Argenx NV Correlations

ARGX Stock

USD 605.66 0.26 0.04%

The current 90-days correlation between argenx NV ADR and Seagen Inc is -0.17 (i.e., Good diversification). The correlation of Argenx NV 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.

Argenx NV Correlation With Market

Good diversification

The correlation between argenx NV ADR and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding argenx NV ADR 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 argenx NV ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Argenx Stock

0.74	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.79	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.7	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Argenx Stock

0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	MTEM	Molecular Templates	Pair Corr
0.82	AGL	agilon health Buyout Trend	Pair Corr
0.79	TPST	Tempest Therapeutics	Pair Corr
0.76	ME	23Andme Holding	Pair Corr
0.75	NKTX	Nkarta Inc	Pair Corr
0.73	IPSC	Century Therapeutics	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.71	VALN	Valneva SE ADR	Pair Corr
0.71	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.67	TCHH	Trustcash Holdings	Pair Corr
0.55	A	Agilent Technologies	Pair Corr
0.49	CYRX	Cryoport	Pair Corr
0.48	BACK	IMAC Holdings	Pair Corr
0.38	EQ	Equillium	Pair Corr
0.85	EC	Ecopetrol SA ADR	Pair Corr
0.85	HYMTF	Hyundai Motor	Pair Corr
0.83	KO	Coca Cola Aggressive Push	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.38	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	ISEE	BPMC	AMLX	KRTX	DAWN	MRTX	TERN	APLS	LEGN	ZLAB
ISEE		-0.01	0.75	0.53	0.27	-0.57	-0.34	-0.89	-0.85	0.76	ISEE
BPMC	-0.01		0.29	-0.6	0.32	-0.16	-0.25	0.09	-0.11	0.02	BPMC
AMLX	0.75	0.29		0.11	0.56	-0.68	-0.62	-0.7	-0.85	0.9	AMLX
KRTX	0.53	-0.6	0.11		0.16	-0.04	0.21	-0.55	-0.26	0.35	KRTX
DAWN	0.27	0.32	0.56	0.16		-0.09	-0.05	-0.2	-0.36	0.5	DAWN
MRTX	-0.57	-0.16	-0.68	-0.04	-0.09		0.83	0.74	0.64	-0.71	MRTX
TERN	-0.34	-0.25	-0.62	0.21	-0.05	0.83		0.52	0.47	-0.59	TERN
APLS	-0.89	0.09	-0.7	-0.55	-0.2	0.74	0.52		0.75	-0.81	APLS
LEGN	-0.85	-0.11	-0.85	-0.26	-0.36	0.64	0.47	0.75		-0.74	LEGN
ZLAB	0.76	0.02	0.9	0.35	0.5	-0.71	-0.59	-0.81	-0.74		ZLAB
	ISEE	BPMC	AMLX	KRTX	DAWN	MRTX	TERN	APLS	LEGN	ZLAB

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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

ZLAB	+ 0.9	AMLX
TERN	+ 0.83	MRTX
ZLAB	+ 0.76	ISEE
AMLX	+ 0.75	ISEE
LEGN	+ 0.75	APLS
APLS	+ 0.74	MRTX

High negative correlations

APLS	- 0.89	ISEE
LEGN	- 0.85	AMLX
LEGN	- 0.85	ISEE
ZLAB	- 0.81	APLS
ZLAB	- 0.74	LEGN
ZLAB	- 0.71	MRTX

Risk-Adjusted Indicators

There is a big difference between Argenx Stock performing well and Argenx NV 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 Argenx NV'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
ISEE	1.24	0.63	0.43	4.57	0.25	(1.44)	2.45	(1.52)	18.29
BPMC	1.84	(0.12)	(0.03)	0.03	2.61	(1.73)	4.90	(3.62)	14.28
AMLX	4.24	1.32	0.27	1.26	4.02	(4.93)	10.06	(6.13)	33.56
KRTX	1.44	0.08	(0.04)	(0.15)	1.67	(1.46)	3.38	(2.71)	10.01
DAWN	2.10	(0.08)	(0.03)	0.03	2.72	(2.01)	3.84	(3.69)	11.44
MRTX	2.24	(0.36)	0.00	0.84	0.00	0.00	4.02	(4.07)	16.13
TERN	3.37	(0.50)	0.00	(0.29)	0.00	0.00	5.68	(5.96)	34.09
APLS	2.39	(0.40)	0.00	(0.45)	0.00	0.00	4.31	(5.17)	15.97
LEGN	2.28	(0.55)	0.00	(0.74)	0.00	0.00	4.29	(5.82)	17.18
ZLAB	2.87	0.60	0.13	0.95	3.50	(2.96)	6.26	(5.73)	25.60

Argenx NV Corporate Management

Karen Massey	Chief Officer	Profile
Beth DelGiacco	VP Relations	Profile
EMBA MBA	CEO Director	Profile
Filip Borgions	VP Operations	Profile
Arjen MSc	Vice Strategy	Profile
Karl Gubitz	Chief Officer	Profile
Luc Truyen	Chief Officer	Profile

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