Gossamer Bio Correlations
| GOSS Stock | USD 0.69 0.01 1.41% |
The current 90-days correlation between Gossamer Bio and Zura Bio Limited is 0.26 (i.e., Modest diversification). The correlation of Gossamer Bio 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Gossamer Bio Correlation With Market
Average diversification
The correlation between Gossamer Bio and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gossamer Bio and DJI in the same portfolio, assuming nothing else is changed.
Gossamer |
Moving together with Gossamer Stock
| 0.75 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.69 | INZY | Inozyme Pharma | PairCorr |
| 0.62 | KTTA | Pasithea Therapeutics | PairCorr |
| 0.63 | CVS | CVS Health Corp Aggressive Push | PairCorr |
| 0.65 | PPERY | Bank Mandiri Persero | PairCorr |
Moving against Gossamer Stock
| 0.4 | AMLX | Amylyx Pharmaceuticals | PairCorr |
| 0.36 | CRNX | Crinetics Pharmaceuticals | PairCorr |
| 0.33 | PRAX | Praxis Precision Med | PairCorr |
| 0.32 | QNRX | Quoin Pharmaceuticals | PairCorr |
| 0.71 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.65 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.62 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.47 | RDNT | RadNet Inc | PairCorr |
| 0.47 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.43 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.4 | WMT | Walmart Aggressive Push | PairCorr |
Related Correlations Analysis
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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 Gossamer Stock performing well and Gossamer Bio 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 Gossamer Bio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KPRX | 2.77 | (0.29) | 0.00 | (0.26) | 0.00 | 5.95 | 16.59 | |||
| ZVSA | 4.67 | (0.99) | 0.00 | 0.60 | 0.00 | 9.17 | 78.93 | |||
| SONN | 4.76 | (0.77) | 0.00 | 2.19 | 0.00 | 12.31 | 37.58 | |||
| ZURA | 3.78 | (0.36) | 0.00 | (0.09) | 0.00 | 7.95 | 30.69 | |||
| PHIO | 4.53 | (0.30) | 0.00 | (0.18) | 0.00 | 11.78 | 36.22 | |||
| RNAZ | 7.63 | 1.05 | 0.10 | (0.44) | 6.52 | 22.00 | 68.80 | |||
| QNRX | 6.21 | 0.47 | 0.07 | 0.37 | 6.73 | 17.65 | 74.46 |
Gossamer Bio Corporate Management
| Colin Rowlings | Senior CMC | Profile | |
| Robert Smith | Chief Officer | Profile | |
| Matt Cravets | Senior Biometrics | Profile | |
| Jeff Boerneke | General Secretary | Profile | |
| Richard MD | Chief Officer | Profile | |
| Mario Orlando | Senior Planning | Profile |