Angion Biomedica Correlations

ANGNDelisted Stock  USD 10.00  8.94  843.40%   
The current 90-days correlation between Angion Biomedica Corp and Apollomics Class A is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Angion Biomedica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Angion Biomedica Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Angion Biomedica Correlation With Market

Average diversification

The correlation between Angion Biomedica Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angion Biomedica Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Angion Stock

  0.76KB KB Financial GroupPairCorr
  0.68BMA Banco Macro SAPairCorr
  0.8PLTR Palantir Technologies Aggressive PushPairCorr
  0.78DIS Walt Disney Aggressive PushPairCorr
  0.81CVX Chevron Corp Sell-off TrendPairCorr
  0.78TRV The Travelers Companies Fiscal Year End 17th of January 2025 PairCorr
  0.67HPQ HP IncPairCorr
  0.76AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.61T ATT Inc Aggressive PushPairCorr
  0.9JPM JPMorgan Chase Sell-off TrendPairCorr
  0.89BAC Bank of America Aggressive PushPairCorr

Moving against Angion Stock

  0.81REGN Regeneron PharmaceuticalsPairCorr
  0.73NVO Novo Nordisk ASPairCorr
  0.72NONOF Novo Nordisk ASPairCorr
  0.71AULT Ault Alliance Symbol ChangePairCorr
  0.7CSLLY CSLPairCorr
  0.68CMXHF CSL LimitedPairCorr
  0.68QSAM Qsam BiosciencesPairCorr
  0.65VLCN Volcon IncPairCorr
  0.43AKO-B Embotelladora AndinaPairCorr
  0.79MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.75PFE Pfizer Inc Aggressive PushPairCorr
  0.39MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.39BA Boeing Fiscal Year End 29th of January 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
CYTONAVB
CYTOONCR
SGTXLABP
NAVBEFTR
CYTOEFTR
ZURAPYXS
  
High negative correlations   
SGTXONCR
CYTOLABP
ONCRLABP
NAVBLABP
ZURASGTX
CYTOSGTX

Risk-Adjusted Indicators

There is a big difference between Angion Stock performing well and Angion Biomedica 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 Angion Biomedica'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EFTR  7.57 (4.57) 0.00 (470.75) 0.00 
 8.70 
 88.91 
LABP  3.55  0.43  0.09  0.58  3.81 
 8.58 
 19.47 
APGN  5.12  0.10  0.00 (1.01) 5.50 
 7.89 
 58.79 
NAVB  6.04 (1.01) 0.00  1.31  0.00 
 12.50 
 40.40 
ONCR  8.13 (2.39) 0.00 (0.97) 0.00 
 10.00 
 120.67 
APLM  6.40  0.07  0.00  0.01  0.00 
 8.40 
 134.75 
SGTX  14.93  4.84  0.72  0.55  6.43 
 12.46 
 442.39 
PYXS  3.89 (0.76) 0.00 (10.48) 0.00 
 6.41 
 61.13 
ZURA  3.79 (0.66) 0.00 (0.19) 0.00 
 7.95 
 26.70 
CYTO  3.53 (1.15) 0.00 (8.98) 0.00 
 6.98 
 22.81 

View Angion Biomedica Related Equities

 Risk & Return  Correlation

Angion Biomedica Corporate Management

Still Interested in Angion Biomedica Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.