Puma Biotechnology Correlations

PBYI Stock

USD 6.16 0.20 3.36%

The current 90-days correlation between Puma Biotechnology and Abeona Therapeutics is -0.41 (i.e., Very 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

Significant diversification

The correlation between Puma Biotechnology and DJI is 0.09 (i.e., Significant 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.

Build AI portfolio with Puma Stock

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 private.

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

0.73	VERA	Vera Therapeutics	Pair Corr
0.73	DXB	Dimerix	Pair Corr
0.61	0P6S	Bayer AG NA	Pair Corr
0.73	VNDA	Vanda Pharmaceuticals	Pair Corr

Moving against Puma Stock

0.63	CMB	Cambium Bio	Pair Corr
0.63	PYC	Physiomics Plc	Pair Corr
0.36	DRMA	Dermata Therapeutics Buyout Trend	Pair Corr
0.36	SABSW	SAB Biotherapeutics	Pair Corr
0.33	VIVS	VivoSim Labs, Symbol Change	Pair Corr
0.31	AVH	Avita Medical	Pair Corr
0.6	300238	Guanhao Biotech	Pair Corr
0.51	300676	BGI Genomics	Pair Corr
0.44	VTGN	VistaGen Therapeutics	Pair Corr
0.44	ENSC	Ensysce Biosciences	Pair Corr
0.41	BSFA	BSF Enterprise Plc	Pair Corr
0.4	ALA	Arovella Therapeutics	Pair Corr
0.39	ELUT	Elutia Inc	Pair Corr
0.38	EGRX	Eagle Pharmaceuticals	Pair Corr

Related Correlations Analysis

	ELDN	ABEO	VYGR	AVIR	ARCT	ALLO	HUMA	TRDA	SGMT
ELDN		0.18	0.67	0.12	0.5	-0.46	0.69	-0.75	0.66	ELDN
ABEO	0.18		0.47	-0.2	0.53	0.32	0.41	-0.13	-0.14	ABEO
VYGR	0.67	0.47		-0.03	0.84	-0.06	0.74	-0.74	0.42	VYGR
AVIR	0.12	-0.2	-0.03		-0.31	-0.01	-0.33	0.08	0.15	AVIR
ARCT	0.5	0.53	0.84	-0.31		-0.14	0.77	-0.79	0.35	ARCT
ALLO	-0.46	0.32	-0.06	-0.01	-0.14		-0.31	0.56	-0.65	ALLO
HUMA	0.69	0.41	0.74	-0.33	0.77	-0.31		-0.77	0.43	HUMA
TRDA	-0.75	-0.13	-0.74	0.08	-0.79	0.56	-0.77		-0.74	TRDA
SGMT	0.66	-0.14	0.42	0.15	0.35	-0.65	0.43	-0.74		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	+ 0.84	VYGR
HUMA	+ 0.77	ARCT
HUMA	+ 0.74	VYGR
HUMA	+ 0.69	ELDN
VYGR	+ 0.67	ELDN
SGMT	+ 0.66	ELDN

High negative correlations

TRDA	- 0.79	ARCT
TRDA	- 0.77	HUMA
TRDA	- 0.75	ELDN
SGMT	- 0.74	TRDA
TRDA	- 0.74	VYGR
SGMT	- 0.65	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	4.71	(0.22)	0.00	0.23	0.00	0.00	9.22	(8.05)	70.46
ABEO	2.90	0.12	0.01	(0.25)	3.48	(3.10)	6.16	(5.49)	26.76
VYGR	3.01	(0.04)	0.00	0.04	3.43	(3.37)	6.22	(5.23)	21.00
AVIR	1.69	0.26	0.09	0.25	2.54	(1.83)	4.38	(2.91)	17.80
ARCT	4.66	(1.29)	0.00	(4.80)	0.00	0.00	7.43	(7.17)	61.30
ALLO	3.64	0.16	0.06	0.12	4.46	(4.53)	8.89	(6.16)	27.43
HUMA	4.46	(0.70)	0.00	(0.13)	0.00	0.00	8.93	(8.18)	51.56
TRDA	2.93	0.91	0.28	0.73	2.60	(3.52)	7.03	(4.60)	20.54
SGMT	3.54	0.03	0.00	0.05	0.00	0.00	6.39	(8.25)	36.94

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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