Annexon Correlations

ANNX Stock

USD 4.04 0.08 1.94%

The current 90-days correlation between Annexon and Amylyx Pharmaceuticals is 0.02 (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.

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

0.74	JNJ	Johnson Johnson	Pair Corr
0.93	INZY	Inozyme Pharma	Pair Corr
0.68	LPTX	Leap Therapeutics	Pair Corr
0.87	MREO	Mereo BioPharma Group	Pair Corr
0.88	NKTX	Nkarta Inc	Pair Corr
0.93	PDSB	PDS Biotechnology Corp	Pair Corr
0.68	PLRX	Pliant Therapeutics	Pair Corr
0.73	ABBV	AbbVie Inc Earnings Call Today	Pair Corr
0.91	ABOS	Acumen Pharmaceuticals	Pair Corr
0.79	ADAP	Adaptimmune Therapeutics	Pair Corr
0.82	AFMD	Affimed NV	Pair Corr
0.81	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.75	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.89	APTO	Aptose Biosciences	Pair Corr
0.64	STOK	Stoke Therapeutics	Pair Corr
0.76	BDTX	Black Diamond Therap	Pair Corr
0.75	TERN	Terns Pharmaceuticals Buyout Trend	Pair Corr
0.66	CRVS	Corvus Pharmaceuticals	Pair Corr
0.82	DAWN	Day One Biopharmaceu	Pair Corr
0.89	ACET	Adicet Bio	Pair Corr
0.7	SHG	Shinhan Financial Earnings Call This Week	Pair Corr

Moving against Annexon Stock

0.65	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.59	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.35	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.34	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.54	BPMC	Blueprint Medicines Corp Sell-off Trend	Pair Corr
0.52	PTCT	PTC Therapeutics	Pair Corr
0.9	FNMFO	Federal National Mortgage	Pair Corr
0.74	AVAL	Grupo Aval	Pair Corr
0.73	MNPR	Monopar Therapeutics	Pair Corr
0.58	TGNA	Tegna Inc	Pair Corr
0.57	CIB	Bancolombia SA ADR	Pair Corr
0.55	ITCL	Banco Ita Chile	Pair Corr
0.5	DNOW	Now Inc	Pair Corr

Related Correlations Analysis

	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT
IMMX		-0.45	-0.3	-0.63	0.25	-0.57	-0.64	0.41	-0.48	0.65	IMMX
CNSP	-0.45		0.56	0.2	-0.18	0.39	0.47	-0.13	0.57	-0.46	CNSP
HEPA	-0.3	0.56		-0.17	-0.68	0.55	0.68	-0.26	0.73	-0.68	HEPA
FRLN	-0.63	0.2	-0.17		0.12	0.38	0.42	-0.2	0.27	-0.42	FRLN
AVRO	0.25	-0.18	-0.68	0.12		-0.6	-0.62	0.38	-0.56	0.7	AVRO
DAWN	-0.57	0.39	0.55	0.38	-0.6		0.91	-0.2	0.76	-0.81	DAWN
ABOS	-0.64	0.47	0.68	0.42	-0.62	0.91		-0.24	0.85	-0.89	ABOS
XFOR	0.41	-0.13	-0.26	-0.2	0.38	-0.2	-0.24		0.06	0.54	XFOR
INZY	-0.48	0.57	0.73	0.27	-0.56	0.76	0.85	0.06		-0.72	INZY
VECT	0.65	-0.46	-0.68	-0.42	0.7	-0.81	-0.89	0.54	-0.72		VECT
	IMMX	CNSP	HEPA	FRLN	AVRO	DAWN	ABOS	XFOR	INZY	VECT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ABOS	+ 0.91	DAWN
INZY	+ 0.85	ABOS
INZY	+ 0.76	DAWN
INZY	+ 0.73	HEPA
VECT	+ 0.7	AVRO
ABOS	+ 0.68	HEPA

High negative correlations

VECT	- 0.89	ABOS
VECT	- 0.81	DAWN
VECT	- 0.72	INZY
VECT	- 0.68	HEPA
AVRO	- 0.68	HEPA
ABOS	- 0.64	IMMX

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	4.46	0.48	0.07	9.93	4.75	(5.24)	9.38	(8.19)	33.17
CNSP	4.37	(0.32)	0.00	0.38	0.00	0.00	10.00	(9.09)	24.15
HEPA	6.76	(1.22)	0.00	(3.05)	0.00	0.00	9.30	(10.53)	86.86
FRLN	5.90	0.05	0.00	0.06	0.00	0.00	14.23	(13.11)	72.38
AVRO	1.77	0.12	0.02	0.56	1.89	(2.24)	4.11	(3.17)	14.20
DAWN	1.94	(0.16)	0.00	(0.35)	0.00	0.00	4.00	(3.46)	11.05
ABOS	3.41	(0.84)	0.00	(0.79)	0.00	0.00	7.36	(7.10)	24.44
XFOR	8.67	1.66	0.10	(0.86)	10.83	(12.10)	32.50	(13.51)	67.48
INZY	4.18	(1.67)	0.00	(5.68)	0.00	0.00	6.82	(8.75)	38.13
VECT	2.63	1.11	0.56	41.51	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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC