Vaxart Correlations

VXRT Stock

USD 0.34 0.01 2.86%

The current 90-days correlation between Vaxart Inc and Inovio Pharmaceuticals is 0.18 (i.e., Average diversification). The correlation of Vaxart 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.

Vaxart Correlation With Market

Average diversification

The correlation between Vaxart Inc and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaxart Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Vaxart Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vaxart Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Vaxart Stock

0.68

DRMA

Dermata Therapeutics

Pair Corr

Moving against Vaxart Stock

0.7	VALN	Valneva SE ADR	Pair Corr
0.67	DRUG	Bright Minds Biosciences	Pair Corr
0.53	VCYT	Veracyte	Pair Corr
0.51	CMB	Cambium Bio	Pair Corr
0.51	DMAC	DiaMedica Therapeutics	Pair Corr
0.5	EQ	Equillium	Pair Corr
0.45	RAC	Race Oncology	Pair Corr
0.35	VERA	Vera Therapeutics	Pair Corr
0.33	DNLI	Denali Therapeutics	Pair Corr
0.31	DNTH	Dianthus Therapeutics	Pair Corr
0.53	DSGN	Design Therapeutics	Pair Corr
0.47	DTIL	Precision BioSciences	Pair Corr
0.41	DWTX	Dogwood Therapeutics,	Pair Corr
0.39	DRTS	Alpha Tau Medical	Pair Corr
0.61	VTGN	VistaGen Therapeutics	Pair Corr
0.55	VRDN	Viridian Therapeutics	Pair Corr
0.55	VSTM	Verastem	Pair Corr
0.54	BSFA	BSF Enterprise Plc	Pair Corr
0.49	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.37	MRVL	Marvel Biosciences Corp	Pair Corr

Related Correlations Analysis

	INO	IBIO	CODX	NVAX	OCGN
INO		0.79	0.65	0.46	0.52	INO
IBIO	0.79		0.66	0.29	0.47	IBIO
CODX	0.65	0.66		0.47	0.61	CODX
NVAX	0.46	0.29	0.47		0.57	NVAX
OCGN	0.52	0.47	0.61	0.57		OCGN
	INO	IBIO	CODX	NVAX	OCGN

Risk-Adjusted Indicators

There is a big difference between Vaxart Stock performing well and Vaxart 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 Vaxart'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
INO	3.52	0.92	0.26	0.53	3.02	(4.28)	8.44	(4.39)	30.78
IBIO	3.28	0.00	0.02	0.05	3.27	(4.63)	7.59	(6.49)	35.13
CODX	5.34	1.16	0.12	2.03	6.46	(8.55)	10.26	(8.11)	117.23
NVAX	3.10	0.31	0.10	0.17	3.55	(3.53)	8.59	(4.08)	28.53
OCGN	3.36	0.54	0.15	0.40	2.96	(4.89)	12.41	(5.50)	26.74

Vaxart Corporate Management

Sarah Khan	VP Resources	Profile
Rajesh Kapoor	Senior Quality	Profile
Shaily Garg	Senior Management	Profile
Brant Biehn	Sr Operations	Profile
Cezar MBA	Pres CEO	Profile

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