Evaxion Biotech Correlations

EVAX Stock

USD 1.17 0.02 1.68%

The current 90-days correlation between Evaxion Biotech AS and Virax Biolabs Group is 0.11 (i.e., Average diversification). The correlation of Evaxion Biotech 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.

Evaxion Biotech Correlation With Market

Average diversification

The correlation between Evaxion Biotech AS and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaxion Biotech AS and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaxion Biotech AS. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Evaxion Stock

0.94	VALN	Valneva SE ADR	Pair Corr
0.9	ERNA	Eterna Therapeutics	Pair Corr
0.89	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.81	LLY	Eli Lilly	Pair Corr
0.78	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.92	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.62	INBX	Inhibrx Symbol Change	Pair Corr
0.77	SXTPW	60 Degrees Pharmaceu	Pair Corr
0.91	MRVI	Maravai Lifesciences	Pair Corr
0.88	REGN	Regeneron Pharmaceuticals	Pair Corr
0.8	ABBV	AbbVie Inc	Pair Corr
0.76	AKAN	Akanda Corp	Pair Corr
0.94	AMGN	Amgen Inc	Pair Corr
0.69	ANRO	Alto Neuroscience,	Pair Corr
0.75	APGE	Apogee Therapeutics,	Pair Corr
0.73	ARDX	Ardelyx	Pair Corr
0.75	AVDL	Avadel Pharmaceuticals	Pair Corr
0.62	SMMT	Summit Therapeutics PLC	Pair Corr

Moving against Evaxion Stock

0.87	BMY	Bristol Myers Squibb	Pair Corr
0.82	ESPR	Esperion Therapeutics	Pair Corr
0.72	DYAI	Dyadic International	Pair Corr
0.71	GILD	Gilead Sciences	Pair Corr
0.41	DNA	Ginkgo Bioworks Holdings	Pair Corr
0.71	MNMD	Mind Medicine	Pair Corr
0.59	ABCL	Abcellera Biologics	Pair Corr
0.85	TARS	Tarsus Pharmaceuticals	Pair Corr

Related Correlations Analysis

	SGTX	RVPH	ZVSA	KRBP	UNCY	QNRX	ALLR	VRAX	BDRX	LYEL
SGTX		0.43	-0.7	-0.41	0.74	0.04	-0.36	-0.15	-0.3	-0.53	SGTX
RVPH	0.43		-0.28	-0.17	0.51	0.19	-0.17	-0.22	-0.16	-0.33	RVPH
ZVSA	-0.7	-0.28		0.71	-0.81	-0.24	0.65	0.29	0.66	0.65	ZVSA
KRBP	-0.41	-0.17	0.71		-0.62	-0.56	0.6	0.09	0.5	0.72	KRBP
UNCY	0.74	0.51	-0.81	-0.62		0.45	-0.58	-0.23	-0.43	-0.62	UNCY
QNRX	0.04	0.19	-0.24	-0.56	0.45		-0.25	0.02	-0.11	-0.47	QNRX
ALLR	-0.36	-0.17	0.65	0.6	-0.58	-0.25		0.67	0.88	0.59	ALLR
VRAX	-0.15	-0.22	0.29	0.09	-0.23	0.02	0.67		0.68	0.27	VRAX
BDRX	-0.3	-0.16	0.66	0.5	-0.43	-0.11	0.88	0.68		0.52	BDRX
LYEL	-0.53	-0.33	0.65	0.72	-0.62	-0.47	0.59	0.27	0.52		LYEL
	SGTX	RVPH	ZVSA	KRBP	UNCY	QNRX	ALLR	VRAX	BDRX	LYEL

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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

BDRX	+ 0.88	ALLR
UNCY	+ 0.74	SGTX
LYEL	+ 0.72	KRBP
KRBP	+ 0.71	ZVSA
BDRX	+ 0.68	VRAX
VRAX	+ 0.67	ALLR

High negative correlations

UNCY	- 0.81	ZVSA
ZVSA	- 0.7	SGTX
LYEL	- 0.62	UNCY
UNCY	- 0.62	KRBP
ALLR	- 0.58	UNCY
QNRX	- 0.56	KRBP

Risk-Adjusted Indicators

There is a big difference between Evaxion Stock performing well and Evaxion Biotech 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 Evaxion Biotech'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
SGTX	14.93	6.61	0.72	(1.28)	6.43	(22.18)	12.46	(14.07)	442.39
RVPH	6.08	1.66	0.22	(0.83)	5.36	(7.65)	15.38	(9.86)	40.06
ZVSA	3.83	(1.36)	0.00	(0.25)	0.00	0.00	7.55	(7.89)	78.93
KRBP	6.00	(0.23)	0.00	(0.30)	0.00	0.00	12.04	(10.96)	65.24
UNCY	4.32	0.95	0.17	0.85	4.12	(5.84)	10.26	(7.41)	29.22
QNRX	5.52	0.47	0.08	0.71	5.13	(8.47)	9.21	(8.62)	74.46
ALLR	4.18	(1.83)	0.00	(2.07)	0.00	0.00	5.80	(11.54)	41.48
VRAX	5.33	(0.34)	0.00	0.29	0.00	0.00	9.65	(11.28)	61.28
BDRX	6.70	(0.93)	0.00	(0.30)	0.00	0.00	13.30	(19.70)	97.78
LYEL	5.00	(0.79)	0.00	(0.10)	0.00	0.00	13.39	(10.59)	36.92

Evaxion Biotech Corporate Management

DMSC MD	Chief Officer	Profile
Christian MSc	Chief Officer	Profile
Jrgen EMBA	Head Board	Profile
Bo Karmark	Chief Officer	Profile
Jesper Nissen	Chief Officer	Profile
Thomas Schmidt	Interim Officer	Profile

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