HUTCHMED DRC Correlations

HCM Stock

USD 13.81 0.17 1.25%

The current 90-days correlation between HUTCHMED DRC and ANI Pharmaceuticals is 0.11 (i.e., Average 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

Significant diversification

The correlation between HUTCHMED DRC and DJI is 0.09 (i.e., Significant 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

0.87	JNJ	Johnson Johnson	Pair Corr
0.82	INZY	Inozyme Pharma	Pair Corr
0.73	KRYS	Krystal Biotech	Pair Corr
0.8	MREO	Mereo BioPharma Group	Pair Corr
0.83	NKTX	Nkarta Inc	Pair Corr
0.88	PDSB	PDS Biotechnology Corp	Pair Corr
0.68	PLRX	Pliant Therapeutics	Pair Corr
0.89	ABOS	Acumen Pharmaceuticals	Pair Corr
0.8	ADAP	Adaptimmune Therapeutics	Pair Corr
0.89	AFMD	Affimed NV	Pair Corr
0.7	AGIO	Agios Pharm	Pair Corr
0.78	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.82	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.64	APTO	Aptose Biosciences	Pair Corr
0.64	STOK	Stoke Therapeutics	Pair Corr
0.7	BDTX	Black Diamond Therap	Pair Corr
0.71	TERN	Terns Pharmaceuticals Buyout Trend	Pair Corr
0.87	CRVS	Corvus Pharmaceuticals	Pair Corr
0.77	DAWN	Day One Biopharmaceu	Pair Corr
0.85	ACET	Adicet Bio	Pair Corr

Moving against HUTCHMED Stock

0.73	MLAB	Mesa Laboratories Earnings Call This Week	Pair Corr
0.51	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.49	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.37	XFOR	X4 Pharmaceuticals	Pair Corr
0.32	MDGL	Madrigal Pharmaceuticals	Pair Corr
0.69	CDXS	Codexis	Pair Corr
0.51	BPMC	Blueprint Medicines Corp Sell-off Trend	Pair Corr
0.37	PTCT	PTC Therapeutics	Pair Corr
0.71	MNPR	Monopar Therapeutics	Pair Corr
0.64	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr

Related Correlations Analysis

	EGRX	ANIP	PAHC	DCPH	PBH	PCRX	COLL	PROC	SSIC	ALKS
EGRX		0.1	0.5	0.31	-0.17	-0.73	0.22	-0.12	-0.68	-0.65	EGRX
ANIP	0.1		0.59	-0.2	0.17	0.1	0.46	-0.31	-0.29	0.15	ANIP
PAHC	0.5	0.59		-0.04	0.53	-0.52	0.04	-0.44	-0.61	-0.11	PAHC
DCPH	0.31	-0.2	-0.04		-0.27	-0.35	-0.03	0.39	-0.13	-0.37	DCPH
PBH	-0.17	0.17	0.53	-0.27		-0.11	-0.51	-0.22	0.05	0.5	PBH
PCRX	-0.73	0.1	-0.52	-0.35	-0.11		0.16	0.19	0.63	0.67	PCRX
COLL	0.22	0.46	0.04	-0.03	-0.51	0.16		-0.13	-0.28	-0.29	COLL
PROC	-0.12	-0.31	-0.44	0.39	-0.22	0.19	-0.13		0.61	0.24	PROC
SSIC	-0.68	-0.29	-0.61	-0.13	0.05	0.63	-0.28	0.61		0.69	SSIC
ALKS	-0.65	0.15	-0.11	-0.37	0.5	0.67	-0.29	0.24	0.69		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

ALKS	+ 0.69	SSIC
ALKS	+ 0.67	PCRX
SSIC	+ 0.63	PCRX
SSIC	+ 0.61	PROC
PAHC	+ 0.59	ANIP
PBH	+ 0.53	PAHC

High negative correlations

PCRX	- 0.73	EGRX
SSIC	- 0.68	EGRX
ALKS	- 0.65	EGRX
SSIC	- 0.61	PAHC
PCRX	- 0.52	PAHC
COLL	- 0.51	PBH

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	(1.23)	0.00	(3.54)	0.00	0.00	9.24	(8.24)	53.71
ANIP	1.54	(0.03)	(0.04)	0.03	1.90	(1.61)	3.04	(3.64)	9.65
PAHC	1.48	(0.13)	0.00	(0.12)	0.00	0.00	3.31	(3.47)	13.78
DCPH	1.66	(0.19)	0.00	1.29	0.00	0.00	3.27	(3.25)	9.66
PBH	0.95	0.06	0.02	0.22	1.07	(1.01)	1.87	(1.95)	6.91
PCRX	2.24	0.68	0.25	3.70	1.92	(2.51)	5.32	(3.61)	18.06
COLL	1.88	(0.07)	0.00	(0.30)	0.00	0.00	3.07	(3.39)	17.80
PROC	10.59	1.09	0.09	3.20	10.83	(15.10)	38.04	(18.67)	122.49
SSIC	1.01	0.21	0.10	(6.27)	0.80	(1.38)	3.36	(1.54)	8.15
ALKS	1.43	0.20	0.12	0.37	1.30	(1.65)	4.23	(2.61)	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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