Seagen Correlations

Summary

SGENDelisted Stock

USD 196.23 2.04 1.05%

The current 90-days correlation between Seagen Inc and Biomarin Pharmaceutical is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Seagen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Seagen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Seagen Correlation With Market

Good diversification

The correlation between Seagen Inc and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seagen Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Seagen Stock

0.66

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Moving against Seagen Stock

0.65	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.57	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.52	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.5	WMT	Walmart Aggressive Push	Pair Corr
0.47	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.41	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.39	HPQ	HP Inc	Pair Corr
0.38	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.35	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.33	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.33	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.31	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	BMRN	ALNY	EXEL	HALO	LEGN	ZLAB	ASND	INCY	UTHR	RARE
BMRN		-0.01	-0.62	0.64	0.86	-0.72	-0.03	-0.55	-0.47	0.59	BMRN
ALNY	-0.01		-0.25	0.11	0.11	0.26	0.29	-0.16	0.06	0.51	ALNY
EXEL	-0.62	-0.25		-0.37	-0.79	0.67	-0.38	0.91	0.8	-0.82	EXEL
HALO	0.64	0.11	-0.37		0.66	-0.53	0.29	-0.14	-0.06	0.61	HALO
LEGN	0.86	0.11	-0.79	0.66		-0.74	0.3	-0.65	-0.61	0.73	LEGN
ZLAB	-0.72	0.26	0.67	-0.53	-0.74		-0.29	0.65	0.6	-0.58	ZLAB
ASND	-0.03	0.29	-0.38	0.29	0.3	-0.29		-0.24	-0.2	0.41	ASND
INCY	-0.55	-0.16	0.91	-0.14	-0.65	0.65	-0.24		0.86	-0.72	INCY
UTHR	-0.47	0.06	0.8	-0.06	-0.61	0.6	-0.2	0.86		-0.56	UTHR
RARE	0.59	0.51	-0.82	0.61	0.73	-0.58	0.41	-0.72	-0.56		RARE
	BMRN	ALNY	EXEL	HALO	LEGN	ZLAB	ASND	INCY	UTHR	RARE

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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

INCY	+ 0.91	EXEL
LEGN	+ 0.86	BMRN
UTHR	+ 0.86	INCY
UTHR	+ 0.8	EXEL
RARE	+ 0.73	LEGN
ZLAB	+ 0.67	EXEL

High negative correlations

RARE	- 0.82	EXEL
LEGN	- 0.79	EXEL
ZLAB	- 0.74	LEGN
RARE	- 0.72	INCY
ZLAB	- 0.72	BMRN
INCY	- 0.65	LEGN

Risk-Adjusted Indicators

There is a big difference between Seagen Stock performing well and Seagen 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 Seagen'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
BMRN	1.27	(0.54)	0.00	(1.12)	0.00	0.00	1.42	(3.32)	18.88
ALNY	1.68	(0.32)	0.00	(0.14)	0.00	0.00	2.91	(3.88)	13.26
EXEL	1.42	0.45	0.29	1.08	0.85	(1.75)	3.14	(1.77)	14.75
HALO	2.40	(0.48)	0.00	(0.18)	0.00	0.00	3.90	(6.75)	28.41
LEGN	2.28	(0.55)	0.00	(0.74)	0.00	0.00	4.29	(5.82)	17.18
ZLAB	2.87	0.60	0.13	0.95	3.50	(2.96)	6.26	(5.73)	25.60
ASND	2.04	(0.17)	0.00	(0.08)	0.00	0.00	4.75	(3.56)	22.16
INCY	1.54	0.09	0.04	0.20	2.01	(1.61)	3.02	(2.70)	20.37
UTHR	1.20	(0.01)	0.00	0.11	1.83	(1.13)	2.89	(3.07)	9.81
RARE	1.51	(0.34)	0.00	(0.37)	0.00	0.00	2.65	(3.20)	8.73

View Seagen Related Equities

Biomarin Pharmaceutical Alnylam Pharmaceuticals Exelixis Halozyme Therapeutics Legend Biotech Corp Zai Lab Ascendis Pharma AS Incyte United Therapeutics Ultragenyx Apellis Pharmaceuticals Viking Therapeutics TG Therapeutics X4 Pharmaceuticals PDS Biotechnology Corp

Risk & Return

Correlation

Seagen Corporate Management

Vaughn Himes	Executive VP of Process Sciences and Technical Operations	Profile
David Caouette	VP Communications	Profile
Charles Romp	Ex US	Profile
Christopher Pawlowicz	Ex HR	Profile
MS JD	Chief Officer	Profile
Roger MD	Pres RD	Profile
Matt Skelton	VP Marketing	Profile

Still Interested in Seagen Inc?

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