Vivani Medical Correlations

VANI Stock

USD 1.29 0.04 3.01%

The current 90-days correlation between Vivani Medical and Rallybio Corp is 0.12 (i.e., Average diversification). The correlation of Vivani Medical 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.

Vivani Medical Correlation With Market

Modest diversification

The correlation between Vivani Medical and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vivani Medical and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in Vivani Stock please use our How to Invest in Vivani Medical guide.

Moving together with Vivani Stock

0.62	INFU	InfuSystems Holdings	Pair Corr
0.63	FMCB	Farmers Merchants Bancorp	Pair Corr
0.69	FUWAF	Furukawa Electric	Pair Corr
0.74	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.75	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	T	ATT Inc Aggressive Push	Pair Corr
0.72	DIS	Walt Disney	Pair Corr
0.61	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Moving against Vivani Stock

0.64	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.62	A	Agilent Technologies	Pair Corr
0.62	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	OCX	OncoCyte Corp	Pair Corr
0.58	YAMHF	Yamaha Motor	Pair Corr
0.52	RVP	Retractable Technologies	Pair Corr
0.52	NDEKY	Nitto Denko Corp	Pair Corr
0.33	CPIX	Cumberland Pharmaceuticals	Pair Corr
0.68	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.49	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.41	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.32	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	PEPG	TYRA	PHVS	RLYB	ANEB	PMVP	ANTX	ELYM	HCWB
PEPG		0.81	-0.4	0.6	0.76	-0.64	-0.49	0.78	-0.08	PEPG
TYRA	0.81		-0.29	0.42	0.62	-0.42	-0.48	0.63	0.04	TYRA
PHVS	-0.4	-0.29		-0.54	-0.24	0.6	0.18	-0.39	0.0	PHVS
RLYB	0.6	0.42	-0.54		0.35	-0.55	0.04	0.51	-0.13	RLYB
ANEB	0.76	0.62	-0.24	0.35		-0.52	-0.55	0.76	-0.08	ANEB
PMVP	-0.64	-0.42	0.6	-0.55	-0.52		0.34	-0.69	-0.18	PMVP
ANTX	-0.49	-0.48	0.18	0.04	-0.55	0.34		-0.54	0.17	ANTX
ELYM	0.78	0.63	-0.39	0.51	0.76	-0.69	-0.54		0.03	ELYM
HCWB	-0.08	0.04	0.0	-0.13	-0.08	-0.18	0.17	0.03		HCWB
	PEPG	TYRA	PHVS	RLYB	ANEB	PMVP	ANTX	ELYM	HCWB

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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

TYRA	+ 0.81	PEPG
ELYM	+ 0.78	PEPG
ANEB	+ 0.76	PEPG
ELYM	+ 0.76	ANEB
ELYM	+ 0.63	TYRA
ANEB	+ 0.62	TYRA

High negative correlations

ELYM	- 0.69	PMVP
PMVP	- 0.64	PEPG
ANTX	- 0.55	ANEB
PMVP	- 0.55	RLYB
ELYM	- 0.54	ANTX
RLYB	- 0.54	PHVS

Risk-Adjusted Indicators

There is a big difference between Vivani Stock performing well and Vivani Medical 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 Vivani Medical'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
PEPG	3.54	(0.75)	0.00	(0.50)	0.00	0.00	6.69	(9.02)	26.81
TYRA	3.35	(0.53)	0.00	(0.35)	0.00	0.00	5.20	(6.06)	34.43
PHVS	3.07	0.05	0.03	0.16	3.82	(3.52)	7.76	(7.49)	23.21
RLYB	1.89	(0.11)	0.00	(0.09)	0.00	0.00	5.00	(4.27)	13.05
ANEB	4.88	(0.23)	0.00	(0.06)	0.00	0.00	8.61	(11.48)	76.00
PMVP	1.74	0.00	(0.01)	0.13	2.16	(2.16)	4.35	(4.57)	13.98
ANTX	2.30	0.47	0.17	0.58	1.83	(3.91)	6.00	(4.19)	28.89
ELYM	3.90	(0.88)	0.00	(3.05)	0.00	0.00	6.21	(9.35)	34.87
HCWB	13.27	3.77	0.31	(0.75)	8.38	(22.88)	22.00	(16.67)	352.85

Vivani Medical Corporate Management

Brigid Makes	Chief Officer	Profile
Adam Mendelsohn	Chairman CoFounder	Profile
Truc MBA	Chief Officer	Profile
Donald MBA	Chief Secretary	Profile
Lisa MD	Chief Officer	Profile
Kayte Fischer	CoFounder	Profile

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