Nautilus Biotechnology Correlations

NAUT Stock

USD 1.71 0.06 3.39%

The current 90-days correlation between Nautilus Biotechnology and C4 Therapeutics is 0.29 (i.e., Modest diversification). The correlation of Nautilus Biotechnology 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.

Nautilus Biotechnology Correlation With Market

Average diversification

The correlation between Nautilus Biotechnology and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nautilus Biotechnology 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 Nautilus Biotechnology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Nautilus Stock please use our How to Invest in Nautilus Biotechnology guide.

Moving together with Nautilus Stock

0.86	JNJ	Johnson Johnson	Pair Corr
0.92	UPC	Universe Pharmaceuticals	Pair Corr
0.89	AMGN	Amgen Inc Earnings Call Tomorrow	Pair Corr
0.74	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.8	DERM	Journey Medical Corp Upward Rally	Pair Corr
0.89	ENSG	Ensign Group	Pair Corr
0.66	CVS	CVS Health Corp Earnings Call This Week	Pair Corr
0.65	EHC	Encompass Health Corp Earnings Call This Week	Pair Corr
0.7	NHC	National HealthCare	Pair Corr
0.92	INNV	InnovAge Holding Corp Earnings Call Tomorrow	Pair Corr
0.94	PNTG	Pennant Group	Pair Corr
0.61	688639	Anhui Huaheng Biotec	Pair Corr
0.82	301301	Yili Chuanning Biote	Pair Corr
0.63	688739	Liaoning Chengda Bio	Pair Corr

Moving against Nautilus Stock

0.78	ALTS	ALT5 Sigma Symbol Change	Pair Corr
0.57	BFRI	Biofrontera	Pair Corr
0.48	EHAB	Enhabit	Pair Corr
0.43	GILD	Gilead Sciences Earnings Call Tomorrow	Pair Corr
0.42	BMY	Bristol Myers Squibb Earnings Call This Week	Pair Corr
0.87	PLTR	Palantir Technologies Earnings Call Today	Pair Corr
0.84	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.73	GILT	Gilat Satellite Networks	Pair Corr
0.71	V	Visa Class A	Pair Corr
0.63	VIST	Vista Oil Gas	Pair Corr
0.43	BAMXF	Bayerische Motoren Werke	Pair Corr
0.42	CHKP	Check Point Software Earnings Call Tomorrow	Pair Corr
0.38	MTZ	MasTec Inc	Pair Corr
0.38	NRG	NRG Energy	Pair Corr

Related Correlations Analysis

	CCCC	KYMR	FHTX	RVMD	IPSC	BCAB	PMVP	CRBU	FIXX	DTIL
CCCC		0.83	0.8	0.67	0.59	0.84	0.74	0.76	0.03	0.85	CCCC
KYMR	0.83		0.86	0.74	0.76	0.85	0.74	0.78	0.16	0.82	KYMR
FHTX	0.8	0.86		0.94	0.82	0.94	0.88	0.87	0.24	0.92	FHTX
RVMD	0.67	0.74	0.94		0.74	0.83	0.81	0.84	0.23	0.84	RVMD
IPSC	0.59	0.76	0.82	0.74		0.85	0.85	0.82	0.28	0.67	IPSC
BCAB	0.84	0.85	0.94	0.83	0.85		0.89	0.86	0.31	0.88	BCAB
PMVP	0.74	0.74	0.88	0.81	0.85	0.89		0.87	0.22	0.75	PMVP
CRBU	0.76	0.78	0.87	0.84	0.82	0.86	0.87		0.12	0.74	CRBU
FIXX	0.03	0.16	0.24	0.23	0.28	0.31	0.22	0.12		0.1	FIXX
DTIL	0.85	0.82	0.92	0.84	0.67	0.88	0.75	0.74	0.1		DTIL
	CCCC	KYMR	FHTX	RVMD	IPSC	BCAB	PMVP	CRBU	FIXX	DTIL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Nautilus Stock performing well and Nautilus Biotechnology 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 Nautilus Biotechnology'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
CCCC	4.08	(0.79)	0.00	(0.41)	0.00	0.00	8.59	(7.99)	24.60
KYMR	2.88	(0.33)	0.00	(0.16)	0.00	0.00	5.88	(7.08)	16.08
FHTX	3.26	(0.96)	0.00	(0.49)	0.00	0.00	5.05	(8.30)	20.44
RVMD	1.91	(0.13)	0.00	(0.15)	0.00	0.00	4.70	(5.94)	16.40
IPSC	3.78	(0.75)	0.00	(0.66)	0.00	0.00	6.73	(7.48)	31.00
BCAB	4.91	(1.89)	0.00	(2.82)	0.00	0.00	8.85	(11.59)	54.97
PMVP	1.84	(0.27)	0.00	(0.30)	0.00	0.00	4.35	(4.57)	12.59
CRBU	3.59	(0.24)	0.00	(0.43)	0.00	0.00	9.16	(8.02)	28.53
FIXX	2.82	0.17	0.02	(0.42)	3.52	(3.25)	5.77	(5.61)	19.43
DTIL	4.67	(0.55)	0.00	5.50	0.00	0.00	11.38	(10.27)	36.93

Nautilus Biotechnology Corporate Management

Gwen Weld	Chief Officer	Profile
Parag Mallick	Chief CoFounder	Profile
Sujal Patel	CEO, CoFounder	Profile
Mary Godwin	Senior Operations	Profile
Chris Blessington	Vice Communications	Profile
Subra Sankar	Senior Development	Profile
Kentaro Suzuki	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC