Aditxt Correlations

Stocks . USA . 
Stock . Aditxt Inc
ADTX Stock  USD 0.89  0.010001  1.14%   
The correlation of Aditxt is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aditxt moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aditxt Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Trending Equities. For more information on how to buy Aditxt Stock please use our How to Invest in Aditxt guide.
  
The ability to find closely correlated positions to Aditxt could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aditxt when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Aditxt - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Aditxt Inc to buy it.

Moving together with Aditxt

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+0.7KAKineta Inc Symbol ChangePairCorr
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+0.77MEIPMEI Pharma Fiscal Quarter End 31st of March 2023 PairCorr
+0.86VALNValneva SE ADR Fiscal Quarter End 31st of March 2023 PairCorr

Moving against Aditxt

-0.59MGNXMacroGenics Fiscal Quarter End 31st of March 2023 PairCorr
-0.53DMACDiaMedica Therapeutics Financial Report 3rd of May 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CVX
+ 0.87
VALN
BAC
+ 0.86
TRV
TRV
+ 0.83
CVX
XOM
+ 0.81
BAC
TRV
+ 0.77
VALN
BAC
+ 0.69
VALN
  
High negative correlations   
AXP
- 0.74
KO
CVX
- 0.73
GE
TRV
- 0.72
GE
KO
- 0.67
GE
GE
- 0.65
VALN
BAC
- 0.45
GE

Risk-Adjusted Indicators

Nowadays, there is a big difference between Aditxt Stock performing well and Aditxt company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Aditxt's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
VALN 3.12 (0.38)  0.00 (0.49)  0.00 (0.09)  0.00  5.81 (7.10)  19.68 
GE 1.36  0.60  0.39  0.68  1.07  0.34 (1.61)  3.22 (2.36)  8.91 
KO 0.69 (0.03)  0.00 (0.07)  0.00 (0.0322)  0.00  1.54 (1.30)  4.97 
AXP 1.50  0.20  0.11  0.15  1.60  0.09 (1.65)  3.31 (2.50)  15.41 
CVX 1.28 (0.08)  0.00 (0.09)  0.00 (0.05)  0.00  2.62 (2.93)  9.30 
TRV 1.24 (0.13)  0.00 (0.14)  0.00 (0.08)  0.00  2.40 (3.07)  7.97 
BAC 1.29 (0.17)  0.00 (0.12)  0.00 (0.09)  0.00  2.00 (3.32)  8.39 
INTC 1.94  0.33  0.14  0.26  2.18  0.13 (2.06)  3.93 (2.79)  10.65 
XOM 1.41  0.06  0.04  0.05  1.71  0.0344 (1.52)  2.85 (3.13)  9.19 
T 0.98  0.08  0.08  0.13  0.96  0.06 (1.13)  1.99 (1.60)  8.80 

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Our tools can tell you how much better you can do entering a position in Aditxt without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Aditxt Corporate Management

Elected by the shareholders, the Aditxt's board of directors comprises two types of representatives: Aditxt inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aditxt. The board's role is to monitor Aditxt's management team and ensure that shareholders' interests are well served. Aditxt's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aditxt's outside directors are responsible for providing unbiased perspectives on the board's policies.
CPA CPAPresidentProfile
Jennifer LeeDirector HRProfile
Thomas CPAChief OfficerProfile
Matthew ShatzkesChief CounselProfile
MS MDVP DiscoveryProfile
Amro AlbannaChairman CoFounderProfile
Dolly TyanSr TransplantationProfile

Already Invested in Aditxt Inc?

The danger of trading Aditxt Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Aditxt is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Aditxt. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aditxt Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. For more information on how to buy Aditxt Stock please use our How to Invest in Aditxt guide. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Aditxt Inc price analysis, check to measure Aditxt's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Aditxt is operating at the current time. Most of Aditxt's value examination focuses on studying past and present price action to predict the probability of Aditxt's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Aditxt's price. Additionally, you may evaluate how the addition of Aditxt to your portfolios can decrease your overall portfolio volatility.
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Is Aditxt's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Aditxt. If investors know Aditxt will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Aditxt listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(67.19) 
Revenue Per Share
0.886
Return On Assets
(0.86) 
Return On Equity
(3.39) 
The market value of Aditxt Inc is measured differently than its book value, which is the value of Aditxt that is recorded on the company's balance sheet. Investors also form their own opinion of Aditxt's value that differs from its market value or its book value, called intrinsic value, which is Aditxt's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Aditxt's market value can be influenced by many factors that don't directly affect Aditxt's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Aditxt's value and its price as these two are different measures arrived at by different means. Investors typically determine Aditxt value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aditxt's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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