180 Life Correlations
| ATNF Stock | USD 2.19 0.02 0.92% |
The current 90-days correlation between 180 Life Sciences and Phio Pharmaceuticals Corp is 0.41 (i.e., Very weak diversification). The correlation of 180 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.
180 Life Correlation With Market
Average diversification
The correlation between 180 Life Sciences and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 180 Life Sciences and DJI in the same portfolio, assuming nothing else is changed.
180 |
Moving against 180 Stock
| 0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.34 | AKAN | Akanda Corp | PairCorr |
| 0.46 | TELO | Telomir Pharmaceuticals, | 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between 180 Stock performing well and 180 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 180 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZURA | 3.96 | (0.53) | 0.00 | (0.11) | 0.00 | 7.95 | 26.70 | |||
| PHIO | 4.76 | 0.11 | 0.02 | 0.25 | 5.70 | 11.78 | 36.22 | |||
| SONN | 5.20 | (1.55) | 0.00 | 2.68 | 0.00 | 13.38 | 37.58 | |||
| CDIO | 8.78 | 2.44 | 0.32 | 1.54 | 5.76 | 38.46 | 57.04 | |||
| CYTO | 4.13 | (0.91) | 0.00 | (7.50) | 0.00 | 7.50 | 22.81 | |||
| IMMX | 4.69 | 0.23 | 0.05 | 0.34 | 5.00 | 11.44 | 32.68 | |||
| ENVB | 3.37 | (0.40) | 0.00 | 1.90 | 0.00 | 8.00 | 28.33 | |||
| PALI | 4.16 | (1.19) | 0.00 | 6.19 | 0.00 | 5.97 | 34.14 | |||
| CNSP | 4.67 | (0.21) | 0.00 | (0.21) | 0.00 | 10.00 | 39.29 | |||
| EFTR | 7.57 | (4.40) | 0.00 | 3.06 | 0.00 | 8.70 | 88.91 |
180 Life Corporate Executives
Elected by the shareholders, the 180 Life's board of directors comprises two types of representatives: 180 Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 180. The board's role is to monitor 180 Life's management team and ensure that shareholders' interests are well served. 180 Life's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, 180 Life's outside directors are responsible for providing unbiased perspectives on the board's policies.