Valneva SE Correlations

VALN Stock

USD 6.63 0.16 2.36%

The current 90-days correlation between Valneva SE ADR and Sage Therapeutic is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valneva SE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valneva SE ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Valneva SE Correlation With Market

Good diversification

The correlation between Valneva SE ADR and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valneva SE ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Valneva Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valneva SE ADR. 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 Valneva Stock

0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.72	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.79	FNA	Paragon 28	Pair Corr

Moving against Valneva Stock

0.84	ENVB	Enveric Biosciences	Pair Corr
0.79	OCEA	Ocean Biomedical	Pair Corr
0.65	ZURA	Zura Bio Limited	Pair Corr
0.65	ANRO	Alto Neuroscience,	Pair Corr
0.59	ABOS	Acumen Pharmaceuticals	Pair Corr
0.55	HEPA	Hepion Pharmaceuticals	Pair Corr
0.51	APLM	Apollomics Class A	Pair Corr
0.46	GERN	Geron Buyout Trend	Pair Corr
0.42	VKTX	Viking Therapeutics Earnings Call Today	Pair Corr
0.42	IMMX	Immix Biopharma	Pair Corr
0.41	XFOR	X4 Pharmaceuticals	Pair Corr
0.37	ELEV	Elevation Oncology	Pair Corr
0.37	APGE	Apogee Therapeutics,	Pair Corr
0.33	PDSB	PDS Biotechnology Corp	Pair Corr
0.33	ALVO	Alvotech	Pair Corr
0.77	CNC	Centene Corp Earnings Call This Week	Pair Corr
0.7	HUM	Humana Inc	Pair Corr
0.57	GMED	Globus Medical	Pair Corr
0.5	ITGR	Integer Holdings Corp Earnings Call Tomorrow	Pair Corr
0.49	TCRX	Tscan Therapeutics	Pair Corr
0.46	TFX	Teleflex Incorporated Sell-off Trend	Pair Corr
0.42	LIVN	LivaNova PLC Earnings Call This Week	Pair Corr
0.41	RDNT	RadNet Inc	Pair Corr
0.4	NEOG	Neogen Buyout Trend	Pair Corr
0.36	KIDS	Orthopediatrics Corp	Pair Corr
0.32	UNH	UnitedHealth Group	Pair Corr
0.31	SRPT	Sarepta Therapeutics Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ADXS	NCNA	SAGE	SLS	THRD	CGEM	EWTX	RLYB	GLUE	TYRA
ADXS		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ADXS
NCNA	0.0		-0.1	0.12	0.56	0.63	0.55	0.68	0.26	0.76	NCNA
SAGE	0.0	-0.1		-0.08	-0.3	-0.26	0.07	0.03	0.07	-0.2	SAGE
SLS	0.0	0.12	-0.08		0.16	0.37	0.29	0.19	0.47	0.2	SLS
THRD	0.0	0.56	-0.3	0.16		0.63	0.16	0.26	0.04	0.61	THRD
CGEM	0.0	0.63	-0.26	0.37	0.63		0.75	0.79	0.67	0.91	CGEM
EWTX	0.0	0.55	0.07	0.29	0.16	0.75		0.9	0.87	0.81	EWTX
RLYB	0.0	0.68	0.03	0.19	0.26	0.79	0.9		0.71	0.87	RLYB
GLUE	0.0	0.26	0.07	0.47	0.04	0.67	0.87	0.71		0.61	GLUE
TYRA	0.0	0.76	-0.2	0.2	0.61	0.91	0.81	0.87	0.61		TYRA
	ADXS	NCNA	SAGE	SLS	THRD	CGEM	EWTX	RLYB	GLUE	TYRA

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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

TYRA	+ 0.91	CGEM
RLYB	+ 0.9	EWTX
GLUE	+ 0.87	EWTX
TYRA	+ 0.87	RLYB
TYRA	+ 0.81	EWTX
RLYB	+ 0.79	CGEM

High negative correlations

THRD	- 0.3	SAGE
CGEM	- 0.26	SAGE
TYRA	- 0.2	SAGE
SAGE	- 0.1	NCNA
SLS	- 0.08	SAGE
TYRA	- 0.0	ADXS

Risk-Adjusted Indicators

There is a big difference between Valneva Stock performing well and Valneva SE 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 Valneva SE'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
ADXS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NCNA	4.70	(0.04)	0.00	0.20	0.00	0.00	10.42	(7.21)	60.95
SAGE	1.91	0.00	0.08	(0.20)	2.61	(1.83)	3.90	(4.05)	11.71
SLS	4.33	0.83	0.16	0.78	4.56	(5.97)	12.04	(8.64)	56.63
THRD	3.19	0.06	0.00	(0.04)	0.00	0.00	5.65	(5.31)	40.45
CGEM	2.34	(0.21)	0.00	(0.55)	0.00	0.00	4.73	(4.73)	14.08
EWTX	3.55	(0.75)	0.00	(0.77)	0.00	0.00	5.60	(8.50)	31.92
RLYB	4.30	(1.94)	0.00	0.94	0.00	0.00	8.20	(9.46)	54.54
GLUE	3.44	(0.30)	0.00	(0.69)	0.00	0.00	6.50	(7.69)	26.52
TYRA	2.89	(0.86)	0.00	3.02	0.00	0.00	7.08	(6.24)	16.85

Valneva SE Corporate Management

Vincent Dequenne	Chief Officer	Profile
Frederic Jacotot	General IP	Profile
JuanCarlos MD	Chief Officer	Profile
Gerald Strohmaier	VP Resource	Profile
Peter Buhler	Chief Officer	Profile
Christian Taucher	Head Affairs	Profile

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