Neurogene Correlations

NGNE Stock

20.60 1.51 6.83%

The current 90-days correlation between Neurogene and Lineage Cell Therapeutics is 0.19 (i.e., Average diversification). The correlation of Neurogene 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.

Neurogene Correlation With Market

Weak diversification

The correlation between Neurogene 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 Neurogene and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Neurogene Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Neurogene. 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 information on how to trade Neurogene Stock refer to our How to Trade Neurogene Stock guide.

Moving together with Neurogene Stock

0.67	RAC	Race Oncology	Pair Corr
0.83	DTIL	Precision BioSciences Downward Rally	Pair Corr

Moving against Neurogene Stock

0.79	DNTH	Dianthus Therapeutics	Pair Corr
0.65	DSGN	Design Therapeutics	Pair Corr
0.6	DMAC	DiaMedica Therapeutics	Pair Corr
0.6	0P6S	Bayer AG NA	Pair Corr
0.53	VCYT	Veracyte	Pair Corr
0.51	VERA	Vera Therapeutics	Pair Corr
0.43	DRUG	Bright Minds Biosciences	Pair Corr
0.38	DRTS	Alpha Tau Medical	Pair Corr
0.33	DVAX	Dynavax Technologies Trending	Pair Corr
0.31	DNLI	Denali Therapeutics	Pair Corr
0.61	ENTA	Enanta Pharmaceuticals	Pair Corr
0.6	VTVT	vTv Therapeutics	Pair Corr
0.58	VRDN	Viridian Therapeutics	Pair Corr
0.43	SRZNW	Surrozen Warrant	Pair Corr
0.41	VNDA	Vanda Pharmaceuticals Trending	Pair Corr
0.38	VXRT	Vaxart Inc	Pair Corr
0.37	VRTX	Vertex Pharmaceuticals	Pair Corr
0.34	KTTAW	Pasithea Therapeutics	Pair Corr

Related Correlations Analysis

	LCTX	OCGN	FULC	AUTL	ADCT	BNTC	SLDB	PRTC	QSI	ALMS
LCTX		-0.03	-0.28	-0.3	0.26	0.13	-0.37	-0.08	0.1	-0.24	LCTX
OCGN	-0.03		-0.3	0.63	0.28	0.51	0.56	0.85	0.58	-0.48	OCGN
FULC	-0.28	-0.3		0.19	-0.46	-0.48	0.29	-0.37	-0.49	0.84	FULC
AUTL	-0.3	0.63	0.19		-0.16	0.21	0.8	0.52	0.21	0.17	AUTL
ADCT	0.26	0.28	-0.46	-0.16		0.35	-0.06	0.19	0.43	-0.53	ADCT
BNTC	0.13	0.51	-0.48	0.21	0.35		0.22	0.43	0.86	-0.64	BNTC
SLDB	-0.37	0.56	0.29	0.8	-0.06	0.22		0.52	0.28	0.15	SLDB
PRTC	-0.08	0.85	-0.37	0.52	0.19	0.43	0.52		0.53	-0.45	PRTC
QSI	0.1	0.58	-0.49	0.21	0.43	0.86	0.28	0.53		-0.62	QSI
ALMS	-0.24	-0.48	0.84	0.17	-0.53	-0.64	0.15	-0.45	-0.62		ALMS
	LCTX	OCGN	FULC	AUTL	ADCT	BNTC	SLDB	PRTC	QSI	ALMS

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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

QSI	+ 0.86	BNTC
PRTC	+ 0.85	OCGN
ALMS	+ 0.84	FULC
SLDB	+ 0.8	AUTL
AUTL	+ 0.63	OCGN
QSI	+ 0.58	OCGN

High negative correlations

ALMS	- 0.64	BNTC
ALMS	- 0.62	QSI
ALMS	- 0.53	ADCT
QSI	- 0.49	FULC
BNTC	- 0.48	FULC
ALMS	- 0.48	OCGN

Risk-Adjusted Indicators

There is a big difference between Neurogene Stock performing well and Neurogene 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 Neurogene'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
LCTX	2.81	(0.18)	0.00	(0.02)	0.00	0.00	4.68	(6.08)	15.77
OCGN	3.14	(0.15)	0.00	(0.02)	0.00	0.00	5.69	(6.56)	19.88
FULC	4.74	0.65	0.11	(1.90)	4.72	(5.52)	11.56	(7.75)	53.70
AUTL	4.03	0.32	0.10	0.18	3.91	(5.07)	11.98	(6.29)	27.74
ADCT	3.67	0.06	0.02	0.11	4.72	(4.19)	8.71	(7.56)	24.27
BNTC	2.74	0.04	0.01	0.09	5.90	(2.45)	5.58	(5.63)	29.53
SLDB	3.77	(0.16)	(0.01)	0.00	5.13	(3.79)	9.16	(7.56)	29.50
PRTC	1.95	(0.04)	(0.02)	0.01	2.63	(2.31)	4.53	(4.23)	14.71
QSI	4.71	(0.51)	0.00	(0.06)	0.00	0.00	11.69	(8.51)	34.79
ALMS	3.53	1.43	0.43	1.55	2.33	(4.34)	6.99	(4.74)	41.17

Neurogene Corporate Management

MD MBA	Senior Development	Profile
Effie MD	Senior Research	Profile
Donna JD	Senior Counsel	Profile
CPI FAAP	Quality Affairs	Profile
Ricardo Jimenez	Senior Operations	Profile

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