Arcutis Biotherapeutics Correlations

ARQT Stock

USD 13.24 0.43 3.15%

The current 90-days correlation between Arcutis Biotherapeutics and Icosavax is -0.03 (i.e., Good diversification). The correlation of Arcutis Biotherapeutics 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.

Arcutis Biotherapeutics Correlation With Market

Average diversification

The correlation between Arcutis Biotherapeutics 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 Arcutis Biotherapeutics 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 Arcutis Biotherapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

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

Moving together with Arcutis Stock

0.77

ALTS

ALT5 Sigma Symbol Change

Pair Corr

Moving against Arcutis Stock

0.89	PNTG	Pennant Group	Pair Corr
0.88	UPC	Universe Pharmaceuticals	Pair Corr
0.88	ENSG	Ensign Group	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.87	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.86	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.76	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.73	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.65	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.62	NHC	National HealthCare	Pair Corr
0.55	EHC	Encompass Health Corp Earnings Call This Week	Pair Corr
0.48	SNOA	Sonoma Pharmaceuticals Earnings Call This Week	Pair Corr
0.45	ABBV	AbbVie Inc Buyout Trend	Pair Corr
0.38	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.78	301301	Yili Chuanning Biote	Pair Corr
0.61	688739	Liaoning Chengda Bio	Pair Corr
0.58	688639	Anhui Huaheng Biotec	Pair Corr
0.52	906548CR1	US906548CR12	Pair Corr
0.42	300439	Ningbo MedicalSystem	Pair Corr
0.4	688670	Jiangsu GDK Biotechnology	Pair Corr
0.36	300871	Wuhan Hvsen Biotechnology	Pair Corr
0.34	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TERN	AMLX	ABOS	INZY	XFOR	ICVX	MIRM	VECT	DAWN	MRTX
TERN		0.76	0.78	0.85	0.01	-0.48	-0.65	-0.64	0.76	0.57	TERN
AMLX	0.76		0.91	0.71	-0.35	-0.62	-0.35	-0.87	0.9	0.75	AMLX
ABOS	0.78	0.91		0.85	-0.24	-0.81	-0.52	-0.89	0.91	0.73	ABOS
INZY	0.85	0.71	0.85		0.06	-0.74	-0.81	-0.72	0.76	0.58	INZY
XFOR	0.01	-0.35	-0.24	0.06		0.22	-0.29	0.54	-0.2	-0.46	XFOR
ICVX	-0.48	-0.62	-0.81	-0.74	0.22		0.51	0.76	-0.73	-0.59	ICVX
MIRM	-0.65	-0.35	-0.52	-0.81	-0.29	0.51		0.38	-0.35	-0.38	MIRM
VECT	-0.64	-0.87	-0.89	-0.72	0.54	0.76	0.38		-0.81	-0.75	VECT
DAWN	0.76	0.9	0.91	0.76	-0.2	-0.73	-0.35	-0.81		0.64	DAWN
MRTX	0.57	0.75	0.73	0.58	-0.46	-0.59	-0.38	-0.75	0.64		MRTX
	TERN	AMLX	ABOS	INZY	XFOR	ICVX	MIRM	VECT	DAWN	MRTX

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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

ABOS	+ 0.91	AMLX
DAWN	+ 0.91	ABOS
DAWN	+ 0.9	AMLX
INZY	+ 0.85	TERN
INZY	+ 0.85	ABOS
ABOS	+ 0.78	TERN

High negative correlations

VECT	- 0.89	ABOS
VECT	- 0.87	AMLX
DAWN	- 0.81	VECT
MIRM	- 0.81	INZY
ICVX	- 0.81	ABOS
MRTX	- 0.75	VECT

Risk-Adjusted Indicators

There is a big difference between Arcutis Stock performing well and Arcutis Biotherapeutics 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 Arcutis Biotherapeutics' 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
TERN	3.11	(0.64)	0.00	1.10	0.00	0.00	5.17	(6.75)	26.61
AMLX	3.80	(0.50)	0.00	(0.37)	0.00	0.00	7.40	(8.97)	20.49
ABOS	3.41	(0.84)	0.00	(0.79)	0.00	0.00	7.36	(7.10)	24.44
INZY	4.18	(1.67)	0.00	(5.68)	0.00	0.00	6.82	(8.75)	38.13
XFOR	8.67	1.66	0.10	(0.86)	10.83	(12.10)	32.50	(13.51)	67.48
ICVX	4.87	0.93	0.18	1.12	4.56	(5.67)	10.22	(6.79)	38.57
MIRM	1.83	0.26	0.11	0.43	2.00	(2.05)	5.04	(3.05)	12.25
VECT	2.63	1.11	0.56	41.51	0.88	(3.64)	5.61	(3.08)	39.30
DAWN	1.94	(0.16)	0.00	(0.35)	0.00	0.00	4.00	(3.46)	11.05
MRTX	2.24	(0.40)	0.00	1.31	0.00	0.00	4.02	(4.07)	16.13

Arcutis Biotherapeutics Corporate Management

JD Esq	General VP	Profile
Patricia Turney	VP Operations	Profile
Todd Edwards	Executive Officer	Profile
Eric McIntyre	Head Relations	Profile
Ayisha Jeter	Head Access	Profile
David Osborne	Chief Officer	Profile
Bethany Dudek	Chief Officer	Profile

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