Harpoon Therapeutics Correlations

Summary

HARPDelisted Stock

USD 0.85 0.00 0.00%

The current 90-days correlation between Harpoon Therapeutics and Stoke Therapeutics is 0.12 (i.e., Average diversification). The correlation of Harpoon 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Harpoon Therapeutics Correlation With Market

Good diversification

The correlation between Harpoon Therapeutics and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harpoon 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. 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.

Moving together with Harpoon Stock

0.65	EC	Ecopetrol SA ADR Buyout Trend	Pair Corr
0.67	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.68	AXP	American Express	Pair Corr

Moving against Harpoon Stock

0.52	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.51	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.49	TLK	Telkom Indonesia Tbk	Pair Corr
0.49	JNJ	Johnson Johnson	Pair Corr
0.47	KO	Coca Cola Earnings Call This Week	Pair Corr
0.45	PTAIY	Astra International Tbk	Pair Corr
0.41	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.36	MCD	McDonalds Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PASG	BDTX	TCRR	ALEC	STOK	FIXX	ADAP	RVMD	BCEL
PASG		-0.1	0.04	-0.25	0.18	0.03	0.12	-0.03	0.11	PASG
BDTX	-0.1		-0.71	0.87	0.72	0.26	0.8	0.7	-0.06	BDTX
TCRR	0.04	-0.71		-0.66	-0.63	-0.53	-0.59	-0.63	-0.08	TCRR
ALEC	-0.25	0.87	-0.66		0.66	0.07	0.82	0.81	-0.22	ALEC
STOK	0.18	0.72	-0.63	0.66		0.38	0.62	0.7	0.15	STOK
FIXX	0.03	0.26	-0.53	0.07	0.38		0.04	0.25	0.71	FIXX
ADAP	0.12	0.8	-0.59	0.82	0.62	0.04		0.74	-0.14	ADAP
RVMD	-0.03	0.7	-0.63	0.81	0.7	0.25	0.74		0.12	RVMD
BCEL	0.11	-0.06	-0.08	-0.22	0.15	0.71	-0.14	0.12		BCEL
	PASG	BDTX	TCRR	ALEC	STOK	FIXX	ADAP	RVMD	BCEL

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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

ALEC	+ 0.87	BDTX
ADAP	+ 0.82	ALEC
RVMD	+ 0.81	ALEC
ADAP	+ 0.8	BDTX
RVMD	+ 0.74	ADAP
STOK	+ 0.72	BDTX

High negative correlations

TCRR	- 0.71	BDTX
ALEC	- 0.66	TCRR
RVMD	- 0.63	TCRR
STOK	- 0.63	TCRR
ADAP	- 0.59	TCRR
FIXX	- 0.53	TCRR

Risk-Adjusted Indicators

There is a big difference between Harpoon Stock performing well and Harpoon 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 Harpoon 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
PASG	6.88	0.46	0.04	(1.44)	6.85	(9.53)	20.97	(11.88)	84.39
BDTX	3.44	(0.30)	0.00	(0.14)	0.00	0.00	5.47	(6.40)	25.91
TCRR	3.16	0.56	0.07	(0.19)	3.26	(4.40)	5.77	(6.25)	43.60
ALEC	4.30	(1.38)	0.00	(0.88)	0.00	0.00	6.94	(8.42)	42.73
STOK	2.93	(0.10)	0.00	(0.12)	0.00	0.00	5.79	(7.10)	27.59
FIXX	2.82	0.09	0.01	0.23	3.52	(3.25)	5.77	(5.61)	19.43
ADAP	3.16	(0.24)	0.00	(0.43)	0.00	0.00	7.35	(6.02)	32.97
RVMD	1.93	(0.16)	0.00	(0.20)	0.00	0.00	4.70	(5.94)	16.40
BCEL	3.90	0.13	0.02	0.26	5.00	(4.64)	7.53	(9.65)	23.80

Harpoon Therapeutics Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Harpoon Therapeutics stock to make a market-neutral strategy. Peer analysis of Harpoon Therapeutics could also be used in its relative valuation, which is a method of valuing Harpoon Therapeutics by comparing valuation metrics with similar companies.

Passage Bio Black Diamond Therapeutics Tcr2 Therapeutics Alector Stoke Therapeutics FIXX Old Adaptimmune Therapeutics Plc Revolution Medicines Atreca Inc American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Harpoon Therapeutics Corporate Management

Georgia Erbez	Consultant	Profile
James JD	Chief Officer	Profile
Luke MD	Chief Officer	Profile
Wendy Chang	Chief Officer	Profile
Michael Faerm	Interim Officer	Profile

Still Interested in Harpoon Therapeutics?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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