0.27	0.42	0.13		0.44	0.44	0.59	BOLT
EVGN	0.1	0.6	0.23	0.42	0.4	-0.16	0.44		0.41	0.26	EVGN
LYRA	0.45	0.42	-0.03	0.67	0.8	0.66	0.44	0.41		0.18	LYRA
SNSE	-0.18	0.06	0.87	0.07	0.13	0.01	0.59	0.26	0.18		SNSE
	APM	MRKR	AEON	CING	MBIO	CLRB	BOLT	EVGN	LYRA	SNSE

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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

SNSE	+ 0.87	AEON
LYRA	+ 0.8	MBIO
LYRA	+ 0.67	CING
LYRA	+ 0.66	CLRB
EVGN	+ 0.6	MRKR
SNSE	+ 0.59	BOLT

High negative correlations

AEON	- 0.33	APM
CLRB	- 0.31	AEON
SNSE	- 0.18	APM
EVGN	- 0.16	CLRB
MBIO	- 0.09	AEON
CING	- 0.06	AEON

Risk-Adjusted Indicators

There is a big difference between ABPRO Stock performing well and ABPRO P 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 ABPRO P'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
APM	8.93	2.13	0.20	(0.93)	7.77	(12.40)	8.19	(11.26)	272.53
MRKR	3.71	(0.47)	0.00	(0.18)	0.00	0.00	7.95	(6.00)	27.25
AEON	4.66	0.46	0.06	(0.66)	5.57	(5.55)	10.59	(8.25)	48.70
CING	3.15	(0.33)	0.00	(0.08)	0.00	0.00	5.01	(5.85)	20.28
MBIO	2.95	(0.50)	0.00	0.44	0.00	0.00	6.54	(6.67)	25.74
CLRB	3.83	(0.69)	0.00	(0.18)	0.00	0.00	8.29	(7.80)	29.15
BOLT	3.36	(0.24)	0.00	(0.17)	0.00	0.00	7.06	(7.50)	27.55
EVGN	2.81	(0.23)	0.00	(0.08)	0.00	0.00	6.15	(4.80)	17.99
LYRA	2.96	(0.90)	0.00	(1.15)	0.00	0.00	4.35	(6.94)	28.38
SNSE	4.84	0.31	0.04	0.32	7.25	(5.24)	10.57	(6.11)	61.96

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