Argenx NV Correlations

ARGX Stock

USD 640.52 19.29 2.92%

The current 90-days correlation between argenx NV ADR and Seagen Inc is -0.11 (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

Average diversification

The correlation between argenx NV ADR and DJI is 0.1 (i.e., Average 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

0.73	DMAC	DiaMedica Therapeutics	Pair Corr
0.81	VCEL	Vericel Corp Ord	Pair Corr
0.8	VCYT	Veracyte Potential Growth	Pair Corr
0.88	DRTS	Alpha Tau Medical	Pair Corr
0.64	CDIOW	Cardio Diagnostics	Pair Corr
0.7	SABSW	SAB Biotherapeutics	Pair Corr
0.7	DVAX	Dynavax Technologies	Pair Corr
0.73	DYAI	Dyadic International	Pair Corr
0.73	SRZNW	Surrozen Warrant	Pair Corr
0.88	VRNA	Verona Pharma PLC	Pair Corr
0.74	VSTM	Verastem	Pair Corr

Moving against Argenx Stock

0.88	VINC	Vincerx Pharma	Pair Corr
0.84	VIGL	Vigil Neuroscience	Pair Corr
0.81	DTIL	Precision BioSciences	Pair Corr
0.8	DOMH	Dominari Holdings	Pair Corr
0.75	DRRX	Durect	Pair Corr
0.72	VALN	Valneva SE ADR	Pair Corr
0.72	DNLI	Denali Therapeutics	Pair Corr
0.71	EQ	Equillium	Pair Corr
0.68	ME	23Andme Holding	Pair Corr
0.61	DNTH	Dianthus Therapeutics	Pair Corr
0.33	VIRX	Viracta Therapeutics	Pair Corr
0.87	EDIT	Editas Medicine	Pair Corr
0.84	EDSA	Edesa Biotech	Pair Corr
0.83	VKTX	Viking Therapeutics	Pair Corr
0.77	VRCA	Verrica Pharmaceuticals	Pair Corr
0.74	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.72	VRPX	Virpax Pharmaceuticals	Pair Corr
0.68	VRTX	Vertex Pharmaceuticals	Pair Corr
0.66	VYGR	Voyager Therapeutics	Pair Corr
0.58	ELAN	Elanco Animal Health	Pair Corr

Related Correlations Analysis

	ISEE	BPMC	AMLX	KRTX	DAWN	MRTX	TERN	APLS	LEGN	ZLAB
ISEE		0.58	-0.15	0.53	-0.62	-0.57	-0.67	0.59	-0.77	-0.4	ISEE
BPMC	0.58		0.11	0.36	-0.13	-0.31	-0.33	0.2	-0.31	-0.16	BPMC
AMLX	-0.15	0.11		0.42	0.77	0.69	0.52	-0.17	0.61	0.75	AMLX
KRTX	0.53	0.36	0.42		-0.03	-0.04	0.06	0.56	-0.04	0.16	KRTX
DAWN	-0.62	-0.13	0.77	-0.03		0.85	0.82	-0.44	0.78	0.7	DAWN
MRTX	-0.57	-0.31	0.69	-0.04	0.85		0.74	-0.53	0.67	0.71	MRTX
TERN	-0.67	-0.33	0.52	0.06	0.82	0.74		-0.2	0.72	0.54	TERN
APLS	0.59	0.2	-0.17	0.56	-0.44	-0.53	-0.2		-0.4	-0.22	APLS
LEGN	-0.77	-0.31	0.61	-0.04	0.78	0.67	0.72	-0.4		0.63	LEGN
ZLAB	-0.4	-0.16	0.75	0.16	0.7	0.71	0.54	-0.22	0.63		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

MRTX	+ 0.85	DAWN
TERN	+ 0.82	DAWN
LEGN	+ 0.78	DAWN
DAWN	+ 0.77	AMLX
ZLAB	+ 0.75	AMLX
TERN	+ 0.74	MRTX

High negative correlations

LEGN	- 0.77	ISEE
TERN	- 0.67	ISEE
DAWN	- 0.62	ISEE
MRTX	- 0.57	ISEE
APLS	- 0.53	MRTX
APLS	- 0.44	DAWN

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	0.64	0.51	(9.66)	0.25	(1.44)	2.45	(1.52)	18.29
BPMC	2.09	0.35	0.13	0.42	2.23	(2.27)	5.87	(3.73)	19.12
AMLX	4.38	0.14	0.03	0.17	5.38	(4.42)	9.49	(8.97)	33.56
KRTX	1.44	0.04	0.01	0.79	1.67	(1.46)	3.38	(2.71)	10.01
DAWN	1.84	(0.20)	0.00	(0.18)	0.00	0.00	3.92	(3.46)	11.05
MRTX	2.24	(0.42)	0.00	1.36	0.00	0.00	4.02	(4.07)	16.13
TERN	3.09	(0.76)	0.00	(1.08)	0.00	0.00	5.17	(6.80)	26.61
APLS	2.56	0.18	0.04	0.27	3.79	(2.69)	4.63	(4.71)	27.73
LEGN	2.26	(0.60)	0.00	(7.49)	0.00	0.00	4.27	(6.01)	13.49
ZLAB	2.58	0.14	0.03	(1.86)	3.74	(2.44)	4.29	(6.13)	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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