IO Biotech Correlations

IOBT Stock

USD 0.21 0.31 59.62%

The current 90-days correlation between IO Biotech and Werewolf Therapeutics is 0.04 (i.e., Significant diversification). The correlation of IO Biotech 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.

IO Biotech Correlation With Market

Good diversification

The correlation between IO Biotech and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IO Biotech and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IOBT Stock

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

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

Moving together with IOBT Stock

0.62	VANI	Vivani Medical Buyout Trend	Pair Corr
0.74	DRMA	Dermata Therapeutics	Pair Corr
0.69	PYC	Physiomics Plc	Pair Corr
0.76	DTIL	Precision BioSciences	Pair Corr
0.62	VINC	Vincerx Pharma Common	Pair Corr
0.62	DWTX	Dogwood Therapeutics	Pair Corr
0.67	DYAI	Dyadic International	Pair Corr
0.67	VRAX	Virax Biolabs Group	Pair Corr
0.61	CDTTW	Conduit Pharmaceuticals	Pair Corr

Moving against IOBT Stock

0.78	0P6S	Bayer AG NA	Pair Corr
0.7	DVAX	Dynavax Technologies	Pair Corr
0.69	DSGN	Design Therapeutics	Pair Corr
0.67	DRTS	Alpha Tau Medical	Pair Corr
0.66	DNTH	Dianthus Therapeutics	Pair Corr
0.66	DRUG	Bright Minds Biosciences	Pair Corr
0.63	VERA	Vera Therapeutics	Pair Corr
0.5	VCYT	Veracyte	Pair Corr
0.47	DMAC	DiaMedica Therapeutics	Pair Corr
0.39	DNLI	Denali Therapeutics	Pair Corr
0.7	VRDN	Viridian Therapeutics	Pair Corr
0.7	VYNE	Vyne Therapeutics	Pair Corr
0.65	VNDA	Vanda Pharmaceuticals	Pair Corr
0.64	VTVT	vTv Therapeutics	Pair Corr
0.63	VXRT	Vaxart Inc	Pair Corr
0.62	VRTX	Vertex Pharmaceuticals	Pair Corr
0.5	ENTA	Enanta Pharmaceuticals	Pair Corr
0.48	ENGN	enGene Holdings Common	Pair Corr

Related Correlations Analysis

	HOWL	SPRB	ACET	OTLK	CUE	KPTI	NRXP	INKT	OSTX
HOWL		0.84	0.89	0.18	0.89	-0.48	0.75	0.77	0.76	HOWL
SPRB	0.84		0.93	0.02	0.87	-0.48	0.73	0.66	0.6	SPRB
ACET	0.89	0.93		-0.09	0.86	-0.37	0.86	0.77	0.57	ACET
OTLK	0.18	0.02	-0.09		0.07	-0.31	-0.15	-0.23	0.35	OTLK
CUE	0.89	0.87	0.86	0.07		-0.66	0.64	0.64	0.79	CUE
KPTI	-0.48	-0.48	-0.37	-0.31	-0.66		-0.15	-0.12	-0.61	KPTI
NRXP	0.75	0.73	0.86	-0.15	0.64	-0.15		0.78	0.37	NRXP
INKT	0.77	0.66	0.77	-0.23	0.64	-0.12	0.78		0.54	INKT
OSTX	0.76	0.6	0.57	0.35	0.79	-0.61	0.37	0.54		OSTX
	HOWL	SPRB	ACET	OTLK	CUE	KPTI	NRXP	INKT	OSTX

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

ACET	+ 0.93	SPRB
ACET	+ 0.89	HOWL
CUE	+ 0.89	HOWL
CUE	+ 0.87	SPRB
CUE	+ 0.86	ACET
NRXP	+ 0.86	ACET

High negative correlations

KPTI	- 0.66	CUE
OSTX	- 0.61	KPTI
KPTI	- 0.48	SPRB
KPTI	- 0.48	HOWL
KPTI	- 0.37	ACET
KPTI	- 0.31	OTLK

Risk-Adjusted Indicators

There is a big difference between IOBT Stock performing well and IO Biotech 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 IO Biotech'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
HOWL	4.40	(1.44)	0.00	(0.70)	0.00	0.00	7.69	(8.00)	51.99
SPRB	5.11	(0.78)	0.00	1.36	0.00	0.00	10.15	(9.96)	31.24
ACET	3.48	(1.07)	0.00	(1.42)	0.00	0.00	6.18	(7.60)	16.66
OTLK	5.80	(0.57)	0.00	0.30	0.00	0.00	12.74	(11.11)	73.07
CUE	5.27	(1.04)	0.00	(0.30)	0.00	0.00	11.11	(12.50)	50.98
KPTI	3.68	0.03	0.02	0.12	4.15	(3.97)	8.24	(6.78)	18.21
NRXP	3.86	(0.43)	0.00	(0.37)	0.00	0.00	7.34	(8.02)	21.29
INKT	2.88	(0.28)	0.00	(0.18)	0.00	0.00	5.79	(5.82)	19.87
OSTX	3.18	(0.39)	0.00	(0.16)	0.00	0.00	5.49	(6.84)	16.39

IO Biotech Corporate Management

MaiBritt Zocca	President, Founder	Profile
Qasim MD	Chief Officer	Profile
Faical Miyara	Chief Officer	Profile
Brian CPA	Senior Officer	Profile
Amy Sullivan	Chief Officer	Profile
Anders Ljungqvist	Founder	Profile
Brian Burkavage	Chief Officer	Profile

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