VBI Vaccines Correlations

Summary

The current 90-days correlation between VBI Vaccines and Tonix Pharmaceuticals Holding is -0.13 (i.e., Good diversification). The correlation of VBI Vaccines 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.

VBI Vaccines Correlation With Market

Very good diversification

The correlation between VBI Vaccines and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VBI Vaccines and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map 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 gross domestic product.

Moving together with VBI Stock

0.61	KB	KB Financial Group	Pair Corr
0.72	SHG	Shinhan Financial	Pair Corr
0.69	WF	Woori Financial Group	Pair Corr

Moving against VBI Stock

0.76	THCPU	Thunder Bridge Capital	Pair Corr
0.64	MMV	MultiMetaVerse Holdings Buyout Trend	Pair Corr
0.54	OPTX	Syntec Optics Holdings Trending	Pair Corr
0.48	OBYCF	Obayashi	Pair Corr
0.48	XMTR	Xometry	Pair Corr
0.45	CNOBP	ConnectOne Bancorp	Pair Corr
0.4	PWOD	Penns Woods Bancorp	Pair Corr
0.36	RELY	Remitly Global	Pair Corr
0.34	HUT	Hut 8 Corp	Pair Corr
0.32	HPAI	Helport AI Limited Tech Boost	Pair Corr
0.84	NETDU	Nabors Energy Transition	Pair Corr
0.61	DMRC	Digimarc	Pair Corr
0.59	AS	Amer Sports,	Pair Corr
0.59	NBIX	Neurocrine Biosciences	Pair Corr
0.57	EVGR	Evergreen Corp	Pair Corr
0.53	YPF	YPF Sociedad Anonima	Pair Corr
0.53	YELP	Yelp Inc	Pair Corr
0.48	KITTW	Nauticus Robotics	Pair Corr
0.47	PETS	PetMed Express	Pair Corr
0.41	FNMFO	Federal National Mortgage	Pair Corr

Related Correlations Analysis

	TNXP	ONTX	JAGX	VXRT	ALLO	ANIX	AKRO	ARDX	IBIO
TNXP		-0.2	-0.46	-0.51	-0.66	-0.57	-0.16	-0.46	0.0	TNXP
ONTX	-0.2		0.36	0.12	0.14	-0.02	0.0	0.17	0.4	ONTX
JAGX	-0.46	0.36		0.73	0.43	0.08	-0.36	0.72	0.09	JAGX
VXRT	-0.51	0.12	0.73		0.7	0.39	-0.27	0.72	-0.07	VXRT
ALLO	-0.66	0.14	0.43	0.7		0.56	0.25	0.49	0.08	ALLO
ANIX	-0.57	-0.02	0.08	0.39	0.56		0.42	0.4	0.14	ANIX
AKRO	-0.16	0.0	-0.36	-0.27	0.25	0.42		-0.16	0.4	AKRO
ARDX	-0.46	0.17	0.72	0.72	0.49	0.4	-0.16		-0.03	ARDX
IBIO	0.0	0.4	0.09	-0.07	0.08	0.14	0.4	-0.03		IBIO
	TNXP	ONTX	JAGX	VXRT	ALLO	ANIX	AKRO	ARDX	IBIO

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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

VXRT	+ 0.73	JAGX
ARDX	+ 0.72	JAGX
ARDX	+ 0.72	VXRT
ALLO	+ 0.7	VXRT
ANIX	+ 0.56	ALLO
ARDX	+ 0.49	ALLO

High negative correlations

ALLO	- 0.66	TNXP
ANIX	- 0.57	TNXP
VXRT	- 0.51	TNXP
ARDX	- 0.46	TNXP
JAGX	- 0.46	TNXP
AKRO	- 0.36	JAGX

Risk-Adjusted Indicators

There is a big difference between VBI Stock performing well and VBI Vaccines 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 VBI Vaccines' 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
TNXP	9.04	2.77	0.18	34.03	8.82	(16.35)	18.75	(11.76)	158.57
ONTX	4.73	0.84	0.17	(20.24)	4.35	(5.89)	7.69	(8.33)	66.73
JAGX	3.93	0.03	0.01	0.05	5.37	(4.87)	8.13	(8.51)	52.73
VXRT	3.01	(0.51)	0.00	(13.41)	0.00	0.00	5.17	(7.94)	19.00
ALLO	4.07	(0.56)	0.00	(2.17)	0.00	0.00	8.99	(8.09)	19.85
ANIX	2.67	(0.40)	0.00	(0.35)	0.00	0.00	4.93	(6.80)	31.27
AKRO	2.61	0.01	0.01	0.03	3.06	(2.76)	5.23	(5.28)	13.97
ARDX	3.11	(0.38)	0.00	(0.18)	0.00	0.00	5.02	(7.87)	33.99
IBIO	3.94	0.40	0.09	2.58	4.03	(4.90)	8.08	(7.33)	30.48

View VBI Vaccines Related Equities

Tonix Pharmaceuticals Holding Onconova Therapeutics Jaguar Animal Health Vaxart Inc Allogene Therapeutics Anixa Biosciences Akero Therapeutics Ardelyx Ibio Inc GeoVax Labs Ocugen Inc Aurinia Pharmaceuticals Gritstone Oncology BridgeBio Pharma Annovis Bio

Risk & Return

Correlation

VBI Vaccines Corporate Management

FRCPC MD	Chief Officer	Profile
FCMA FCMA	CEO Pres	Profile
Nicole Anderson	Director Relations	Profile
Avi Mazaltov	Global SciVac	Profile
Misha Nossov	Senior Europe	Profile

Still Interested in VBI Vaccines?

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