Aurinia Pharmaceuticals Correlations

AUPH Stock

USD 8.01 0.27 3.49%

The current 90-days correlation between Aurinia Pharmaceuticals and Axsome Therapeutics is 0.11 (i.e., Average diversification). The correlation of Aurinia Pharmaceuticals 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.

Aurinia Pharmaceuticals Correlation With Market

Average diversification

The correlation between Aurinia Pharmaceuticals and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurinia Pharmaceuticals 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 Aurinia Pharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more detail on how to invest in Aurinia Stock please use our How to Invest in Aurinia Pharmaceuticals guide.

Moving together with Aurinia Stock

0.65	GILD	Gilead Sciences	Pair Corr
0.78	MZHOF	Mizuho Financial	Pair Corr
0.67	17298CHT8	US17298CHT80	Pair Corr
0.78	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.69	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.83	WMT	Walmart	Pair Corr

Moving against Aurinia Stock

0.84	SNY	Sanofi ADR	Pair Corr
0.76	NVS	Novartis AG ADR	Pair Corr
0.75	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.71	AMGN	Amgen Inc	Pair Corr
0.68	BIIB	Biogen Inc	Pair Corr
0.65	BKRKY	Bank Rakyat	Pair Corr
0.64	AZN	AstraZeneca PLC ADR	Pair Corr
0.62	PTBRY	Bank Negara Indonesia Earnings Call This Week	Pair Corr
0.61	GSK	GlaxoSmithKline PLC ADR Sell-off Trend	Pair Corr
0.61	PPERY	Bank Mandiri Persero	Pair Corr
0.57	SPRY	Silverback Therapeutics	Pair Corr
0.57	BIAF	bioAffinity Technologies,	Pair Corr
0.53	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.53	PPERF	Bank Mandiri Persero	Pair Corr
0.53	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.5	GRFS	Grifols SA ADR	Pair Corr
0.5	KRRO	Frequency Therapeutics	Pair Corr
0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.35	VMD	Viemed Healthcare	Pair Corr
0.61	KO	Coca Cola Aggressive Push	Pair Corr
0.49	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.32	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	VKTX	AXSM	MDGL	IMGN	MCRB	EXEL	TGTX	BTAI	SRPT	HEPA
VKTX		0.09	-0.44	-0.76	-0.33	-0.55	-0.58	0.86	0.3	0.7	VKTX
AXSM	0.09		0.18	-0.05	-0.12	0.32	0.49	0.04	-0.08	0.39	AXSM
MDGL	-0.44	0.18		0.7	0.15	0.87	0.73	-0.24	-0.28	-0.24	MDGL
IMGN	-0.76	-0.05	0.7		0.31	0.77	0.68	-0.62	-0.16	-0.64	IMGN
MCRB	-0.33	-0.12	0.15	0.31		0.07	0.27	-0.56	0.54	-0.32	MCRB
EXEL	-0.55	0.32	0.87	0.77	0.07		0.76	-0.35	-0.31	-0.32	EXEL
TGTX	-0.58	0.49	0.73	0.68	0.27	0.76		-0.55	-0.22	-0.29	TGTX
BTAI	0.86	0.04	-0.24	-0.62	-0.56	-0.35	-0.55		-0.02	0.68	BTAI
SRPT	0.3	-0.08	-0.28	-0.16	0.54	-0.31	-0.22	-0.02		0.08	SRPT
HEPA	0.7	0.39	-0.24	-0.64	-0.32	-0.32	-0.29	0.68	0.08		HEPA
	VKTX	AXSM	MDGL	IMGN	MCRB	EXEL	TGTX	BTAI	SRPT	HEPA

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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

EXEL	+ 0.87	MDGL
BTAI	+ 0.86	VKTX
EXEL	+ 0.77	IMGN
TGTX	+ 0.76	EXEL
TGTX	+ 0.73	MDGL
HEPA	+ 0.7	VKTX

High negative correlations

IMGN	- 0.76	VKTX
HEPA	- 0.64	IMGN
BTAI	- 0.62	IMGN
TGTX	- 0.58	VKTX
BTAI	- 0.56	MCRB
BTAI	- 0.55	TGTX

Risk-Adjusted Indicators

There is a big difference between Aurinia Stock performing well and Aurinia Pharmaceuticals 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 Aurinia Pharmaceuticals' 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
VKTX	3.33	(0.95)	0.00	(1.11)	0.00	0.00	4.89	(9.14)	39.28
AXSM	2.09	0.13	0.06	0.18	2.00	(2.91)	4.27	(4.17)	16.75
MDGL	2.90	0.56	0.16	0.80	3.01	(3.33)	5.53	(4.66)	33.61
IMGN	5.45	3.05	1.10	(1.42)	1.44	(6.91)	8.32	(4.16)	141.41
MCRB	4.19	(0.01)	0.00	0.01	4.26	(6.04)	10.00	(6.78)	28.84
EXEL	1.64	0.50	0.32	1.97	1.18	(1.97)	4.41	(2.27)	16.74
TGTX	3.38	0.46	0.11	0.56	3.81	(3.75)	7.48	(6.82)	24.51
BTAI	5.54	(0.40)	0.00	17.91	0.00	0.00	9.62	(11.11)	56.57
SRPT	1.84	(0.06)	0.00	(0.14)	0.00	0.00	3.38	(4.19)	18.92
HEPA	4.89	(0.08)	0.00	(0.22)	0.00	0.00	9.33	(8.54)	41.03

Aurinia Pharmaceuticals Corporate Management

Chris Hays	VP Marketing	Profile
Premchandran Ramiya	Senior Chain	Profile
Joseph CPA	Chief Officer	Profile
Ann Daus	Senior Quality	Profile
Andrea Christopher	Head Relations	Profile
Michael Martin	Chief Officer	Profile

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