Precision BioSciences Correlations

DTIL Stock

USD 4.08 0.02 0.49%

The current 90-days correlation between Precision BioSciences and Metagenomi Common Stock is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precision BioSciences moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precision BioSciences moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Precision BioSciences Correlation With Market

Modest diversification

The correlation between Precision BioSciences and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precision BioSciences and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Precision Stock

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

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

Moving together with Precision Stock

0.62	PG	Procter Gamble	Pair Corr
0.8	HPQ	HP Inc	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.81	MSFT	Microsoft Sell-off Trend	Pair Corr

Moving against Precision Stock

0.82	TRV	The Travelers Companies	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.72	FTV	Fortive Corp	Pair Corr
0.67	AMGN	Amgen Inc	Pair Corr
0.6	CSCO	Cisco Systems	Pair Corr
0.59	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.51	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.44	BAC	Bank of America	Pair Corr
0.43	MCD	McDonalds	Pair Corr
0.35	CAT	Caterpillar	Pair Corr
0.32	GILD	Gilead Sciences	Pair Corr
0.32	KO	Coca Cola	Pair Corr
0.31	AXP	American Express	Pair Corr

Related Correlations Analysis

	MGX	ALXO	ADVM	ARTV	STRO	GUTS	RPTX	ATYR	CNTB	QNCX
MGX		0.69	-0.22	-0.03	0.09	-0.55	-0.63	0.87	-0.75	-0.63	MGX
ALXO	0.69		-0.47	-0.24	-0.13	-0.3	-0.46	0.47	-0.48	-0.4	ALXO
ADVM	-0.22	-0.47		0.52	0.51	-0.09	0.03	-0.02	-0.03	-0.01	ADVM
ARTV	-0.03	-0.24	0.52		0.64	0.21	0.24	0.09	-0.03	0.13	ARTV
STRO	0.09	-0.13	0.51	0.64		0.2	0.28	0.18	-0.09	0.04	STRO
GUTS	-0.55	-0.3	-0.09	0.21	0.2		0.81	-0.39	0.57	0.91	GUTS
RPTX	-0.63	-0.46	0.03	0.24	0.28	0.81		-0.44	0.79	0.75	RPTX
ATYR	0.87	0.47	-0.02	0.09	0.18	-0.39	-0.44		-0.56	-0.4	ATYR
CNTB	-0.75	-0.48	-0.03	-0.03	-0.09	0.57	0.79	-0.56		0.68	CNTB
QNCX	-0.63	-0.4	-0.01	0.13	0.04	0.91	0.75	-0.4	0.68		QNCX
	MGX	ALXO	ADVM	ARTV	STRO	GUTS	RPTX	ATYR	CNTB	QNCX

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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

QNCX	+ 0.91	GUTS
ATYR	+ 0.87	MGX
RPTX	+ 0.81	GUTS
CNTB	+ 0.79	RPTX
QNCX	+ 0.75	RPTX
ALXO	+ 0.69	MGX

High negative correlations

CNTB	- 0.75	MGX
QNCX	- 0.63	MGX
RPTX	- 0.63	MGX
CNTB	- 0.56	ATYR
GUTS	- 0.55	MGX
CNTB	- 0.48	ALXO

Risk-Adjusted Indicators

There is a big difference between Precision Stock performing well and Precision BioSciences 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 Precision BioSciences' 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
MGX	4.19	(0.54)	0.00	(0.16)	0.00	0.00	8.14	(8.60)	25.29
ALXO	5.33	(0.63)	0.00	(0.28)	0.00	0.00	13.04	(9.82)	29.60
ADVM	3.39	0.39	0.09	0.56	3.70	(4.59)	10.34	(6.79)	40.97
ARTV	8.98	1.59	0.19	0.60	7.79	(11.92)	10.86	(12.85)	144.75
STRO	5.04	0.32	0.08	0.22	4.99	(6.19)	12.95	(8.62)	28.02
GUTS	3.61	0.56	0.15	0.78	3.25	(4.88)	9.31	(5.80)	23.43
RPTX	2.40	0.67	0.26	(1.69)	1.63	(3.46)	3.95	(3.26)	35.71
ATYR	3.84	0.25	0.04	6.37	3.95	(5.33)	9.86	(8.25)	28.38
CNTB	4.74	1.03	0.18	(0.57)	4.07	(6.10)	11.89	(7.33)	36.83
QNCX	4.75	0.89	0.20	0.43	4.31	(6.07)	11.88	(8.72)	42.36

Precision BioSciences Corporate Management

Maurissa Messier	Senior Communications	Profile
Fayaz Khazi	Chief Systems	Profile
Derek Jantz	Chief CoFounder	Profile
Jefferson Smith	CoFounder Officer	Profile
Cassie Gorsuch	Chief Officer	Profile
Bruce Stevens	Vice Compliance	Profile
John Kelly	Chief Officer	Profile

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