Alx Oncology Correlations

ALXO Stock

USD 1.31 0.15 10.27%

The current 90-days correlation between Alx Oncology Holdings and Cabaletta Bio is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alx Oncology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alx Oncology Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Alx Oncology Correlation With Market

Good diversification

The correlation between Alx Oncology Holdings and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alx Oncology Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alx Oncology Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Alx Stock

0.74

MLAB

Mesa Laboratories Earnings Call This Week

Pair Corr

Moving against Alx Stock

0.58	JNJ	Johnson Johnson	Pair Corr
0.45	KRYS	Krystal Biotech	Pair Corr
0.45	PDSB	PDS Biotechnology Corp	Pair Corr
0.37	NKTX	Nkarta Inc	Pair Corr
0.31	INZY	Inozyme Pharma	Pair Corr
0.63	AFMD	Affimed NV	Pair Corr
0.59	CRVS	Corvus Pharmaceuticals	Pair Corr
0.56	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.54	BDTX	Black Diamond Therap	Pair Corr
0.5	ABOS	Acumen Pharmaceuticals	Pair Corr
0.5	AGIO	Agios Pharm	Pair Corr
0.49	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.45	APTO	Aptose Biosciences	Pair Corr
0.42	STOK	Stoke Therapeutics	Pair Corr
0.34	ADAP	Adaptimmune Therapeutics	Pair Corr
0.66	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.61	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.6	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.58	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.51	DAWN	Day One Biopharmaceu	Pair Corr
0.31	ACET	Adicet Bio	Pair Corr
0.31	BCH	Banco De Chile Earnings Call Today	Pair Corr

Related Correlations Analysis

	CABA	VIRX	EYPT	BMEA	CRNX	IMTX	BCAB	AVTE	DYN	EWTX
CABA		0.18	0.81	0.8	0.58	0.78	0.81	-0.1	0.57	0.78	CABA
VIRX	0.18		0.11	0.24	0.19	0.26	0.07	-0.44	0.13	0.13	VIRX
EYPT	0.81	0.11		0.82	0.5	0.77	0.78	-0.02	0.53	0.74	EYPT
BMEA	0.8	0.24	0.82		0.61	0.85	0.87	-0.42	0.67	0.83	BMEA
CRNX	0.58	0.19	0.5	0.61		0.86	0.82	0.13	0.96	0.75	CRNX
IMTX	0.78	0.26	0.77	0.85	0.86		0.91	-0.1	0.88	0.83	IMTX
BCAB	0.81	0.07	0.78	0.87	0.82	0.91		-0.06	0.84	0.9	BCAB
AVTE	-0.1	-0.44	-0.02	-0.42	0.13	-0.1	-0.06		0.05	-0.07	AVTE
DYN	0.57	0.13	0.53	0.67	0.96	0.88	0.84	0.05		0.75	DYN
EWTX	0.78	0.13	0.74	0.83	0.75	0.83	0.9	-0.07	0.75		EWTX
	CABA	VIRX	EYPT	BMEA	CRNX	IMTX	BCAB	AVTE	DYN	EWTX

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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

DYN	+ 0.96	CRNX
BCAB	+ 0.91	IMTX
EWTX	+ 0.9	BCAB
DYN	+ 0.88	IMTX
BCAB	+ 0.87	BMEA
IMTX	+ 0.86	CRNX

High negative correlations

AVTE	- 0.44	VIRX
AVTE	- 0.42	BMEA
AVTE	- 0.1	IMTX
AVTE	- 0.1	CABA
EWTX	- 0.07	AVTE
AVTE	- 0.06	BCAB

Risk-Adjusted Indicators

There is a big difference between Alx Stock performing well and Alx Oncology 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 Alx Oncology'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
CABA	6.39	(0.46)	0.00	(0.48)	0.00	0.00	12.76	(13.80)	43.64
VIRX	5.38	(0.35)	0.00	(0.40)	0.00	0.00	12.50	(11.54)	47.62
EYPT	4.38	(0.09)	0.00	1.11	0.00	0.00	7.34	(7.23)	40.16
BMEA	3.76	(1.27)	0.00	1.52	0.00	0.00	6.48	(11.36)	28.29
CRNX	2.34	(0.62)	0.00	(0.47)	0.00	0.00	3.10	(7.53)	21.52
IMTX	2.07	(0.80)	0.00	3.38	0.00	0.00	3.04	(6.19)	12.93
BCAB	4.97	(1.85)	0.00	(2.32)	0.00	0.00	8.85	(11.59)	54.97
AVTE	1.98	0.37	0.15	8.85	1.55	(2.89)	5.53	(3.10)	18.16
DYN	3.08	(1.14)	0.00	(0.89)	0.00	0.00	6.34	(6.33)	47.52
EWTX	2.69	(0.41)	0.00	(0.15)	0.00	0.00	4.81	(5.54)	26.07

Alx Oncology Corporate Management

Lisa Sauer	Senior Assurance	Profile
Peter MBA	Chief Officer	Profile
Christopher JD	General Counsel	Profile
Shelly CPA	Interim Officer	Profile
Corey Goodman	Independent Chairman	Profile
Shelly Pinto	Senior Officer	Profile
Caitlyn Doherty	Manager Communications	Profile

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