Sellas Life Correlations

SLS Stock

USD 1.95 0.08 3.94%

The current 90-days correlation between Sellas Life Sciences and Immuneering Corp is -0.02 (i.e., Good diversification). The correlation of Sellas Life 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.

Sellas Life Correlation With Market

Weak diversification

The correlation between Sellas Life Sciences and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sellas Life Sciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sellas Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sellas Life Sciences. 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 economic analysis.

Moving together with Sellas Stock

0.84	GRAL	GRAIL, LLC	Pair Corr
0.68	KMDA	Kamada	Pair Corr
0.64	LFCR	Lifecore Biomedical	Pair Corr
0.63	PAHC	Phibro Animal Health	Pair Corr
0.72	RNXT	RenovoRx	Pair Corr
0.67	ABVC	ABVC Biopharma	Pair Corr
0.82	RZLT	Rezolute	Pair Corr
0.78	ASMB	Assembly Biosciences	Pair Corr

Moving against Sellas Stock

0.75	BMY	Bristol Myers Squibb	Pair Corr
0.71	IRWD	Ironwood Pharmaceuticals	Pair Corr
0.62	INDP	Indaptus Therapeutics Trending	Pair Corr
0.55	KTTA	Pasithea Therapeutics	Pair Corr
0.45	MRK	Merck Company	Pair Corr
0.45	LGVN	Longeveron LLC	Pair Corr
0.37	VRAX	Virax Biolabs Group	Pair Corr
0.85	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.74	BFRI	Biofrontera	Pair Corr
0.6	SNDL	SNDL Inc	Pair Corr
0.49	REVB	Revelation Biosciences	Pair Corr
0.47	AMGN	Amgen Inc	Pair Corr
0.43	SCYX	Scynexis	Pair Corr
0.42	ANIP	ANI Pharmaceuticals	Pair Corr
0.39	ORGO	Organogenesis Holdings	Pair Corr
0.71	HUM	Humana Inc	Pair Corr
0.52	TPST	Tempest Therapeutics	Pair Corr

Related Correlations Analysis

	MLYS	ANTX	PHVS	PEPG	PMVP	CGEM	ELVN	IMRX
MLYS		-0.11	0.53	0.57	-0.12	0.42	0.2	0.04	MLYS
ANTX	-0.11		-0.48	-0.02	0.2	-0.31	-0.21	-0.53	ANTX
PHVS	0.53	-0.48		0.6	0.16	0.43	0.57	0.39	PHVS
PEPG	0.57	-0.02	0.6		0.16	0.49	0.24	0.0	PEPG
PMVP	-0.12	0.2	0.16	0.16		0.32	0.52	0.5	PMVP
CGEM	0.42	-0.31	0.43	0.49	0.32		0.46	0.26	CGEM
ELVN	0.2	-0.21	0.57	0.24	0.52	0.46		0.58	ELVN
IMRX	0.04	-0.53	0.39	0.0	0.5	0.26	0.58		IMRX
	MLYS	ANTX	PHVS	PEPG	PMVP	CGEM	ELVN	IMRX

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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

PEPG	+ 0.6	PHVS
IMRX	+ 0.58	ELVN
PEPG	+ 0.57	MLYS
ELVN	+ 0.57	PHVS
PHVS	+ 0.53	MLYS
ELVN	+ 0.52	PMVP

High negative correlations

IMRX	- 0.53	ANTX
PHVS	- 0.48	ANTX
CGEM	- 0.31	ANTX
ELVN	- 0.21	ANTX
PMVP	- 0.12	MLYS
ANTX	- 0.11	MLYS

Risk-Adjusted Indicators

There is a big difference between Sellas Stock performing well and Sellas Life 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 Sellas Life'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	3.05	(0.29)	0.00	(0.18)	0.00	0.00	5.76	(7.12)	21.17
ANTX	2.56	(0.48)	0.00	(0.52)	0.00	0.00	5.60	(6.78)	20.22
PHVS	3.15	0.21	0.05	0.34	3.93	(3.40)	7.45	(5.91)	20.27
PEPG	5.69	(0.23)	0.00	(0.11)	0.00	0.00	13.00	(10.42)	34.80
PMVP	2.87	(0.13)	0.00	(0.28)	0.00	0.00	9.20	(6.25)	18.30
CGEM	2.62	(0.10)	0.00	(0.07)	0.00	0.00	4.81	(5.61)	16.72
ELVN	4.11	0.04	0.01	0.09	4.77	(4.61)	10.73	(9.63)	23.84
IMRX	5.99	1.48	0.20	1.47	6.24	(7.26)	11.63	(7.56)	59.78

Sellas Life Corporate Management

Barbara Esq	General VP	Profile
Stacy Yeung	Associate VP	Profile
Jrg Breitkopf	Head Operations	Profile
ScD MD	President, Founder	Profile
Barbara Wood	Gen VP	Profile
Andrew Elnatan	Chemistry, Affairs	Profile
Robert Francomano	Senior Officer	Profile

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