Gossamer Bio Correlations

GOSS Stock

USD 2.28 0.14 5.79%

The current 90-days correlation between Gossamer Bio and Kalvista Pharmaceuticals is 0.2 (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

Good diversification

The correlation between Gossamer Bio and DJI is -0.06 (i.e., Good 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.

Build AI portfolio with Gossamer Stock

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

For more information on how to buy Gossamer Stock please use our How to Invest in Gossamer Bio guide.

Moving together with Gossamer Stock

0.63

PPERY

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Pair Corr

Moving against Gossamer Stock

0.62	ALKS	Alkermes Plc	Pair Corr
0.55	APLT	Applied Therapeutics	Pair Corr
0.54	EVGN	Evogene	Pair Corr
0.48	RNAZ	Transcode Therapeutics	Pair Corr
0.47	ACLX	Arcellx	Pair Corr
0.47	SNSE	Sensei Biotherapeutics	Pair Corr
0.42	RANI	Rani Therapeutics	Pair Corr
0.34	CRBP	Corbus Pharmaceuticals	Pair Corr
0.33	AEON	AEON Biopharma	Pair Corr
0.33	SGMO	Sangamo Therapeutics	Pair Corr
0.73	ELUT	Elutia Inc	Pair Corr
0.67	BKRKY	Bank Rakyat	Pair Corr
0.56	MMC	MMC Old Symbol Change	Pair Corr
0.51	ODC	Oil Dri	Pair Corr
0.44	ATMV	ATMV Old Symbol Change	Pair Corr
0.32	EC	Ecopetrol SA ADR	Pair Corr
0.32	AMBC	AMBC Old Symbol Change	Pair Corr

Related Correlations Analysis

	KALV	FDMT	OLMA	VTYX	LXRX	RIGL	PRTA	CRVS	RAPT	RGNX
KALV		-0.54	0.85	0.37	-0.22	0.55	-0.42	0.22	0.42	0.59	KALV
FDMT	-0.54		-0.46	-0.62	0.32	-0.11	0.81	-0.26	-0.42	-0.59	FDMT
OLMA	0.85	-0.46		0.31	-0.32	0.6	-0.4	0.15	0.35	0.59	OLMA
VTYX	0.37	-0.62	0.31		0.24	0.01	-0.49	0.58	0.58	0.35	VTYX
LXRX	-0.22	0.32	-0.32	0.24		-0.19	0.5	0.67	0.46	-0.35	LXRX
RIGL	0.55	-0.11	0.6	0.01	-0.19		0.04	-0.2	-0.16	0.16	RIGL
PRTA	-0.42	0.81	-0.4	-0.49	0.5	0.04		-0.07	-0.25	-0.48	PRTA
CRVS	0.22	-0.26	0.15	0.58	0.67	-0.2	-0.07		0.89	0.1	CRVS
RAPT	0.42	-0.42	0.35	0.58	0.46	-0.16	-0.25	0.89		0.29	RAPT
RGNX	0.59	-0.59	0.59	0.35	-0.35	0.16	-0.48	0.1	0.29		RGNX
	KALV	FDMT	OLMA	VTYX	LXRX	RIGL	PRTA	CRVS	RAPT	RGNX

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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

RAPT	+ 0.89	CRVS
OLMA	+ 0.85	KALV
PRTA	+ 0.81	FDMT
CRVS	+ 0.67	LXRX
RIGL	+ 0.6	OLMA
RGNX	+ 0.59	KALV

High negative correlations

VTYX	- 0.62	FDMT
RGNX	- 0.59	FDMT
FDMT	- 0.54	KALV
PRTA	- 0.49	VTYX
RGNX	- 0.48	PRTA
OLMA	- 0.46	FDMT

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
KALV	3.14	0.53	0.15	0.48	3.16	(3.41)	8.43	(5.92)	25.15
FDMT	3.93	(0.27)	0.00	(0.22)	0.00	0.00	7.04	(9.30)	28.25
OLMA	6.35	2.85	0.67	(0.70)	2.95	(8.72)	9.82	(5.86)	145.73
VTYX	4.50	1.56	0.33	6.44	3.30	(5.30)	14.25	(6.33)	37.04
LXRX	3.61	0.02	0.02	0.06	4.31	(4.57)	9.86	(7.65)	31.36
RIGL	3.89	0.33	0.08	0.30	3.79	(5.33)	8.66	(7.41)	44.65
PRTA	2.36	(0.17)	0.00	(0.06)	0.00	0.00	5.10	(4.36)	13.99
CRVS	6.53	3.13	0.66	(0.32)	2.89	(8.57)	9.63	(6.97)	174.29
RAPT	3.94	1.16	0.32	0.57	3.09	(4.90)	7.87	(6.78)	64.03
RGNX	3.45	(0.16)	0.00	(0.04)	0.00	0.00	7.94	(6.66)	27.87

Gossamer Bio Corporate Management

Colin Rowlings	Senior CMC	Profile
Robert Smith	Chief Officer	Profile
Matt Cravets	Senior Biometrics	Profile
Jeff Boerneke	General Secretary	Profile
Louis Cherico	Senior Treasury	Profile
Richard MD	Chief Officer	Profile

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