Annexon Correlations

ANNX Stock

USD 4.69 0.33 6.57%

The current 90-days correlation between Annexon and DBV Technologies is 0.28 (i.e., Modest 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

Significant diversification

The correlation between Annexon and DJI is 0.08 (i.e., Significant 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 employment.

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

Moving together with Annexon Stock

0.89	FTV	Fortive Corp	Pair Corr
0.65	AXP	American Express	Pair Corr
0.65	CAT	Caterpillar	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.64	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.78	CSCO	Cisco Systems	Pair Corr
0.89	MRK	Merck Company	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.73	MCD	McDonalds	Pair Corr

Moving against Annexon Stock

0.79	MSFT	Microsoft	Pair Corr
0.74	HD	Home Depot	Pair Corr
0.69	PG	Procter Gamble	Pair Corr
0.64	HPQ	HP Inc	Pair Corr
0.53	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	DBVT	LRMR	ALT	KRRO	ENGN	LBRX	AURA	KYTX	ACIU	DMAC
DBVT		0.12	0.04	-0.31	0.51	0.71	0.04	0.58	-0.14	0.47	DBVT
LRMR	0.12		-0.3	0.61	0.14	-0.11	0.34	-0.12	0.36	-0.09	LRMR
ALT	0.04	-0.3		-0.6	0.07	0.3	0.48	0.27	-0.52	0.68	ALT
KRRO	-0.31	0.61	-0.6		-0.24	-0.63	0.07	-0.58	0.48	-0.66	KRRO
ENGN	0.51	0.14	0.07	-0.24		0.48	0.19	0.44	-0.23	0.38	ENGN
LBRX	0.71	-0.11	0.3	-0.63	0.48		0.23	0.72	-0.35	0.77	LBRX
AURA	0.04	0.34	0.48	0.07	0.19	0.23		0.1	-0.18	0.51	AURA
KYTX	0.58	-0.12	0.27	-0.58	0.44	0.72	0.1		-0.14	0.6	KYTX
ACIU	-0.14	0.36	-0.52	0.48	-0.23	-0.35	-0.18	-0.14		-0.46	ACIU
DMAC	0.47	-0.09	0.68	-0.66	0.38	0.77	0.51	0.6	-0.46		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

DMAC	+ 0.77	LBRX
KYTX	+ 0.72	LBRX
LBRX	+ 0.71	DBVT
DMAC	+ 0.68	ALT
KRRO	+ 0.61	LRMR
DMAC	+ 0.6	KYTX

High negative correlations

DMAC	- 0.66	KRRO
LBRX	- 0.63	KRRO
KRRO	- 0.6	ALT
KYTX	- 0.58	KRRO
ACIU	- 0.52	ALT
DMAC	- 0.46	ACIU

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	4.33	1.15	0.30	3.25	3.21	(5.84)	16.55	(5.48)	36.36
LRMR	4.25	0.22	0.04	0.24	5.03	(4.54)	9.59	(8.39)	43.75
ALT	2.89	(0.07)	0.00	(0.02)	0.00	0.00	7.06	(4.73)	33.75
KRRO	5.93	(1.69)	0.00	(0.22)	0.00	0.00	12.19	(10.00)	91.55
ENGN	5.94	0.50	0.09	0.25	6.31	(8.17)	14.00	(8.90)	61.40
LBRX	3.41	0.48	0.12	53.47	3.18	(4.21)	7.62	(5.63)	20.98
AURA	2.46	(0.32)	0.00	(0.08)	0.00	0.00	4.65	(5.91)	18.08
KYTX	6.37	0.77	0.11	0.28	7.87	(7.14)	13.12	(9.60)	65.24
ACIU	3.91	(0.11)	0.00	0.02	5.13	(4.10)	9.84	(8.63)	27.64
DMAC	3.12	0.17	0.06	0.13	4.08	(3.43)	7.64	(6.28)	20.54

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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