Concert Pharmaceuticals Correlations
| CNCEDelisted Stock | USD 8.37 0.01 0.12% |
The current 90-days correlation between Concert Pharmaceuticals and Weyco Group is 0.09 (i.e., Significant diversification). The correlation of Concert 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.
Concert Pharmaceuticals Correlation With Market
Modest diversification
The correlation between Concert Pharmaceuticals and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concert Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Concert |
Moving together with Concert Stock
| 0.93 | SSNLF | Samsung Electronics | PairCorr |
| 0.89 | PTAIF | PT Astra International | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.73 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.77 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.79 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.93 | CSCO | Cisco Systems Aggressive Push | PairCorr |
Moving against Concert Stock
| 0.91 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.81 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.81 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.77 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.77 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.75 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.59 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.42 | PTAIY | Astra International Tbk | PairCorr |
| 0.4 | PBCRY | Bank Central Asia | PairCorr |
| 0.34 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.0 | 0.81 | -0.52 | 0.47 | 0.83 | 0.52 | WEYS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TOWTF | ||
| 0.81 | 0.0 | -0.46 | 0.45 | 0.7 | 0.52 | DIN | ||
| -0.52 | 0.0 | -0.46 | -0.57 | -0.76 | -0.17 | HPP | ||
| 0.47 | 0.0 | 0.45 | -0.57 | 0.63 | 0.19 | SMIZF | ||
| 0.83 | 0.0 | 0.7 | -0.76 | 0.63 | 0.45 | PLYA | ||
| 0.52 | 0.0 | 0.52 | -0.17 | 0.19 | 0.45 | PK | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Concert Stock performing well and Concert 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 Concert 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WEYS | 1.81 | (0.16) | 0.00 | 0.05 | 2.21 | 2.82 | 25.17 | |||
| TOWTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DIN | 2.61 | (0.02) | 0.04 | 0.11 | 2.83 | 4.71 | 19.97 | |||
| HPP | 2.93 | (0.65) | 0.00 | (0.31) | 0.00 | 6.35 | 16.57 | |||
| SMIZF | 0.48 | 0.16 | 0.00 | (13.57) | 0.00 | 0.00 | 17.60 | |||
| PLYA | 1.33 | 0.20 | 0.15 | 0.27 | 1.13 | 3.23 | 9.17 | |||
| PK | 1.35 | (0.07) | (0.01) | 0.07 | 1.57 | 2.99 | 10.98 |
Concert Pharmaceuticals Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Concert Pharmaceuticals stock to make a market-neutral strategy. Peer analysis of Concert Pharmaceuticals could also be used in its relative valuation, which is a method of valuing Concert Pharmaceuticals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Concert Pharmaceuticals Corporate Management
| Justine Koenigsberg | VP of Corporate Communications and Investor Relations | Profile | |
| Nancy Stuart | Chief Officer | Profile | |
| Marc Becker | Chief Officer | Profile | |
| Jeffrey Munsie | Chief Sec | Profile | |
| Nabil PharmD | VP Devel | Profile |
Still Interested in Concert Pharmaceuticals?
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