Nektar Therapeutics Correlations

NKTR Stock

USD 0.85 0.01 1.19%

The current 90-days correlation between Nektar Therapeutics and Assembly Biosciences is 0.29 (i.e., Modest diversification). The correlation of Nektar Therapeutics 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.

Nektar Therapeutics Correlation With Market

Modest diversification

The correlation between Nektar Therapeutics and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nektar Therapeutics 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 Nektar Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Nektar Stock, please use our How to Invest in Nektar Therapeutics guide.

Moving together with Nektar Stock

0.69	ADAP	Adaptimmune Therapeutics	Pair Corr
0.69	AMLX	Amylyx Pharmaceuticals	Pair Corr
0.62	DAWN	Day One Biopharmaceu	Pair Corr
0.64	CRGP	Calissio Resources	Pair Corr

Moving against Nektar Stock

0.54	MNPR	Monopar Therapeutics	Pair Corr
0.31	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr

Related Correlations Analysis

	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	NUVB
ASMB		0.7	-0.2	0.55	0.0	0.44	0.57	0.11	ASMB
SPRO	0.7		-0.61	0.75	0.0	0.34	0.92	0.0	SPRO
ACHL	-0.2	-0.61		-0.5	0.0	-0.43	-0.69	0.25	ACHL
TIL	0.55	0.75	-0.5		0.0	0.13	0.83	-0.16	TIL
NLTX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NLTX
CTMX	0.44	0.34	-0.43	0.13	0.0		0.21	0.31	CTMX
NXTC	0.57	0.92	-0.69	0.83	0.0	0.21		-0.12	NXTC
NUVB	0.11	0.0	0.25	-0.16	0.0	0.31	-0.12		NUVB
	ASMB	SPRO	ACHL	TIL	NLTX	CTMX	NXTC	NUVB

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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

NXTC	+ 0.92	SPRO
NXTC	+ 0.83	TIL
TIL	+ 0.75	SPRO
SPRO	+ 0.7	ASMB
NXTC	+ 0.57	ASMB
TIL	+ 0.55	ASMB

High negative correlations

NXTC	- 0.69	ACHL
ACHL	- 0.61	SPRO
TIL	- 0.5	ACHL
CTMX	- 0.43	ACHL
ACHL	- 0.2	ASMB
NUVB	- 0.16	TIL

Risk-Adjusted Indicators

There is a big difference between Nektar Stock performing well and Nektar Therapeutics 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 Nektar Therapeutics' 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
ASMB	2.86	(0.24)	0.00	(0.22)	0.00	0.00	5.74	(5.39)	24.82
SPRO	2.49	(0.60)	0.00	(0.72)	0.00	0.00	5.56	(4.76)	17.35
ACHL	1.37	0.23	0.07	(2.97)	1.22	(2.38)	2.59	(2.86)	19.72
TIL	5.77	(0.25)	0.00	(0.12)	0.00	0.00	14.68	(9.64)	26.56
NLTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTMX	3.64	(0.33)	0.00	(0.16)	0.00	0.00	7.32	(9.00)	23.37
NXTC	3.02	(0.82)	0.00	(0.56)	0.00	0.00	6.74	(7.45)	24.13
NUVB	3.30	0.10	0.02	0.26	3.70	(4.05)	9.48	(7.38)	23.46

Nektar Therapeutics Corporate Management

Mark JD	Chief VP	Profile
Mark Wilson	Chief Sec	Profile
Sandra Gardiner	Interim Officer	Profile
Kevin Brodbeck	VP Operations	Profile

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