Omeros Correlations

OMER Stock

USD 8.62 0.22 2.49%

The current 90-days correlation between Omeros and Oric Pharmaceuticals is -0.07 (i.e., Good diversification). The correlation of Omeros 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.

Omeros Correlation With Market

Average diversification

The correlation between Omeros and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Omeros and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving against Omeros Stock

0.8	GNFT	Genfit	Pair Corr
0.76	VALN	Valneva SE ADR Upward Rally	Pair Corr
0.73	UPC	Universe Pharmaceuticals	Pair Corr
0.69	ME	23Andme Holding	Pair Corr
0.62	XWEL	XWELL Inc	Pair Corr
0.57	JNJ	Johnson Johnson	Pair Corr
0.52	HCM	HUTCHMED DRC	Pair Corr
0.51	OCEAW	Ocean Biomedical	Pair Corr
0.42	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	LLY	Eli Lilly Earnings Call This Week	Pair Corr
0.76	AMGN	Amgen Inc Earnings Call This Week	Pair Corr
0.74	SHPH	Shuttle Pharmaceuticals	Pair Corr
0.69	ABOS	Acumen Pharmaceuticals	Pair Corr
0.68	PRPH	ProPhase Labs	Pair Corr
0.67	REGN	Regeneron Pharmaceuticals	Pair Corr
0.6	APGE	Apogee Therapeutics,	Pair Corr
0.56	AQST	Aquestive Therapeutics	Pair Corr
0.49	ABBV	AbbVie Inc Buyout Trend	Pair Corr
0.7	SYRE	Spyre Therapeutics	Pair Corr
0.63	TTOO	T2 Biosystms	Pair Corr
0.63	ENSG	Ensign Group	Pair Corr
0.62	AVDL	Avadel Pharmaceuticals	Pair Corr
0.5	TCRX	Tscan Therapeutics	Pair Corr
0.42	TOVX	Theriva Biologics	Pair Corr

Related Correlations Analysis

	CRNX	ENTA	FOLD	CERE	CNTB	LGND	PASG	ORIC	LYEL	DSGN
CRNX		0.75	0.54	0.19	0.24	0.35	0.25	-0.3	0.73	0.69	CRNX
ENTA	0.75		0.83	0.19	0.28	0.23	-0.07	0.07	0.91	0.2	ENTA
FOLD	0.54	0.83		0.12	0.44	0.08	-0.05	0.06	0.67	0.03	FOLD
CERE	0.19	0.19	0.12		0.23	-0.13	0.07	-0.24	0.17	0.1	CERE
CNTB	0.24	0.28	0.44	0.23		-0.3	0.19	-0.27	0.23	0.08	CNTB
LGND	0.35	0.23	0.08	-0.13	-0.3		0.28	0.47	0.31	0.24	LGND
PASG	0.25	-0.07	-0.05	0.07	0.19	0.28		-0.04	-0.03	0.35	PASG
ORIC	-0.3	0.07	0.06	-0.24	-0.27	0.47	-0.04		0.17	-0.41	ORIC
LYEL	0.73	0.91	0.67	0.17	0.23	0.31	-0.03	0.17		0.25	LYEL
DSGN	0.69	0.2	0.03	0.1	0.08	0.24	0.35	-0.41	0.25		DSGN
	CRNX	ENTA	FOLD	CERE	CNTB	LGND	PASG	ORIC	LYEL	DSGN

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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

LYEL	+ 0.91	ENTA
FOLD	+ 0.83	ENTA
ENTA	+ 0.75	CRNX
LYEL	+ 0.73	CRNX
DSGN	+ 0.69	CRNX
LYEL	+ 0.67	FOLD

High negative correlations

DSGN	- 0.41	ORIC
LGND	- 0.3	CNTB
ORIC	- 0.3	CRNX
ORIC	- 0.27	CNTB
ORIC	- 0.24	CERE
LGND	- 0.13	CERE

Risk-Adjusted Indicators

There is a big difference between Omeros Stock performing well and Omeros 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 Omeros' 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
CRNX	2.34	(0.62)	0.00	(0.47)	0.00	0.00	3.10	(7.53)	21.52
ENTA	2.77	(1.31)	0.00	(1.15)	0.00	0.00	6.95	(5.92)	30.73
FOLD	1.37	(0.36)	0.00	(0.38)	0.00	0.00	2.33	(4.06)	11.40
CERE	0.77	0.07	(0.01)	12.08	0.94	(1.02)	1.91	(1.59)	6.40
CNTB	3.87	(0.13)	0.00	0.21	0.00	0.00	8.66	(7.55)	29.84
LGND	2.19	0.07	0.01	0.19	3.22	(2.05)	4.64	(5.43)	17.92
PASG	6.88	0.46	0.04	(1.44)	6.85	(9.53)	20.97	(11.88)	84.39
ORIC	3.71	0.34	0.08	0.31	4.22	(3.95)	8.04	(6.91)	22.87
LYEL	4.65	(0.83)	0.00	(0.90)	0.00	0.00	11.63	(10.68)	36.92
DSGN	4.39	(0.06)	0.00	(0.13)	0.00	0.00	8.72	(11.01)	33.11

Omeros Corporate Management

Peter JD	General VP	Profile
Nadia Dac	VP Officer	Profile
Debra MT	Chief Officer	Profile
David Ghesquiere	Chief Officer	Profile
Andreas MD	Chief Officer	Profile
Gregory MD	Chairman, CoFounder	Profile

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