Day One Correlations

DAWN Stock

USD 13.01 0.20 1.51%

The current 90-days correlation between Day One Biopharmaceu and Surrozen is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Day One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Day One Biopharmaceuticals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Day One Correlation With Market

Average diversification

The correlation between Day One Biopharmaceuticals and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Day One Biopharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Day One Biopharmaceuticals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with Day Stock

0.77	JNJ	Johnson Johnson	Pair Corr
0.76	INZY	Inozyme Pharma	Pair Corr
0.74	KRYS	Krystal Biotech	Pair Corr
0.76	MREO	Mereo BioPharma Group	Pair Corr
0.83	NKTX	Nkarta Inc	Pair Corr
0.9	PDSB	PDS Biotechnology Corp	Pair Corr
0.62	PLRX	Pliant Therapeutics	Pair Corr
0.91	ABOS	Acumen Pharmaceuticals	Pair Corr
0.82	ADAP	Adaptimmune Therapeutics	Pair Corr
0.91	AFMD	Affimed NV	Pair Corr
0.72	AGIO	Agios Pharm	Pair Corr
0.83	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.9	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.73	APTO	Aptose Biosciences	Pair Corr
0.83	STOK	Stoke Therapeutics	Pair Corr
0.88	BDTX	Black Diamond Therap	Pair Corr
0.76	TERN	Terns Pharmaceuticals Buyout Trend	Pair Corr
0.81	CRVS	Corvus Pharmaceuticals	Pair Corr
0.78	ACET	Adicet Bio	Pair Corr
0.8	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.62	WF	Woori Financial Group Earnings Call This Week	Pair Corr

Moving against Day Stock

0.63	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.61	FNMFO	Federal National Mortgage	Pair Corr
0.61	MNPR	Monopar Therapeutics	Pair Corr

Related Correlations Analysis

	SRZN	ARMP	KTTA	ADTX	SCPH	MIST	ONCY	MCRB	CADL	INKT
SRZN		-0.43	-0.13	-0.44	0.01	0.58	-0.02	0.38	0.62	0.19	SRZN
ARMP	-0.43		0.55	0.56	0.44	-0.38	0.52	-0.51	-0.64	0.2	ARMP
KTTA	-0.13	0.55		0.81	0.79	-0.38	0.89	-0.42	-0.53	-0.01	KTTA
ADTX	-0.44	0.56	0.81		0.6	-0.65	0.7	-0.21	-0.65	-0.21	ADTX
SCPH	0.01	0.44	0.79	0.6		-0.19	0.77	-0.27	-0.35	0.04	SCPH
MIST	0.58	-0.38	-0.38	-0.65	-0.19		-0.37	0.22	0.49	0.33	MIST
ONCY	-0.02	0.52	0.89	0.7	0.77	-0.37		-0.36	-0.38	-0.07	ONCY
MCRB	0.38	-0.51	-0.42	-0.21	-0.27	0.22	-0.36		0.5	-0.23	MCRB
CADL	0.62	-0.64	-0.53	-0.65	-0.35	0.49	-0.38	0.5		-0.09	CADL
INKT	0.19	0.2	-0.01	-0.21	0.04	0.33	-0.07	-0.23	-0.09		INKT
	SRZN	ARMP	KTTA	ADTX	SCPH	MIST	ONCY	MCRB	CADL	INKT

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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

ONCY	+ 0.89	KTTA
ADTX	+ 0.81	KTTA
SCPH	+ 0.79	KTTA
ONCY	+ 0.77	SCPH
ONCY	+ 0.7	ADTX
CADL	+ 0.62	SRZN

High negative correlations

CADL	- 0.65	ADTX
MIST	- 0.65	ADTX
CADL	- 0.64	ARMP
CADL	- 0.53	KTTA
MCRB	- 0.51	ARMP
ADTX	- 0.44	SRZN

Risk-Adjusted Indicators

There is a big difference between Day Stock performing well and Day One 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 Day One'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
SRZN	5.53	0.01	0.00	0.10	6.07	(6.76)	19.37	(10.20)	37.14
ARMP	3.20	(0.17)	0.00	(0.24)	0.00	0.00	6.09	(8.22)	33.83
KTTA	3.22	(0.87)	0.00	(0.98)	0.00	0.00	6.78	(6.98)	16.71
ADTX	5.65	(2.26)	0.00	3.56	0.00	0.00	7.69	(16.13)	35.15
SCPH	2.71	(0.25)	0.00	(0.72)	0.00	0.00	5.07	(4.55)	20.70
MIST	2.92	0.55	0.14	0.65	3.13	(3.55)	8.08	(6.59)	20.63
ONCY	3.31	(0.82)	0.00	(0.56)	0.00	0.00	6.33	(7.23)	28.22
MCRB	4.78	0.16	0.04	0.22	4.30	(7.45)	15.58	(6.78)	28.84
CADL	7.55	1.15	0.14	1.25	7.35	(9.85)	21.74	(11.63)	99.24
INKT	5.39	0.08	0.02	0.12	8.14	(6.22)	9.82	(12.18)	82.58

Day One Corporate Management

PharmD Chiodin	Chief Officer	Profile
Jaa Roberson	Chief Officer	Profile
Elly MD	Chief Officer	Profile
Adam Dubow	General Counsel	Profile
Lauren MBA	Chief Officer	Profile
Adam JD	General Officer	Profile

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