Palatin Technologies Correlations

Stocks . USA . 
Stock . Palatin Technologies
PTN Stock  USD 3.01  0.09  2.90%   
The correlation of Palatin Technologies 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 Palatin Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palatin Technologies 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 Your Equity Center. To learn how to invest in Palatin Stock please use our How to Invest in Palatin Technologies guide.
  
The ability to find closely correlated positions to Palatin Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palatin Technologies 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 Palatin Technologies - 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 Palatin Technologies to buy it.

Moving together with Palatin Technologies

+0.85CDXSCodexis Fiscal Quarter End 31st of March 2023 PairCorr
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+0.73HCMHUTCHMED DRC Fiscal Quarter End 31st of March 2023 PairCorr
+0.75LPCNLipocine Fiscal Quarter End 31st of March 2023 PairCorr
+0.79MBIOMustang Bio Report 29th of March 2023 PairCorr

Moving against Palatin Technologies

-0.6ABBVAbbVie Inc Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

CDXS
CLXT
CPIX
ACRX
AVDL
CDXS
0.070.930.7-0.49
CDXS
CLXT
0.070.0-0.560.73
CLXT
CPIX
0.930.00.73-0.51
CPIX
ACRX
0.7-0.560.73-0.82
ACRX
AVDL
-0.490.73-0.51-0.82
AVDL
CDXS
CLXT
CPIX
ACRX
AVDL
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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   
CPIX
+ 0.93
CDXS
AVDL
+ 0.73
CLXT
ACRX
+ 0.73
CPIX
ACRX
+ 0.7
CDXS
CLXT
+ 0.07
CDXS
CPIX
+ 0.0
CLXT
  
High negative correlations   
AVDL
- 0.82
ACRX
ACRX
- 0.56
CLXT
AVDL
- 0.51
CPIX
AVDL
- 0.49
CDXS
CPIX
- 0.0
CLXT

Risk-Adjusted Indicators

Nowadays, there is a big difference between Palatin Stock performing well and Palatin Technologies 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 Palatin Technologies' 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
CDXS 3.30 (0.26)  0.00 (0.14)  0.00 (0.07)  0.00  6.42 (5.88)  23.45 
CLXT 8.42  1.91  0.18  1.55  7.94  0.14 (12.57)  18.75 (13.33)  109.92 
CPIX 2.32 (0.08)  0.00 (0.12)  0.00 (0.0216)  0.00  5.77 (3.82)  22.68 
ACRX 3.89 (1.54)  0.00 (2.05)  0.00 (0.26)  0.00  7.58 (9.21)  31.04 
AVDL 3.24  0.57  0.18  1.22  3.08  0.15 (3.79)  7.74 (5.01)  21.93 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Palatin Technologies 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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Palatin Technologies Corporate Directors

Palatin Technologies corporate directors refer to members of a Palatin Technologies board of directors. The board of directors generally takes responsibility for the Palatin Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Palatin Technologies' board members must vote for the resolution. The Palatin Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Joseph HullIndependent DirectorProfile
Angela RossettiIndependent DirectorProfile
Robert TaberIndependent DirectorProfile
Zola HorovitzIndependent DirectorProfile

Already Invested in Palatin Technologies?

The danger of trading Palatin Technologies 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 Palatin Technologies 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 Palatin Technologies. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Palatin Technologies 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 Your Equity Center. To learn how to invest in Palatin Stock please use our How to Invest in Palatin Technologies guide. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for analysis

When running Palatin Technologies price analysis, check to measure Palatin Technologies' 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 Palatin Technologies is operating at the current time. Most of Palatin Technologies' value examination focuses on studying past and present price action to predict the probability of Palatin Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Palatin Technologies' price. Additionally, you may evaluate how the addition of Palatin Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Palatin Technologies' 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 Palatin Technologies. If investors know Palatin 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 Palatin Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.71) 
Revenue Per Share
0.292
Quarterly Revenue Growth
2.186
Return On Assets
(0.53) 
Return On Equity
(1.17) 
The market value of Palatin Technologies is measured differently than its book value, which is the value of Palatin that is recorded on the company's balance sheet. Investors also form their own opinion of Palatin Technologies' value that differs from its market value or its book value, called intrinsic value, which is Palatin Technologies' 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 Palatin Technologies' market value can be influenced by many factors that don't directly affect Palatin Technologies' 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 Palatin Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Palatin Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Palatin Technologies' 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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