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
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.
MannKind |
Moving together with MannKind Stock
0.81 | VERA | Vera Therapeutics | PairCorr |
0.76 | DSGN | Design Therapeutics | PairCorr |
0.62 | VNDA | Vanda Pharmaceuticals | PairCorr |
0.9 | VTRS | Viatris Earnings Call This Week | PairCorr |
Moving against MannKind Stock
0.71 | VALN | Valneva SE ADR | PairCorr |
0.59 | DOMH | Dominari Holdings | PairCorr |
0.54 | VIGL | Vigil Neuroscience | PairCorr |
0.43 | EQ | Equillium | PairCorr |
0.38 | VERV | Verve Therapeutics | PairCorr |
0.61 | VRNA | Verona Pharma PLC Buyout Trend | PairCorr |
0.51 | VTVT | vTv Therapeutics | PairCorr |
0.39 | SRZNW | Surrozen Warrant | PairCorr |
0.38 | VRTX | Vertex Pharmaceuticals | PairCorr |
0.35 | VTGN | VistaGen Therapeutics | PairCorr |
0.31 | VXRT | Vaxart Inc | PairCorr |
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
| High negative correlations
|
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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum 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 Bedard | Senior Affairs | Profile | |
Burkhard MD | Executive Officer | Profile | |
Stuart Tross | Chief People Officer | Profile | |
Christopher MBA | Chief Officer | Profile | |
Lauren Sabella | Executive Operations | Profile | |
Michael PharmD | CEO Director | Profile | |
McCauley JD | Chief Officer | Profile |