China Pharma Correlations

CPHI Stock

USD 0.20 0.01 5.26%

The current 90-days correlation between China Pharma Holdings and Bio Path Holdings is 0.08 (i.e., Significant diversification). The correlation of China Pharma 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.

China Pharma Correlation With Market

Good diversification

The correlation between China Pharma Holdings and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China Pharma Holdings 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 China Pharma Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with China Stock

0.62

VRDN

Viridian Therapeutics

Pair Corr

Moving against China Stock

0.56	FBRX	Forte Biosciences Trending	Pair Corr
0.51	VCNX	Vaccinex	Pair Corr
0.48	KRYS	Krystal Biotech	Pair Corr
0.39	NRSNW	NeuroSense Therapeutics	Pair Corr
0.36	ERAS	Erasca Inc	Pair Corr
0.68	NUVB	Nuvation Bio	Pair Corr
0.51	APLS	Apellis Pharmaceuticals	Pair Corr
0.44	RNXT	RenovoRx	Pair Corr
0.43	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.37	ROIV	Roivant Sciences	Pair Corr

Related Correlations Analysis

	CAPR	SLNO	BPTH	MBRX	CRNX	ASMB	TIL	CTMX	ACHL
CAPR		0.67	-0.04	0.26	0.65	-0.16	-0.07	-0.67	0.86	CAPR
SLNO	0.67		-0.1	0.1	0.77	0.31	-0.04	-0.62	0.57	SLNO
BPTH	-0.04	-0.1		-0.33	0.03	0.33	-0.07	0.43	-0.3	BPTH
MBRX	0.26	0.1	-0.33		0.13	-0.37	0.02	-0.41	0.39	MBRX
CRNX	0.65	0.77	0.03	0.13		0.27	-0.29	-0.54	0.48	CRNX
ASMB	-0.16	0.31	0.33	-0.37	0.27		0.15	0.24	-0.24	ASMB
TIL	-0.07	-0.04	-0.07	0.02	-0.29	0.15		0.31	0.15	TIL
CTMX	-0.67	-0.62	0.43	-0.41	-0.54	0.24	0.31		-0.67	CTMX
ACHL	0.86	0.57	-0.3	0.39	0.48	-0.24	0.15	-0.67		ACHL
	CAPR	SLNO	BPTH	MBRX	CRNX	ASMB	TIL	CTMX	ACHL

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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

ACHL	+ 0.86	CAPR
CRNX	+ 0.77	SLNO
SLNO	+ 0.67	CAPR
CRNX	+ 0.65	CAPR
ACHL	+ 0.57	SLNO
ACHL	+ 0.48	CRNX

High negative correlations

ACHL	- 0.67	CTMX
CTMX	- 0.67	CAPR
CTMX	- 0.62	SLNO
CTMX	- 0.54	CRNX
CTMX	- 0.41	MBRX
ASMB	- 0.37	MBRX

Risk-Adjusted Indicators

There is a big difference between China Stock performing well and China Pharma 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 China Pharma'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
CAPR	6.80	2.66	0.50	16.70	4.10	(9.27)	18.22	(7.37)	69.31
SLNO	2.19	0.26	0.11	0.35	2.18	(2.51)	6.31	(4.03)	13.33
BPTH	4.04	(0.41)	0.00	5.61	0.00	0.00	6.67	(8.08)	51.22
MBRX	3.83	0.35	0.04	(0.62)	4.30	(4.66)	9.75	(7.01)	35.41
CRNX	1.71	(0.01)	(0.01)	0.11	2.43	(1.63)	3.67	(3.45)	16.75
ASMB	2.91	0.05	0.00	0.25	4.40	(2.86)	8.49	(5.34)	24.80
TIL	9.31	1.37	0.24	0.39	6.84	(12.68)	20.63	(10.89)	105.83
CTMX	2.68	(0.45)	0.00	(0.24)	0.00	0.00	5.36	(5.22)	20.61
ACHL	2.03	0.47	0.20	0.45	1.55	(3.12)	3.06	(2.88)	38.16

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