VBI Vaccines Correlations

VBIVQ Stock

0.0005 0.0001 16.67%

The current 90-days correlation between VBI Vaccines and Kura Sushi USA is -0.24 (i.e., Very 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

Significant diversification

The correlation between VBI Vaccines and DJI is 0.02 (i.e., Significant 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, which includes a position in VBI Vaccines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in VBI Stock, please use our How to Invest in VBI Vaccines guide.

Moving together with VBI Stock

0.8	FNCH	Finch Therapeutics	Pair Corr
0.61	HURA	TuHURA Biosciences Symbol Change	Pair Corr
0.73	NAVB	Navidea Biopharmaceutica	Pair Corr
0.7	NWBO	Northwest Biotherapeutics	Pair Corr

Moving against VBI Stock

0.54	EPRX	Eupraxia Pharmaceuticals	Pair Corr
0.44	FRTX	Fresh Tracks Therapeutics	Pair Corr
0.4	FBIOP	Fortress Biotech Pref	Pair Corr
0.33	UPB	Upstream Bio,	Pair Corr

Related Correlations Analysis

	KRUS	AWLCF	RIG	WEST	PTEN	CNNE	DPZ
KRUS		-0.52	-0.17	0.75	0.02	0.74	0.63	KRUS
AWLCF	-0.52		0.42	-0.44	-0.01	-0.73	-0.69	AWLCF
RIG	-0.17	0.42		0.15	0.69	-0.01	0.02	RIG
WEST	0.75	-0.44	0.15		0.32	0.82	0.79	WEST
PTEN	0.02	-0.01	0.69	0.32		0.27	0.25	PTEN
CNNE	0.74	-0.73	-0.01	0.82	0.27		0.86	CNNE
DPZ	0.63	-0.69	0.02	0.79	0.25	0.86		DPZ
	KRUS	AWLCF	RIG	WEST	PTEN	CNNE	DPZ

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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

DPZ	+ 0.86	CNNE
CNNE	+ 0.82	WEST
DPZ	+ 0.79	WEST
WEST	+ 0.75	KRUS
CNNE	+ 0.74	KRUS
PTEN	+ 0.69	RIG

High negative correlations

CNNE	- 0.73	AWLCF
DPZ	- 0.69	AWLCF
AWLCF	- 0.52	KRUS
WEST	- 0.44	AWLCF
RIG	- 0.17	KRUS
CNNE	- 0.01	RIG

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
KRUS	2.65	0.09	0.04	0.07	3.34	(2.74)	6.67	(5.32)	15.74
AWLCF	0.08	(0.05)	0.00	(0.87)	0.00	0.00	0.00	0.00	2.54
RIG	2.32	(0.38)	0.00	(0.47)	0.00	0.00	4.94	(5.25)	14.43
WEST	2.80	(0.12)	0.00	(0.02)	0.00	0.00	6.50	(5.93)	18.80
PTEN	2.17	(0.17)	0.00	(0.07)	0.00	0.00	3.86	(4.41)	18.37
CNNE	1.14	0.05	0.04	0.08	1.25	(1.35)	2.76	(2.57)	6.89
DPZ	1.18	0.01	0.01	0.04	1.34	(1.39)	3.26	(2.20)	8.71

VBI Vaccines Corporate Management

FRCPC MD	Chief Officer	Profile
Avi Mazaltov	Global SciVac	Profile
Misha Nossov	Senior Europe	Profile
David Anderson	Chief Officer	Profile

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