Gyre Therapeutics Correlations

GYRE Stock

11.29 0.46 3.91%

The current 90-days correlation between Gyre Therapeutics and ICC Holdings is -0.2 (i.e., Good diversification). The correlation of Gyre Therapeutics 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.

Gyre Therapeutics Correlation With Market

Weak diversification

The correlation between Gyre Therapeutics and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gyre Therapeutics 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 Gyre Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Gyre Stock refer to our How to Trade Gyre Stock guide.

Moving against Gyre Stock

0.51	MTEM	Molecular Templates	Pair Corr
0.34	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.33	AGL	agilon health Buyout Trend	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.54	EC	Ecopetrol SA ADR	Pair Corr
0.44	WF	Woori Financial Group	Pair Corr
0.37	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	GMGI	NTES	EA	QBEIF	GOCO	ICCH	GME
GMGI		-0.24	0.78	0.38	0.51	0.2	0.69	GMGI
NTES	-0.24		-0.13	-0.02	-0.06	0.08	-0.01	NTES
EA	0.78	-0.13		0.44	0.62	0.44	0.85	EA
QBEIF	0.38	-0.02	0.44		0.5	0.31	0.55	QBEIF
GOCO	0.51	-0.06	0.62	0.5		0.6	0.49	GOCO
ICCH	0.2	0.08	0.44	0.31	0.6		0.4	ICCH
GME	0.69	-0.01	0.85	0.55	0.49	0.4		GME
	GMGI	NTES	EA	QBEIF	GOCO	ICCH	GME

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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

GME	+ 0.85	EA
EA	+ 0.78	GMGI
GME	+ 0.69	GMGI
GOCO	+ 0.62	EA
ICCH	+ 0.6	GOCO
GME	+ 0.55	QBEIF

High negative correlations

NTES	- 0.24	GMGI
EA	- 0.13	NTES
GOCO	- 0.06	NTES
QBEIF	- 0.02	NTES
GME	- 0.01	NTES

Risk-Adjusted Indicators

There is a big difference between Gyre Stock performing well and Gyre Therapeutics 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 Gyre Therapeutics' 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
GMGI	3.88	0.04	0.04	0.14	4.00	(4.71)	9.16	(6.59)	20.99
NTES	2.06	0.09	0.00	0.64	2.34	(2.47)	4.88	(3.78)	13.73
EA	0.83	0.14	0.05	0.48	1.15	(0.81)	1.64	(1.68)	4.73
QBEIF	0.86	0.19	0.00	(1.84)	0.00	0.00	4.48	0.00	15.68
GOCO	3.76	0.67	0.15	1.14	3.67	(4.60)	8.03	(6.88)	37.83
ICCH	0.27	0.02	(0.20)	(0.33)	0.34	(0.34)	0.74	(0.56)	3.36
GME	2.69	0.30	0.09	0.43	2.90	(3.19)	8.88	(4.19)	20.86

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