Inventiva Correlations

IVA Stock

USD 3.09 0.31 9.12%

The current 90-days correlation between Inventiva Sa and Mineralys Therapeutics, Common is 0.14 (i.e., Average diversification). The correlation of Inventiva 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.

Inventiva Correlation With Market

Modest diversification

The correlation between Inventiva Sa and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inventiva Sa and DJI in the same portfolio, assuming nothing else is changed.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Inventiva Sa. 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 against Inventiva Stock

0.71	DRMA	Dermata Therapeutics	Pair Corr
0.69	BMY	Bristol Myers Squibb	Pair Corr
0.64	ABP	ABPRO P Symbol Change	Pair Corr
0.59	QNRX	Quoin Pharmaceuticals	Pair Corr
0.56	MRK	Merck Company	Pair Corr
0.53	WINT	Windtree Therapeutics	Pair Corr
0.52	PFE	Pfizer Inc	Pair Corr
0.49	VRAX	Virax Biolabs Group	Pair Corr
0.32	ENSC	Ensysce Biosciences	Pair Corr
0.32	JNJ	Johnson Johnson	Pair Corr
0.68	ADTX	Aditxt Inc	Pair Corr
0.67	DVA	DaVita HealthCare	Pair Corr
0.65	TENX	Tenax Therapeutics	Pair Corr
0.55	AMGN	Amgen Inc	Pair Corr
0.53	ABBV	AbbVie Inc	Pair Corr
0.79	ACHC	Acadia Healthcare	Pair Corr
0.73	OPCH	Option Care Health	Pair Corr

Related Correlations Analysis

	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX
MLYS		0.0	0.33	-0.01	0.41	0.34	0.73	0.46	0.53	0.53	MLYS
ELYM	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ELYM
ANEB	0.33	0.0		0.17	0.04	0.76	0.71	0.32	0.5	0.65	ANEB
JANX	-0.01	0.0	0.17		-0.31	0.6	0.25	0.19	-0.24	0.43	JANX
RZLT	0.41	0.0	0.04	-0.31		0.02	0.22	0.56	0.64	0.17	RZLT
GLUE	0.34	0.0	0.76	0.6	0.02		0.72	0.6	0.44	0.79	GLUE
NAMS	0.73	0.0	0.71	0.25	0.22	0.72		0.53	0.57	0.71	NAMS
CGEM	0.46	0.0	0.32	0.19	0.56	0.6	0.53		0.61	0.64	CGEM
CMPX	0.53	0.0	0.5	-0.24	0.64	0.44	0.57	0.61		0.57	CMPX
ACLX	0.53	0.0	0.65	0.43	0.17	0.79	0.71	0.64	0.57		ACLX
	MLYS	ELYM	ANEB	JANX	RZLT	GLUE	NAMS	CGEM	CMPX	ACLX

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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

ACLX	+ 0.79	GLUE
GLUE	+ 0.76	ANEB
NAMS	+ 0.73	MLYS
NAMS	+ 0.72	GLUE
NAMS	+ 0.71	ANEB
ACLX	+ 0.71	NAMS

High negative correlations

RZLT	- 0.31	JANX
CMPX	- 0.24	JANX
JANX	- 0.01	MLYS
ACLX	- 0.0	ELYM
CMPX	- 0.0	ELYM
CGEM	- 0.0	ELYM

Risk-Adjusted Indicators

There is a big difference between Inventiva Stock performing well and Inventiva 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 Inventiva'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
MLYS	3.08	(0.25)	0.00	(0.18)	0.00	0.00	5.76	(7.12)	21.17
ELYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ANEB	3.88	(0.31)	0.00	(7.46)	0.00	0.00	9.48	(6.96)	20.63
JANX	3.17	(0.41)	0.00	(0.28)	0.00	0.00	5.86	(7.22)	27.05
RZLT	3.57	0.39	0.09	0.46	4.00	(3.98)	6.44	(7.66)	36.39
GLUE	3.70	(0.46)	0.00	(0.48)	0.00	0.00	7.85	(9.02)	23.22
NAMS	2.84	(0.36)	0.00	(0.29)	0.00	0.00	4.63	(6.14)	14.98
CGEM	2.62	(0.18)	0.00	(0.19)	0.00	0.00	4.81	(5.61)	16.72
CMPX	3.92	0.31	0.05	0.24	6.09	(4.16)	10.06	(8.49)	42.45
ACLX	2.71	(0.13)	0.00	(0.08)	0.00	0.00	6.27	(6.17)	29.09

Inventiva Corporate Management

Jean Volatier	Chief Officer	Profile
Eric LLM	General Counsel	Profile
Pascaline Clerc	Executive Affairs	Profile
Alice PharmD	Chief Officer	Profile
Frederic Cren	CEO CoFounder	Profile
JeanPaul MD	Head Pharmacovigilance	Profile
Michael Cooreman	Chief Officer	Profile

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