Genocea Biosciences Correlations
| GNCADelisted Stock | USD 0.0002 0.0001 100.00% |
The current 90-days correlation between Genocea Biosciences and Rumble Inc is -0.07 (i.e., Good diversification). The correlation of Genocea Biosciences 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.
Genocea Biosciences Correlation With Market
Good diversification
The correlation between Genocea Biosciences and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genocea Biosciences and DJI in the same portfolio, assuming nothing else is changed.
Genocea |
Moving together with Genocea Stock
| 0.64 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
Moving against Genocea Stock
| 0.75 | SSNLF | Samsung Electronics | PairCorr |
| 0.73 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.56 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.55 | HPQ | HP Inc | PairCorr |
| 0.54 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.51 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.47 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.42 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.38 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.35 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.35 | DIS | Walt Disney Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.31 | -0.33 | 0.08 | -0.64 | 0.69 | RUM | ||
| 0.31 | 0.25 | 0.16 | -0.49 | 0.47 | CF | ||
| -0.33 | 0.25 | 0.02 | 0.16 | -0.2 | WTI | ||
| 0.08 | 0.16 | 0.02 | -0.2 | 0.29 | SOC | ||
| -0.64 | -0.49 | 0.16 | -0.2 | -0.91 | HDSN | ||
| 0.69 | 0.47 | -0.2 | 0.29 | -0.91 | QLYS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Genocea Stock performing well and Genocea 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 Genocea 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RUM | 3.50 | 0.16 | 0.07 | 0.21 | 3.74 | 8.96 | 27.96 | |||
| CF | 1.20 | 0.15 | 0.01 | 18.88 | 1.80 | 2.17 | 6.82 | |||
| WTI | 2.79 | (0.23) | 0.00 | (0.26) | 0.00 | 5.18 | 26.26 | |||
| SOC | 4.06 | 0.79 | 0.12 | 3.94 | 5.18 | 6.52 | 60.69 | |||
| HDSN | 2.09 | (0.39) | 0.00 | 20.86 | 0.00 | 4.75 | 29.08 | |||
| QLYS | 1.77 | (0.02) | 0.14 | 0.12 | 1.38 | 3.17 | 26.78 |
Genocea Biosciences Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genocea Biosciences stock to make a market-neutral strategy. Peer analysis of Genocea Biosciences could also be used in its relative valuation, which is a method of valuing Genocea Biosciences by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Genocea Biosciences?
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