Puma Biotechnology Correlations

PBYI Stock

USD 7.60 0.08 1.04%

The current 90-days correlation between Puma Biotechnology and Eledon Pharmaceuticals is -0.16 (i.e., Good diversification). The correlation of Puma 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.

Puma Biotechnology Correlation With Market

Very poor diversification

The correlation between Puma Biotechnology and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Puma Biotechnology and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Puma 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 services.

For more detail on how to invest in Puma Stock please use our How to Invest in Puma Biotechnology guide.

Moving together with Puma Stock

0.81	GXEA	Galapagos NV	Pair Corr
0.71	8VP1	AVRICORE HEALTH INC	Pair Corr
0.78	EQ	Equillium	Pair Corr
0.71	VALN	Valneva SE ADR	Pair Corr
0.68	DNTH	Dianthus Therapeutics	Pair Corr
0.84	6C1	CytomX Therapeutics Earnings Call This Week	Pair Corr
0.93	DRTS	Alpha Tau Medical Earnings Call This Week	Pair Corr
0.73	DSGN	Design Therapeutics	Pair Corr
0.87	0P6S	Bayer AG NA Earnings Call This Week	Pair Corr
0.7	VINC	Vincerx Pharma Common	Pair Corr
0.83	DVAX	Dynavax Technologies	Pair Corr

Moving against Puma Stock

0.85	VCYT	Veracyte	Pair Corr
0.8	OSE	OSE Pharma SA	Pair Corr
0.65	RAC	Race Oncology	Pair Corr
0.38	VCEL	Vericel Corp Ord Downward Rally	Pair Corr
0.32	VANI	Vivani Medical	Pair Corr
0.84	DTIL	Precision BioSciences	Pair Corr
0.8	DRMA	Dermata Therapeutics	Pair Corr
0.45	ABNX	Abionyx Pharma SA Earnings Call This Week	Pair Corr
0.39	DXB	Dimerix	Pair Corr
0.85	DWTX	Dogwood Therapeutics	Pair Corr
0.75	DYAI	Dyadic International	Pair Corr
0.71	IGS1	India Globalization	Pair Corr
0.7	BIM	Biomerieux SA	Pair Corr
0.64	VKTX	Viking Therapeutics	Pair Corr
0.57	9OF	BIORESTORATTHERAPDL	Pair Corr

Related Correlations Analysis

	ELDN	ABEO	VYGR	AVIR	ARCT	ALLO	HUMA	TRDA	SGMT
ELDN		0.25	-0.48	0.82	0.83	0.8	-0.39	0.72	-0.38	ELDN
ABEO	0.25		0.03	0.22	0.29	0.21	-0.2	0.32	-0.13	ABEO
VYGR	-0.48	0.03		-0.65	-0.19	-0.35	0.48	-0.05	0.58	VYGR
AVIR	0.82	0.22	-0.65		0.63	0.8	-0.47	0.59	-0.68	AVIR
ARCT	0.83	0.29	-0.19	0.63		0.78	-0.01	0.7	-0.25	ARCT
ALLO	0.8	0.21	-0.35	0.8	0.78		-0.09	0.7	-0.38	ALLO
HUMA	-0.39	-0.2	0.48	-0.47	-0.01	-0.09		-0.22	0.51	HUMA
TRDA	0.72	0.32	-0.05	0.59	0.7	0.7	-0.22		-0.28	TRDA
SGMT	-0.38	-0.13	0.58	-0.68	-0.25	-0.38	0.51	-0.28		SGMT
	ELDN	ABEO	VYGR	AVIR	ARCT	ALLO	HUMA	TRDA	SGMT

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

ARCT	+ 0.83	ELDN
AVIR	+ 0.82	ELDN
ALLO	+ 0.8	ELDN
ALLO	+ 0.8	AVIR
ALLO	+ 0.78	ARCT
TRDA	+ 0.72	ELDN

High negative correlations

SGMT	- 0.68	AVIR
AVIR	- 0.65	VYGR
VYGR	- 0.48	ELDN
HUMA	- 0.47	AVIR
HUMA	- 0.39	ELDN
SGMT	- 0.38	ALLO

Risk-Adjusted Indicators

There is a big difference between Puma Stock performing well and Puma 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 Puma 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
ELDN	3.31	0.86	0.24	0.59	2.88	(4.26)	8.97	(6.13)	20.18
ABEO	2.41	0.12	0.05	0.17	2.65	(2.65)	5.34	(4.81)	12.04
VYGR	2.61	(0.10)	(0.02)	0.01	2.95	(3.00)	5.59	(5.23)	19.71
AVIR	2.23	0.71	0.27	23.41	1.73	(2.71)	7.21	(2.91)	17.79
ARCT	2.60	0.31	0.13	0.25	2.61	(3.05)	6.65	(4.23)	15.98
ALLO	4.66	1.25	0.25	0.69	4.13	(6.06)	13.43	(7.48)	26.97
HUMA	4.29	(0.11)	(0.01)	0.02	4.75	(5.30)	11.11	(8.11)	43.72
TRDA	2.59	0.21	0.07	0.27	2.91	(2.88)	6.40	(4.75)	15.20
SGMT	3.15	(0.25)	0.00	(0.12)	0.00	0.00	6.08	(7.51)	22.02

Puma Biotechnology Corporate Management

Jeffrey Ludwig	Chief Officer	Profile
Roger Storms	Senior Sales	Profile
Alvin Pharmd	Chief Officer	Profile
Heather Blaber	Senior Marketing	Profile
FRAPS BSc	Pharmacovigilance, Affairs	Profile

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