Upstream Bio Correlations
| UPB Stock | 8.54 0.25 3.02% |
The current 90-days correlation between Upstream Bio and Kaleido Biosciences is 0.01 (i.e., Significant diversification). The correlation of Upstream Bio 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.
Upstream Bio Correlation With Market
Good diversification
The correlation between Upstream Bio and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Upstream Bio and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Upstream Stock
Moving against Upstream Stock
| 0.61 | PYC | Physiomics Plc | PairCorr |
| 0.4 | EQ | Equillium | PairCorr |
| 0.38 | VALN | Valneva SE ADR | PairCorr |
| 0.38 | SABSW | SAB Biotherapeutics | PairCorr |
| 0.85 | TF2 | Takara Bio | PairCorr |
| 0.74 | NANO | Nanobiotix SA | PairCorr |
| 0.59 | S09 | Sutro Biopharma Split | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Upstream Stock performing well and Upstream Bio 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 Upstream Bio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KLDO | 146.28 | 71.62 | 0.00 | 3.45 | 0.00 | 0.00 | 4,998 | |||
| IVBT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XENO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CALA | 21.70 | 5.86 | 0.08 | (1.43) | 20.34 | 100.00 | 280.00 | |||
| NMRD | 1.49 | (0.70) | 0.00 | 0.60 | 0.00 | 0.00 | 50.00 | |||
| SYVC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SNNAQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FPMI | 2.98 | 1.43 | 0.00 | 1.05 | 0.00 | 0.00 | 100.00 |