Gracell Biotechnologies Correlations

Summary

GRCLDelisted Stock

USD 4.02 0.26 6.07%

The current 90-days correlation between Gracell Biotechnologies and Erasca Inc is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gracell Biotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gracell Biotechnologies moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gracell Biotechnologies Correlation With Market

Modest diversification

The correlation between Gracell Biotechnologies and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gracell Biotechnologies 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Gracell Stock

0.71	WMT	Walmart Aggressive Push	Pair Corr
0.81	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.67	V	Visa Class A	Pair Corr
0.67	AXP	American Express	Pair Corr

Moving against Gracell Stock

0.89	HNHPF	Hon Hai Precision	Pair Corr
0.87	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.86	HPQ	HP Inc	Pair Corr
0.64	DPSTF	Deutsche Post AG	Pair Corr
0.64	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.57	VZ	Verizon Communications	Pair Corr
0.49	KO	Coca Cola Earnings Call This Week	Pair Corr
0.43	CAT	Caterpillar Earnings Call Today	Pair Corr
0.4	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.36	VLY	Valley National Bancorp	Pair Corr
0.35	MRK	Merck Company Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	THRX	GLUE	DSGN	ERAS	NXTC	CTMX	NLTX	SPRO	ASMB	TERN
THRX		0.41	0.32	0.56	0.53	0.2	0.58	0.61	0.44	0.54	THRX
GLUE	0.41		0.56	0.84	0.76	0.54	0.42	0.77	0.56	0.8	GLUE
DSGN	0.32	0.56		0.69	0.37	0.75	0.06	0.45	0.39	0.64	DSGN
ERAS	0.56	0.84	0.69		0.71	0.69	0.44	0.83	0.72	0.88	ERAS
NXTC	0.53	0.76	0.37	0.71		0.22	0.59	0.92	0.57	0.79	NXTC
CTMX	0.2	0.54	0.75	0.69	0.22		-0.07	0.38	0.45	0.68	CTMX
NLTX	0.58	0.42	0.06	0.44	0.59	-0.07		0.57	0.43	0.38	NLTX
SPRO	0.61	0.77	0.45	0.83	0.92	0.38	0.57		0.73	0.87	SPRO
ASMB	0.44	0.56	0.39	0.72	0.57	0.45	0.43	0.73		0.66	ASMB
TERN	0.54	0.8	0.64	0.88	0.79	0.68	0.38	0.87	0.66		TERN
	THRX	GLUE	DSGN	ERAS	NXTC	CTMX	NLTX	SPRO	ASMB	TERN

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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

SPRO	+ 0.92	NXTC
TERN	+ 0.88	ERAS
TERN	+ 0.87	SPRO
ERAS	+ 0.84	GLUE
SPRO	+ 0.83	ERAS
TERN	+ 0.8	GLUE

High negative correlations

NLTX

- 0.07

CTMX

Risk-Adjusted Indicators

There is a big difference between Gracell Stock performing well and Gracell Biotechnologies 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 Gracell Biotechnologies' 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
THRX	5.44	(0.50)	0.00	0.73	0.00	0.00	11.75	(8.57)	90.33
GLUE	5.62	1.01	0.19	10.74	4.50	(7.58)	10.21	(8.46)	103.72
DSGN	4.33	(0.05)	(0.01)	(0.01)	6.09	(4.61)	8.72	(11.01)	33.11
ERAS	3.37	(0.45)	0.00	(0.79)	0.00	0.00	6.06	(7.35)	26.76
NXTC	2.99	(0.82)	0.00	(0.63)	0.00	0.00	6.74	(7.45)	24.13
CTMX	3.62	(0.29)	0.00	(0.14)	0.00	0.00	7.32	(9.00)	23.37
NLTX	2.25	(0.18)	0.00	(2.38)	0.00	0.00	4.05	(3.53)	27.84
SPRO	2.41	(0.65)	0.00	(1.07)	0.00	0.00	4.85	(4.76)	17.35
ASMB	2.90	(0.27)	0.00	(0.26)	0.00	0.00	5.74	(5.39)	24.82
TERN	3.28	(0.59)	0.00	(0.56)	0.00	0.00	5.68	(6.75)	26.61

View Gracell Biotechnologies Related Equities

Theseus Pharmaceuticals Monte Rosa Therapeutics Design Therapeutics Erasca Inc NextCure CytomX Therapeutics Neoleukin Therapeutics Spero Therapeutics Assembly Biosciences Terns Pharmaceuticals Amylyx Pharmaceuticals Acumen Pharmaceuticals Inozyme Pharma X4 Pharmaceuticals Bolt Biotherapeutics

Risk & Return

Correlation

Gracell Biotechnologies Corporate Management

Yili MBA	Chief Officer	Profile
Yajin MD	Chief Officer	Profile
Wei Cao	Chairman Founder	Profile
Samuel MBA	Chief Officer	Profile
Wendy MD	Chief Officer	Profile
Erin Li	Executive Officer	Profile

Still Interested in Gracell Biotechnologies?

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