Cytokinetics Correlations

CYTK Stock

USD 66.26 1.22 1.88%

The current 90-days correlation between Cytokinetics and Nuvalent is 0.3 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cytokinetics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cytokinetics moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cytokinetics Correlation With Market

Very good diversification

The correlation between Cytokinetics and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cytokinetics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cytokinetics Stock

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

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

Moving against Cytokinetics Stock

0.54	DXB	Dimerix	Pair Corr
0.52	VERA	Vera Therapeutics Sell-off Trend	Pair Corr
0.45	DRUG	Bright Minds Biosciences	Pair Corr
0.49	HDP1	Arrowhead Pharmaceuticals	Pair Corr
0.43	VNDA	Vanda Pharmaceuticals	Pair Corr
0.38	NP5	NEWRON PHARMACEUT	Pair Corr
0.38	VTVT	vTv Therapeutics	Pair Corr

Related Correlations Analysis

	NUVL	ABVX	AXSM	RYTM	HALO	MTSR	JAZZ	CORT	CRSP
NUVL		0.27	0.07	0.39	-0.12	-0.1	0.71	0.13	0.19	NUVL
ABVX	0.27		0.05	0.46	-0.08	0.11	0.5	0.08	0.24	ABVX
AXSM	0.07	0.05		-0.1	0.64	0.81	0.18	-0.91	-0.24	AXSM
RYTM	0.39	0.46	-0.1		-0.37	-0.02	0.4	0.33	0.38	RYTM
HALO	-0.12	-0.08	0.64	-0.37		0.72	0.0	-0.69	-0.62	HALO
MTSR	-0.1	0.11	0.81	-0.02	0.72		0.1	-0.72	-0.4	MTSR
JAZZ	0.71	0.5	0.18	0.4	0.0	0.1		-0.03	0.03	JAZZ
CORT	0.13	0.08	-0.91	0.33	-0.69	-0.72	-0.03		0.27	CORT
CRSP	0.19	0.24	-0.24	0.38	-0.62	-0.4	0.03	0.27		CRSP
	NUVL	ABVX	AXSM	RYTM	HALO	MTSR	JAZZ	CORT	CRSP

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

MTSR	+ 0.81	AXSM
MTSR	+ 0.72	HALO
JAZZ	+ 0.71	NUVL
HALO	+ 0.64	AXSM
JAZZ	+ 0.5	ABVX
RYTM	+ 0.46	ABVX

High negative correlations

CORT	- 0.91	AXSM
CORT	- 0.72	MTSR
CORT	- 0.69	HALO
CRSP	- 0.62	HALO
CRSP	- 0.4	MTSR
HALO	- 0.37	RYTM

Risk-Adjusted Indicators

There is a big difference between Cytokinetics Stock performing well and Cytokinetics 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 Cytokinetics' 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
NUVL	2.12	0.15	0.04	0.83	2.40	(2.23)	3.45	(3.90)	17.72
ABVX	3.19	0.33	0.07	3.44	3.39	(3.62)	6.94	(6.09)	29.38
AXSM	1.84	0.47	0.23	(3.11)	1.38	(2.26)	4.20	(2.46)	26.78
RYTM	2.38	(0.02)	(0.01)	0.04	2.82	(2.59)	4.76	(4.28)	18.69
HALO	1.66	0.20	0.09	0.32	1.78	(1.77)	3.72	(2.90)	9.83
MTSR	4.01	1.66	0.46	(1.26)	2.40	(5.30)	14.25	(4.09)	75.60
JAZZ	1.63	0.41	0.16	(0.64)	1.53	(1.86)	3.66	(3.14)	25.96
CORT	3.65	(0.75)	0.00	(0.22)	0.00	0.00	6.44	(8.51)	55.08
CRSP	2.78	(0.09)	(0.01)	0.01	3.34	(3.09)	6.23	(5.47)	19.81

Cytokinetics Corporate Management

Jennifer MBA	VP Marketing	Profile
Holly Laughlin	VP Controller	Profile
Jeff Lotz	Vice Operations	Profile
Laura MD	Medical Clinical	Profile
Scott Jordan	Senior Strategy	Profile
FACC MD	Ex RD	Profile
Eric Terhaerdt	Senior Operations	Profile

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