Inventiva Correlations

IVA Stock

USD 3.09 0.04 1.28%

The correlation of Inventiva 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.

Inventiva Correlation With Market

Good diversification

The correlation between Inventiva Sa and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inventiva Sa and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Inventiva Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventiva Sa. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Inventiva Stock

0.7	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.62	MCK	McKesson	Pair Corr

Moving against Inventiva Stock

0.75	XWEL	XWELL Inc	Pair Corr
0.66	DYAI	Dyadic International	Pair Corr
0.65	IMRX	Immuneering Corp	Pair Corr
0.62	ABOS	Acumen Pharmaceuticals	Pair Corr
0.57	CNTA	Centessa Pharmaceuticals	Pair Corr
0.52	SNDL	SNDL Inc	Pair Corr
0.51	GLUE	Monte Rosa Therapeutics	Pair Corr
0.51	GNLX	Genelux Common	Pair Corr
0.51	IKNA	Ikena Oncology	Pair Corr
0.51	CMPX	Compass Therapeutics	Pair Corr
0.5	DAWN	Day One Biopharmaceu	Pair Corr
0.49	CDXS	Codexis	Pair Corr
0.48	NAMS	NewAmsterdam Pharma	Pair Corr
0.35	CGEM	Cullinan Oncology LLC	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.57	PG	Procter Gamble	Pair Corr
0.57	DD	Dupont De Nemours	Pair Corr
0.54	JNJ	Johnson Johnson	Pair Corr
0.47	SSY	SunLink Health Systems	Pair Corr
0.42	XOM	Exxon Mobil Corp	Pair Corr
0.39	STRM	Streamline Health	Pair Corr

Related Correlations Analysis

	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX
MLYS		0.0	0.26	-0.48	-0.39	-0.29	0.19	-0.28	-0.59	0.06	MLYS
ELYM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYM
ANEB	0.26	0.0		0.41	0.01	0.74	0.73	0.65	0.37	0.7	ANEB
JANX	-0.48	0.0	0.41		0.42	0.75	0.26	0.78	0.63	0.57	JANX
RZLT	-0.39	0.0	0.01	0.42		0.32	0.17	0.49	0.66	0.11	RZLT
GLUE	-0.29	0.0	0.74	0.75	0.32		0.72	0.89	0.75	0.77	GLUE
NAMS	0.19	0.0	0.73	0.26	0.17	0.72		0.59	0.49	0.76	NAMS
CGEM	-0.28	0.0	0.65	0.78	0.49	0.89	0.59		0.72	0.65	CGEM
CMPX	-0.59	0.0	0.37	0.63	0.66	0.75	0.49	0.72		0.49	CMPX
ACLX	0.06	0.0	0.7	0.57	0.11	0.77	0.76	0.65	0.49		ACLX
	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX

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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

CGEM	+ 0.89	GLUE
CGEM	+ 0.78	JANX
ACLX	+ 0.77	GLUE
ACLX	+ 0.76	NAMS
GLUE	+ 0.75	JANX
CMPX	+ 0.75	GLUE

High negative correlations

CMPX	- 0.59	MLYS
JANX	- 0.48	MLYS
RZLT	- 0.39	MLYS
GLUE	- 0.29	MLYS
CGEM	- 0.28	MLYS
ACLX	- 0.0	ELYM

Risk-Adjusted Indicators

There is a big difference between Inventiva Stock performing well and Inventiva 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 Inventiva'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
MLYS	4.45	1.06	0.24	(10.22)	4.44	(5.36)	9.93	(8.23)	55.05
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANEB	4.54	(0.14)	0.00	(1.00)	0.00	0.00	13.46	(8.77)	42.79
JANX	3.26	(0.38)	0.00	(0.36)	0.00	0.00	6.01	(7.22)	27.05
RZLT	3.76	(0.05)	0.00	(0.14)	0.00	0.00	6.70	(7.66)	36.39
GLUE	4.01	(0.64)	0.00	2.58	0.00	0.00	7.85	(9.02)	26.52
NAMS	2.76	(0.02)	0.02	0.01	3.98	(2.85)	6.09	(6.05)	22.40
CGEM	2.69	(0.24)	0.00	2.18	0.00	0.00	4.81	(5.77)	12.85
CMPX	4.18	(0.47)	0.00	(0.68)	0.00	0.00	10.06	(9.14)	42.45
ACLX	3.04	0.16	0.03	0.04	4.50	(3.00)	6.38	(6.17)	29.09

Inventiva Corporate Management

Jean Volatier	Chief Officer	Profile
Eric LLM	General Counsel	Profile
Pascaline Clerc	Executive Affairs	Profile
Alice PharmD	Chief Officer	Profile
Frederic Cren	CEO CoFounder	Profile
JeanPaul MD	Head Pharmacovigilance	Profile
Michael Cooreman	Chief Officer	Profile

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