Kezar Life Correlations

KZR Stock

USD 6.48 0.05 0.78%

The current 90-days correlation between Kezar Life Sciences and Century Therapeutics is 0.19 (i.e., Average diversification). The correlation of Kezar Life 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.

Kezar Life Correlation With Market

Significant diversification

The correlation between Kezar Life Sciences and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kezar Life Sciences and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kezar Life Sciences. 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.

Moving together with Kezar Stock

0.83	JNJ	Johnson Johnson	Pair Corr
0.82	UPC	Universe Pharmaceuticals	Pair Corr
0.73	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.81	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.78	ENSG	Ensign Group	Pair Corr
0.77	NHC	National HealthCare	Pair Corr
0.85	INNV	InnovAge Holding Corp Earnings Call This Week	Pair Corr
0.87	PNTG	Pennant Group	Pair Corr
0.73	688639	Anhui Huaheng Biotec	Pair Corr
0.73	301301	Yili Chuanning Biote	Pair Corr
0.71	688739	Liaoning Chengda Bio	Pair Corr

Moving against Kezar Stock

0.81	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.59	BFRI	Biofrontera	Pair Corr
0.58	EHAB	Enhabit	Pair Corr
0.46	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.35	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.85	GILT	Gilat Satellite Networks	Pair Corr
0.78	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.75	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.71	VIST	Vista Oil Gas	Pair Corr
0.67	V	Visa Class A	Pair Corr
0.52	NRG	NRG Energy	Pair Corr
0.51	MTZ	MasTec Inc	Pair Corr
0.5	BAMXF	Bayerische Motoren Werke	Pair Corr
0.47	ADUS	Addus HomeCare	Pair Corr
0.33	CHKP	Check Point Software Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IPSC	MLYS	NKTX	NGM	SRZN	BOLT	LRMR	KROS	LYEL	CGEM
IPSC		0.76	0.61	0.53	-0.41	0.74	0.78	0.88	0.76	0.67	IPSC
MLYS	0.76		0.65	0.62	-0.12	0.75	0.74	0.72	0.71	0.81	MLYS
NKTX	0.61	0.65		0.7	-0.18	0.87	0.8	0.71	0.74	0.89	NKTX
NGM	0.53	0.62	0.7		-0.4	0.62	0.8	0.64	0.69	0.79	NGM
SRZN	-0.41	-0.12	-0.18	-0.4		-0.15	-0.5	-0.51	-0.42	-0.23	SRZN
BOLT	0.74	0.75	0.87	0.62	-0.15		0.82	0.79	0.8	0.87	BOLT
LRMR	0.78	0.74	0.8	0.8	-0.5	0.82		0.89	0.89	0.9	LRMR
KROS	0.88	0.72	0.71	0.64	-0.51	0.79	0.89		0.89	0.79	KROS
LYEL	0.76	0.71	0.74	0.69	-0.42	0.8	0.89	0.89		0.85	LYEL
CGEM	0.67	0.81	0.89	0.79	-0.23	0.87	0.9	0.79	0.85		CGEM
	IPSC	MLYS	NKTX	NGM	SRZN	BOLT	LRMR	KROS	LYEL	CGEM

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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

CGEM	+ 0.9	LRMR
CGEM	+ 0.89	NKTX
KROS	+ 0.89	LRMR
LYEL	+ 0.89	LRMR
LYEL	+ 0.89	KROS
KROS	+ 0.88	IPSC

High negative correlations

KROS	- 0.51	SRZN
LRMR	- 0.5	SRZN
LYEL	- 0.42	SRZN
SRZN	- 0.41	IPSC
SRZN	- 0.4	NGM
CGEM	- 0.23	SRZN

Risk-Adjusted Indicators

There is a big difference between Kezar Stock performing well and Kezar Life 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 Kezar Life'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
IPSC	3.80	(0.79)	0.00	(0.75)	0.00	0.00	6.73	(7.48)	31.00
MLYS	3.50	(0.38)	0.00	(0.52)	0.00	0.00	7.79	(6.95)	26.52
NKTX	3.44	(0.80)	0.00	(0.97)	0.00	0.00	7.33	(8.52)	25.45
NGM	3.76	(0.60)	0.00	3.59	0.00	0.00	6.16	(8.80)	24.21
SRZN	5.83	0.43	0.08	0.42	5.76	(7.67)	19.44	(10.20)	37.58
BOLT	2.33	(0.37)	0.00	(2.09)	0.00	0.00	5.00	(6.45)	16.07
LRMR	4.06	(1.03)	0.00	(0.52)	0.00	0.00	8.30	(10.56)	33.48
KROS	4.35	(1.59)	0.00	(1.44)	0.00	0.00	6.18	(7.31)	82.94
LYEL	4.65	(0.83)	0.00	(0.90)	0.00	0.00	11.63	(10.68)	36.92
CGEM	2.93	(0.51)	0.00	(3.76)	0.00	0.00	5.13	(7.10)	17.21

Kezar Life Corporate Management

Joe Tedrick	Vice Resources	Profile
Noreen MD	Chief Officer	Profile
Pattie Chiang	Senior Controller	Profile
Michael Wolfe	Sr Operations	Profile

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