Precigen Correlations

PGEN Stock

USD 4.76 0.08 1.65%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Precigen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precigen moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Precigen Correlation With Market

Modest diversification

The correlation between Precigen 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 Precigen and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Precigen Stock

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

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

Moving against Precigen Stock

0.36

MMM

3M Company

Pair Corr

Related Correlations Analysis

	TRML	ORIC	WVE	TERN	AMLX	IMTX	ELVN	RLAY	NKTR	DNTH
TRML		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TRML
ORIC	0.0		-0.77	-0.82	0.63	0.03	0.58	-0.73	0.51	-0.16	ORIC
WVE	0.0	-0.77		0.84	-0.35	-0.06	-0.29	0.69	-0.63	0.34	WVE
TERN	0.0	-0.82	0.84		-0.25	0.02	-0.26	0.67	-0.62	0.58	TERN
AMLX	0.0	0.63	-0.35	-0.25		0.31	0.72	-0.18	0.12	0.5	AMLX
IMTX	0.0	0.03	-0.06	0.02	0.31		-0.02	0.32	0.29	0.29	IMTX
ELVN	0.0	0.58	-0.29	-0.26	0.72	-0.02		-0.27	-0.14	0.37	ELVN
RLAY	0.0	-0.73	0.69	0.67	-0.18	0.32	-0.27		-0.44	0.35	RLAY
NKTR	0.0	0.51	-0.63	-0.62	0.12	0.29	-0.14	-0.44		-0.45	NKTR
DNTH	0.0	-0.16	0.34	0.58	0.5	0.29	0.37	0.35	-0.45		DNTH
	TRML	ORIC	WVE	TERN	AMLX	IMTX	ELVN	RLAY	NKTR	DNTH

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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

TERN	+ 0.84	WVE
ELVN	+ 0.72	AMLX
RLAY	+ 0.69	WVE
RLAY	+ 0.67	TERN
AMLX	+ 0.63	ORIC
ELVN	+ 0.58	ORIC

High negative correlations

TERN	- 0.82	ORIC
WVE	- 0.77	ORIC
RLAY	- 0.73	ORIC
NKTR	- 0.63	WVE
NKTR	- 0.62	TERN
DNTH	- 0.45	NKTR

Risk-Adjusted Indicators

There is a big difference between Precigen Stock performing well and Precigen 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 Precigen'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
TRML	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORIC	2.66	(0.15)	0.00	(0.32)	0.00	0.00	6.63	(4.36)	15.07
WVE	6.58	1.94	0.37	8.92	4.11	(9.12)	8.92	(6.68)	164.47
TERN	5.93	2.89	0.83	(2.75)	2.24	(8.15)	13.30	(5.57)	76.18
AMLX	2.78	0.26	0.05	(0.47)	2.83	(3.32)	8.11	(4.94)	19.81
IMTX	2.95	(0.07)	0.00	(0.02)	0.00	0.00	7.31	(6.47)	30.34
ELVN	4.20	0.70	0.10	(0.25)	4.62	(4.87)	6.28	(7.81)	54.92
RLAY	2.70	0.00	0.00	0.07	3.06	(3.08)	5.25	(5.31)	27.25
NKTR	3.67	(0.78)	0.00	(1.30)	0.00	0.00	6.56	(7.77)	20.31
DNTH	2.75	0.81	0.25	(2.46)	2.30	(3.44)	8.00	(4.47)	22.10

Precigen Corporate Management

Rob Russell	VP Resources	Profile
Mr JD	Chief Secretary	Profile
Phil Tennant	Chief Officer	Profile
Donald Lehr	Chief Secretary	Profile
Rutul Shah	Chief Officer	Profile
Jeffrey Perez	Senior Affairs	Profile

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