AnaptysBio Correlations

ANAB Stock

USD 55.05 1.06 1.89%

The current 90-days correlation between AnaptysBio and Xencor Inc is 0.46 (i.e., Very weak diversification). The correlation of AnaptysBio 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.

AnaptysBio Correlation With Market

Poor diversification

The correlation between AnaptysBio and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AnaptysBio and DJI in the same portfolio, assuming nothing else is changed.

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

For information on how to trade AnaptysBio Stock refer to our How to Trade AnaptysBio Stock guide.

Moving together with AnaptysBio Stock

0.63	GXEA	Galapagos NV	Pair Corr
0.84	EQ	Equillium	Pair Corr
0.61	VALN	Valneva SE ADR	Pair Corr
0.63	6C1	CytomX Therapeutics Earnings Call This Week	Pair Corr
0.73	DRTS	Alpha Tau Medical Earnings Call This Week	Pair Corr
0.73	DSGN	Design Therapeutics	Pair Corr
0.67	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr
0.61	VINC	Vincerx Pharma Common	Pair Corr
0.65	DVAX	Dynavax Technologies	Pair Corr

Moving against AnaptysBio Stock

0.82	VCYT	Veracyte	Pair Corr
0.78	OSE	OSE Pharma SA	Pair Corr
0.68	RAC	Race Oncology	Pair Corr
0.43	VCEL	Vericel Corp Ord Downward Rally	Pair Corr
0.4	OB3	OPTIBIOTIX HLTH PLC	Pair Corr
0.38	VANI	Vivani Medical	Pair Corr
0.85	DRMA	Dermata Therapeutics	Pair Corr
0.67	DTIL	Precision BioSciences	Pair Corr
0.63	ABNX	Abionyx Pharma SA Earnings Call This Week	Pair Corr
0.34	DXB	Dimerix	Pair Corr
0.77	9OF	BIORESTORATTHERAPDL	Pair Corr
0.68	DYAI	Dyadic International	Pair Corr
0.67	BIM	Biomerieux SA	Pair Corr
0.66	DWTX	Dogwood Therapeutics	Pair Corr
0.65	IGS1	India Globalization	Pair Corr
0.42	VKTX	Viking Therapeutics	Pair Corr

Related Correlations Analysis

	XNCR	OCS	PHAT	MNMD	URGN	NRIX	BBOT	KOD	DNTH	TSHA
XNCR		-0.91	0.65	-0.38	0.7	0.5	0.54	-0.05	-0.65	0.44	XNCR
OCS	-0.91		-0.79	0.6	-0.68	-0.54	-0.53	-0.03	0.85	-0.52	OCS
PHAT	0.65	-0.79		-0.74	0.41	0.68	0.57	0.4	-0.72	0.65	PHAT
MNMD	-0.38	0.6	-0.74		-0.15	-0.54	-0.56	-0.22	0.61	-0.41	MNMD
URGN	0.7	-0.68	0.41	-0.15		0.04	0.29	-0.28	-0.43	0.1	URGN
NRIX	0.5	-0.54	0.68	-0.54	0.04		0.69	0.48	-0.48	0.69	NRIX
BBOT	0.54	-0.53	0.57	-0.56	0.29	0.69		0.05	-0.47	0.39	BBOT
KOD	-0.05	-0.03	0.4	-0.22	-0.28	0.48	0.05		-0.09	0.51	KOD
DNTH	-0.65	0.85	-0.72	0.61	-0.43	-0.48	-0.47	-0.09		-0.51	DNTH
TSHA	0.44	-0.52	0.65	-0.41	0.1	0.69	0.39	0.51	-0.51		TSHA
	XNCR	OCS	PHAT	MNMD	URGN	NRIX	BBOT	KOD	DNTH	TSHA

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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

DNTH	+ 0.85	OCS
URGN	+ 0.7	XNCR
BBOT	+ 0.69	NRIX
TSHA	+ 0.69	NRIX
NRIX	+ 0.68	PHAT
PHAT	+ 0.65	XNCR

High negative correlations

OCS	- 0.91	XNCR
PHAT	- 0.79	OCS
MNMD	- 0.74	PHAT
DNTH	- 0.72	PHAT
URGN	- 0.68	OCS
DNTH	- 0.65	XNCR

Risk-Adjusted Indicators

There is a big difference between AnaptysBio Stock performing well and AnaptysBio 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 AnaptysBio'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
XNCR	2.78	(0.42)	0.00	(0.43)	0.00	0.00	6.33	(5.76)	16.84
OCS	2.03	0.62	0.26	1.12	1.66	(2.38)	5.79	(3.08)	16.37
PHAT	3.14	(0.22)	0.00	(0.49)	0.00	0.00	7.68	(6.20)	24.16
MNMD	3.07	0.41	0.09	3.67	3.40	(3.39)	6.21	(4.21)	28.06
URGN	2.91	(0.24)	0.00	(0.41)	0.00	0.00	5.40	(5.50)	20.58
NRIX	2.66	(0.09)	(0.03)	(0.01)	3.20	(3.14)	5.64	(5.05)	27.63
BBOT	3.45	(0.28)	0.00	(0.24)	0.00	0.00	9.92	(7.04)	31.80
KOD	4.22	0.42	0.10	0.44	3.93	(4.82)	9.66	(6.87)	23.68
DNTH	2.78	0.54	0.14	(0.95)	2.59	(3.30)	6.30	(4.89)	22.93
TSHA	3.35	0.11	0.03	0.17	3.93	(3.46)	7.57	(6.86)	21.14

AnaptysBio Corporate Management

Martin Dahl	Senior Research	Profile
Monique Silva	Senior Affairs	Profile
James MD	Advisor	Profile
David McKeon	Senior Controller	Profile
Beth Mueller	Senior Resources	Profile
Priya Raina	Senior Operations	Profile
FAAD MBA	Chief Officer	Profile

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