Pasithea Therapeutics Correlations
| KTTA Stock | USD 0.86 0.10 10.42% |
The correlation of Pasithea Therapeutics 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.
Pasithea Therapeutics Correlation With Market
Very good diversification
The correlation between Pasithea Therapeutics Corp and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pasithea Therapeutics Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving against Pasithea Stock
| 0.7 | PAHC | Phibro Animal Health | PairCorr |
| 0.65 | PBH | Prestige Brand Holdings | PairCorr |
| 0.53 | COLL | Collegium Pharmaceutical Earnings Call Today | PairCorr |
| 0.37 | RGC | Regencell Bioscience Trending | PairCorr |
| 0.37 | FARO | FARO Technologies | PairCorr |
| 0.32 | AMPH | Amphastar P | PairCorr |
| 0.31 | PFE | Pfizer Inc | PairCorr |
| 0.59 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.52 | IBM | International Business | PairCorr |
| 0.47 | MMM | 3M Company | PairCorr |
| 0.45 | AA | Alcoa Corp | PairCorr |
| 0.44 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.43 | AXP | American Express Sell-off Trend | PairCorr |
| 0.41 | HD | Home Depot Earnings Call This Week | PairCorr |
| 0.41 | HPQ | HP Inc | PairCorr |
| 0.35 | GE | GE Aerospace | PairCorr |
| 0.35 | MSFT | Microsoft Aggressive Push | PairCorr |
Related Correlations Analysis
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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 Pasithea Stock performing well and Pasithea Therapeutics 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 Pasithea Therapeutics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NTRBW | 10.31 | 1.43 | 0.09 | 0.78 | 10.13 | 17.83 | 129.89 | |||
| ZIVO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNOV | 2.47 | (0.46) | 0.00 | (0.58) | 0.00 | 3.57 | 14.83 | |||
| ELYM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VRAX | 4.05 | (0.70) | 0.00 | (0.73) | 0.00 | 6.25 | 34.24 | |||
| BWV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| REVB | 3.86 | (0.39) | 0.00 | 1.09 | 0.00 | 6.88 | 49.44 | |||
| HILS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KPRX | 2.37 | (0.17) | 0.00 | (0.53) | 0.00 | 4.17 | 14.52 | |||
| KZR | 2.91 | (0.46) | 0.00 | (0.63) | 0.00 | 5.58 | 17.24 |
Pasithea Therapeutics Corporate Management
| Yassine Bendiabdallah | COO Clinics | Profile | |
| MD BA | Ex CoFounder | Profile | |
| Tiago Marques | CEO Director | Profile | |
| Daniel Schneiderman | Chief Officer | Profile | |
| Graeme Currie | Chief Officer | Profile |