Immix Biopharma Correlations

IMMX Stock

USD 2.97 0.05 1.71%

The current 90-days correlation between Immix Biopharma and Cns Pharmaceuticals is 0.12 (i.e., Average diversification). The correlation of Immix Biopharma 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.

Immix Biopharma Correlation With Market

Modest diversification

The correlation between Immix Biopharma and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Immix Biopharma and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Immix Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Immix Biopharma. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For more information on how to buy Immix Stock please use our How to Invest in Immix Biopharma guide.

Moving together with Immix Stock

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0.71	KMDA	Kamada	Pair Corr
0.67	FNMFO	Federal National Mortgage	Pair Corr
0.79	AVAL	Grupo Aval	Pair Corr
0.83	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.89	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.86	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.73	BAC-PL	Bank of America	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.66	INTC	Intel Earnings Call This Week	Pair Corr
0.74	IBM	International Business Earnings Call This Week	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.84	MSFT	Microsoft	Pair Corr
0.81	CVX	Chevron Corp	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.78	AXP	American Express	Pair Corr

Moving against Immix Stock

0.58	PG	Procter Gamble	Pair Corr
0.48	KO	Coca Cola Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	CNSP	ZVSA	EFTR	TECX	BFRI	SOPA	PTPI	KTTA	ENSC
CNSP		-0.13	0.0	0.17	-0.14	-0.09	0.62	0.29	0.24	CNSP
ZVSA	-0.13		0.0	-0.32	-0.19	-0.22	0.14	0.28	0.09	ZVSA
EFTR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EFTR
TECX	0.17	-0.32	0.0		-0.28	0.55	-0.28	-0.34	0.13	TECX
BFRI	-0.14	-0.19	0.0	-0.28		-0.6	0.16	0.32	0.07	BFRI
SOPA	-0.09	-0.22	0.0	0.55	-0.6		-0.59	-0.74	-0.23	SOPA
PTPI	0.62	0.14	0.0	-0.28	0.16	-0.59		0.74	0.27	PTPI
KTTA	0.29	0.28	0.0	-0.34	0.32	-0.74	0.74		0.57	KTTA
ENSC	0.24	0.09	0.0	0.13	0.07	-0.23	0.27	0.57		ENSC
	CNSP	ZVSA	EFTR	TECX	BFRI	SOPA	PTPI	KTTA	ENSC

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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

KTTA	+ 0.74	PTPI
PTPI	+ 0.62	CNSP
ENSC	+ 0.57	KTTA
SOPA	+ 0.55	TECX
KTTA	+ 0.32	BFRI
KTTA	+ 0.29	CNSP

High negative correlations

KTTA	- 0.74	SOPA
SOPA	- 0.6	BFRI
PTPI	- 0.59	SOPA
KTTA	- 0.34	TECX
TECX	- 0.32	ZVSA
PTPI	- 0.28	TECX

Risk-Adjusted Indicators

There is a big difference between Immix Stock performing well and Immix Biopharma 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 Immix Biopharma'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
CNSP	4.52	(0.76)	0.00	(0.28)	0.00	0.00	9.57	(11.11)	27.84
ZVSA	6.32	(2.14)	0.00	(4.19)	0.00	0.00	9.38	(17.95)	67.27
EFTR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TECX	3.86	0.11	0.06	0.18	4.01	(4.15)	10.63	(6.60)	26.08
BFRI	3.63	0.16	0.03	0.32	4.04	(4.55)	7.50	(6.15)	22.98
SOPA	4.52	0.87	0.21	0.75	3.63	(6.35)	10.43	(6.47)	54.75
PTPI	11.71	(4.07)	0.00	(5.95)	0.00	0.00	14.29	(25.00)	210.34
KTTA	3.96	(0.58)	0.00	(30.19)	0.00	0.00	7.69	(10.42)	37.52
ENSC	5.96	0.23	0.09	0.19	6.35	(7.08)	11.59	(12.15)	109.72

Immix Biopharma Corporate Management

Denise Bruns	Head Regulatory	Profile
JD MBA	CoFounder	Profile
David Marks	Chief Therapy	Profile
David MBBS	Chief Therapy	Profile
Gabriel BA	CFO Director	Profile
Gerhard Bauer	Head Manufacturing	Profile
MD FFPM	Chief Development	Profile

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