Pasithea Therapeutics Correlations

KTTA Stock

USD 0.71 0.01 1.39%

The current 90-days correlation between Pasithea Therapeutics and Virax Biolabs Group is -0.11 (i.e., Good diversification). 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

Significant diversification

The correlation between Pasithea Therapeutics Corp 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 Pasithea Therapeutics Corp and DJI in the same portfolio, assuming nothing else is changed.

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Pasithea Therapeutics Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Pasithea Stock

0.61

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Pair Corr

Moving against Pasithea Stock

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0.83	AA	Alcoa Corp	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr
0.63	INTC	Intel Earnings Call This Week	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.4	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.34	WFC-PL	Wells Fargo	Pair Corr

Related Correlations Analysis

	NTRBW	ZIVO	MNOV	ELYM	VRAX	BWV	REVB	HILS	KPRX	KZR
NTRBW		0.0	-0.51	0.0	-0.32	0.0	-0.48	0.0	-0.22	0.35	NTRBW
ZIVO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ZIVO
MNOV	-0.51	0.0		0.0	0.67	0.0	0.73	0.0	0.47	-0.21	MNOV
ELYM	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ELYM
VRAX	-0.32	0.0	0.67	0.0		0.0	0.74	0.0	0.44	-0.38	VRAX
BWV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	BWV
REVB	-0.48	0.0	0.73	0.0	0.74	0.0		0.0	0.35	-0.45	REVB
HILS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HILS
KPRX	-0.22	0.0	0.47	0.0	0.44	0.0	0.35	0.0		0.0	KPRX
KZR	0.35	0.0	-0.21	0.0	-0.38	0.0	-0.45	0.0	0.0		KZR
	NTRBW	ZIVO	MNOV	ELYM	VRAX	BWV	REVB	HILS	KPRX	KZR

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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

REVB	+ 0.74	VRAX
REVB	+ 0.73	MNOV
VRAX	+ 0.67	MNOV
KPRX	+ 0.47	MNOV
KPRX	+ 0.44	VRAX
KZR	+ 0.35	NTRBW

High negative correlations

MNOV	- 0.51	NTRBW
REVB	- 0.48	NTRBW
KZR	- 0.45	REVB
KZR	- 0.38	VRAX
VRAX	- 0.32	NTRBW
KPRX	- 0.22	NTRBW

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	12.39	2.78	0.15	23.35	9.44	(27.66)	27.62	(20.00)	152.46
ZIVO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MNOV	1.77	(0.18)	0.00	(0.49)	0.00	0.00	3.36	(4.40)	11.32
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRAX	3.09	0.00	0.00	0.12	0.00	0.00	5.75	(6.45)	15.20
BWV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REVB	4.74	(1.18)	0.00	(3.96)	0.00	0.00	9.33	(10.91)	61.31
HILS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KPRX	2.93	0.06	0.00	0.26	3.76	(4.20)	5.00	(4.36)	55.05
KZR	2.60	(0.02)	(0.01)	0.12	3.48	(2.58)	5.17	(5.76)	16.72

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

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