Annexon Correlations

ANNX Stock

USD 4.89 0.30 5.78%

The current 90-days correlation between Annexon and DBV Technologies is 0.15 (i.e., Average diversification). The correlation of Annexon 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Annexon Correlation With Market

Poor diversification

The correlation between Annexon and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Annexon and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Annexon Stock

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

For more information on how to buy Annexon Stock please use our How to Invest in Annexon guide.

Moving together with Annexon Stock

0.68	GXEA	Galapagos NV Earnings Call This Week	Pair Corr
0.78	8VP1	AVRICORE HEALTH INC	Pair Corr
0.7	DNTH	Dianthus Therapeutics	Pair Corr
0.68	6C1	CytomX Therapeutics	Pair Corr
0.67	VERA	Vera Therapeutics Sell-off Trend	Pair Corr
0.73	DRUG	Bright Minds Biosciences	Pair Corr
0.83	DRTS	Alpha Tau Medical	Pair Corr
0.82	DSGN	Design Therapeutics	Pair Corr
0.8	SAB	Sonic Healthcare Earnings Call This Week	Pair Corr
0.87	0P6S	Bayer AG NA	Pair Corr
0.74	DVAX	Dynavax Technologies Earnings Call This Week	Pair Corr

Moving against Annexon Stock

0.71	OSE	OSE Pharma SA	Pair Corr
0.64	RAC	Race Oncology Earnings Call This Week	Pair Corr
0.53	DRMA	Dermata Therapeutics	Pair Corr
0.45	VCEL	Vericel Corp Ord	Pair Corr
0.38	ABNX	Abionyx Pharma SA	Pair Corr
0.37	ALSEN	Sensorion SA	Pair Corr
0.84	DTIL	Precision BioSciences	Pair Corr
0.81	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.73	DWTX	Dogwood Therapeutics	Pair Corr
0.72	VTGN	VistaGen Therapeutics	Pair Corr
0.69	VKTX	Viking Therapeutics	Pair Corr
0.65	VRAX	Virax Biolabs Group	Pair Corr
0.62	VSTM	Verastem	Pair Corr
0.49	XE9	Xencor Inc	Pair Corr

Related Correlations Analysis

	DBVT	LRMR	ALT	KRRO	ENGN	LBRX	AURA	KYTX	ACIU	DMAC
DBVT		-0.01	0.19	0.07	0.76	0.83	-0.16	0.43	0.3	0.36	DBVT
LRMR	-0.01		0.16	-0.11	0.01	0.05	0.59	0.37	-0.2	0.39	LRMR
ALT	0.19	0.16		-0.06	0.23	0.13	0.57	0.01	-0.26	0.4	ALT
KRRO	0.07	-0.11	-0.06		0.27	-0.07	-0.16	-0.16	0.26	-0.4	KRRO
ENGN	0.76	0.01	0.23	0.27		0.7	-0.11	0.43	0.47	0.26	ENGN
LBRX	0.83	0.05	0.13	-0.07	0.7		-0.02	0.48	0.13	0.54	LBRX
AURA	-0.16	0.59	0.57	-0.16	-0.11	-0.02		-0.04	-0.6	0.45	AURA
KYTX	0.43	0.37	0.01	-0.16	0.43	0.48	-0.04		0.5	0.41	KYTX
ACIU	0.3	-0.2	-0.26	0.26	0.47	0.13	-0.6	0.5		-0.12	ACIU
DMAC	0.36	0.39	0.4	-0.4	0.26	0.54	0.45	0.41	-0.12		DMAC
	DBVT	LRMR	ALT	KRRO	ENGN	LBRX	AURA	KYTX	ACIU	DMAC

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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

LBRX	+ 0.83	DBVT
ENGN	+ 0.76	DBVT
LBRX	+ 0.7	ENGN
AURA	+ 0.59	LRMR
AURA	+ 0.57	ALT
DMAC	+ 0.54	LBRX

High negative correlations

ACIU	- 0.6	AURA
DMAC	- 0.4	KRRO
ACIU	- 0.26	ALT
ACIU	- 0.2	LRMR
KYTX	- 0.16	KRRO
AURA	- 0.16	KRRO

Risk-Adjusted Indicators

There is a big difference between Annexon Stock performing well and Annexon 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 Annexon'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
DBVT	4.51	0.87	0.17	(1.84)	4.12	(5.43)	10.53	(6.81)	36.36
LRMR	3.28	(0.15)	0.00	(0.12)	0.00	0.00	6.96	(7.16)	20.14
ALT	3.90	0.22	0.04	0.38	5.16	(5.22)	9.80	(6.22)	33.75
KRRO	5.02	(0.63)	0.00	(0.06)	0.00	0.00	10.98	(6.05)	79.86
ENGN	3.80	0.16	0.04	0.14	4.53	(4.20)	8.59	(7.21)	22.57
LBRX	3.91	0.88	0.19	(0.98)	3.47	(4.68)	10.43	(6.59)	23.59
AURA	2.44	(0.05)	0.00	0.03	2.76	(3.05)	5.00	(5.34)	18.08
KYTX	5.69	0.42	0.05	0.37	7.93	(6.20)	9.57	(9.70)	55.75
ACIU	3.51	(0.21)	0.00	(0.04)	0.00	0.00	7.01	(8.36)	26.05
DMAC	3.43	0.50	0.12	0.31	4.12	(3.94)	7.96	(6.28)	24.12

Annexon Corporate Management

Shikhar MBA	Senior Commercial	Profile
Arnon Rosenthal	Founder	Profile
Michael MBA	Executive Officer	Profile
Lloyd MD	Senior Innovation	Profile
Mirella Toro	Sec	Profile

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