Gossamer Bio Correlations

GOSS Stock

USD 1.17 0.01 0.86%

The current 90-days correlation between Gossamer Bio and Stoke Therapeutics is 0.15 (i.e., Average 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 0.19 (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.

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 state.

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

Moving together with Gossamer Stock

0.89	LUCD	Lucid Diagnostics	Pair Corr
0.79	WM	Waste Management	Pair Corr
0.68	GE	GE Aerospace	Pair Corr
0.61	CSCO	Cisco Systems	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.79	INTC	Intel	Pair Corr
0.8	T	ATT Inc Sell-off Trend	Pair Corr
0.77	IBM	International Business	Pair Corr

Moving against Gossamer Stock

0.74	SCLX	Scilex Holding	Pair Corr
0.72	ASMB	Assembly Biosciences	Pair Corr
0.63	CRNX	Crinetics Pharmaceuticals	Pair Corr
0.61	CDIOW	Cardio Diagnostics	Pair Corr
0.6	CMND	Clearmind Medicine Common	Pair Corr
0.52	CDIO	Cardio Diagnostics	Pair Corr
0.43	ELVN	Enliven Therapeutics	Pair Corr
0.41	OCEAW	Ocean Biomedical	Pair Corr
0.74	MSFT	Microsoft	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.66	MRK	Merck Company	Pair Corr
0.52	HD	Home Depot	Pair Corr
0.52	DIS	Walt Disney	Pair Corr

Related Correlations Analysis

	BMEA	STOK	AKRO	FIXX	REPL	NVCT	LYRA	KRON	PASG	BDTX
BMEA		0.76	-0.36	0.0	0.4	-0.68	0.4	0.69	0.79	0.87	BMEA
STOK	0.76		-0.06	0.0	0.56	-0.51	0.26	0.52	0.68	0.79	STOK
AKRO	-0.36	-0.06		0.0	0.53	0.51	-0.17	-0.01	-0.51	0.04	AKRO
FIXX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FIXX
REPL	0.4	0.56	0.53	0.0		-0.17	0.39	0.66	0.21	0.71	REPL
NVCT	-0.68	-0.51	0.51	0.0	-0.17		-0.51	-0.53	-0.69	-0.53	NVCT
LYRA	0.4	0.26	-0.17	0.0	0.39	-0.51		0.63	0.54	0.42	LYRA
KRON	0.69	0.52	-0.01	0.0	0.66	-0.53	0.63		0.48	0.78	KRON
PASG	0.79	0.68	-0.51	0.0	0.21	-0.69	0.54	0.48		0.61	PASG
BDTX	0.87	0.79	0.04	0.0	0.71	-0.53	0.42	0.78	0.61		BDTX
	BMEA	STOK	AKRO	FIXX	REPL	NVCT	LYRA	KRON	PASG	BDTX

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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

BDTX	+ 0.87	BMEA
PASG	+ 0.79	BMEA
BDTX	+ 0.79	STOK
BDTX	+ 0.78	KRON
STOK	+ 0.76	BMEA
BDTX	+ 0.71	REPL

High negative correlations

PASG	- 0.69	NVCT
NVCT	- 0.68	BMEA
BDTX	- 0.53	NVCT
KRON	- 0.53	NVCT
LYRA	- 0.51	NVCT
PASG	- 0.51	AKRO

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
BMEA	3.37	(0.75)	0.00	(0.53)	0.00	0.00	6.48	(7.63)	21.75
STOK	3.45	(0.54)	0.00	(0.36)	0.00	0.00	7.03	(9.08)	20.29
AKRO	4.20	1.17	0.33	0.50	2.79	(5.68)	4.92	(5.05)	104.81
FIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REPL	2.74	(0.15)	0.00	(0.18)	0.00	0.00	5.86	(4.75)	23.59
NVCT	4.25	1.42	0.31	(240.17)	3.69	(4.97)	10.29	(5.84)	29.98
LYRA	3.00	(0.29)	0.00	(41.57)	0.00	0.00	5.88	(6.67)	26.90
KRON	1.68	(0.17)	0.00	(0.30)	0.00	0.00	3.16	(3.16)	12.10
PASG	4.14	(0.53)	0.00	(0.48)	0.00	0.00	7.69	(10.42)	56.48
BDTX	3.92	(0.25)	0.00	(0.18)	0.00	0.00	7.09	(7.35)	29.04

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

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