Regenxbio Correlations

RGNX Stock

USD 7.30 0.02 0.27%

The current 90-days correlation between Regenxbio and Mirum Pharmaceuticals is 0.23 (i.e., Modest diversification). The correlation of Regenxbio 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.

Regenxbio Correlation With Market

Significant diversification

The correlation between Regenxbio and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Regenxbio 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 Regenxbio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Regenxbio Stock please use our How to Invest in Regenxbio guide.

Moving together with Regenxbio Stock

0.89	FDMT	4D Molecular Therapeutics	Pair Corr
0.79	INVA	Innoviva	Pair Corr
0.84	APVO	Aptevo Therapeutics	Pair Corr
0.79	AMCCF	Amcor plc	Pair Corr
0.63	ORGN	Origin Materials	Pair Corr
0.87	HDVTY	Henderson Investment	Pair Corr
0.79	UIS	Unisys Earnings Call This Week	Pair Corr

Moving against Regenxbio Stock

0.57	DRTSW	Alpha Tau Medical	Pair Corr
0.42	PFE	Pfizer Inc	Pair Corr
0.42	LNTH	Lantheus Holdings Earnings Call This Week	Pair Corr
0.31	GILD	Gilead Sciences	Pair Corr
0.7	ANET	Arista Networks Earnings Call This Week	Pair Corr
0.59	TSLA	Tesla Inc Sell-off Trend	Pair Corr
0.56	OKTA	Okta Inc	Pair Corr
0.54	WMT	Walmart Earnings Call This Week	Pair Corr
0.53	DUOT	Duos Technologies	Pair Corr
0.51	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.48	META	Meta Platforms Aggressive Push	Pair Corr

Related Correlations Analysis

	DAWN	REPL	MIRM	RCKT	RNA	QURE	PTGX	PLRX	IMCR	RVMD
DAWN		0.06	-0.29	0.9	0.83	-0.66	0.81	0.47	0.73	0.83	DAWN
REPL	0.06		0.58	-0.07	0.08	0.02	0.21	-0.25	0.26	-0.03	REPL
MIRM	-0.29	0.58		-0.49	-0.09	0.06	-0.32	-0.66	0.09	-0.32	MIRM
RCKT	0.9	-0.07	-0.49		0.83	-0.68	0.85	0.62	0.65	0.89	RCKT
RNA	0.83	0.08	-0.09	0.83		-0.84	0.79	0.27	0.73	0.94	RNA
QURE	-0.66	0.02	0.06	-0.68	-0.84		-0.65	-0.2	-0.64	-0.82	QURE
PTGX	0.81	0.21	-0.32	0.85	0.79	-0.65		0.47	0.56	0.85	PTGX
PLRX	0.47	-0.25	-0.66	0.62	0.27	-0.2	0.47		0.29	0.42	PLRX
IMCR	0.73	0.26	0.09	0.65	0.73	-0.64	0.56	0.29		0.69	IMCR
RVMD	0.83	-0.03	-0.32	0.89	0.94	-0.82	0.85	0.42	0.69		RVMD
	DAWN	REPL	MIRM	RCKT	RNA	QURE	PTGX	PLRX	IMCR	RVMD

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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

RVMD	+ 0.94	RNA
RCKT	+ 0.9	DAWN
RVMD	+ 0.89	RCKT
PTGX	+ 0.85	RCKT
RVMD	+ 0.85	PTGX
RNA	+ 0.83	DAWN

High negative correlations

QURE	- 0.84	RNA
RVMD	- 0.82	QURE
QURE	- 0.68	RCKT
PLRX	- 0.66	MIRM
QURE	- 0.66	DAWN
PTGX	- 0.65	QURE

Risk-Adjusted Indicators

There is a big difference between Regenxbio Stock performing well and Regenxbio 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 Regenxbio'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
DAWN	1.93	(0.42)	0.00	(0.42)	0.00	0.00	3.92	(3.68)	10.17
REPL	3.49	0.34	0.09	0.13	3.40	(4.31)	8.45	(5.88)	46.30
MIRM	1.85	0.28	0.13	0.22	2.00	(2.19)	4.13	(3.05)	12.25
RCKT	2.61	(0.73)	0.00	(0.87)	0.00	0.00	4.49	(5.98)	16.64
RNA	2.90	(0.49)	0.00	(0.46)	0.00	0.00	5.39	(5.80)	27.94
QURE	5.66	1.58	0.31	7.06	4.28	(7.59)	12.99	(9.75)	122.59
PTGX	2.26	(0.24)	0.00	(0.16)	0.00	0.00	3.48	(4.10)	16.19
PLRX	4.96	(1.69)	0.00	(1.04)	0.00	0.00	10.38	(8.16)	72.98
IMCR	1.83	(0.22)	0.00	(0.48)	0.00	0.00	4.79	(4.54)	10.64
RVMD	1.79	(0.58)	0.00	(0.80)	0.00	0.00	2.03	(5.94)	14.57

Regenxbio Corporate Management

Ram PharmD	Executive Operations	Profile
JD II	Executive Officer	Profile
Tricia Truehart	VP Communications	Profile
Olivier Danos	Chief Scientific Officer	Profile

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