Addex Therapeutics Correlations

ADXN Stock

USD 7.89 0.11 1.38%

The current 90-days correlation between Addex Therapeutics and Aptorum Group Ltd is 0.06 (i.e., Significant 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

Average diversification

The correlation between Addex Therapeutics 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 Addex Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

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 interest.

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

Moving together with Addex Stock

0.77	VALN	Valneva SE ADR	Pair Corr
0.68	ERNA	Eterna Therapeutics	Pair Corr
0.73	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	LLY	Eli Lilly	Pair Corr
0.75	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.71	GNFT	Genfit	Pair Corr
0.61	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.67	MBIO	Mustang Bio	Pair Corr
0.72	MRVI	Maravai Lifesciences	Pair Corr
0.67	RANI	Rani Therapeutics	Pair Corr
0.77	ABBV	AbbVie Inc	Pair Corr
0.65	ABOS	Acumen Pharmaceuticals	Pair Corr
0.81	AMGN	Amgen Inc	Pair Corr
0.68	AQST	Aquestive Therapeutics	Pair Corr
0.82	AVDL	Avadel Pharmaceuticals	Pair Corr

Moving against Addex Stock

0.7	DYAI	Dyadic International	Pair Corr
0.65	BMY	Bristol Myers Squibb	Pair Corr
0.62	ESPR	Esperion Therapeutics	Pair Corr
0.37	GILD	Gilead Sciences	Pair Corr
0.6	MNMD	Mind Medicine	Pair Corr
0.4	ABCL	Abcellera Biologics	Pair Corr
0.51	TARS	Tarsus Pharmaceuticals	Pair Corr

Related Correlations Analysis

	IPHA	APM	CYAD	DYAI	ACGN	ERYP	SNGX	ATXI	KRON	CYCN
IPHA		0.89	0.36	-0.58	0.42	0.16	0.58	0.69	0.35	0.03	IPHA
APM	0.89		0.41	-0.53	0.44	0.26	0.44	0.81	0.25	0.08	APM
CYAD	0.36	0.41		0.08	0.24	0.17	0.08	0.45	0.22	0.17	CYAD
DYAI	-0.58	-0.53	0.08		-0.33	-0.41	-0.64	-0.33	-0.02	0.0	DYAI
ACGN	0.42	0.44	0.24	-0.33		0.11	0.22	0.44	-0.05	-0.14	ACGN
ERYP	0.16	0.26	0.17	-0.41	0.11		0.27	0.4	0.06	0.13	ERYP
SNGX	0.58	0.44	0.08	-0.64	0.22	0.27		0.27	0.24	-0.1	SNGX
ATXI	0.69	0.81	0.45	-0.33	0.44	0.4	0.27		0.17	0.02	ATXI
KRON	0.35	0.25	0.22	-0.02	-0.05	0.06	0.24	0.17		0.55	KRON
CYCN	0.03	0.08	0.17	0.0	-0.14	0.13	-0.1	0.02	0.55		CYCN
	IPHA	APM	CYAD	DYAI	ACGN	ERYP	SNGX	ATXI	KRON	CYCN

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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

APM	+ 0.89	IPHA
ATXI	+ 0.81	APM
ATXI	+ 0.69	IPHA
SNGX	+ 0.58	IPHA
CYCN	+ 0.55	KRON
ATXI	+ 0.45	CYAD

High negative correlations

SNGX	- 0.64	DYAI
DYAI	- 0.58	IPHA
DYAI	- 0.53	APM
ERYP	- 0.41	DYAI
ATXI	- 0.33	DYAI
ACGN	- 0.33	DYAI

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
IPHA	4.02	(0.49)	0.00	(0.27)	0.00	0.00	8.19	(10.68)	34.51
APM	5.47	(1.52)	0.00	(57.09)	0.00	0.00	7.89	(14.12)	47.16
CYAD	13.25	1.96	0.09	(1.26)	16.23	(18.00)	47.50	(21.57)	108.63
DYAI	4.11	0.47	0.08	1.81	4.33	(5.03)	9.00	(8.33)	31.56
ACGN	5.76	(1.08)	0.00	(0.44)	0.00	0.00	7.69	(14.93)	109.57
ERYP	4.72	0.16	0.00	0.04	0.00	0.00	12.68	(8.25)	46.27
SNGX	3.46	0.19	0.00	(0.15)	4.47	(4.19)	8.05	(5.44)	47.05
ATXI	3.17	(0.61)	0.00	(1.84)	0.00	0.00	6.03	(6.67)	24.31
KRON	2.90	0.14	0.00	(1.06)	3.55	(3.32)	5.75	(6.25)	17.56
CYCN	13.34	3.28	0.29	1.03	10.14	(17.54)	18.75	(23.35)	326.74

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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