Eton Pharmaceuticals Correlations
| ETON Stock | USD 15.02 1.07 7.67% |
The current 90-days correlation between Eton Pharmaceuticals and Fennec Pharmaceuticals is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eton Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eton Pharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Eton Pharmaceuticals Correlation With Market
Average diversification
The correlation between Eton Pharmaceuticals and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eton Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Eton Stock
Moving against Eton Stock
| 0.59 | XOM | Exxon Mobil Corp | PairCorr |
| 0.5 | MRK | Merck Company | PairCorr |
| 0.44 | NKTR | Nektar Therapeutics | PairCorr |
| 0.41 | KMDA | Kamada | PairCorr |
| 0.35 | IBM | International Business Earnings Call This Week | PairCorr |
| 0.33 | JNJ | Johnson Johnson | PairCorr |
| 0.32 | PFE | Pfizer Inc | PairCorr |
Related Correlations Analysis
| 0.64 | 0.76 | 0.1 | 0.66 | 0.56 | 0.0 | FENC | ||
| 0.64 | 0.63 | 0.16 | 0.91 | 0.7 | 0.0 | LRMR | ||
| 0.76 | 0.63 | 0.4 | 0.7 | 0.79 | 0.0 | VRCA | ||
| 0.1 | 0.16 | 0.4 | 0.31 | 0.48 | 0.0 | QTTB | ||
| 0.66 | 0.91 | 0.7 | 0.31 | 0.79 | 0.0 | AQST | ||
| 0.56 | 0.7 | 0.79 | 0.48 | 0.79 | 0.0 | EYEN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EVLO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Eton Stock performing well and Eton Pharmaceuticals 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 Eton Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FENC | 2.57 | 0.55 | 0.24 | 0.48 | 2.14 | 6.71 | 17.35 | |||
| LRMR | 5.07 | 0.74 | 0.14 | 0.45 | 5.55 | 10.88 | 40.34 | |||
| VRCA | 4.77 | 0.61 | 0.11 | 0.58 | 4.75 | 13.21 | 28.86 | |||
| QTTB | 6.92 | 0.87 | 0.13 | 0.65 | 6.80 | 8.93 | 143.55 | |||
| AQST | 3.02 | 0.69 | 0.14 | 0.61 | 4.24 | 8.44 | 26.24 | |||
| EYEN | 15.39 | 5.85 | 0.53 | 2.79 | 8.34 | 50.96 | 165.38 | |||
| EVLO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Eton Pharmaceuticals Corporate Management
| Danka Radosavljevic | Executive Operations | Profile | |
| James CPA | Treasurer CFO | Profile | |
| Kevin Guthrie | Executive Operations | Profile | |
| Scott Grossenbach | Senior Operations | Profile | |
| Ingrid Hoos | Senior Affairs | Profile | |
| Ipek ErdoganTrinkaus | Chief Officer | Profile |