Savara Correlations

SVRA Stock

USD 3.41 0.05 1.49%

The current 90-days correlation between Savara Inc and Stoke Therapeutics is 0.21 (i.e., Modest diversification). The correlation of Savara 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.

Savara Correlation With Market

Weak diversification

The correlation between Savara Inc and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Savara 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, which includes a position in Savara Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Savara Stock

0.8	ME	23Andme Holding	Pair Corr
0.73	VALN	Valneva SE ADR	Pair Corr
0.67	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.64	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.72	IPSC	Century Therapeutics	Pair Corr
0.71	MTEM	Molecular Templates	Pair Corr
0.86	NKTX	Nkarta Inc	Pair Corr
0.8	TPST	Tempest Therapeutics	Pair Corr
0.83	AGL	agilon health Buyout Trend	Pair Corr
0.8	CYRX	Cryoport	Pair Corr
0.71	SHG	Shinhan Financial	Pair Corr
0.69	EC	Ecopetrol SA ADR	Pair Corr
0.7	HYMTF	Hyundai Motor	Pair Corr
0.77	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Savara Stock

0.73	KZR	Kezar Life Sciences	Pair Corr
0.45	MLYS	Mineralys Therapeutics,	Pair Corr
0.79	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.74	BAC	Bank of America Aggressive Push	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.7	T	ATT Inc Sell-off Trend	Pair Corr
0.69	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.67	HD	Home Depot	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.56	KB	KB Financial Group	Pair Corr
0.54	VFS	VinFast Auto Earnings Call Today	Pair Corr
0.34	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	STOK	EWTX	CRNX	DYN	RVMD	IKNA	XLO	TARA	SRRK	VACC
STOK		-0.64	-0.18	0.33	-0.41	-0.03	-0.13	-0.08	-0.55	-0.06	STOK
EWTX	-0.64		0.74	-0.58	0.79	0.16	0.49	0.51	0.85	-0.28	EWTX
CRNX	-0.18	0.74		-0.33	0.71	0.23	0.55	0.66	0.72	-0.44	CRNX
DYN	0.33	-0.58	-0.33		-0.61	0.24	-0.42	-0.36	-0.57	0.56	DYN
RVMD	-0.41	0.79	0.71	-0.61		0.21	0.65	0.76	0.77	-0.51	RVMD
IKNA	-0.03	0.16	0.23	0.24	0.21		0.18	0.27	0.12	0.2	IKNA
XLO	-0.13	0.49	0.55	-0.42	0.65	0.18		0.81	0.53	-0.64	XLO
TARA	-0.08	0.51	0.66	-0.36	0.76	0.27	0.81		0.51	-0.63	TARA
SRRK	-0.55	0.85	0.72	-0.57	0.77	0.12	0.53	0.51		-0.4	SRRK
VACC	-0.06	-0.28	-0.44	0.56	-0.51	0.2	-0.64	-0.63	-0.4		VACC
	STOK	EWTX	CRNX	DYN	RVMD	IKNA	XLO	TARA	SRRK	VACC

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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

SRRK	+ 0.85	EWTX
TARA	+ 0.81	XLO
RVMD	+ 0.79	EWTX
SRRK	+ 0.77	RVMD
TARA	+ 0.76	RVMD
CRNX	+ 0.74	EWTX

High negative correlations

VACC	- 0.64	XLO
EWTX	- 0.64	STOK
VACC	- 0.63	TARA
RVMD	- 0.61	DYN
DYN	- 0.58	EWTX
SRRK	- 0.57	DYN

Risk-Adjusted Indicators

There is a big difference between Savara Stock performing well and Savara 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 Savara'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
STOK	2.63	(0.38)	0.00	(0.17)	0.00	0.00	4.68	(6.99)	21.35
EWTX	3.54	0.64	0.24	0.35	2.85	(4.17)	6.65	(4.70)	61.02
CRNX	1.71	(0.01)	(0.01)	0.11	2.43	(1.68)	3.67	(3.45)	16.75
DYN	3.10	(0.80)	0.00	(0.20)	0.00	0.00	5.70	(5.63)	32.99
RVMD	1.99	0.30	0.13	0.39	2.04	(2.13)	4.81	(3.24)	10.95
IKNA	1.09	(0.07)	(0.07)	(0.01)	1.39	(1.50)	1.81	(1.74)	13.50
XLO	5.31	0.27	0.02	1.98	6.20	(6.56)	10.10	(10.99)	57.76
TARA	3.03	0.23	0.04	7.52	2.96	(3.96)	7.26	(4.98)	19.48
SRRK	11.32	6.09	1.03	(0.61)	3.23	(14.89)	7.58	(6.99)	375.97
VACC	1.84	(0.24)	0.00	(0.16)	0.00	0.00	3.36	(4.63)	14.02

Savara Corporate Management

Anne Erickson	IR Contact Officer	Profile
Peter Clarke	Executive Operations	Profile
Brian Maurer	Head Operations	Profile
Charles LaPree	Senior Assurance	Profile

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