Assembly Biosciences Correlations

ASMB Stock

USD 28.01 0.39 1.41%

The current 90-days correlation between Assembly Biosciences and Zura Bio Limited is 0.22 (i.e., Modest diversification). The correlation of Assembly Biosciences 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.

Assembly Biosciences Correlation With Market

Very good diversification

The correlation between Assembly Biosciences and DJI is -0.34 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assembly Biosciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Assembly Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Assembly Biosciences. 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 information on how to trade Assembly Stock refer to our How to Trade Assembly Stock guide.

Moving together with Assembly Stock

0.67	TVTX	Travere Therapeutics	Pair Corr
0.75	CNTA	Centessa Pharmaceuticals	Pair Corr

Moving against Assembly Stock

0.71	RCKT	Rocket Pharmaceuticals	Pair Corr
0.51	SLS	Sellas Life Sciences Downward Rally	Pair Corr
0.51	KRRO	Frequency Therapeutics	Pair Corr
0.44	CGON	CG Oncology Common	Pair Corr
0.36	ZLAB	Zai Lab	Pair Corr
0.33	SGMO	Sangamo Therapeutics	Pair Corr
0.74	BA	Boeing Earnings Call This Week	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.61	KMFG	KMFG	Pair Corr
0.57	INTC	Intel Earnings Call This Week	Pair Corr
0.44	BAC-PL	Bank of America	Pair Corr
0.4	AEM	Agnico Eagle Mines	Pair Corr
0.38	WFC-PL	Wells Fargo	Pair Corr
0.38	USAS	Americas Silver Corp Trending	Pair Corr

Related Correlations Analysis

	ZURA	FHTX	IMRX	SGMT	ENTA	AARD	NAUT	ARCT	PYXS	TNYA
ZURA		0.81	-0.42	-0.52	0.35	0.67	0.41	-0.34	-0.73	-0.75	ZURA
FHTX	0.81		-0.49	-0.55	0.44	0.67	0.52	-0.38	-0.67	-0.77	FHTX
IMRX	-0.42	-0.49		0.24	0.07	-0.66	0.11	-0.16	0.46	0.34	IMRX
SGMT	-0.52	-0.55	0.24		-0.79	-0.67	-0.61	0.47	0.56	0.77	SGMT
ENTA	0.35	0.44	0.07	-0.79		0.48	0.6	-0.54	-0.39	-0.65	ENTA
AARD	0.67	0.67	-0.66	-0.67	0.48		0.25	-0.13	-0.69	-0.65	AARD
NAUT	0.41	0.52	0.11	-0.61	0.6	0.25		-0.68	-0.08	-0.54	NAUT
ARCT	-0.34	-0.38	-0.16	0.47	-0.54	-0.13	-0.68		0.14	0.61	ARCT
PYXS	-0.73	-0.67	0.46	0.56	-0.39	-0.69	-0.08	0.14		0.73	PYXS
TNYA	-0.75	-0.77	0.34	0.77	-0.65	-0.65	-0.54	0.61	0.73		TNYA
	ZURA	FHTX	IMRX	SGMT	ENTA	AARD	NAUT	ARCT	PYXS	TNYA

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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

FHTX	+ 0.81	ZURA
TNYA	+ 0.77	SGMT
TNYA	+ 0.73	PYXS
AARD	+ 0.67	ZURA
AARD	+ 0.67	FHTX
TNYA	+ 0.61	ARCT

High negative correlations

ENTA	- 0.79	SGMT
TNYA	- 0.77	FHTX
TNYA	- 0.75	ZURA
PYXS	- 0.73	ZURA
PYXS	- 0.69	AARD
ARCT	- 0.68	NAUT

Risk-Adjusted Indicators

There is a big difference between Assembly Stock performing well and Assembly Biosciences 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 Assembly Biosciences' 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
ZURA	4.00	0.96	0.21	0.48	4.04	(4.70)	9.82	(6.25)	28.57
FHTX	4.03	0.60	0.13	0.44	4.29	(4.74)	9.16	(5.56)	31.12
IMRX	4.14	0.26	0.02	(1.29)	8.71	(4.16)	8.12	(7.44)	67.18
SGMT	3.29	(0.39)	0.00	(0.12)	0.00	0.00	6.08	(7.51)	36.94
ENTA	2.50	0.26	0.07	1.14	2.69	(2.85)	5.67	(4.04)	15.79
AARD	3.92	0.24	0.08	0.15	4.38	(4.13)	9.25	(8.28)	36.39
NAUT	5.96	1.30	0.18	(26.18)	5.59	(8.56)	16.32	(12.00)	53.15
ARCT	4.17	(1.43)	0.00	(0.38)	0.00	0.00	6.53	(7.02)	57.84
PYXS	6.03	(0.75)	0.00	(0.35)	0.00	0.00	17.05	(15.41)	70.66
TNYA	4.65	(1.45)	0.00	(0.35)	0.00	0.00	9.02	(11.04)	51.79

Assembly Biosciences Corporate Management

Nicole White	Chief Officer	Profile
AO FRACP	CEO Director	Profile
Adam Zlotnick	Chief CoFounder	Profile
Amy CFA	Investor Consultant	Profile
Katie Kitrinos	Senior Development	Profile

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