Chimerix Correlations

CMRX Stock

USD 4.10 0.04 0.99%

The current 90-days correlation between Chimerix and Instil Bio is -0.12 (i.e., Good diversification). The correlation of Chimerix 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.

Chimerix Correlation With Market

Good diversification

The correlation between Chimerix and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chimerix 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 Chimerix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Chimerix Stock

0.84	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.72	FNMFO	Federal National Mortgage	Pair Corr
0.61	AVAL	Grupo Aval	Pair Corr

Moving against Chimerix Stock

0.85	KRYS	Krystal Biotech	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr
0.77	PDSB	PDS Biotechnology Corp	Pair Corr
0.66	INZY	Inozyme Pharma	Pair Corr
0.66	NKTX	Nkarta Inc	Pair Corr
0.65	MREO	Mereo BioPharma Group	Pair Corr
0.42	LPTX	Leap Therapeutics	Pair Corr
0.4	MRK	Merck Company Earnings Call This Week	Pair Corr
0.39	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.91	AFMD	Affimed NV	Pair Corr
0.9	CRVS	Corvus Pharmaceuticals	Pair Corr
0.89	AGIO	Agios Pharm	Pair Corr
0.88	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.83	ABOS	Acumen Pharmaceuticals	Pair Corr
0.74	TERN	Terns Pharmaceuticals Downward Rally	Pair Corr
0.73	ADAP	Adaptimmune Therapeutics	Pair Corr
0.71	STOK	Stoke Therapeutics	Pair Corr
0.69	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.67	PLRX	Pliant Therapeutics	Pair Corr
0.65	BDTX	Black Diamond Therap	Pair Corr
0.52	APTO	Aptose Biosciences	Pair Corr
0.46	SGMO	Sangamo Therapeutics	Pair Corr
0.35	ABBV	AbbVie Inc Earnings Call Tomorrow	Pair Corr
0.85	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.85	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.76	DAWN	Day One Biopharmaceu	Pair Corr
0.74	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.66	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.64	ACET	Adicet Bio	Pair Corr
0.31	BAC-PL	Bank of America	Pair Corr

Related Correlations Analysis

	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	DAWN	XFOR	MREO
ASMB		0.72	-0.23	0.56	0.43	0.43	0.56	0.56	0.01	0.74	ASMB
SPRO	0.72		-0.58	0.76	0.6	0.35	0.92	0.85	-0.22	0.86	SPRO
ACHL	-0.23	-0.58		-0.5	-0.15	-0.44	-0.68	-0.54	0.16	-0.55	ACHL
TIL	0.56	0.76	-0.5		0.34	0.14	0.84	0.83	-0.39	0.66	TIL
NLTX	0.43	0.6	-0.15	0.34		-0.11	0.57	0.48	-0.37	0.45	NLTX
CTMX	0.43	0.35	-0.44	0.14	-0.11		0.2	0.22	0.29	0.46	CTMX
NXTC	0.56	0.92	-0.68	0.84	0.57	0.2		0.85	-0.43	0.76	NXTC
DAWN	0.56	0.85	-0.54	0.83	0.48	0.22	0.85		-0.2	0.75	DAWN
XFOR	0.01	-0.22	0.16	-0.39	-0.37	0.29	-0.43	-0.2		0.09	XFOR
MREO	0.74	0.86	-0.55	0.66	0.45	0.46	0.76	0.75	0.09		MREO
	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	DAWN	XFOR	MREO

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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

NXTC	+ 0.92	SPRO
MREO	+ 0.86	SPRO
DAWN	+ 0.85	SPRO
DAWN	+ 0.85	NXTC
NXTC	+ 0.84	TIL
DAWN	+ 0.83	TIL

High negative correlations

NXTC	- 0.68	ACHL
ACHL	- 0.58	SPRO
MREO	- 0.55	ACHL
DAWN	- 0.54	ACHL
TIL	- 0.5	ACHL
CTMX	- 0.44	ACHL

Risk-Adjusted Indicators

There is a big difference between Chimerix Stock performing well and Chimerix 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 Chimerix'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
ASMB	2.83	(0.26)	0.00	(0.28)	0.00	0.00	5.74	(5.39)	24.82
SPRO	2.49	(0.58)	0.00	(0.86)	0.00	0.00	5.56	(4.76)	17.35
ACHL	1.39	0.22	0.08	1.30	1.25	(2.32)	2.59	(2.86)	19.72
TIL	5.69	(0.15)	0.00	(0.04)	0.00	0.00	14.68	(9.64)	26.56
NLTX	2.25	(0.19)	0.00	(1.03)	0.00	0.00	4.05	(3.53)	27.84
CTMX	3.53	(0.42)	0.00	(0.26)	0.00	0.00	6.78	(9.00)	23.37
NXTC	3.01	(0.83)	0.00	(0.58)	0.00	0.00	6.74	(7.45)	24.13
DAWN	1.94	(0.20)	0.00	(0.14)	0.00	0.00	4.00	(3.46)	11.05
XFOR	8.57	1.76	0.11	(1.02)	10.68	(12.10)	32.50	(13.51)	67.48
MREO	2.94	(0.56)	0.00	(0.53)	0.00	0.00	6.16	(7.59)	20.77

Chimerix Corporate Management

MD MBA	Chief Officer	Profile
David CPA	Exec Officer	Profile
Joshua Allen	Chief Imipridones	Profile
Dr MBA	Chief Officer	Profile
Pablo MD	Head Affairs	Profile

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