Cabaletta Bio Correlations

CABA Stock

USD 2.20 0.12 5.77%

The current 90-days correlation between Cabaletta Bio and Editas Medicine is 0.2 (i.e., Modest diversification). The correlation of Cabaletta Bio 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.

Cabaletta Bio Correlation With Market

Average diversification

The correlation between Cabaletta Bio 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 Cabaletta Bio and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cabaletta Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cabaletta Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Cabaletta Stock refer to our How to Trade Cabaletta Stock guide.

Moving together with Cabaletta Stock

0.62	RAC	Race Oncology	Pair Corr
0.63	VANI	Vivani Medical	Pair Corr
0.71	DRMA	Dermata Therapeutics	Pair Corr
0.75	DTIL	Precision BioSciences	Pair Corr
0.66	VINC	Vincerx Pharma Common	Pair Corr
0.71	VIVS	VivoSim Labs Symbol Change	Pair Corr
0.65	DYAI	Dyadic International	Pair Corr
0.73	VRAX	Virax Biolabs Group	Pair Corr
0.66	CDTTW	Conduit Pharmaceuticals	Pair Corr

Moving against Cabaletta Stock

0.54	VCYT	Veracyte	Pair Corr
0.51	VERA	Vera Therapeutics	Pair Corr
0.51	DRUG	Bright Minds Biosciences	Pair Corr
0.49	DNTH	Dianthus Therapeutics	Pair Corr
0.47	VCEL	Vericel Corp Ord	Pair Corr
0.41	DMAC	DiaMedica Therapeutics	Pair Corr
0.64	DVAX	Dynavax Technologies	Pair Corr
0.61	0P6S	Bayer AG NA	Pair Corr
0.6	DSGN	Design Therapeutics	Pair Corr
0.49	DRTS	Alpha Tau Medical	Pair Corr
0.74	VTVT	vTv Therapeutics	Pair Corr
0.68	VRDN	Viridian Therapeutics	Pair Corr
0.57	VRTX	Vertex Pharmaceuticals	Pair Corr
0.54	VNDA	Vanda Pharmaceuticals	Pair Corr

Related Correlations Analysis

	EDIT	ALLO	CAPR	KYTX	LYEL	AVIR	PRQR	IMMP	LXEO	HUMA
EDIT		-0.54	-0.6	-0.48	-0.57	-0.33	0.87	-0.48	-0.04	0.92	EDIT
ALLO	-0.54		0.72	0.62	0.59	0.32	-0.59	0.69	0.01	-0.51	ALLO
CAPR	-0.6	0.72		0.72	0.86	0.5	-0.5	0.8	0.25	-0.65	CAPR
KYTX	-0.48	0.62	0.72		0.7	0.52	-0.37	0.7	0.28	-0.55	KYTX
LYEL	-0.57	0.59	0.86	0.7		0.34	-0.37	0.71	0.49	-0.64	LYEL
AVIR	-0.33	0.32	0.5	0.52	0.34		-0.3	0.72	0.03	-0.33	AVIR
PRQR	0.87	-0.59	-0.5	-0.37	-0.37	-0.3		-0.44	0.29	0.86	PRQR
IMMP	-0.48	0.69	0.8	0.7	0.71	0.72	-0.44		0.18	-0.53	IMMP
LXEO	-0.04	0.01	0.25	0.28	0.49	0.03	0.29	0.18		-0.08	LXEO
HUMA	0.92	-0.51	-0.65	-0.55	-0.64	-0.33	0.86	-0.53	-0.08		HUMA
	EDIT	ALLO	CAPR	KYTX	LYEL	AVIR	PRQR	IMMP	LXEO	HUMA

Please upgrade your account to get full access to Macroaxis premium features

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

HUMA	+ 0.92	EDIT
PRQR	+ 0.87	EDIT
LYEL	+ 0.86	CAPR
HUMA	+ 0.86	PRQR
IMMP	+ 0.8	CAPR
CAPR	+ 0.72	ALLO

High negative correlations

HUMA	- 0.65	CAPR
HUMA	- 0.64	LYEL
CAPR	- 0.6	EDIT
PRQR	- 0.59	ALLO
LYEL	- 0.57	EDIT
HUMA	- 0.55	KYTX

Risk-Adjusted Indicators

There is a big difference between Cabaletta Stock performing well and Cabaletta Bio 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 Cabaletta Bio'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
EDIT	3.42	(0.91)	0.00	(0.45)	0.00	0.00	7.54	(8.18)	25.73
ALLO	3.50	0.35	0.11	0.27	3.23	(4.97)	9.76	(5.93)	21.23
CAPR	12.34	4.62	0.83	0.61	4.40	(16.13)	11.97	(10.26)	386.29
KYTX	5.94	0.44	0.07	0.29	7.72	(6.59)	13.07	(9.60)	55.75
LYEL	4.28	0.58	0.13	0.71	4.12	(5.55)	12.12	(7.92)	31.14
AVIR	1.93	0.02	0.02	0.11	3.01	(1.99)	4.64	(3.27)	17.80
PRQR	3.74	(0.62)	0.00	(0.34)	0.00	0.00	9.43	(8.02)	25.88
IMMP	3.14	0.52	0.16	0.64	2.82	(3.84)	6.88	(5.41)	31.54
LXEO	3.90	(0.23)	0.00	(0.04)	0.00	0.00	9.24	(8.50)	34.26
HUMA	3.50	(0.85)	0.00	(0.27)	0.00	0.00	6.19	(8.13)	18.85

Cabaletta Bio Corporate Management

PharmD MBA	SVP International	Profile
Samik MD	Chief Officer	Profile
Aimee MD	CoFounder Board	Profile
Arun MD	Chief Officer	Profile
Anup MBA	Chief Officer	Profile
SPHR CCP	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC