Precision BioSciences Correlations

DTIL Stock

USD 4.96 0.24 5.08%

The current 90-days correlation between Precision BioSciences and X4 Pharmaceuticals is -0.04 (i.e., Good 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

Good diversification

The correlation between Precision BioSciences and DJI is -0.02 (i.e., Good 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.

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	EQ	Equillium	Pair Corr
0.76	ME	23Andme Holding	Pair Corr
0.81	VALN	Valneva SE ADR	Pair Corr
0.87	DNLI	Denali Therapeutics	Pair Corr
0.71	DNTH	Dianthus Therapeutics	Pair Corr
0.83	DOMH	Dominari Holdings	Pair Corr
0.85	DRRX	Durect	Pair Corr
0.96	VIGL	Vigil Neuroscience	Pair Corr
0.88	VINC	Vincerx Pharma	Pair Corr
0.9	VKTX	Viking Therapeutics	Pair Corr
0.76	VRCA	Verrica Pharmaceuticals	Pair Corr
0.82	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.83	VRPX	Virpax Pharmaceuticals	Pair Corr
0.83	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Precision Stock

0.86	DRTS	Alpha Tau Medical	Pair Corr
0.82	CDIOW	Cardio Diagnostics	Pair Corr
0.8	DMAC	DiaMedica Therapeutics	Pair Corr
0.76	VCEL	Vericel Corp Ord	Pair Corr
0.76	VCYT	Veracyte Potential Growth	Pair Corr
0.56	SABSW	SAB Biotherapeutics	Pair Corr
0.84	DYAI	Dyadic International	Pair Corr
0.84	VRNA	Verona Pharma PLC	Pair Corr
0.67	SRZNW	Surrozen Warrant	Pair Corr
0.65	VSTM	Verastem	Pair Corr
0.63	DVAX	Dynavax Technologies	Pair Corr
0.41	KTTAW	Pasithea Therapeutics	Pair Corr
0.4	VYNE	Vyne Therapeutics	Pair Corr

Related Correlations Analysis

	XFOR	ABOS	INZY	TERN	DAWN	ELDN	HOOK	MREO	GRTX	PASG
XFOR		-0.27	0.02	-0.01	-0.23	0.22	-0.26	0.04	-0.38	0.15	XFOR
ABOS	-0.27		0.73	0.74	0.93	-0.01	0.9	0.74	0.46	-0.19	ABOS
INZY	0.02	0.73		0.83	0.76	-0.47	0.89	0.93	0.01	-0.26	INZY
TERN	-0.01	0.74	0.83		0.81	-0.15	0.79	0.82	0.19	-0.02	TERN
DAWN	-0.23	0.93	0.76	0.81		-0.06	0.89	0.79	0.39	-0.15	DAWN
ELDN	0.22	-0.01	-0.47	-0.15	-0.06		-0.33	-0.35	0.43	0.43	ELDN
HOOK	-0.26	0.9	0.89	0.79	0.89	-0.33		0.85	0.21	-0.31	HOOK
MREO	0.04	0.74	0.93	0.82	0.79	-0.35	0.85		0.1	-0.17	MREO
GRTX	-0.38	0.46	0.01	0.19	0.39	0.43	0.21	0.1		0.13	GRTX
PASG	0.15	-0.19	-0.26	-0.02	-0.15	0.43	-0.31	-0.17	0.13		PASG
	XFOR	ABOS	INZY	TERN	DAWN	ELDN	HOOK	MREO	GRTX	PASG

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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

DAWN	+ 0.93	ABOS
MREO	+ 0.93	INZY
HOOK	+ 0.9	ABOS
HOOK	+ 0.89	INZY
HOOK	+ 0.89	DAWN
MREO	+ 0.85	HOOK

High negative correlations

ELDN	- 0.47	INZY
GRTX	- 0.38	XFOR
MREO	- 0.35	ELDN
HOOK	- 0.33	ELDN
PASG	- 0.31	HOOK
ABOS	- 0.27	XFOR

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
XFOR	7.59	0.71	0.05	(0.44)	10.73	(10.36)	26.42	(13.51)	67.48
ABOS	3.73	(0.46)	0.00	(0.73)	0.00	0.00	7.56	(7.10)	28.07
INZY	3.97	0.00	0.00	0.00	0.00	0.00	6.41	(8.75)	38.13
TERN	3.07	(0.73)	0.00	(1.04)	0.00	0.00	5.17	(6.80)	26.61
DAWN	1.87	(0.15)	0.00	(0.17)	0.00	0.00	3.92	(3.46)	11.05
ELDN	4.40	0.76	0.17	3.14	4.04	(5.60)	10.98	(6.84)	28.12
HOOK	3.59	(0.86)	0.00	1.03	0.00	0.00	6.90	(7.88)	32.80
MREO	2.81	(0.54)	0.00	(0.79)	0.00	0.00	4.80	(7.59)	20.77
GRTX	2.93	(0.03)	0.00	(0.04)	0.00	0.00	7.31	(5.84)	18.16
PASG	7.03	0.61	0.08	(1.26)	6.99	(9.22)	20.97	(11.88)	84.39

Precision BioSciences Corporate Management

Maurissa Messier	Senior Communications	Profile
Derek Jantz	Chief CoFounder	Profile
Jefferson Smith	CoFounder Officer	Profile
Bruce Stevens	Vice Compliance	Profile
John Kelly	Chief Officer	Profile
Dario JD	General Secretary	Profile
Juli Blanche	Chief Officer	Profile

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