MannKind Corp Correlations

MNKD Stock  USD 5.76  0.10  1.77%   
The current 90-days correlation between MannKind Corp and Liquidia Technologies is 0.09 (i.e., Significant diversification). The correlation of MannKind Corp 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.

MannKind Corp Correlation With Market

MannKindDowDiversified AwayMannKindDowDiversified Away100%

Weak diversification

The correlation between MannKind Corp and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MannKind Corp 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 MannKind Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For information on how to trade MannKind Stock refer to our How to Trade MannKind Stock guide.

Moving together with MannKind Stock

  0.81VERA Vera TherapeuticsPairCorr
  0.76DSGN Design TherapeuticsPairCorr
  0.62VNDA Vanda PharmaceuticalsPairCorr
  0.9VTRS Viatris Earnings Call This WeekPairCorr

Moving against MannKind Stock

  0.71VALN Valneva SE ADRPairCorr
  0.59DOMH Dominari HoldingsPairCorr
  0.54VIGL Vigil NeurosciencePairCorr
  0.43EQ EquilliumPairCorr
  0.38VERV Verve TherapeuticsPairCorr
  0.61VRNA Verona Pharma PLC Buyout TrendPairCorr
  0.51VTVT vTv TherapeuticsPairCorr
  0.39SRZNW Surrozen WarrantPairCorr
  0.38VRTX Vertex PharmaceuticalsPairCorr
  0.35VTGN VistaGen TherapeuticsPairCorr
  0.31VXRT Vaxart IncPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
KNSADAWN
DAWNLRMR
KNSALRMR
DAWNPCVX
KNSALEGN
DAWNLEGN
  
High negative correlations   
LRMRLQDA
DAWNLQDA
KNSALQDA
VSTMLRMR
VSTMDAWN
VSTMKNSA

Risk-Adjusted Indicators

There is a big difference between MannKind Stock performing well and MannKind Corp 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 MannKind Corp'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BMRN  1.22  0.06  0.04 (0.26) 1.82 
 2.52 
 10.00 
PCVX  2.13 (0.18) 0.00 (0.14) 0.00 
 3.63 
 18.24 
LQDA  1.98  0.75  0.34  0.65  1.62 
 5.63 
 11.12 
LEGN  2.36  0.03  0.01  0.08  2.93 
 5.06 
 13.49 
TECH  1.54 (0.15) 0.00 (0.18) 0.00 
 3.86 
 9.50 
UTHR  1.24 (0.09) 0.00 (0.83) 0.00 
 2.26 
 8.88 
LRMR  3.68 (1.21) 0.00 (0.91) 0.00 
 6.61 
 29.16 
DAWN  1.90 (0.19) 0.00 (0.38) 0.00 
 3.92 
 10.17 
KNSA  1.75 (0.11) 0.00 (0.24) 0.00 
 2.92 
 11.36 
VSTM  4.80  0.73  0.16  2.20  4.36 
 12.84 
 50.66 

MannKind Corp Corporate Management

John BedardSenior AffairsProfile
Burkhard MDExecutive OfficerProfile
Stuart TrossChief People OfficerProfile
Christopher MBAChief OfficerProfile
Lauren SabellaExecutive OperationsProfile
Michael PharmDCEO DirectorProfile
McCauley JDChief OfficerProfile

Trending Assets

BMRN
Biomarin Pharmaceutical
68.25  -0.48  -0.7 
ICPT
Intercept Pharmaceuticals
0.00  0.00  0.00 
VSTM
Verastem
5.68  0.11  1.97 
SABS
SAB Biotherapeutics
1.82  -0.13  -6.67