Humacyte Correlations

HUMA Stock

USD 1.05 0.07 6.25%

The current 90-days correlation between Humacyte and Entrada Therapeutics is 0.31 (i.e., Weak diversification). The correlation of Humacyte 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.

Humacyte Correlation With Market

Very good diversification

The correlation between Humacyte and DJI is -0.49 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Humacyte and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Humacyte Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Humacyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

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

Moving together with Humacyte Stock

0.92	DRMA	Dermata Therapeutics	Pair Corr
0.8	VRAX	Virax Biolabs Group	Pair Corr
0.92	WINT	Windtree Therapeutics	Pair Corr
0.87	CUE	Cue Biopharma	Pair Corr
0.66	PLX	Protalix Biotherapeutics	Pair Corr
0.77	XRTX	XORTX Therapeutics	Pair Corr
0.84	GNLX	Genelux Common	Pair Corr
0.81	MDCX	Medicus Pharma	Pair Corr
0.78	MLEC	Moolec Science SA	Pair Corr
0.77	NRXP	NRX Pharmaceuticals	Pair Corr
0.72	OSTX	OS Therapies	Pair Corr
0.84	PTIX	Protagenic Therapeutics	Pair Corr
0.77	AMRN	Amarin PLC	Pair Corr
0.79	SPRB	Spruce Biosciences Common	Pair Corr
0.67	PIFMY	Indofood Sukses Makmur	Pair Corr

Moving against Humacyte Stock

0.65	FBIO	Fortress Biotech	Pair Corr
0.49	DRTS	Alpha Tau Medical	Pair Corr
0.47	IPSC	Century Therapeutics	Pair Corr
0.45	DMAC	DiaMedica Therapeutics	Pair Corr
0.82	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.8	HRMY	Harmony Biosciences	Pair Corr
0.76	PTITF	PT Indosat Tbk	Pair Corr
0.68	TLK	Telkom Indonesia Tbk	Pair Corr
0.65	JBHT	JB Hunt Transport	Pair Corr
0.6	KEP	Korea Electric Power	Pair Corr
0.59	EC	Ecopetrol SA ADR	Pair Corr
0.55	PTAIY	Astra International Tbk	Pair Corr
0.54	BMO	Bank of Montreal	Pair Corr
0.53	CLLS	Cellectis SA	Pair Corr
0.49	DBVT	DBV Technologies Trending	Pair Corr
0.49	PHXHF	PHX Energy Services	Pair Corr
0.42	MTRT	Metal Arts	Pair Corr

Related Correlations Analysis

	TRDA	ARCT	ACHV	VYGR	SGMT	IMRX	VNDA	FHTX	AVIR	NAUT
TRDA		-0.63	0.02	-0.64	-0.85	-0.19	0.69	0.64	0.23	0.79	TRDA
ARCT	-0.63		0.22	0.73	0.47	-0.16	-0.27	-0.38	-0.03	-0.68	ARCT
ACHV	0.02	0.22		-0.09	-0.12	-0.62	0.45	0.45	0.61	-0.09	ACHV
VYGR	-0.64	0.73	-0.09		0.56	0.09	-0.4	-0.62	-0.23	-0.69	VYGR
SGMT	-0.85	0.47	-0.12	0.56		0.24	-0.77	-0.55	-0.33	-0.61	SGMT
IMRX	-0.19	-0.16	-0.62	0.09	0.24		-0.45	-0.49	-0.43	0.11	IMRX
VNDA	0.69	-0.27	0.45	-0.4	-0.77	-0.45		0.74	0.66	0.38	VNDA
FHTX	0.64	-0.38	0.45	-0.62	-0.55	-0.49	0.74		0.6	0.52	FHTX
AVIR	0.23	-0.03	0.61	-0.23	-0.33	-0.43	0.66	0.6		0.05	AVIR
NAUT	0.79	-0.68	-0.09	-0.69	-0.61	0.11	0.38	0.52	0.05		NAUT
	TRDA	ARCT	ACHV	VYGR	SGMT	IMRX	VNDA	FHTX	AVIR	NAUT

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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

NAUT	+ 0.79	TRDA
FHTX	+ 0.74	VNDA
VYGR	+ 0.73	ARCT
VNDA	+ 0.69	TRDA
AVIR	+ 0.66	VNDA
FHTX	+ 0.64	TRDA

High negative correlations

SGMT	- 0.85	TRDA
VNDA	- 0.77	SGMT
NAUT	- 0.69	VYGR
NAUT	- 0.68	ARCT
VYGR	- 0.64	TRDA
ARCT	- 0.63	TRDA

Risk-Adjusted Indicators

There is a big difference between Humacyte Stock performing well and Humacyte 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 Humacyte'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
TRDA	2.83	0.91	0.34	1.19	2.07	(3.46)	6.98	(4.00)	15.00
ARCT	4.17	(1.43)	0.00	(0.38)	0.00	0.00	6.53	(7.02)	57.84
ACHV	3.06	0.09	0.05	0.11	3.42	(3.51)	5.86	(5.83)	21.45
VYGR	2.60	(0.39)	0.00	(0.27)	0.00	0.00	4.58	(5.23)	19.71
SGMT	3.29	(0.39)	0.00	(0.12)	0.00	0.00	6.08	(7.51)	36.94
IMRX	4.14	0.26	0.02	(1.29)	8.71	(4.16)	8.12	(7.44)	67.18
VNDA	3.71	0.85	0.13	(1.05)	4.85	(3.95)	11.39	(6.34)	39.51
FHTX	4.03	0.60	0.13	0.44	4.29	(4.74)	9.16	(5.56)	31.12
AVIR	2.08	0.35	0.10	0.44	2.89	(2.27)	4.64	(3.27)	16.12
NAUT	5.96	1.30	0.18	(26.18)	5.59	(8.56)	16.32	(12.00)	53.15

Humacyte Corporate Management

Harold Alterson	Senior Quality	Profile
Sabrina Osborne	Executive People	Profile
Dale Sander	Chief CFO	Profile
Heather Connelly	Senior Quality	Profile
William Scheessele	Chief Officer	Profile
Yang MD	Chief Officer	Profile

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