Humacyte Correlations

HUMAW Stock

USD 0.13 0.02 18.18%

The current 90-days correlation between Humacyte and Arcturus Therapeutics Holdings is 0.17 (i.e., Average 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

Excellent diversification

The correlation between Humacyte and DJI is -0.68 (i.e., Excellent 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

0.61	DRMA	Dermata Therapeutics	Pair Corr
0.62	ABNX	Abionyx Pharma SA	Pair Corr
0.7	DTIL	Precision BioSciences	Pair Corr

Moving against Humacyte Stock

0.74	VERA	Vera Therapeutics	Pair Corr
0.67	DRUG	Bright Minds Biosciences	Pair Corr
0.6	EQ	Equillium	Pair Corr
0.53	DSGN	Design Therapeutics	Pair Corr
0.51	DRTS	Alpha Tau Medical	Pair Corr
0.48	GXEA	Galapagos NV Earnings Call This Week	Pair Corr
0.44	DXB	Dimerix Earnings Call This Week	Pair Corr
0.39	DMAC	DiaMedica Therapeutics	Pair Corr
0.31	SAB	Sonic Healthcare	Pair Corr
0.78	NP5	NEWRON PHARMACEUT	Pair Corr
0.74	HDP1	Arrowhead Pharmaceuticals	Pair Corr
0.7	VNDA	Vanda Pharmaceuticals Downward Rally	Pair Corr
0.63	VTVT	vTv Therapeutics	Pair Corr
0.61	VRTX	Vertex Pharmaceuticals	Pair Corr
0.59	0P6S	Bayer AG NA	Pair Corr
0.49	KTTAW	Pasithea Therapeutics	Pair Corr
0.38	DVAX	Dynavax Technologies	Pair Corr

Related Correlations Analysis

	ABEO	IMRX	ZURA	ASMB	FHTX	PYXS	TNYA	NAUT	SGMT	ARCT
ABEO		-0.33	0.4	-0.35	0.42	-0.57	-0.47	-0.06	-0.55	0.32	ABEO
IMRX	-0.33		-0.67	0.77	-0.65	0.58	0.6	-0.03	0.48	-0.64	IMRX
ZURA	0.4	-0.67		-0.9	0.74	-0.79	-0.72	0.32	-0.62	0.48	ZURA
ASMB	-0.35	0.77	-0.9		-0.71	0.75	0.69	-0.22	0.67	-0.54	ASMB
FHTX	0.42	-0.65	0.74	-0.71		-0.74	-0.67	0.15	-0.38	0.36	FHTX
PYXS	-0.57	0.58	-0.79	0.75	-0.74		0.88	-0.04	0.72	-0.14	PYXS
TNYA	-0.47	0.6	-0.72	0.69	-0.67	0.88		-0.05	0.69	-0.12	TNYA
NAUT	-0.06	-0.03	0.32	-0.22	0.15	-0.04	-0.05		-0.16	0.18	NAUT
SGMT	-0.55	0.48	-0.62	0.67	-0.38	0.72	0.69	-0.16		-0.24	SGMT
ARCT	0.32	-0.64	0.48	-0.54	0.36	-0.14	-0.12	0.18	-0.24		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

TNYA	+ 0.88	PYXS
ASMB	+ 0.77	IMRX
PYXS	+ 0.75	ASMB
FHTX	+ 0.74	ZURA
SGMT	+ 0.72	PYXS
TNYA	+ 0.69	ASMB

High negative correlations

ASMB	- 0.9	ZURA
PYXS	- 0.79	ZURA
PYXS	- 0.74	FHTX
TNYA	- 0.72	ZURA
FHTX	- 0.71	ASMB
TNYA	- 0.67	FHTX

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	2.47	0.20	0.07	0.19	2.91	(2.61)	5.53	(5.22)	12.04
IMRX	3.92	(0.01)	(0.01)	(4.74)	8.39	(3.92)	8.98	(5.64)	67.18
ZURA	3.53	0.70	0.14	0.80	4.24	(3.96)	9.32	(5.80)	33.15
ASMB	3.02	(0.47)	0.00	(0.33)	0.00	0.00	5.85	(8.75)	18.53
FHTX	3.62	0.52	0.11	(0.34)	3.34	(4.71)	8.60	(5.56)	31.12
PYXS	6.02	(1.16)	0.00	(0.69)	0.00	0.00	11.68	(15.41)	66.31
TNYA	4.82	(1.05)	0.00	(0.26)	0.00	0.00	9.02	(10.71)	48.07
NAUT	4.49	0.83	0.15	(4.66)	4.29	(5.90)	9.85	(7.62)	28.35
SGMT	3.08	(0.51)	0.00	(0.61)	0.00	0.00	5.78	(8.25)	22.02
ARCT	2.88	(0.03)	0.01	0.04	3.49	(3.17)	6.53	(6.44)	15.98

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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