Applied Molecular Correlations

Summary

AMTIDelisted Stock

USD 0.33 0.00 0.00%

The current 90-days correlation between Applied Molecular and Catalyst Biosciences is -0.03 (i.e., Good diversification). The correlation of Applied Molecular 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.

Applied Molecular Correlation With Market

Average diversification

The correlation between Applied Molecular Transport and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied Molecular Transport and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Applied Stock

0.63

BAC

Bank of America Fiscal Year End 10th of January 2025

Pair Corr

Moving against Applied Stock

0.58	TCHH	Trustcash Holdings	Pair Corr
0.48	TLK	Telkom Indonesia Tbk	Pair Corr
0.46	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.46	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.44	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.43	HYMTF	Hyundai Motor	Pair Corr
0.31	EC	Ecopetrol SA ADR	Pair Corr

Related Correlations Analysis

	CBIO	ALRN	BPTH	BNTC	AVTE	ADAG	ACRV	RZLT	ANTX
CBIO		0.21	-0.44	0.61	0.85	-0.02	-0.26	0.57	0.37	CBIO
ALRN	0.21		0.01	0.61	0.44	-0.03	-0.25	0.55	-0.29	ALRN
BPTH	-0.44	0.01		-0.04	-0.41	0.28	0.4	-0.24	-0.09	BPTH
BNTC	0.61	0.61	-0.04		0.72	-0.02	-0.19	0.47	0.18	BNTC
AVTE	0.85	0.44	-0.41	0.72		-0.07	-0.28	0.59	0.24	AVTE
ADAG	-0.02	-0.03	0.28	-0.02	-0.07		0.78	0.34	0.07	ADAG
ACRV	-0.26	-0.25	0.4	-0.19	-0.28	0.78		0.13	0.04	ACRV
RZLT	0.57	0.55	-0.24	0.47	0.59	0.34	0.13		-0.01	RZLT
ANTX	0.37	-0.29	-0.09	0.18	0.24	0.07	0.04	-0.01		ANTX
	CBIO	ALRN	BPTH	BNTC	AVTE	ADAG	ACRV	RZLT	ANTX

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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

AVTE	+ 0.85	CBIO
ACRV	+ 0.78	ADAG
AVTE	+ 0.72	BNTC
BNTC	+ 0.61	CBIO
BNTC	+ 0.61	ALRN
RZLT	+ 0.59	AVTE

High negative correlations

BPTH	- 0.44	CBIO
AVTE	- 0.41	BPTH
ANTX	- 0.29	ALRN
ACRV	- 0.28	AVTE
ACRV	- 0.26	CBIO
ACRV	- 0.25	ALRN

Risk-Adjusted Indicators

There is a big difference between Applied Stock performing well and Applied Molecular 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 Applied Molecular'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
CBIO	4.25	1.04	0.12	(1.63)	4.45	(6.17)	9.76	(8.33)	38.47
ALRN	4.29	0.13	0.00	1.71	4.85	(5.03)	8.06	(7.99)	41.47
BPTH	4.09	(0.45)	0.00	2.87	0.00	0.00	6.67	(8.08)	51.22
BNTC	3.21	0.29	0.06	1.25	3.49	(3.75)	7.89	(4.52)	29.78
AVTE	2.55	0.49	0.19	0.61	2.13	(3.41)	5.58	(3.86)	19.11
ADAG	4.45	(0.19)	0.00	(0.28)	0.00	0.00	8.30	(9.52)	37.93
ACRV	2.84	(0.57)	0.00	(0.20)	0.00	0.00	7.66	(7.65)	22.84
RZLT	2.87	0.11	0.05	0.19	3.11	(3.26)	6.81	(5.54)	30.01
ANTX	1.90	0.25	0.08	0.47	1.86	(3.07)	3.64	(3.42)	28.03

View Applied Molecular Related Equities

Catalyst Biosciences Aileron Therapeutics Bio Path Holdings Benitec Biopharma Ltd Aerovate Therapeutics Adagene Acrivon Therapeutics, Common Rezolute AN2 Therapeutics Gelesis Holdings Inhibikase Therapeutics Sio Gene Therapies Kaleido Biosciences Tempest Therapeutics Lipella Pharmaceuticals Common

Risk & Return

Correlation

Applied Molecular Corporate Management

Andrew Chang	Head Communications	Profile
Earl Douglas	Exec Counsel	Profile
Bittoo MD	Chief Officer	Profile
Graham Cooper	Ex Chairman	Profile
Shawn Cross	Pres COO	Profile
Tahir Mahmood	CEO CoFounder	Profile
Andy Whitney	VP Science	Profile

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