Annexon Correlations

ANNX Stock

USD 5.27 0.12 2.23%

The current 90-days correlation between Annexon and VectivBio Holding AG is 0.04 (i.e., Significant 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

Weak diversification

The correlation between Annexon and DJI is 0.37 (i.e., Weak 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.

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 board of governors.

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

Moving together with Annexon Stock

0.65	DNTH	Dianthus Therapeutics	Pair Corr
0.73	VIGL	Vigil Neuroscience	Pair Corr
0.8	VKTX	Viking Therapeutics Potential Growth	Pair Corr

Moving against Annexon Stock

0.61	VCEL	Vericel Corp Ord	Pair Corr
0.51	DRTS	Alpha Tau Medical Trending	Pair Corr
0.31	VCYT	Veracyte	Pair Corr
0.68	DYAI	Dyadic International	Pair Corr
0.48	VTVT	vTv Therapeutics	Pair Corr
0.47	VTRS	Viatris	Pair Corr
0.39	VNDA	Vanda Pharmaceuticals	Pair Corr

Related Correlations Analysis

	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT
IMMX		0.43	0.63	0.75	0.21	-0.07	0.01	0.19	-0.07	-0.23	IMMX
CNSP	0.43		0.6	0.42	-0.38	-0.16	-0.08	0.58	0.57	-0.59	CNSP
HEPA	0.63	0.6		0.54	-0.1	-0.14	0.05	0.29	0.24	-0.35	HEPA
FRLN	0.75	0.42	0.54		0.12	-0.52	-0.43	0.09	-0.15	-0.42	FRLN
AVRO	0.21	-0.38	-0.1	0.12		0.16	0.31	-0.58	-0.83	0.7	AVRO
DAWN	-0.07	-0.16	-0.14	-0.52	0.16		0.73	0.19	0.11	0.34	DAWN
ABOS	0.01	-0.08	0.05	-0.43	0.31	0.73		0.14	0.07	0.39	ABOS
XFOR	0.19	0.58	0.29	0.09	-0.58	0.19	0.14		0.82	-0.76	XFOR
INZY	-0.07	0.57	0.24	-0.15	-0.83	0.11	0.07	0.82		-0.69	INZY
VECT	-0.23	-0.59	-0.35	-0.42	0.7	0.34	0.39	-0.76	-0.69		VECT
	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT

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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

INZY	+ 0.82	XFOR
FRLN	+ 0.75	IMMX
ABOS	+ 0.73	DAWN
VECT	+ 0.7	AVRO
HEPA	+ 0.63	IMMX
HEPA	+ 0.6	CNSP

High negative correlations

INZY	- 0.83	AVRO
VECT	- 0.76	XFOR
VECT	- 0.69	INZY
VECT	- 0.59	CNSP
XFOR	- 0.58	AVRO
DAWN	- 0.52	FRLN

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
IMMX	4.35	(0.06)	(0.01)	0.07	4.54	(5.61)	9.38	(8.22)	32.68
CNSP	4.45	(0.36)	0.00	(0.28)	0.00	0.00	9.09	(8.33)	39.29
HEPA	3.85	(0.42)	0.00	(0.13)	0.00	0.00	8.06	(8.11)	33.54
FRLN	5.90	0.06	0.00	0.07	0.00	0.00	14.23	(13.11)	72.38
AVRO	1.77	0.06	0.01	0.21	1.89	(2.24)	4.11	(3.17)	14.20
DAWN	2.03	(0.05)	(0.03)	0.05	2.73	(1.91)	3.84	(3.69)	11.44
ABOS	3.58	(0.48)	0.00	(0.06)	0.00	0.00	7.52	(6.78)	28.07
XFOR	5.11	(0.54)	0.00	(0.26)	0.00	0.00	8.82	(10.61)	62.35
INZY	2.78	(1.17)	0.00	(0.60)	0.00	0.00	5.07	(7.92)	16.62
VECT	2.63	1.16	0.54	(2.61)	0.88	(3.64)	5.61	(3.08)	39.30

Annexon Corporate Management

Shikhar MBA	Senior Commercial	Profile
Arnon Rosenthal	Founder	Profile
Michael MBA	Executive Officer	Profile
Mirella Toro	Sec	Profile
Ted Yednock	Chief VP	Profile
HenkAndre MD	Senior Medicine	Profile

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