Regenxbio Correlations

RGNX Stock

USD 7.37 0.22 3.08%

The current 90-days correlation between Regenxbio and Replimune Group is 0.14 (i.e., Average 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

Average diversification

The correlation between Regenxbio and DJI is 0.1 (i.e., Average 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

0.86	DNLI	Denali Therapeutics	Pair Corr
0.82	DOMH	Dominari Holdings	Pair Corr
0.77	DTIL	Precision BioSciences	Pair Corr
0.73	VIGL	Vigil Neuroscience	Pair Corr
0.66	VINC	Vincerx Pharma	Pair Corr
0.68	VKTX	Viking Therapeutics	Pair Corr
0.66	VNDA	Vanda Pharmaceuticals	Pair Corr
0.76	VRDN	Viridian Therapeutics Buyout Trend	Pair Corr
0.62	VRPX	Virpax Pharmaceuticals	Pair Corr
0.86	VRTX	Vertex Pharmaceuticals	Pair Corr

Moving against Regenxbio Stock

0.76	DRTS	Alpha Tau Medical	Pair Corr
0.7	CDIOW	Cardio Diagnostics	Pair Corr
0.62	DMAC	DiaMedica Therapeutics	Pair Corr
0.53	SABSW	SAB Biotherapeutics	Pair Corr
0.41	VCEL	Vericel Corp Ord	Pair Corr
0.39	VCYT	Veracyte Potential Growth	Pair Corr
0.74	VRNA	Verona Pharma PLC	Pair Corr
0.63	SRZNW	Surrozen Warrant	Pair Corr
0.57	DYAI	Dyadic International	Pair Corr
0.41	VSTM	Verastem	Pair Corr

Related Correlations Analysis

	DAWN	REPL	MIRM	RCKT	RNA	QURE	PTGX	PLRX	IMCR	RVMD
DAWN		0.15	-0.38	0.92	0.89	-0.73	0.86	0.71	0.86	0.73	DAWN
REPL	0.15		0.26	0.08	0.11	-0.08	0.26	0.42	0.17	0.32	REPL
MIRM	-0.38	0.26		-0.56	-0.28	0.1	-0.5	-0.37	-0.15	0.04	MIRM
RCKT	0.92	0.08	-0.56		0.89	-0.74	0.92	0.71	0.83	0.59	RCKT
RNA	0.89	0.11	-0.28	0.89		-0.87	0.85	0.56	0.91	0.8	RNA
QURE	-0.73	-0.08	0.1	-0.74	-0.87		-0.72	-0.39	-0.81	-0.74	QURE
PTGX	0.86	0.26	-0.5	0.92	0.85	-0.72		0.7	0.75	0.6	PTGX
PLRX	0.71	0.42	-0.37	0.71	0.56	-0.39	0.7		0.57	0.37	PLRX
IMCR	0.86	0.17	-0.15	0.83	0.91	-0.81	0.75	0.57		0.77	IMCR
RVMD	0.73	0.32	0.04	0.59	0.8	-0.74	0.6	0.37	0.77		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

RCKT	+ 0.92	DAWN
PTGX	+ 0.92	RCKT
IMCR	+ 0.91	RNA
RNA	+ 0.89	DAWN
RNA	+ 0.89	RCKT
PTGX	+ 0.86	DAWN

High negative correlations

QURE	- 0.87	RNA
IMCR	- 0.81	QURE
RVMD	- 0.74	QURE
QURE	- 0.74	RCKT
QURE	- 0.73	DAWN
PTGX	- 0.72	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	1.84	(0.20)	0.00	(0.18)	0.00	0.00	3.92	(3.46)	11.05
REPL	3.04	0.02	0.01	0.04	3.44	(3.64)	5.66	(5.26)	46.30
MIRM	1.75	0.26	0.11	0.44	2.05	(1.97)	5.04	(3.18)	12.25
RCKT	2.53	(0.71)	0.00	(1.49)	0.00	0.00	4.31	(6.06)	16.64
RNA	2.83	(0.66)	0.00	(1.34)	0.00	0.00	4.80	(6.23)	27.94
QURE	6.22	2.09	0.40	5.51	4.39	(8.47)	14.72	(9.75)	122.59
PTGX	2.12	(0.33)	0.00	(0.53)	0.00	0.00	3.70	(4.10)	16.19
PLRX	3.11	(0.25)	0.00	(0.36)	0.00	0.00	5.37	(5.67)	20.55
IMCR	1.83	(0.15)	0.00	(0.22)	0.00	0.00	3.18	(3.88)	10.73
RVMD	2.07	(0.28)	0.00	(0.51)	0.00	0.00	4.11	(5.94)	16.40

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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