Portage Biotech Correlations

PRTG Stock

USD 3.98 0.06 1.49%

The current 90-days correlation between Portage Biotech and Amylyx Pharmaceuticals is -0.11 (i.e., Good diversification). The correlation of Portage 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.

Portage Biotech Correlation With Market

Good diversification

The correlation between Portage Biotech and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Portage Biotech and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Portage Biotech. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more detail on how to invest in Portage Stock please use our How to Invest in Portage Biotech guide.

Moving against Portage Stock

0.44	VANI	Vivani Medical	Pair Corr
0.43	VCEL	Vericel Corp Ord	Pair Corr
0.41	VCNX	Vaccinex Trending	Pair Corr
0.36	VERV	Verve Therapeutics Trending	Pair Corr
0.33	SABSW	SAB Biotherapeutics	Pair Corr
0.62	VNDA	Vanda Pharmaceuticals	Pair Corr
0.46	VTVT	vTv Therapeutics	Pair Corr
0.39	DVAX	Dynavax Technologies	Pair Corr
0.39	VRAX	Virax Biolabs Group	Pair Corr
0.37	VTRS	Viatris	Pair Corr
0.32	DYAI	Dyadic International	Pair Corr

Related Correlations Analysis

	AMLX	KRTX	BPMC	ARVN	AVTE	ELYM	ANEB	CUE	DBTX	KROS
AMLX		0.28	0.49	0.39	0.91	-0.85	-0.58	0.82	0.23	0.62	AMLX
KRTX	0.28		-0.35	0.4	0.08	-0.19	0.2	0.49	0.81	0.51	KRTX
BPMC	0.49	-0.35		0.08	0.64	-0.47	-0.45	0.2	-0.37	0.24	BPMC
ARVN	0.39	0.4	0.08		0.21	-0.18	0.06	0.57	0.4	0.54	ARVN
AVTE	0.91	0.08	0.64	0.21		-0.88	-0.69	0.66	0.03	0.48	AVTE
ELYM	-0.85	-0.19	-0.47	-0.18	-0.88		0.72	-0.75	-0.23	-0.46	ELYM
ANEB	-0.58	0.2	-0.45	0.06	-0.69	0.72		-0.41	0.18	-0.15	ANEB
CUE	0.82	0.49	0.2	0.57	0.66	-0.75	-0.41		0.51	0.68	CUE
DBTX	0.23	0.81	-0.37	0.4	0.03	-0.23	0.18	0.51		0.63	DBTX
KROS	0.62	0.51	0.24	0.54	0.48	-0.46	-0.15	0.68	0.63		KROS
	AMLX	KRTX	BPMC	ARVN	AVTE	ELYM	ANEB	CUE	DBTX	KROS

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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

AVTE	+ 0.91	AMLX
CUE	+ 0.82	AMLX
DBTX	+ 0.81	KRTX
ANEB	+ 0.72	ELYM
KROS	+ 0.68	CUE
CUE	+ 0.66	AVTE

High negative correlations

ELYM	- 0.88	AVTE
ELYM	- 0.85	AMLX
CUE	- 0.75	ELYM
ANEB	- 0.69	AVTE
ANEB	- 0.58	AMLX
ELYM	- 0.47	BPMC

Risk-Adjusted Indicators

There is a big difference between Portage Stock performing well and Portage 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 Portage 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
AMLX	4.41	1.36	0.28	1.25	4.16	(5.09)	10.06	(6.13)	33.56
KRTX	1.44	0.09	(0.03)	(0.11)	1.67	(1.46)	3.38	(2.71)	10.01
BPMC	1.81	(0.09)	(0.02)	0.03	2.59	(1.71)	4.90	(3.62)	14.28
ARVN	2.72	(0.29)	0.00	(0.03)	0.00	0.00	4.85	(5.95)	17.13
AVTE	2.39	0.42	0.16	0.54	2.09	(3.24)	5.58	(3.86)	19.11
ELYM	3.90	(0.70)	0.00	0.60	0.00	0.00	6.21	(9.35)	34.87
ANEB	4.90	(0.11)	(0.01)	0.02	7.16	(5.82)	8.61	(11.48)	76.00
CUE	7.69	1.18	0.18	1.26	5.86	(12.31)	20.27	(11.51)	67.78
DBTX	3.74	0.33	0.06	0.73	4.12	(4.38)	7.85	(7.45)	26.09
KROS	2.27	0.38	0.16	0.39	2.19	(2.57)	5.38	(4.31)	16.94

Portage Biotech Corporate Management

MD MBA	CEO Board	Profile
Allan CPA	Chief Officer	Profile
Adam Melero	Controller	Profile
EunJae CPA	Chief Officer	Profile
Robert Kramer	Chief Officer	Profile
Brian Wiley	Chief Officer	Profile
Andrea Park	Chief Officer	Profile

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