HUTCHMED DRC Correlations

HCM Stock

USD 17.34 0.34 1.92%

The current 90-days correlation between HUTCHMED DRC and ANI Pharmaceuticals is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as HUTCHMED DRC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HUTCHMED DRC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

HUTCHMED DRC Correlation With Market

Average diversification

The correlation between HUTCHMED DRC and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HUTCHMED DRC 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 HUTCHMED DRC. 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.

To learn how to invest in HUTCHMED Stock, please use our How to Invest in HUTCHMED DRC guide.

Moving together with HUTCHMED Stock

0.7	KZR	Kezar Life Sciences	Pair Corr
0.67	MLYS	Mineralys Therapeutics, Downward Rally	Pair Corr

Moving against HUTCHMED Stock

0.7	VCNX	Vaccinex	Pair Corr
0.53	ERAS	Erasca Inc	Pair Corr
0.53	KRYS	Krystal Biotech	Pair Corr
0.51	FBRX	Forte Biosciences Trending	Pair Corr
0.43	NRSNW	NeuroSense Therapeutics	Pair Corr
0.38	GMAB	Genmab AS	Pair Corr
0.77	NUVB	Nuvation Bio	Pair Corr
0.62	APLS	Apellis Pharmaceuticals	Pair Corr
0.44	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.4	RNXT	RenovoRx	Pair Corr
0.4	ROIV	Roivant Sciences	Pair Corr
0.37	ALEC	Alector	Pair Corr
0.34	NKTX	Nkarta Inc	Pair Corr

Related Correlations Analysis

	EGRX	ANIP	PAHC	DCPH	PBH	PCRX	COLL	PROC	SSIC	ALKS
EGRX		0.51	-0.63	0.31	-0.4	-0.6	0.51	0.47	-0.29	-0.04	EGRX
ANIP	0.51		-0.22	0.38	0.02	-0.07	0.27	0.22	-0.04	0.39	ANIP
PAHC	-0.63	-0.22		-0.16	0.45	0.74	-0.48	-0.49	0.29	0.2	PAHC
DCPH	0.31	0.38	-0.16		-0.4	-0.02	0.26	0.35	-0.27	-0.04	DCPH
PBH	-0.4	0.02	0.45	-0.4		0.37	-0.83	-0.89	0.84	0.25	PBH
PCRX	-0.6	-0.07	0.74	-0.02	0.37		-0.42	-0.36	0.23	0.24	PCRX
COLL	0.51	0.27	-0.48	0.26	-0.83	-0.42		0.86	-0.73	0.05	COLL
PROC	0.47	0.22	-0.49	0.35	-0.89	-0.36	0.86		-0.85	-0.16	PROC
SSIC	-0.29	-0.04	0.29	-0.27	0.84	0.23	-0.73	-0.85		0.42	SSIC
ALKS	-0.04	0.39	0.2	-0.04	0.25	0.24	0.05	-0.16	0.42		ALKS
	EGRX	ANIP	PAHC	DCPH	PBH	PCRX	COLL	PROC	SSIC	ALKS

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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

PROC	+ 0.86	COLL
SSIC	+ 0.84	PBH
PCRX	+ 0.74	PAHC
ANIP	+ 0.51	EGRX
COLL	+ 0.51	EGRX
PROC	+ 0.47	EGRX

High negative correlations

PROC	- 0.89	PBH
SSIC	- 0.85	PROC
COLL	- 0.83	PBH
SSIC	- 0.73	COLL
PAHC	- 0.63	EGRX
PCRX	- 0.6	EGRX

Risk-Adjusted Indicators

There is a big difference between HUTCHMED Stock performing well and HUTCHMED DRC 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 HUTCHMED DRC'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
EGRX	3.94	(1.17)	0.00	3.76	0.00	0.00	9.24	(8.24)	53.71
ANIP	1.85	(0.25)	0.00	(0.10)	0.00	0.00	3.70	(3.75)	10.82
PAHC	2.00	0.24	0.16	0.24	1.63	(2.32)	5.36	(2.45)	15.47
DCPH	1.66	(0.22)	0.00	(1.14)	0.00	0.00	3.27	(3.25)	9.66
PBH	0.92	0.20	0.14	0.37	0.91	(1.02)	1.90	(1.76)	4.90
PCRX	1.90	0.25	0.11	0.32	1.95	(2.09)	3.96	(3.21)	10.38
COLL	1.88	(0.34)	0.00	(0.19)	0.00	0.00	3.59	(4.47)	12.29
PROC	5.78	(0.48)	0.00	(0.06)	0.00	0.00	8.74	(12.37)	63.61
SSIC	1.09	0.12	0.04	0.43	1.04	(1.35)	2.89	(1.82)	7.09
ALKS	1.71	(0.18)	0.00	(0.01)	0.00	0.00	4.14	(3.59)	9.74

HUTCHMED DRC Corporate Management

Kin MBA	Senior Communications	Profile
CA BEc	CFO Director	Profile
CS CGP	Company Director	Profile
Yiling Cui	Executive Operations	Profile
Charles Nixon	Group Counsel	Profile
Qingmei Wang	Senior Alliances	Profile

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