NextCure Correlations

NXTC Stock

USD 13.21 0.11 0.84%

The current 90-days correlation between NextCure and Q32 Bio is -0.04 (i.e., Good diversification). The correlation of NextCure 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.

NextCure Correlation With Market

Weak diversification

The correlation between NextCure and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NextCure and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NextCure Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NextCure. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For information on how to trade NextCure Stock refer to our How to Trade NextCure Stock guide.

Moving against NextCure Stock

0.54	VANI	Vivani Medical	Pair Corr
0.48	ALSEN	Sensorion SA	Pair Corr
0.43	JUMP	Leveljump Healthcare Corp	Pair Corr
0.39	OB3	OPTIBIOTIX HLTH PLC	Pair Corr
0.33	H2K2	XTL Biopharmaceuticals Split	Pair Corr
0.47	75J	LEVELJUMP HEALTHCARE	Pair Corr
0.46	CDTTW	Conduit Pharmaceuticals	Pair Corr
0.44	VINC	Vincerx Pharma Common	Pair Corr
0.41	DTIL	Precision BioSciences	Pair Corr
0.39	IGS1	India Globalization	Pair Corr
0.34	VTGN	VistaGen Therapeutics	Pair Corr
0.32	9OF	BIORESTORATTHERAPDL	Pair Corr

Related Correlations Analysis

	QTTB	PSTV	BOLD	VRCA	ANTX	JSPR	INTS	PLUR	TAOX	ITRM
QTTB		-0.61	0.03	0.48	0.1	-0.58	-0.36	-0.4	-0.72	-0.61	QTTB
PSTV	-0.61		0.04	0.17	-0.03	0.77	0.6	-0.12	0.6	0.61	PSTV
BOLD	0.03	0.04		0.2	0.7	0.26	0.18	-0.3	-0.03	-0.03	BOLD
VRCA	0.48	0.17	0.2		0.19	0.2	0.17	-0.79	-0.34	-0.29	VRCA
ANTX	0.1	-0.03	0.7	0.19		0.06	0.36	-0.26	0.11	0.07	ANTX
JSPR	-0.58	0.77	0.26	0.2	0.06		0.58	-0.21	0.52	0.47	JSPR
INTS	-0.36	0.6	0.18	0.17	0.36	0.58		-0.07	0.54	0.63	INTS
PLUR	-0.4	-0.12	-0.3	-0.79	-0.26	-0.21	-0.07		0.39	0.44	PLUR
TAOX	-0.72	0.6	-0.03	-0.34	0.11	0.52	0.54	0.39		0.85	TAOX
ITRM	-0.61	0.61	-0.03	-0.29	0.07	0.47	0.63	0.44	0.85		ITRM
	QTTB	PSTV	BOLD	VRCA	ANTX	JSPR	INTS	PLUR	TAOX	ITRM

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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

ITRM	+ 0.85	TAOX
JSPR	+ 0.77	PSTV
ANTX	+ 0.7	BOLD
ITRM	+ 0.63	INTS
ITRM	+ 0.61	PSTV
INTS	+ 0.6	PSTV

High negative correlations

PLUR	- 0.79	VRCA
TAOX	- 0.72	QTTB
ITRM	- 0.61	QTTB
PSTV	- 0.61	QTTB
JSPR	- 0.58	QTTB
PLUR	- 0.4	QTTB

Risk-Adjusted Indicators

There is a big difference between NextCure Stock performing well and NextCure 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 NextCure'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
QTTB	5.10	1.22	0.20	(2.15)	4.68	(6.61)	9.17	(8.81)	85.16
PSTV	4.94	(0.91)	0.00	(0.29)	0.00	0.00	9.43	(8.82)	48.30
BOLD	2.08	(0.12)	0.00	(0.33)	0.00	0.00	4.24	(3.94)	16.75
VRCA	5.37	0.82	0.15	0.37	5.18	(6.58)	13.76	(10.27)	52.65
ANTX	2.48	(0.16)	0.00	(0.24)	0.00	0.00	4.55	(4.55)	32.31
JSPR	4.05	(0.40)	0.00	(1.02)	0.00	0.00	7.19	(8.14)	31.75
INTS	4.96	(0.65)	0.00	(0.23)	0.00	0.00	11.43	(11.63)	63.20
PLUR	3.72	(0.05)	0.00	0.82	0.00	0.00	9.90	(6.07)	22.62
TAOX	5.49	(0.94)	0.00	(0.19)	0.00	0.00	11.74	(10.43)	33.82
ITRM	4.74	(1.20)	0.00	(0.42)	0.00	0.00	9.38	(8.89)	26.92

NextCure Corporate Management

CPA CPA	Chief Officer	Profile
Steven CPA	Chief Officer	Profile
Sebastien Maloveste	Senior Development	Profile
Sourav Kundu	Senior Manufacturing	Profile
Kevin Shaw	General Counsel	Profile
Michael MSBA	CEO, CoFounder	Profile
Lieping MD	CoFounder Board	Profile

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