Protagonist Competitors
| PTGX Stock | USD 84.79 0.90 1.07% |
Protagonist Therapeutics vs NewAmsterdam Pharma Correlation
Significant diversification
The correlation between Protagonist Therapeutics and NAMS is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Protagonist Therapeutics and NAMS in the same portfolio, assuming nothing else is changed.
Moving together with Protagonist Stock
| 0.67 | DMAC | DiaMedica Therapeutics | PairCorr |
| 0.78 | DSGN | Design Therapeutics | PairCorr |
| 0.65 | ALT | Altimmune Upward Rally | PairCorr |
Moving against Protagonist Stock
| 0.81 | ZLAB | Zai Lab | PairCorr |
| 0.77 | KRRO | Frequency Therapeutics | PairCorr |
| 0.67 | SGMO | Sangamo Therapeutics | PairCorr |
| 0.62 | LEGN | Legend Biotech Corp Downward Rally | PairCorr |
| 0.48 | AAPG | Ascentage Pharma Symbol Change | PairCorr |
Protagonist Therapeutics Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Protagonist Therapeutics and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Protagonist and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Protagonist Therapeutics does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Protagonist Stock performing well and Protagonist Therapeutics 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 Protagonist Therapeutics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACLX | 2.30 | (0.29) | 0.00 | 1.26 | 0.00 | 4.75 | 22.18 | |||
| ALKS | 1.66 | 0.09 | 0.04 | 0.18 | 2.11 | 3.82 | 11.41 | |||
| TGTX | 1.89 | (0.19) | 0.00 | (0.16) | 0.00 | 3.96 | 11.58 | |||
| AKRO | 1.14 | 0.37 | 0.20 | (0.73) | 0.63 | 3.29 | 16.73 | |||
| KYMR | 2.78 | 0.38 | 0.09 | (2.15) | 2.74 | 4.40 | 49.42 | |||
| IMVT | 2.61 | 0.68 | 0.24 | (4.98) | 2.02 | 6.49 | 20.44 | |||
| VKTX | 2.84 | (0.02) | (0.03) | 0.01 | 3.36 | 7.96 | 19.06 | |||
| CRNX | 2.29 | 0.40 | 0.14 | 0.67 | 2.38 | 4.38 | 17.96 | |||
| PTCT | 1.50 | 0.14 | 0.06 | 0.24 | 2.13 | 3.88 | 13.88 | |||
| NAMS | 2.43 | (0.16) | 0.00 | (0.08) | 0.00 | 4.72 | 15.37 |
Cross Equities Net Income Analysis
Compare Protagonist Therapeutics and related stocks such as Arcellx, Alkermes Plc, and TG Therapeutics Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ACLX | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (8.3 M) | (18 M) | (32.1 M) | (63.9 M) | (188.7 M) | (70.7 M) | (107.3 M) | (96.6 M) | (101.4 M) |
| ALKS | (40.1 M) | 25 M | 25 M | 17.6 M | (30.1 M) | (227.2 M) | (208.4 M) | (157.9 M) | (139.3 M) | (196.6 M) | (110.9 M) | (48.2 M) | (158.3 M) | 355.8 M | 367.1 M | 422.1 M | 443.2 M |
| TGTX | (3.6 M) | (853.1 K) | (18.1 M) | (20.5 M) | (55.8 M) | (62.9 M) | (78.3 M) | (118.5 M) | (173.5 M) | (172.9 M) | (279.4 M) | (348.1 M) | (223.8 M) | 12.7 M | 23.4 M | 21 M | 22.1 M |
| KYMR | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (21.5 M) | (41.3 M) | (45.6 M) | (100.2 M) | (154.8 M) | (147 M) | (223.9 M) | (201.5 M) | (191.4 M) |
| IMVT | (136.7 M) | (136.7 M) | (136.7 M) | (136.7 M) | (136.7 M) | (136.7 M) | (136.7 M) | (136.7 M) | (450) | (66.4 M) | (107.4 M) | (156.7 M) | (211 M) | (259.3 M) | (413.8 M) | (450) | (472) |
| VKTX | (444) | (444) | (444) | (146.2 K) | (21.9 M) | (23.4 M) | (14.7 M) | (20.6 M) | (22.1 M) | (25.8 M) | (39.5 M) | (55 M) | (68.9 M) | (85.9 M) | (110 M) | (99 M) | (94 M) |
| CRNX | (6 M) | (6 M) | (6 M) | (6 M) | (6 M) | (6 M) | (6 M) | (9.2 M) | (27.1 M) | (49.5 M) | (72.9 M) | (106.7 M) | (160 M) | (214.5 M) | (298.4 M) | (268.6 M) | (255.1 M) |
| PTCT | 30.9 M | 30.9 M | (26.2 M) | (51.6 M) | (93.8 M) | (170.4 M) | (142.1 M) | (79 M) | (128.1 M) | (251.6 M) | (438.2 M) | (523.9 M) | (559 M) | (626.6 M) | (363.3 M) | (327 M) | (343.3 M) |
| NAMS | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (7 M) | (41.8 M) | (22.6 M) | (176.9 M) | (241.6 M) | (217.4 M) | (206.6 M) |
Protagonist Therapeutics and related stocks such as Arcellx, Alkermes Plc, and TG Therapeutics Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Protagonist Therapeutics financial statement analysis. It represents the amount of money remaining after all of Protagonist Therapeutics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Protagonist Therapeutics Competitive Analysis
The better you understand Protagonist Therapeutics competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Protagonist Therapeutics' competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Protagonist Therapeutics' competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Protagonist Therapeutics Competition Performance Charts
Five steps to successful analysis of Protagonist Therapeutics Competition
Protagonist Therapeutics' competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Protagonist Therapeutics in relation to its competition. Protagonist Therapeutics' competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Protagonist Therapeutics in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Protagonist Therapeutics' competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Protagonist Therapeutics, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Additional Tools for Protagonist Stock Analysis
When running Protagonist Therapeutics' price analysis, check to measure Protagonist Therapeutics' 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 Protagonist Therapeutics is operating at the current time. Most of Protagonist Therapeutics' value examination focuses on studying past and present price action to predict the probability of Protagonist Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Protagonist Therapeutics' price. Additionally, you may evaluate how the addition of Protagonist Therapeutics to your portfolios can decrease your overall portfolio volatility.