Addex Therapeutics Correlations

ADXN Stock

USD 8.10 0.51 6.72%

The current 90-days correlation between Addex Therapeutics and Cardio Diagnostics Holdings is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Addex Therapeutics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Addex Therapeutics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Addex Therapeutics Correlation With Market

Significant diversification

The correlation between Addex Therapeutics and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Addex Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Addex Stock, please use our How to Invest in Addex Therapeutics guide.

Moving together with Addex Stock

0.67

MSFT

Microsoft

Pair Corr

Moving against Addex Stock

0.63	JNJ	Johnson Johnson	Pair Corr
0.6	PPERY	Bank Mandiri Persero	Pair Corr
0.6	DD	Dupont De Nemours	Pair Corr
0.59	TRV	The Travelers Companies	Pair Corr
0.53	KO	Coca Cola	Pair Corr
0.5	CAT	Caterpillar	Pair Corr
0.45	PPERF	Bank Mandiri Persero	Pair Corr
0.45	SHG	Shinhan Financial	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.45	WMT	Walmart Common Stock	Pair Corr
0.43	XOM	Exxon Mobil Corp	Pair Corr
0.41	PFE	Pfizer Inc	Pair Corr
0.41	IBM	International Business	Pair Corr
0.39	MCD	McDonalds	Pair Corr
0.36	PBCRF	PT Bank Central	Pair Corr
0.36	KB	KB Financial Group	Pair Corr
0.36	AXP	American Express	Pair Corr
0.31	BAC	Bank of America	Pair Corr

Related Correlations Analysis

	CDIO	BCLI	MTNB	RADX	IBO	QNRX	TCRT	NRSN	NBY	ADIL
CDIO		0.57	0.8	0.71	0.79	-0.64	-0.3	0.32	0.13	0.77	CDIO
BCLI	0.57		0.79	0.68	0.78	-0.47	-0.61	0.55	-0.26	0.73	BCLI
MTNB	0.8	0.79		0.84	0.89	-0.62	-0.57	0.63	-0.11	0.76	MTNB
RADX	0.71	0.68	0.84		0.76	-0.4	-0.32	0.64	-0.13	0.81	RADX
IBO	0.79	0.78	0.89	0.76		-0.74	-0.5	0.44	0.14	0.68	IBO
QNRX	-0.64	-0.47	-0.62	-0.4	-0.74		0.46	-0.07	-0.33	-0.34	QNRX
TCRT	-0.3	-0.61	-0.57	-0.32	-0.5	0.46		-0.36	0.45	-0.31	TCRT
NRSN	0.32	0.55	0.63	0.64	0.44	-0.07	-0.36		-0.38	0.48	NRSN
NBY	0.13	-0.26	-0.11	-0.13	0.14	-0.33	0.45	-0.38		-0.17	NBY
ADIL	0.77	0.73	0.76	0.81	0.68	-0.34	-0.31	0.48	-0.17		ADIL
	CDIO	BCLI	MTNB	RADX	IBO	QNRX	TCRT	NRSN	NBY	ADIL

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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

IBO	+ 0.89	MTNB
RADX	+ 0.84	MTNB
ADIL	+ 0.81	RADX
MTNB	+ 0.8	CDIO
IBO	+ 0.79	CDIO
MTNB	+ 0.79	BCLI

High negative correlations

QNRX	- 0.74	IBO
QNRX	- 0.64	CDIO
QNRX	- 0.62	MTNB
TCRT	- 0.61	BCLI
TCRT	- 0.57	MTNB
TCRT	- 0.5	IBO

Risk-Adjusted Indicators

There is a big difference between Addex Stock performing well and Addex Therapeutics 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 Addex Therapeutics' 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
CDIO	4.05	0.02	0.00	0.11	4.77	(4.61)	8.01	(8.79)	31.12
BCLI	2.59	(0.34)	0.00	(0.83)	0.00	0.00	4.84	(5.08)	20.30
MTNB	4.33	(1.08)	0.00	(0.92)	0.00	0.00	7.60	(8.59)	49.07
RADX	3.70	(0.55)	0.00	1.30	0.00	0.00	7.10	(7.58)	34.19
IBO	2.55	(0.39)	0.00	1.87	0.00	0.00	6.82	(6.52)	16.10
QNRX	10.20	2.11	0.17	(0.86)	10.17	(13.30)	18.69	(17.54)	187.29
TCRT	5.03	1.20	0.19	(157.68)	5.18	(6.10)	12.10	(10.78)	36.12
NRSN	3.57	(0.28)	0.00	2.11	0.00	0.00	7.89	(7.37)	34.62
NBY	7.12	1.02	0.12	0.65	7.74	(8.35)	16.77	(13.13)	38.13
ADIL	2.46	(0.26)	0.00	(0.15)	0.00	0.00	5.71	(6.06)	17.63

Addex Therapeutics Corporate Management

Timothy Dyer	CEO CoFounder	Profile
Werner Henrichi	Consultant	Profile
Mikhail Kalinichev	Head Science	Profile
JeanPhilippe Rocher	Head Chemistry	Profile
Roger MD	Chief Director	Profile
Lnaic Teyssdou	Head Finance	Profile
Robert Lutjens	Head Biology	Profile

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