Humacyte Correlations

HUMAW Stock

USD 0.15 0.04 36.27%

The current 90-days correlation between Humacyte and Abeona Therapeutics is -0.23 (i.e., Very good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Humacyte Correlation With Market

Good diversification

The correlation between Humacyte and DJI is -0.04 (i.e., 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 signals in nation.

For more information on how to buy Humacyte Stock please use our How to Invest in Humacyte guide.

Moving together with Humacyte Stock

0.7	PG	Procter Gamble	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.84	HD	Home Depot Sell-off Trend	Pair Corr
0.81	MSFT	Microsoft	Pair Corr

Moving against Humacyte Stock

0.92	FTV	Fortive Corp	Pair Corr
0.89	CSCO	Cisco Systems	Pair Corr
0.89	MRK	Merck Company Sell-off Trend	Pair Corr
0.83	XOM	Exxon Mobil Corp	Pair Corr
0.83	BAC	Bank of America Earnings Call This Week	Pair Corr
0.82	TRV	The Travelers Companies	Pair Corr
0.81	AMGN	Amgen Inc	Pair Corr
0.8	CAT	Caterpillar	Pair Corr
0.79	AXP	American Express	Pair Corr
0.68	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.57	IBM	International Business	Pair Corr
0.55	KO	Coca Cola	Pair Corr
0.54	GILD	Gilead Sciences	Pair Corr
0.46	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ABEO	IMRX	ZURA	ASMB	FHTX	PYXS	TNYA	NAUT	SGMT	ARCT
ABEO		-0.44	0.19	-0.41	0.12	-0.47	0.16	-0.37	-0.19	0.44	ABEO
IMRX	-0.44		0.25	0.46	0.33	0.2	-0.29	0.55	-0.08	-0.46	IMRX
ZURA	0.19	0.25		0.08	0.72	-0.66	-0.64	0.25	-0.46	-0.31	ZURA
ASMB	-0.41	0.46	0.08		0.37	0.33	-0.52	0.9	-0.32	-0.8	ASMB
FHTX	0.12	0.33	0.72	0.37		-0.59	-0.76	0.51	-0.58	-0.43	FHTX
PYXS	-0.47	0.2	-0.66	0.33	-0.59		0.48	0.11	0.47	-0.03	PYXS
TNYA	0.16	-0.29	-0.64	-0.52	-0.76	0.48		-0.71	0.7	0.76	TNYA
NAUT	-0.37	0.55	0.25	0.9	0.51	0.11	-0.71		-0.52	-0.88	NAUT
SGMT	-0.19	-0.08	-0.46	-0.32	-0.58	0.47	0.7	-0.52		0.42	SGMT
ARCT	0.44	-0.46	-0.31	-0.8	-0.43	-0.03	0.76	-0.88	0.42		ARCT
	ABEO	IMRX	ZURA	ASMB	FHTX	PYXS	TNYA	NAUT	SGMT	ARCT

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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	+ 0.9	ASMB
ARCT	+ 0.76	TNYA
FHTX	+ 0.72	ZURA
SGMT	+ 0.7	TNYA
NAUT	+ 0.55	IMRX
NAUT	+ 0.51	FHTX

High negative correlations

ARCT	- 0.88	NAUT
ARCT	- 0.8	ASMB
TNYA	- 0.76	FHTX
NAUT	- 0.71	TNYA
PYXS	- 0.66	ZURA
TNYA	- 0.64	ZURA

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
ABEO	2.97	(0.20)	0.00	(0.03)	0.00	0.00	6.16	(5.49)	26.76
IMRX	3.42	0.54	0.13	0.82	3.53	(3.78)	7.28	(5.64)	16.45
ZURA	4.14	0.45	0.10	0.28	4.84	(4.48)	9.32	(7.55)	28.57
ASMB	2.85	0.44	0.12	0.44	3.42	(3.03)	6.33	(5.35)	18.53
FHTX	3.59	0.20	0.05	0.19	4.64	(3.79)	8.01	(7.37)	24.16
PYXS	6.27	(0.34)	0.00	(0.53)	0.00	0.00	14.12	(15.41)	80.28
TNYA	4.99	(0.88)	0.00	(4.15)	0.00	0.00	10.38	(11.04)	51.79
NAUT	6.22	1.73	0.25	2.63	5.52	(9.07)	17.02	(12.00)	53.15
SGMT	3.53	(0.43)	0.00	(0.12)	0.00	0.00	6.39	(8.25)	36.94
ARCT	4.41	(1.64)	0.00	(0.42)	0.00	0.00	6.53	(7.17)	59.77

Humacyte Corporate Management

MS MS	Chief Officer	Profile
Dale Sander	Chief CFO	Profile
Heather Connelly	Senior Quality	Profile
William Scheessele	Chief Officer	Profile
Lisa Molyneux	Executive Analysis	Profile
Shamik MD	Chief Officer	Profile

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