Monte Rosa Correlations

GLUE Stock

USD 5.66 0.10 1.74%

The current 90-days correlation between Monte Rosa Therapeutics and DiaMedica Therapeutics is 0.02 (i.e., Significant diversification). The correlation of Monte Rosa 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.

Monte Rosa Correlation With Market

Significant diversification

The correlation between Monte Rosa Therapeutics and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monte Rosa Therapeutics and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Monte Rosa Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with Monte Stock

0.81	VERA	Vera Therapeutics	Pair Corr
0.61	VTRS	Viatris	Pair Corr

Moving against Monte Stock

0.51	VIRX	Viracta Therapeutics	Pair Corr
0.31	DRMA	Dermata Therapeutics	Pair Corr
0.42	VXRT	Vaxart Inc	Pair Corr

Related Correlations Analysis

	A	EQ	ME	DMAC	VALN	VANI	DNTH	DOMH	VCEL
A		-0.24	0.12	0.48	-0.19	-0.2	-0.1	-0.15	0.13	A
EQ	-0.24		0.68	-0.48	0.78	0.09	0.6	0.49	-0.75	EQ
ME	0.12	0.68		-0.59	0.86	-0.1	0.79	0.58	-0.83	ME
DMAC	0.48	-0.48	-0.59		-0.71	-0.14	-0.5	-0.62	0.63	DMAC
VALN	-0.19	0.78	0.86	-0.71		-0.12	0.74	0.49	-0.89	VALN
VANI	-0.2	0.09	-0.1	-0.14	-0.12		0.16	0.48	0.11	VANI
DNTH	-0.1	0.6	0.79	-0.5	0.74	0.16		0.64	-0.69	DNTH
DOMH	-0.15	0.49	0.58	-0.62	0.49	0.48	0.64		-0.61	DOMH
VCEL	0.13	-0.75	-0.83	0.63	-0.89	0.11	-0.69	-0.61		VCEL
	A	EQ	ME	DMAC	VALN	VANI	DNTH	DOMH	VCEL

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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

VALN	+ 0.86	ME
DNTH	+ 0.79	ME
VALN	+ 0.78	EQ
DNTH	+ 0.74	VALN
ME	+ 0.68	EQ
DOMH	+ 0.64	DNTH

High negative correlations

VCEL	- 0.89	VALN
VCEL	- 0.83	ME
VCEL	- 0.75	EQ
VALN	- 0.71	DMAC
VCEL	- 0.69	DNTH
DOMH	- 0.62	DMAC

Risk-Adjusted Indicators

There is a big difference between Monte Stock performing well and Monte Rosa 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 Monte Rosa'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
A	1.21	0.03	0.01	0.09	1.45	(1.33)	2.72	(2.42)	8.06
EQ	4.62	(0.12)	0.00	0.12	0.00	0.00	13.33	(8.57)	64.12
ME	4.10	(0.57)	0.00	(0.92)	0.00	0.00	9.23	(8.52)	29.72
DMAC	3.40	0.50	0.12	1.06	3.79	(4.01)	8.64	(5.65)	47.69
VALN	2.59	(0.33)	0.00	(2.30)	0.00	0.00	4.80	(6.16)	25.53
VANI	2.00	0.11	0.03	(4.45)	2.53	(2.56)	5.11	(3.76)	20.23
DNTH	3.15	(0.30)	0.00	(0.48)	0.00	0.00	7.64	(6.00)	23.93
DOMH	3.39	(0.48)	0.00	(0.81)	0.00	0.00	8.89	(7.26)	32.92
VCEL	1.79	0.53	0.29	1.63	1.41	(2.19)	5.15	(2.80)	12.86

Monte Rosa Corporate Management

Filip MD	Chief Officer	Profile
Jennifer Champoux	VP Operations	Profile
Sharon Townson	Chief Officer	Profile
Edmund Dunn	Vice Controller	Profile
John Castle	Chief Scientist	Profile
Magnus DPHIL	Senior Development	Profile

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