10X Genomics Correlations

TXG Stock

USD 18.12 0.61 3.48%

The current 90-days correlation between 10X Genomics and Progyny is 0.1 (i.e., Average diversification). The correlation of 10X Genomics 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.

10X Genomics Correlation With Market

Very weak diversification

The correlation between 10X Genomics and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 10X Genomics and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with 10X Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 10X Genomics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in median.

For more detail on how to invest in 10X Stock please use our How to Invest in 10X Genomics guide.

Moving together with 10X Stock

0.61	CRL	Charles River Labora Earnings Call This Week	Pair Corr
0.77	SHC	Sotera Health	Pair Corr
0.67	ILMN	Illumina	Pair Corr
0.82	PRTC	PureTech Health plc	Pair Corr
0.67	PACB	Pacific Biosciences	Pair Corr
0.64	PSNL	Personalis Earnings Call This Week	Pair Corr
0.83	QGEN	Qiagen NV	Pair Corr

Moving against 10X Stock

0.55	OSL	Oncosil Medical	Pair Corr
0.48	CDT	Conduit Pharmaceuticals	Pair Corr
0.45	HBIO	Harvard Bioscience	Pair Corr
0.44	GSS	Genetic Signatures	Pair Corr
0.62	BRK-A	Berkshire Hathaway	Pair Corr
0.48	PAIYY	Aesthetic Medical	Pair Corr
0.39	NOTV	Inotiv Inc	Pair Corr

Related Correlations Analysis

	SDGR	PGNY	GRDN	TDOC	OMDA	JANX	OMCL	SION	NUVB	CERT
SDGR		0.81	-0.5	0.93	0.59	0.21	0.18	0.18	0.57	0.59	SDGR
PGNY	0.81		-0.5	0.77	0.45	0.19	0.31	0.41	0.55	0.61	PGNY
GRDN	-0.5	-0.5		-0.54	-0.68	-0.49	0.06	-0.25	-0.11	-0.5	GRDN
TDOC	0.93	0.77	-0.54		0.66	0.36	-0.01	0.19	0.59	0.54	TDOC
OMDA	0.59	0.45	-0.68	0.66		0.76	-0.3	-0.03	-0.09	0.39	OMDA
JANX	0.21	0.19	-0.49	0.36	0.76		-0.7	-0.03	-0.17	-0.08	JANX
OMCL	0.18	0.31	0.06	-0.01	-0.3	-0.7		0.31	0.19	0.64	OMCL
SION	0.18	0.41	-0.25	0.19	-0.03	-0.03	0.31		0.47	0.41	SION
NUVB	0.57	0.55	-0.11	0.59	-0.09	-0.17	0.19	0.47		0.27	NUVB
CERT	0.59	0.61	-0.5	0.54	0.39	-0.08	0.64	0.41	0.27		CERT
	SDGR	PGNY	GRDN	TDOC	OMDA	JANX	OMCL	SION	NUVB	CERT

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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

TDOC	+ 0.93	SDGR
PGNY	+ 0.81	SDGR
TDOC	+ 0.77	PGNY
JANX	+ 0.76	OMDA
OMDA	+ 0.66	TDOC
CERT	+ 0.64	OMCL

High negative correlations

OMCL	- 0.7	JANX
OMDA	- 0.68	GRDN
TDOC	- 0.54	GRDN
CERT	- 0.5	GRDN
GRDN	- 0.5	PGNY
GRDN	- 0.5	SDGR

Risk-Adjusted Indicators

There is a big difference between 10X Stock performing well and 10X Genomics 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 10X Genomics' 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
SDGR	2.32	(0.78)	0.00	(0.37)	0.00	0.00	3.89	(5.25)	21.90
PGNY	2.02	(0.20)	0.00	(0.32)	0.00	0.00	3.57	(4.17)	20.44
GRDN	2.05	0.12	0.06	0.14	2.47	(2.26)	4.77	(3.83)	13.96
TDOC	2.31	(0.82)	0.00	(0.32)	0.00	0.00	4.03	(5.35)	15.93
OMDA	2.86	(0.89)	0.00	(1.02)	0.00	0.00	4.61	(10.52)	19.12
JANX	3.12	(0.81)	0.00	(0.49)	0.00	0.00	7.88	(5.07)	63.52
OMCL	2.11	(0.05)	(0.01)	0.03	3.59	(2.10)	6.48	(4.34)	23.86
SION	3.31	0.19	0.02	1.94	5.47	(3.07)	7.92	(8.89)	31.39
NUVB	3.90	0.49	0.10	0.51	4.41	(4.42)	7.33	(5.41)	68.61
CERT	2.09	(0.38)	0.00	(3.48)	0.00	0.00	4.75	(5.06)	14.22

10X Genomics Corporate Management

Randy Wu	General Secretary	Profile
James Wilbur	Chief Officer	Profile
Mennah Moustafa	Chief Officer	Profile
Ruth Backer	Chief Officer	Profile
Florian Baumgartner	Senior Manager	Profile
Jonathan Schimmel	VP Operations	Profile

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