Pulmatrix Correlations

PULM Stock

USD 4.78 0.05 1.04%

The current 90-days correlation between Pulmatrix and Edesa Biotech is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pulmatrix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pulmatrix moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pulmatrix Correlation With Market

Modest diversification

The correlation between Pulmatrix and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pulmatrix and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Pulmatrix Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pulmatrix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

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

Moving against Pulmatrix Stock

0.35	CAPLIPOINT	Caplin Point Laboratories	Pair Corr
0.32	002262	Jiangsu Nhwa Pharmac	Pair Corr

Related Correlations Analysis

	EDSA	PTHS	FBLG	DARE	NXTC	ASBP	ANL	LEXX	LPCN	NERV
EDSA		-0.06	0.29	0.77	-0.33	0.04	0.67	-0.1	0.6	-0.12	EDSA
PTHS	-0.06		-0.54	-0.23	0.51	-0.22	-0.07	0.6	-0.61	0.37	PTHS
FBLG	0.29	-0.54		0.39	-0.87	0.59	0.65	-0.03	0.38	-0.68	FBLG
DARE	0.77	-0.23	0.39		-0.41	0.02	0.59	-0.11	0.66	-0.24	DARE
NXTC	-0.33	0.51	-0.87	-0.41		-0.42	-0.66	-0.04	-0.47	0.76	NXTC
ASBP	0.04	-0.22	0.59	0.02	-0.42		0.29	-0.03	0.1	-0.27	ASBP
ANL	0.67	-0.07	0.65	0.59	-0.66	0.29		0.15	0.43	-0.56	ANL
LEXX	-0.1	0.6	-0.03	-0.11	-0.04	-0.03	0.15		-0.48	-0.07	LEXX
LPCN	0.6	-0.61	0.38	0.66	-0.47	0.1	0.43	-0.48		-0.41	LPCN
NERV	-0.12	0.37	-0.68	-0.24	0.76	-0.27	-0.56	-0.07	-0.41		NERV
	EDSA	PTHS	FBLG	DARE	NXTC	ASBP	ANL	LEXX	LPCN	NERV

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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

DARE	+ 0.77	EDSA
NERV	+ 0.76	NXTC
ANL	+ 0.67	EDSA
LPCN	+ 0.66	DARE
ANL	+ 0.65	FBLG
LPCN	+ 0.6	EDSA

High negative correlations

NXTC	- 0.87	FBLG
NERV	- 0.68	FBLG
ANL	- 0.66	NXTC
LPCN	- 0.61	PTHS
NERV	- 0.56	ANL
FBLG	- 0.54	PTHS

Risk-Adjusted Indicators

There is a big difference between Pulmatrix Stock performing well and Pulmatrix 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 Pulmatrix'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
EDSA	2.98	(0.43)	0.00	(0.30)	0.00	0.00	7.00	(6.91)	30.37
PTHS	4.04	0.95	0.20	0.56	4.45	(4.54)	13.96	(7.89)	36.92
FBLG	4.05	(0.80)	0.00	(0.20)	0.00	0.00	8.77	(9.84)	28.59
DARE	2.27	(0.40)	0.00	(0.26)	0.00	0.00	3.88	(4.93)	12.01
NXTC	4.29	1.20	0.18	1.82	5.41	(5.08)	11.75	(4.92)	60.54
ASBP	8.16	0.71	0.07	0.75	8.60	(13.04)	11.11	(15.69)	111.36
ANL	2.48	0.00	(0.01)	0.09	3.11	(2.98)	6.51	(5.56)	15.85
LEXX	4.98	0.81	0.07	(0.43)	7.36	(5.83)	11.22	(9.18)	64.28
LPCN	1.96	(0.25)	0.00	(0.22)	0.00	0.00	4.04	(3.50)	12.94
NERV	6.90	1.80	0.38	0.49	4.14	(9.48)	8.44	(9.05)	157.05

Pulmatrix Corporate Management

MBA CMA	Interim Officer	Profile
Alexander Klibanov	Founder	Profile
Margaret MD	Chief Officer	Profile
David JD	Advisor	Profile
Aidan Curran	VP Affairs	Profile

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